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Douzone Bizon Co (XKRX:012510) Piotroski F-Score : 7 (As of Mar. 26, 2025)


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What is Douzone Bizon Co 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

Douzone Bizon Co 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 Douzone Bizon Co's Piotroski F-Score or its related term are showing as below:

XKRX:012510' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Douzone Bizon Co was 9. The lowest was 4. And the median was 7.


Douzone Bizon Co Piotroski F-Score Historical Data

The historical data trend for Douzone Bizon Co'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.

Douzone Bizon Co Piotroski F-Score Chart

Douzone Bizon Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 4.00 4.00 8.00

Douzone Bizon Co 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 8.00 8.00 7.00 7.00

Competitive Comparison of Douzone Bizon Co's Piotroski F-Score

For the Software - Application subindustry, Douzone Bizon Co'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.


Douzone Bizon Co's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Douzone Bizon Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Douzone Bizon Co'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 26861.068 + 15906.818 + 11111.394 + 11431.795 = ₩65,311 Mil.
Cash Flow from Operations was 24891.72 + 24987.948 + 23659.193 + 14601.202 = ₩88,140 Mil.
Revenue was 102495.146 + 94412.732 + 99422.528 + 97036.467 = ₩393,367 Mil.
Gross Profit was 47375.514 + 42154.429 + 44163.84 + 43218.905 = ₩176,913 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(846949.286 + 883327.56 + 985787.443 + 989520.032 + 995245.005) / 5 = ₩940165.8652 Mil.
Total Assets at the begining of this year (Sep23) was ₩846,949 Mil.
Long-Term Debt & Capital Lease Obligation was ₩259,440 Mil.
Total Current Assets was ₩170,917 Mil.
Total Current Liabilities was ₩177,240 Mil.
Net Income was -1074.947 + 2989.017 + 2869.239 + 2442.171 = ₩7,225 Mil.

Revenue was 76322.363 + 81398.259 + 84956.031 + 84713.191 = ₩327,390 Mil.
Gross Profit was 26542.287 + 33809.493 + 36132.983 + 35462.268 = ₩131,947 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(846737.102 + 832892.726 + 827787.283 + 839850.621 + 846949.286) / 5 = ₩838843.4036 Mil.
Total Assets at the begining of last year (Sep22) was ₩846,737 Mil.
Long-Term Debt & Capital Lease Obligation was ₩4,520 Mil.
Total Current Assets was ₩143,084 Mil.
Total Current Liabilities was ₩405,278 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.

Douzone Bizon Co's current Net Income (TTM) was 65,311. ==> 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.

Douzone Bizon Co's current Cash Flow from Operations (TTM) was 88,140. ==> 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 (Sep23)
=65311.075/846949.286
=0.07711332

ROA (Last Year)=Net Income/Total Assets (Sep22)
=7225.48/846737.102
=0.00853332

Douzone Bizon Co's return on assets of this year was 0.07711332. Douzone Bizon Co's return on assets of last year was 0.00853332. ==> 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.

Douzone Bizon Co's current Net Income (TTM) was 65,311. Douzone Bizon Co's current Cash Flow from Operations (TTM) was 88,140. ==> 88,140 > 65,311 ==> CFROA > ROA ==> Score 1.

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
=259440.391/940165.8652
=0.27595172

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=4520.016/838843.4036
=0.00538839

Douzone Bizon Co's gearing of this year was 0.27595172. Douzone Bizon Co's gearing of last year was 0.00538839. ==> Last year is lower than this year ==> Score 0.

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
=170917.033/177240.22
=0.9643242

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=143084.278/405277.77
=0.35305237

Douzone Bizon Co's current ratio of this year was 0.9643242. Douzone Bizon Co's current ratio of last year was 0.35305237. ==> 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.

Douzone Bizon Co's number of shares in issue this year was 29.163. Douzone Bizon Co's number of shares in issue last year was 9.429. ==> 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
=176912.688/393366.873
=0.44973967

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=131947.031/327389.844
=0.40302726

Douzone Bizon Co's gross margin of this year was 0.44973967. Douzone Bizon Co's gross margin of last year was 0.40302726. ==> 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)
=393366.873/846949.286
=0.46445151

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=327389.844/846737.102
=0.38664875

Douzone Bizon Co's asset turnover of this year was 0.46445151. Douzone Bizon Co's asset turnover of last year was 0.38664875. ==> 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+1+0+1+0+1+1
=7

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

Douzone Bizon Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Douzone Bizon Co  (XKRX:012510) 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.


Douzone Bizon Co Piotroski F-Score Related Terms

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Douzone Bizon Co Business Description

Traded in Other Exchanges
N/A
Address
Road: 29, Euljiro-ro, Duzon Tower: 87 Euljiro, 1-ga, Chuncheon-si, Gangwon-do, KOR, 200-915
Douzone Bizon Co Ltd is a player in the software industry. Its major product is enterprise resource planning available in variants such as lite ERP, standard ERP, extended ERP and financial ERP, construction-use ERP and security solutions. It also caters to the banking industry with electronic banking software used for billing and taxation purposes.

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