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Uchi Technologies Bhd (XKLS:7100) Piotroski F-Score : 6 (As of Apr. 07, 2025)


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What is Uchi Technologies 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

Uchi Technologies Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XKLS:7100' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Uchi Technologies Bhd was 8. The lowest was 3. And the median was 6.


Uchi Technologies Bhd Piotroski F-Score Historical Data

The historical data trend for Uchi Technologies 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.

Uchi Technologies Bhd Piotroski F-Score Chart

Uchi Technologies Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 5.00 6.00

Uchi Technologies 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 5.00 3.00 6.00 6.00 6.00

Competitive Comparison of Uchi Technologies Bhd's Piotroski F-Score

For the Electronic Components subindustry, Uchi Technologies 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.


Uchi Technologies Bhd's Piotroski F-Score Distribution in the Hardware Industry

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

* The bar in red indicates where Uchi Technologies 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 32.049 + 32.17 + 28.298 + 21.2 = RM113.7 Mil.
Cash Flow from Operations was 35.649 + 23.064 + 29.377 + 23.649 = RM111.7 Mil.
Revenue was 62.219 + 59.058 + 55.453 + 45.362 = RM222.1 Mil.
Gross Profit was 62.219 + 59.058 + 55.453 + 45.362 = RM222.1 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(242.715 + 251.915 + 252.237 + 234.676 + 226.054) / 5 = RM241.5194 Mil.
Total Assets at the begining of this year (Dec23) was RM242.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.
Total Current Assets was RM189.1 Mil.
Total Current Liabilities was RM30.3 Mil.
Net Income was 37.8 + 28.373 + 33.416 + 35.642 = RM135.2 Mil.

Revenue was 57.432 + 57.812 + 62.887 + 64.385 = RM242.5 Mil.
Gross Profit was 57.432 + 57.812 + 62.887 + 64.385 = RM242.5 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(311.484 + 297.957 + 253.422 + 248.087 + 242.715) / 5 = RM270.733 Mil.
Total Assets at the begining of last year (Dec22) was RM311.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.
Total Current Assets was RM204.9 Mil.
Total Current Liabilities was RM39.6 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.

Uchi Technologies Bhd's current Net Income (TTM) was 113.7. ==> 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.

Uchi Technologies Bhd's current Cash Flow from Operations (TTM) was 111.7. ==> 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 (Dec23)
=113.717/242.715
=0.46852069

ROA (Last Year)=Net Income/Total Assets (Dec22)
=135.231/311.484
=0.43415071

Uchi Technologies Bhd's return on assets of this year was 0.46852069. Uchi Technologies Bhd's return on assets of last year was 0.43415071. ==> 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.

Uchi Technologies Bhd's current Net Income (TTM) was 113.7. Uchi Technologies Bhd's current Cash Flow from Operations (TTM) was 111.7. ==> 111.7 <= 113.7 ==> 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
=0/241.5194
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/270.733
=0

Uchi Technologies Bhd's gearing of this year was 0. Uchi Technologies Bhd's gearing of last year was 0. ==> 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
=189.148/30.256
=6.25158646

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=204.899/39.611
=5.17278029

Uchi Technologies Bhd's current ratio of this year was 6.25158646. Uchi Technologies Bhd's current ratio of last year was 5.17278029. ==> 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.

Uchi Technologies Bhd's number of shares in issue this year was 459.844. Uchi Technologies Bhd's number of shares in issue last year was 456.249. ==> 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
=222.092/222.092
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=242.516/242.516
=1

Uchi Technologies Bhd's gross margin of this year was 1. Uchi Technologies Bhd's gross margin of last year was 1. ==> 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 (Dec23)
=222.092/242.715
=0.91503203

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=242.516/311.484
=0.77858253

Uchi Technologies Bhd's asset turnover of this year was 0.91503203. Uchi Technologies Bhd's asset turnover of last year was 0.77858253. ==> 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+0+1
=6

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

Uchi Technologies Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Uchi Technologies Bhd  (XKLS:7100) 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.


Uchi Technologies Bhd Piotroski F-Score Related Terms

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Uchi Technologies Bhd Business Description

Traded in Other Exchanges
N/A
Address
3097, Tingkat Perusahaan 4A, Free Trade Zone, Pulau, Perai, PNG, MYS, 13600
Uchi Technologies Bhd is an original design manufacturer (ODM) specializing in the design, research and development, and manufacture of electronic control systems such as software development, hardware design, and system construction. Its operating segments are Manufacturing, Trading, and Investment holding. Manufacturing segment engages in making touchscreen advance display, high precision light measurement equipment, mixed-signal control system for centrifuge equipment, mixed-signal microprocessor-based application, system integration products and electronic modules. The trading segment involves trading of an electric module and saturated paper for PCB lamination. It earns majority of its revenue from the Manufacturing segment.

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