GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hansol Chemical Co Ltd (XKRX:014680) » Definitions » Piotroski F-Score

Hansol Chemical Co (XKRX:014680) Piotroski F-Score : 4 (As of Apr. 26, 2024)


View and export this data going back to 1989. Start your Free Trial

What is Hansol Chemical Co 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

Hansol Chemical Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Hansol Chemical Co's Piotroski F-Score or its related term are showing as below:

XKRX:014680' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Hansol Chemical Co was 7. The lowest was 4. And the median was 6.


Hansol Chemical Co Piotroski F-Score Historical Data

The historical data trend for Hansol Chemical 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.

Hansol Chemical Co Piotroski F-Score Chart

Hansol Chemical 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 7.00 7.00 7.00 5.00 4.00

Hansol Chemical Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.00 5.00 4.00 4.00

Competitive Comparison of Hansol Chemical Co's Piotroski F-Score

For the Chemicals subindustry, Hansol Chemical 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.


Hansol Chemical Co's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hansol Chemical Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hansol Chemical 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 28100.584 + 28976.848 + 29618.473 + 18650.301 = ₩105,346 Mil.
Cash Flow from Operations was 24335.01 + 52946.707 + 35196.733 + 31634.113 = ₩144,113 Mil.
Revenue was 197252.841 + 194652.257 + 188272.85 + 191476.694 = ₩771,655 Mil.
Gross Profit was 52674.538 + 51333.444 + 55238.435 + 45713.69 = ₩204,960 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1253310.603 + 1279734.317 + 1293933.275 + 1354235.069 + 1350979.663) / 5 = ₩1306438.5854 Mil.
Total Assets at the begining of this year (Dec22) was ₩1,253,311 Mil.
Long-Term Debt & Capital Lease Obligation was ₩154,853 Mil.
Total Current Assets was ₩367,415 Mil.
Total Current Liabilities was ₩247,817 Mil.
Net Income was 40953.442 + 45826.851 + 33989.869 + 34356.596 = ₩155,127 Mil.

Revenue was 222228.145 + 230685.166 + 216016.146 + 216541.335 = ₩885,471 Mil.
Gross Profit was 71203.352 + 79100.941 + 64588.328 + 50789.479 = ₩265,682 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1197174.769 + 1186815.246 + 1231236.586 + 1235533.074 + 1253310.603) / 5 = ₩1220814.0556 Mil.
Total Assets at the begining of last year (Dec21) was ₩1,197,175 Mil.
Long-Term Debt & Capital Lease Obligation was ₩234,664 Mil.
Total Current Assets was ₩386,120 Mil.
Total Current Liabilities was ₩153,670 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.

Hansol Chemical Co's current Net Income (TTM) was 105,346. ==> 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.

Hansol Chemical Co's current Cash Flow from Operations (TTM) was 144,113. ==> 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 (Dec22)
=105346.206/1253310.603
=0.08405435

ROA (Last Year)=Net Income/Total Assets (Dec21)
=155126.758/1197174.769
=0.12957737

Hansol Chemical Co's return on assets of this year was 0.08405435. Hansol Chemical Co's return on assets of last year was 0.12957737. ==> Last year is higher ==> Score 0.

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.

Hansol Chemical Co's current Net Income (TTM) was 105,346. Hansol Chemical Co's current Cash Flow from Operations (TTM) was 144,113. ==> 144,113 > 105,346 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=154852.676/1306438.5854
=0.11853039

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=234663.891/1220814.0556
=0.19221919

Hansol Chemical Co's gearing of this year was 0.11853039. Hansol Chemical Co's gearing of last year was 0.19221919. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=367414.634/247816.973
=1.4826048

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=386120.253/153669.79
=2.51266207

Hansol Chemical Co's current ratio of this year was 1.4826048. Hansol Chemical Co's current ratio of last year was 2.51266207. ==> Last year's current ratio is higher ==> Score 0.

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.

Hansol Chemical Co's number of shares in issue this year was 10.956. Hansol Chemical Co's number of shares in issue last year was 10.949. ==> 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
=204960.107/771654.642
=0.26561119

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=265682.1/885470.792
=0.30004615

Hansol Chemical Co's gross margin of this year was 0.26561119. Hansol Chemical Co's gross margin of last year was 0.30004615. ==> 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 (Dec22)
=771654.642/1253310.603
=0.61569306

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=885470.792/1197174.769
=0.73963369

Hansol Chemical Co's asset turnover of this year was 0.61569306. Hansol Chemical Co's asset turnover of last year was 0.73963369. ==> 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+0+1+1+0+0+0+0
=4

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

Hansol Chemical Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Hansol Chemical Co  (XKRX:014680) 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.


Hansol Chemical Co Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Hansol Chemical Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Hansol Chemical Co (XKRX:014680) Business Description

Traded in Other Exchanges
N/A
Address
8th Floor, Joongangilbo Building, 8-2 Garakbon-dong, Seoul, KOR, 138-716
Hansol Chemical Co Ltd manufactures and distributes chemicals in Korea. Its core product is hydrogen peroxide which is used by the paper, textile, latex and semiconductor industries. It also produces sodium dithionites, which are used as bleaching agents in the textile industry for vat dyeing reduction cleaning, printing, and stripping. Apart from its main operation, the company also manufactures electronic materials including curable adhesives, conformal coating materials, and black side sealing resins.

Hansol Chemical Co (XKRX:014680) Headlines

No Headlines