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Ingenieur Gudang Bhd (XKLS:5178) Piotroski F-Score : 7 (As of Mar. 28, 2025)


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What is Ingenieur Gudang 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

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

XKLS:5178' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Ingenieur Gudang Bhd was 7. The lowest was 3. And the median was 5.


Ingenieur Gudang Bhd Piotroski F-Score Historical Data

The historical data trend for Ingenieur Gudang 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.

Ingenieur Gudang Bhd Piotroski F-Score Chart

Ingenieur Gudang Bhd Annual Data
Trend Dec13 Dec14 May16 May17 May18 Nov20 Nov21 Nov22 Nov23 Nov24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A 7.00 3.00 7.00

Ingenieur Gudang Bhd Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 2.00 2.00 4.00 7.00

Competitive Comparison of Ingenieur Gudang Bhd's Piotroski F-Score

For the Engineering & Construction subindustry, Ingenieur Gudang 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.


Ingenieur Gudang Bhd's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ingenieur Gudang Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ingenieur Gudang 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 1.017 + 6.48 + 3.31 + 14.481 = RM25.29 Mil.
Cash Flow from Operations was -3.259 + 4.591 + 2.887 + 0.813 = RM5.03 Mil.
Revenue was 7.435 + 12.29 + 14.884 + 14.786 = RM49.40 Mil.
Gross Profit was 2.911 + 6.267 + 4.788 + 4.401 = RM18.37 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Nov24) was
(242.007 + 244.962 + 229.955 + 227.813 + 255.075) / 5 = RM239.9624 Mil.
Total Assets at the begining of this year (Nov23) was RM242.01 Mil.
Long-Term Debt & Capital Lease Obligation was RM26.26 Mil.
Total Current Assets was RM41.05 Mil.
Total Current Liabilities was RM24.62 Mil.
Net Income was 4.001 + 0.234 + 2.794 + 10.914 = RM17.94 Mil.

Revenue was 8.366 + 4.573 + 3.379 + 4.03 = RM20.35 Mil.
Gross Profit was 2.904 + 2.055 + 1.189 + 1.159 = RM7.31 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was
(257.846 + 214.056 + 220.749 + 221.424 + 242.007) / 5 = RM231.2164 Mil.
Total Assets at the begining of last year (Nov22) was RM257.85 Mil.
Long-Term Debt & Capital Lease Obligation was RM31.45 Mil.
Total Current Assets was RM56.78 Mil.
Total Current Liabilities was RM37.41 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.

Ingenieur Gudang Bhd's current Net Income (TTM) was 25.29. ==> 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.

Ingenieur Gudang Bhd's current Cash Flow from Operations (TTM) was 5.03. ==> 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)
=25.288/242.007
=0.10449285

ROA (Last Year)=Net Income/Total Assets (Nov22)
=17.943/257.846
=0.06958805

Ingenieur Gudang Bhd's return on assets of this year was 0.10449285. Ingenieur Gudang Bhd's return on assets of last year was 0.06958805. ==> 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.

Ingenieur Gudang Bhd's current Net Income (TTM) was 25.29. Ingenieur Gudang Bhd's current Cash Flow from Operations (TTM) was 5.03. ==> 5.03 <= 25.29 ==> 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
=26.255/239.9624
=0.10941297

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=31.446/231.2164
=0.13600246

Ingenieur Gudang Bhd's gearing of this year was 0.10941297. Ingenieur Gudang Bhd's gearing of last year was 0.13600246. ==> 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: Nov24)=Total Current Assets/Total Current Liabilities
=41.052/24.616
=1.66769581

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=56.777/37.413
=1.51757411

Ingenieur Gudang Bhd's current ratio of this year was 1.66769581. Ingenieur Gudang Bhd's current ratio of last year was 1.51757411. ==> 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.

Ingenieur Gudang Bhd's number of shares in issue this year was 1516.593. Ingenieur Gudang Bhd's number of shares in issue last year was 1442.674. ==> 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
=18.367/49.395
=0.37183925

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.307/20.348
=0.35910163

Ingenieur Gudang Bhd's gross margin of this year was 0.37183925. Ingenieur Gudang Bhd's gross margin of last year was 0.35910163. ==> 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)
=49.395/242.007
=0.20410567

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=20.348/257.846
=0.07891532

Ingenieur Gudang Bhd's asset turnover of this year was 0.20410567. Ingenieur Gudang Bhd's asset turnover of last year was 0.07891532. ==> 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+1+0+1+1+0+1+1
=7

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

Ingenieur Gudang Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Ingenieur Gudang Bhd  (XKLS:5178) 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.


Ingenieur Gudang Bhd Piotroski F-Score Related Terms

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Ingenieur Gudang Bhd Business Description

Traded in Other Exchanges
N/A
Address
Taman Perindustrian UEP, Ground Floor, No.3, Jalan TP 2, Subang Jaya, Subang Jaya, SGR, MYS, 47600
Ingenieur Gudang Bhd is a Malaysia-based company involved in the construction and property investment businesses. The segments include Property investment and others, and construction. The company earns maximum revenue from the Construction segment.

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