Cropmate Bhd (XKLS:0331) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


XKLS:0331 Cropmate Bhd XKLS:0331
18 GF Score
Price RM0.18
! 2 Warning Signs
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What is Cropmate Bhd Piotroski F-Score?

Cropmate Bhd XKLS:0331 18 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates XKLS:0331 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 251 Agriculture companies, Cropmate Bhd ranks better than 58.17% on this metric.

The zones of discrimination were as such:

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

Cropmate 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 Cropmate Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0331' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 6
Current: 5

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

Cropmate Bhd  (XKLS:0331) 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.


Cropmate Bhd Piotroski F-Score Related Terms


Cropmate Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cropmate 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.

Cropmate Bhd Piotroski F-Score Chart

Cropmate Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A N/A 6.00

Cropmate Bhd Quarterly Data
Dec21 Dec22 Dec23 May24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A 6.00 5.00

XKLS:0331 vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, Cropmate 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.


Cropmate Bhd Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Cropmate Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0331
18GF Score
Cropmate Bhd XKLS:0331
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 3.452 + 3.965 + 3.482 + 4.16 = RM15.1 Mil.
Cash Flow from Operations was -6.013 + 3.56 + 2.501 + 0.595 = RM0.6 Mil.
Revenue was 45.74 + 60.853 + 41.332 + 58.566 = RM206.5 Mil.
Gross Profit was 8.005 + 9.388 + 7.086 + 9.932 = RM34.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(129.068 + 130.329 + 139.298 + 134.935 + 142.283) / 5 = RM135.1826 Mil.
Total Assets at the begining of this year (Mar25) was RM129.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM17.7 Mil.
Total Current Assets was RM85.9 Mil.
Total Current Liabilities was RM24.1 Mil.
Net Income was 0 + 3.456 + 2.236 + 3.751 = RM9.4 Mil.

Revenue was 0 + 45.347 + 36.118 + 48.616 = RM130.1 Mil.
Gross Profit was 0 + 8.682 + 5.627 + 9.309 = RM23.6 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Mar25) was
(80.949 + 122.291 + 0 + 124.058 + 129.068) / 5 = RM114.0915 Mil.
Total Assets at the begining of last year (Dec23) was RM80.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM17.6 Mil.
Total Current Assets was RM112.2 Mil.
Total Current Liabilities was RM22.2 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.

Cropmate Bhd's current Net Income (TTM) was 15.1. ==> 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.

Cropmate Bhd's current Cash Flow from Operations (TTM) was 0.6. ==> 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 (Mar25)
=15.059/129.068
=0.11667493

ROA (Last Year)=Net Income/Total Assets (Dec23)
=9.443/80.949
=0.1166537

Cropmate Bhd's return on assets of this year was 0.11667493. Cropmate Bhd's return on assets of last year was 0.1166537. ==> This year is higher. ==> Score 1.

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.

Cropmate Bhd's current Net Income (TTM) was 15.1. Cropmate Bhd's current Cash Flow from Operations (TTM) was 0.6. ==> 0.6 <= 15.1 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=17.713/135.1826
=0.13103018

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Mar25
=17.587/114.0915
=0.15414821

Cropmate Bhd's gearing of this year was 0.13103018. Cropmate Bhd's gearing of last year was 0.15414821. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=85.899/24.087
=3.56619753

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=112.185/22.22
=5.04882988

Cropmate Bhd's current ratio of this year was 3.56619753. Cropmate Bhd's current ratio of last year was 5.04882988. ==> 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.

Cropmate Bhd's number of shares in issue this year was 738. Cropmate Bhd's number of shares in issue last year was 738. ==> 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
=34.411/206.491
=0.16664649

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23.618/130.081
=0.18156379

Cropmate Bhd's gross margin of this year was 0.16664649. Cropmate Bhd's gross margin of last year was 0.18156379. ==> 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 (Mar25)
=206.491/129.068
=1.59986209

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=130.081/80.949
=1.60695005

Cropmate Bhd's asset turnover of this year was 1.59986209. Cropmate Bhd's asset turnover of last year was 1.60695005. ==> 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+1+0+1+0+1+0+0
=5

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

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

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Cropmate Bhd (XKLS:0331) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cropmate Bhd and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Cropmate Bhd's Piotroski F-Score has ranged from 5.00 to 6.00. According to the industry distribution chart, Cropmate Bhd ranks #105 out of 251 companies in the Agriculture industry, placing it in the top 41.8%.
Is Cropmate Bhd's Piotroski F-Score too high?
Cropmate Bhd's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 6.00. The Agriculture industry median Piotroski F-Score is 5.00. Cropmate Bhd's value of 5 is 0% at this industry median. Based on the distribution chart, Cropmate Bhd ranks #105 out of 251 companies in the Agriculture industry, which is above the industry midpoint. Overall, Cropmate Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Cropmate Bhd's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Cropmate Bhd ranks #105 out of 251 companies for Piotroski F-Score. This puts Cropmate Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cropmate Bhd's value of 5 is 0% at this benchmark. Historically, Cropmate Bhd's own Piotroski F-Score has ranged from 5.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cropmate Bhd has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 251 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cropmate Bhd's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cropmate Bhd and its competitors. For the Agriculture industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cropmate Bhd's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cropmate Bhd stock overvalued right now?
Cropmate Bhd (XKLS:0331) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Agriculture industry median of 5.00. Cropmate Bhd's overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cropmate Bhd (XKLS:0331), the current Piotroski F-Score is 5 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cropmate Bhd Business Description

Address Jalan Telok Gong KS/10, Lot 8949, Kampung Nelayan, Telok Gong, Darul Ehsan, Pelabuhan Klang, SGR, MYS, 42000
Cropmate Bhd is an holding company and operates through its subsidiary. It is engaged in the formulation and blending of conventional and specialty fertilisers as well as trading of straight fertilisers and related products. Its fertilisers are sold under brand Cropmate Dua Daun. Also in addition, it is involved in the trading of straight fertilisers and related products. The products includes Compacted Fertilisers, Blended Fertilisers and Specialty Fertilisers. The company has two segments: Investment holding and Manufacturing. Key revenue is generated from Manufacturing.
18GF Score

Get the complete analysis for XKLS:0331

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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