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Umedic Group Bhd (XKLS:0256) Piotroski F-Score : 6 (As of Mar. 16, 2025)


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What is Umedic Group Bhd Piotroski F-Score?

The zones of discrimination were as such:

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

Umedic Group Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XKLS:0256' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 6 years, the highest Piotroski F-Score of Umedic Group Bhd was 8. The lowest was 5. And the median was 7.


Umedic Group Bhd Piotroski F-Score Historical Data

The historical data trend for Umedic Group Bhd'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.

Umedic Group Bhd Piotroski F-Score Chart

Umedic Group Bhd Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 5.00

Umedic Group Bhd Quarterly Data
Jul19 Jul20 Jan21 Jul21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 7.00 N/A 5.00 7.00 6.00

Competitive Comparison of Umedic Group Bhd's Piotroski F-Score

For the Medical Devices subindustry, Umedic Group Bhd'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.


Umedic Group Bhd's Piotroski F-Score Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Umedic Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Umedic Group Bhd'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 (Jan25) TTM:Last Year (Jan24) TTM:
Net Income was 1.583 + 3.039 + 1.845 + 1.891 = RM8.36 Mil.
Cash Flow from Operations was -1.128 + 2.732 + 1.676 + 5.959 = RM9.24 Mil.
Revenue was 11.69 + 14.876 + 13.055 + 11.579 = RM51.20 Mil.
Gross Profit was 5.187 + 6.153 + 5.122 + 5.157 = RM21.62 Mil.
Average Total Assets from the begining of this year (Jan24)
to the end of this year (Jan25) was
(77.57 + 79.698 + 82.708 + 83.293 + 89.196) / 5 = RM82.493 Mil.
Total Assets at the begining of this year (Jan24) was RM77.57 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.19 Mil.
Total Current Assets was RM52.30 Mil.
Total Current Liabilities was RM8.55 Mil.
Net Income was 2.035 + 3.37 + 1.889 + 2.48 = RM9.77 Mil.

Revenue was 9.585 + 12.015 + 14.524 + 13.48 = RM49.60 Mil.
Gross Profit was 4.049 + 5.703 + 4.665 + 6.666 = RM21.08 Mil.
Average Total Assets from the begining of last year (Jan23)
to the end of last year (Jan24) was
(75.488 + 74.882 + 73.292 + 76.748 + 77.57) / 5 = RM75.596 Mil.
Total Assets at the begining of last year (Jan23) was RM75.49 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.78 Mil.
Total Current Assets was RM48.06 Mil.
Total Current Liabilities was RM4.87 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.

Umedic Group Bhd's current Net Income (TTM) was 8.36. ==> Positive ==> Score 1.

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.

Umedic Group Bhd's current Cash Flow from Operations (TTM) was 9.24. ==> Positive ==> Score 1.

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 (Jan24)
=8.358/77.57
=0.10774784

ROA (Last Year)=Net Income/Total Assets (Jan23)
=9.774/75.488
=0.12947753

Umedic Group Bhd's return on assets of this year was 0.10774784. Umedic Group Bhd's return on assets of last year was 0.12947753. ==> 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.

Umedic Group Bhd's current Net Income (TTM) was 8.36. Umedic Group Bhd's current Cash Flow from Operations (TTM) was 9.24. ==> 9.24 > 8.36 ==> CFROA > ROA ==> Score 1.

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: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0.188/82.493
=0.00227898

Gearing (Last Year: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=0.782/75.596
=0.01034446

Umedic Group Bhd's gearing of this year was 0.00227898. Umedic Group Bhd's gearing of last year was 0.01034446. ==> 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: Jan25)=Total Current Assets/Total Current Liabilities
=52.303/8.553
=6.11516427

Current Ratio (Last Year: Jan24)=Total Current Assets/Total Current Liabilities
=48.056/4.874
=9.85966352

Umedic Group Bhd's current ratio of this year was 6.11516427. Umedic Group Bhd's current ratio of last year was 9.85966352. ==> Last year's current ratio is higher ==> Score 0.

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.

Umedic Group Bhd's number of shares in issue this year was 370.784. Umedic Group Bhd's number of shares in issue last year was 375.758. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=21.619/51.2
=0.42224609

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21.083/49.604
=0.42502621

Umedic Group Bhd's gross margin of this year was 0.42224609. Umedic Group Bhd's gross margin of last year was 0.42502621. ==> Last year's gross margin is higher ==> Score 0.

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 (Jan24)
=51.2/77.57
=0.66004899

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan23)
=49.604/75.488
=0.65711106

Umedic Group Bhd's asset turnover of this year was 0.66004899. Umedic Group Bhd's asset turnover of last year was 0.65711106. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

Umedic Group Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Umedic Group Bhd  (XKLS:0256) 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.


Umedic Group Bhd Piotroski F-Score Related Terms

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Umedic Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
PMT 790, Jalan Cassia Selatan 5/2, Taman Perindustrian Batu Kawan, Pulau Pinang, Bandar Cassia, PNG, MYS, 14110
Umedic Group Bhd is principally involved in the marketing and distribution of various branded medical devices and consumables as well as the provision of after-sales service for all products. The company is also involved in developing, manufacturing, and marketing of medical consumables. It has two reportable segments: marketing and distribution, which includes marketing and distribution of medical devices and the provision of after-sales service; the manufacturing segment includes developing, manufacturing, and marketing of medical devices. The company generates the majority of its revenue from the marketing and distribution segment. The company has customers in Asia Pacific, Americas, Europe, Middle East, Africa, and Oceania geographically.

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