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Infomina Bhd (XKLS:0265) Piotroski F-Score : 5 (As of Apr. 13, 2025)


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What is Infomina 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

Infomina Bhd has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

XKLS:0265' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 5

During the past 6 years, the highest Piotroski F-Score of Infomina Bhd was 6. The lowest was 4. And the median was 5.


Infomina Bhd Piotroski F-Score Historical Data

The historical data trend for Infomina 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.

Infomina Bhd Piotroski F-Score Chart

Infomina Bhd Annual Data
Trend May19 May20 May21 May22 May23 May24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 4.00

Infomina Bhd Quarterly Data
May19 May20 May21 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 6.00 4.00 4.00 N/A 5.00

Competitive Comparison of Infomina Bhd's Piotroski F-Score

For the Information Technology Services subindustry, Infomina 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.


Infomina Bhd's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Infomina Bhd's Piotroski F-Score distribution charts can be found below:

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


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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 (Nov24) TTM:Last Year (Nov23) TTM:
Net Income was 8.782 + 8.052 + 8.013 + 8.084 = RM32.9 Mil.
Cash Flow from Operations was -1.894 + 5.4 + -21.205 + 27.422 = RM9.7 Mil.
Revenue was 50.774 + 58.526 + 46.178 + 46.612 = RM202.1 Mil.
Gross Profit was 17.8 + 18.771 + 14.436 + 14.181 = RM65.2 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Nov24) was
(275.339 + 291.355 + 262.588 + 295.165 + 260.74) / 5 = RM277.0374 Mil.
Total Assets at the begining of this year (Nov23) was RM275.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.5 Mil.
Total Current Assets was RM249.3 Mil.
Total Current Liabilities was RM100.4 Mil.
Net Income was 22.724 + 7.33 + 7.268 + 8.948 = RM46.3 Mil.

Revenue was 109.733 + 57.542 + 56.206 + 59.654 = RM283.1 Mil.
Gross Profit was 35.172 + 16.345 + 12.354 + 15.436 = RM79.3 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was
(186.669 + 315.492 + 262.829 + 307.127 + 275.339) / 5 = RM269.4912 Mil.
Total Assets at the begining of last year (Nov22) was RM186.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.8 Mil.
Total Current Assets was RM264.5 Mil.
Total Current Liabilities was RM140.7 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.

Infomina Bhd's current Net Income (TTM) was 32.9. ==> 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.

Infomina Bhd's current Cash Flow from Operations (TTM) was 9.7. ==> 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 (Nov23)
=32.931/275.339
=0.11960165

ROA (Last Year)=Net Income/Total Assets (Nov22)
=46.27/186.669
=0.2478719

Infomina Bhd's return on assets of this year was 0.11960165. Infomina Bhd's return on assets of last year was 0.2478719. ==> 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.

Infomina Bhd's current Net Income (TTM) was 32.9. Infomina Bhd's current Cash Flow from Operations (TTM) was 9.7. ==> 9.7 <= 32.9 ==> 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: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=2.453/277.0374
=0.0088544

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=1.804/269.4912
=0.0066941

Infomina Bhd's gearing of this year was 0.0088544. Infomina Bhd's gearing of last year was 0.0066941. ==> Last year is lower than this year ==> Score 0.

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: Nov24)=Total Current Assets/Total Current Liabilities
=249.283/100.402
=2.48284895

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=264.464/140.735
=1.87916297

Infomina Bhd's current ratio of this year was 2.48284895. Infomina Bhd's current ratio of last year was 1.87916297. ==> 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.

Infomina Bhd's number of shares in issue this year was 601.25. Infomina Bhd's number of shares in issue last year was 601.25. ==> 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
=65.188/202.09
=0.32256915

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=79.307/283.135
=0.28010313

Infomina Bhd's gross margin of this year was 0.32256915. Infomina Bhd's gross margin of last year was 0.28010313. ==> 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 (Nov23)
=202.09/275.339
=0.73396794

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=283.135/186.669
=1.51677568

Infomina Bhd's asset turnover of this year was 0.73396794. Infomina Bhd's asset turnover of last year was 1.51677568. ==> 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
=1+1+0+0+0+1+1+1+0
=5

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

Infomina Bhd has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Infomina Bhd  (XKLS:0265) 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.


Infomina Bhd Piotroski F-Score Related Terms

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Infomina Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Jalan Bangsar, BO3-C-12-1, Menara 3A, KL Eco, Kuala Lumpur, SGR, MYS, 59200
Infomina Bhd is a technology solution provider. It principally provide maintenance and support services for information technology related products and also investment holding. The company is involved in the design and implementation of technology applications and infrastructure solutions that support the fundamental business operations of customers.

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