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Siriusvision Co (TSE:6276) Piotroski F-Score : 3 (As of Dec. 12, 2024)


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What is Siriusvision Co Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Siriusvision Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Siriusvision Co's Piotroski F-Score or its related term are showing as below:

TSE:6276' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Siriusvision Co was 8. The lowest was 2. And the median was 4.


Siriusvision Co Piotroski F-Score Historical Data

The historical data trend for Siriusvision Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Siriusvision Co Piotroski F-Score Chart

Siriusvision Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 8.00 2.00 5.00 3.00

Siriusvision Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Siriusvision Co's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, Siriusvision Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Siriusvision Co's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siriusvision Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Siriusvision Co's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec22) TTM:Last Year (Dec21) TTM:
Net Income was 円-425 Mil.
Cash Flow from Operations was 円-545 Mil.
Revenue was 円1,729 Mil.
Gross Profit was 円743 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Dec22) was (3961.143 + 3112.393) / 2 = 円3536.768 Mil.
Total Assets at the begining of this year (Dec21) was 円3,961 Mil.
Long-Term Debt & Capital Lease Obligation was 円2 Mil.
Total Current Assets was 円2,363 Mil.
Total Current Liabilities was 円431 Mil.
Net Income was 円7 Mil.

Revenue was 円4,138 Mil.
Gross Profit was 円1,727 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Dec21) was (4190.243 + 3961.143) / 2 = 円4075.693 Mil.
Total Assets at the begining of last year (Mar20) was 円4,190 Mil.
Long-Term Debt & Capital Lease Obligation was 円4 Mil.
Total Current Assets was 円2,991 Mil.
Total Current Liabilities was 円832 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Siriusvision Co's current Net Income (TTM) was -425. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Siriusvision Co's current Cash Flow from Operations (TTM) was -545. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec21)
=-425.185/3961.143
=-0.10733897

ROA (Last Year)=Net Income/Total Assets (Mar20)
=7.176/4190.243
=0.00171255

Siriusvision Co's return on assets of this year was -0.10733897. Siriusvision Co's return on assets of last year was 0.00171255. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Siriusvision Co's current Net Income (TTM) was -425. Siriusvision Co's current Cash Flow from Operations (TTM) was -545. ==> -545 <= -425 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.593/3536.768
=0.00045041

Gearing (Last Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Dec21
=3.651/4075.693
=0.0008958

Siriusvision Co's gearing of this year was 0.00045041. Siriusvision Co's gearing of last year was 0.0008958. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec22)=Total Current Assets/Total Current Liabilities
=2363.016/430.835
=5.48473546

Current Ratio (Last Year: Dec21)=Total Current Assets/Total Current Liabilities
=2990.514/832.086
=3.59399629

Siriusvision Co's current ratio of this year was 5.48473546. Siriusvision Co's current ratio of last year was 3.59399629. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Siriusvision Co's number of shares in issue this year was 4.589. Siriusvision Co's number of shares in issue last year was 4.352. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=742.628/1729.098
=0.42948867

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1727.159/4138.363
=0.41735319

Siriusvision Co's gross margin of this year was 0.42948867. Siriusvision Co's gross margin of last year was 0.41735319. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec21)
=1729.098/3961.143
=0.43651492

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=4138.363/4190.243
=0.98761886

Siriusvision Co's asset turnover of this year was 0.43651492. Siriusvision Co's asset turnover of last year was 0.98761886. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+0+1+1+0+1+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Siriusvision Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Siriusvision Co  (TSE:6276) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Siriusvision Co Piotroski F-Score Related Terms

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Siriusvision Co Business Description

Traded in Other Exchanges
N/A
Address
2-4-17 Shin-Yokohama, Kohoku-ku, 2nd Building, 5th Floor, Kanagawa Shin-Yokohama Chitose Kanko, Yokohama-shi, JPN, 222-0033
Siriusvision Co Ltd is engaged in the business of providing solutions and systems for print quality, label inspection, card inspection, container inspection, molded product inspection, and other products.

Siriusvision Co Headlines

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