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Kluang Rubber Co Malaya Bhd (XKLS:2453) Piotroski F-Score : 7 (As of Dec. 11, 2024)


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What is Kluang Rubber Co Malaya Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Kluang Rubber Co Malaya Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:2453' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kluang Rubber Co Malaya Bhd was 7. The lowest was 2. And the median was 5.


Kluang Rubber Co Malaya Bhd Piotroski F-Score Historical Data

The historical data trend for Kluang Rubber Co Malaya 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.

Kluang Rubber Co Malaya Bhd Piotroski F-Score Chart

Kluang Rubber Co Malaya Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 6.00 5.00 4.00

Kluang Rubber Co Malaya Bhd Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.00 7.00 7.00 4.00 7.00

Competitive Comparison of Kluang Rubber Co Malaya Bhd's Piotroski F-Score

For the Farm Products subindustry, Kluang Rubber Co Malaya 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.


Kluang Rubber Co Malaya Bhd's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kluang Rubber Co Malaya Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kluang Rubber Co Malaya 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 9.978 + 3.24 + 4.703 + 14.677 = RM32.60 Mil.
Cash Flow from Operations was 2.015 + -3.976 + -3.833 + 2.677 = RM-3.12 Mil.
Revenue was 12.892 + 10.22 + 19.857 + 21.448 = RM64.42 Mil.
Gross Profit was 7.446 + 6.342 + 15.359 + 17.602 = RM46.75 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1324.251 + 1340.582 + 1368.388 + 1499.443 + 1433.533) / 5 = RM1393.2394 Mil.
Total Assets at the begining of this year (Sep23) was RM1,324.25 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.40 Mil.
Total Current Assets was RM321.95 Mil.
Total Current Liabilities was RM7.63 Mil.
Net Income was 8.699 + 3.908 + 12.589 + 1.817 = RM27.01 Mil.

Revenue was 11.816 + 8.085 + 17.138 + 19.697 = RM56.74 Mil.
Gross Profit was 3.529 + 3.558 + 12.726 + 15.838 = RM35.65 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1249.274 + 1248.82 + 1242.686 + 1315.399 + 1324.251) / 5 = RM1276.086 Mil.
Total Assets at the begining of last year (Sep22) was RM1,249.27 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.52 Mil.
Total Current Assets was RM311.86 Mil.
Total Current Liabilities was RM7.80 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.

Kluang Rubber Co Malaya Bhd's current Net Income (TTM) was 32.60. ==> 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.

Kluang Rubber Co Malaya Bhd's current Cash Flow from Operations (TTM) was -3.12. ==> 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 (Sep23)
=32.598/1324.251
=0.02461618

ROA (Last Year)=Net Income/Total Assets (Sep22)
=27.013/1249.274
=0.02162296

Kluang Rubber Co Malaya Bhd's return on assets of this year was 0.02461618. Kluang Rubber Co Malaya Bhd's return on assets of last year was 0.02162296. ==> 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.

Kluang Rubber Co Malaya Bhd's current Net Income (TTM) was 32.60. Kluang Rubber Co Malaya Bhd's current Cash Flow from Operations (TTM) was -3.12. ==> -3.12 <= 32.60 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=2.396/1393.2394
=0.00171973

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2.524/1276.086
=0.00197792

Kluang Rubber Co Malaya Bhd's gearing of this year was 0.00171973. Kluang Rubber Co Malaya Bhd's gearing of last year was 0.00197792. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=321.946/7.632
=42.18370021

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=311.857/7.796
=40.00218061

Kluang Rubber Co Malaya Bhd's current ratio of this year was 42.18370021. Kluang Rubber Co Malaya Bhd's current ratio of last year was 40.00218061. ==> 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.

Kluang Rubber Co Malaya Bhd's number of shares in issue this year was 62.167. Kluang Rubber Co Malaya Bhd's number of shares in issue last year was 62.167. ==> 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
=46.749/64.417
=0.72572458

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=35.651/56.736
=0.62836647

Kluang Rubber Co Malaya Bhd's gross margin of this year was 0.72572458. Kluang Rubber Co Malaya Bhd's gross margin of last year was 0.62836647. ==> 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 (Sep23)
=64.417/1324.251
=0.0486441

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=56.736/1249.274
=0.04541518

Kluang Rubber Co Malaya Bhd's asset turnover of this year was 0.0486441. Kluang Rubber Co Malaya Bhd's asset turnover of last year was 0.04541518. ==> 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+0+1+0+1+1+1+1+1
=7

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

Kluang Rubber Co Malaya Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Kluang Rubber Co Malaya Bhd  (XKLS:2453) 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.


Kluang Rubber Co Malaya Bhd Piotroski F-Score Related Terms

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Kluang Rubber Co Malaya Bhd Business Description

Traded in Other Exchanges
N/A
Address
Batu 2 Jalan Mengkibol, Kluang Estate, P.O. Box 64, Kluang, JHR, MYS, 86007
Kluang Rubber Co Malaya Bhd is an investment holding company. It has two reportable segments: Plantation and Investments. Its Plantation segment is engaged in the cultivation of oil palm. The Investments segment is engaged in the long-term portfolio investment in securities, deposits with banks, and investment properties. It generates maximum revenue from the Plantation segment. Geographically, it derives a majority of its revenue from Malaysia and also has its presence in Singapore, Hong Kong, United Kingdom, Cayman Islands and Australia.

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