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Pecca Group Bhd (XKLS:5271) Piotroski F-Score : 7 (As of Apr. 07, 2025)


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What is Pecca Group 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

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

XKLS:5271' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 10 years, the highest Piotroski F-Score of Pecca Group Bhd was 8. The lowest was 4. And the median was 6.


Pecca Group Bhd Piotroski F-Score Historical Data

The historical data trend for Pecca 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.

Pecca Group Bhd Piotroski F-Score Chart

Pecca Group 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 4.00 6.00 4.00 7.00 8.00

Pecca Group Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 8.00 8.00 7.00

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

For the Auto Parts subindustry, Pecca 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.


Pecca Group Bhd's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pecca Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pecca Group 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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 14.05 + 14.551 + 14.581 + 15.332 = RM58.5 Mil.
Cash Flow from Operations was 9.941 + 14.414 + 13.604 + 15.231 = RM53.2 Mil.
Revenue was 59.525 + 54.216 + 55.911 + 62.645 = RM232.3 Mil.
Gross Profit was 25.061 + 23.369 + 24.07 + 27.26 = RM99.8 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(280.13 + 277.056 + 288.649 + 262.918 + 247.659) / 5 = RM271.2824 Mil.
Total Assets at the begining of this year (Dec23) was RM280.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.2 Mil.
Total Current Assets was RM181.2 Mil.
Total Current Liabilities was RM33.8 Mil.
Net Income was 8.562 + 10.084 + 13.013 + 13.38 = RM45.0 Mil.

Revenue was 58.583 + 54.329 + 64.046 + 64.758 = RM241.7 Mil.
Gross Profit was 17.345 + 18.986 + 23.711 + 23.809 = RM83.9 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(244.167 + 239.943 + 264.036 + 267.049 + 280.13) / 5 = RM259.065 Mil.
Total Assets at the begining of last year (Dec22) was RM244.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.0 Mil.
Total Current Assets was RM214.4 Mil.
Total Current Liabilities was RM45.6 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.

Pecca Group Bhd's current Net Income (TTM) was 58.5. ==> 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.

Pecca Group Bhd's current Cash Flow from Operations (TTM) was 53.2. ==> 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 (Dec23)
=58.514/280.13
=0.20888159

ROA (Last Year)=Net Income/Total Assets (Dec22)
=45.039/244.167
=0.18445982

Pecca Group Bhd's return on assets of this year was 0.20888159. Pecca Group Bhd's return on assets of last year was 0.18445982. ==> 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.

Pecca Group Bhd's current Net Income (TTM) was 58.5. Pecca Group Bhd's current Cash Flow from Operations (TTM) was 53.2. ==> 53.2 <= 58.5 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4.203/271.2824
=0.01549308

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=5.022/259.065
=0.0193851

Pecca Group Bhd's gearing of this year was 0.01549308. Pecca Group Bhd's gearing of last year was 0.0193851. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=181.217/33.813
=5.3593884

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=214.394/45.583
=4.70337626

Pecca Group Bhd's current ratio of this year was 5.3593884. Pecca Group Bhd's current ratio of last year was 4.70337626. ==> 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.

Pecca Group Bhd's number of shares in issue this year was 729.867. Pecca Group Bhd's number of shares in issue last year was 751.685. ==> 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
=99.76/232.297
=0.42945023

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=83.851/241.716
=0.34689884

Pecca Group Bhd's gross margin of this year was 0.42945023. Pecca Group Bhd's gross margin of last year was 0.34689884. ==> 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 (Dec23)
=232.297/280.13
=0.82924714

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=241.716/244.167
=0.98996179

Pecca Group Bhd's asset turnover of this year was 0.82924714. Pecca Group Bhd's asset turnover of last year was 0.98996179. ==> 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+1+1+1+0
=7

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

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

Pecca Group Bhd  (XKLS:5271) 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.


Pecca Group Bhd Piotroski F-Score Related Terms

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Pecca Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Jalan Perindustrian Desa Aman 1A, Industri Desa Aman, Kepong, Kuala Lumpur, SGR, MYS, 522200
Pecca Group Bhd is an investment holding company. The company through its subsidiaries is engaged in styling, manufacturing, distributing, and installing leather upholstery for car seat covers and aircraft leather seat covers. It also supplies leather-cut pieces. It operates in the Automotive and Non-Automotive segments. It is geographically focused in Malaysia and exports its products to Asia Pacific, Europe, North America and Oceania.

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