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Seohee Construction Co (XKRX:035890) Piotroski F-Score : 9 (As of Apr. 16, 2025)


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What is Seohee Construction Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Seohee Construction Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

XKRX:035890' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 8   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Seohee Construction Co was 9. The lowest was 5. And the median was 8.


Seohee Construction Co Piotroski F-Score Historical Data

The historical data trend for Seohee Construction 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.

Seohee Construction Co Piotroski F-Score Chart

Seohee Construction Co 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 6.00 7.00 9.00

Seohee Construction Co 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 7.00 8.00 8.00 9.00 9.00

Competitive Comparison of Seohee Construction Co's Piotroski F-Score

For the Engineering & Construction subindustry, Seohee Construction 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.


Seohee Construction Co's Piotroski F-Score Distribution in the Construction Industry

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

* The bar in red indicates where Seohee Construction Co'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 67045.335 + 23075.106 + 33310.078 + 36926.513 = ₩160,357 Mil.
Cash Flow from Operations was -59274.555 + 124612.786 + -7546.346 + 184970.124 = ₩242,762 Mil.
Revenue was 364784.617 + 407558.893 + 341371.736 + 359890.977 = ₩1,473,606 Mil.
Gross Profit was 70711.802 + 74572.134 + 87233.305 + 74410.305 = ₩306,928 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1538840.694 + 1556425.711 + 1618750.309 + 1611236.918 + 1540590.467) / 5 = ₩1573168.8198 Mil.
Total Assets at the begining of this year (Dec23) was ₩1,538,841 Mil.
Long-Term Debt & Capital Lease Obligation was ₩26,932 Mil.
Total Current Assets was ₩975,403 Mil.
Total Current Liabilities was ₩460,757 Mil.
Net Income was 45718.702 + 44160.731 + 10254.415 + 41252.42 = ₩141,386 Mil.

Revenue was 311110.44 + 346278.373 + 365214.232 + 419304.704 = ₩1,441,908 Mil.
Gross Profit was 63590.056 + 52997.475 + 58822.325 + 114942.935 = ₩290,353 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1616043.504 + 1534799.79 + 1561213.013 + 1497072.706 + 1538840.694) / 5 = ₩1549593.9414 Mil.
Total Assets at the begining of last year (Dec22) was ₩1,616,044 Mil.
Long-Term Debt & Capital Lease Obligation was ₩27,946 Mil.
Total Current Assets was ₩988,687 Mil.
Total Current Liabilities was ₩590,063 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.

Seohee Construction Co's current Net Income (TTM) was 160,357. ==> 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.

Seohee Construction Co's current Cash Flow from Operations (TTM) was 242,762. ==> 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)
=160357.032/1538840.694
=0.10420639

ROA (Last Year)=Net Income/Total Assets (Dec22)
=141386.268/1616043.504
=0.08748915

Seohee Construction Co's return on assets of this year was 0.10420639. Seohee Construction Co's return on assets of last year was 0.08748915. ==> 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.

Seohee Construction Co's current Net Income (TTM) was 160,357. Seohee Construction Co's current Cash Flow from Operations (TTM) was 242,762. ==> 242,762 > 160,357 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=26932.373/1573168.8198
=0.01711982

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=27945.859/1549593.9414
=0.01803431

Seohee Construction Co's gearing of this year was 0.01711982. Seohee Construction Co's gearing of last year was 0.01803431. ==> 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
=975402.856/460756.588
=2.11695911

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=988686.977/590063.061
=1.67556155

Seohee Construction Co's current ratio of this year was 2.11695911. Seohee Construction Co's current ratio of last year was 1.67556155. ==> 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.

Seohee Construction Co's number of shares in issue this year was 195.242. Seohee Construction Co's number of shares in issue last year was 198.258. ==> 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
=306927.546/1473606.223
=0.20828329

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=290352.791/1441907.749
=0.20136711

Seohee Construction Co's gross margin of this year was 0.20828329. Seohee Construction Co's gross margin of last year was 0.20136711. ==> 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)
=1473606.223/1538840.694
=0.95760804

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1441907.749/1616043.504
=0.89224563

Seohee Construction Co's asset turnover of this year was 0.95760804. Seohee Construction Co's asset turnover of last year was 0.89224563. ==> 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+1+1+1+1+1
=9

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

Seohee Construction Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Seohee Construction Co  (XKRX:035890) 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.


Seohee Construction Co Piotroski F-Score Related Terms

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Seohee Construction Co Business Description

Traded in Other Exchanges
N/A
Address
210, Misagangbyeonjungang-ro, Gyeonggi-do, 3rd floor, Mangwol-dong, Medipia Tower, Hanam, KOR
Seohee Construction Co Ltd operates as a construction company in South Korea. It undertakes housing, enforcement, redevelopment, reconstruction, officetels, public apartment, civil engineering, and environment projects, as well as other private contracts. It also invests in environment conservation and environmental projects for the development of new and renewable energy.

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