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Nuriplan Co (XKRX:069140) Piotroski F-Score : 3 (As of Jun. 14, 2024)


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What is Nuriplan Co Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

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

XKRX:069140' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Nuriplan Co was 7. The lowest was 2. And the median was 3.


Nuriplan Co Piotroski F-Score Historical Data

The historical data trend for Nuriplan 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.

Nuriplan Co Piotroski F-Score Chart

Nuriplan 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 4.00 7.00 3.00 3.00 3.00

Nuriplan Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.00 3.00 3.00 3.00 3.00

Competitive Comparison of Nuriplan Co's Piotroski F-Score

For the Engineering & Construction subindustry, Nuriplan 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.


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

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

* The bar in red indicates where Nuriplan 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was -3372.859 + -446.927 + -18777.922 + 1502.202 = ₩-21,096 Mil.
Cash Flow from Operations was 1003.369 + 1639.396 + -3566.452 + -5358.635 = ₩-6,282 Mil.
Revenue was 37886.402 + 31685.134 + 27790.902 + 31560.874 = ₩128,923 Mil.
Gross Profit was 1679.741 + 6087.545 + -13526.714 + 7815.024 = ₩2,056 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(138343.871 + 141372.28 + 134702.716 + 151449.212 + 153830.905) / 5 = ₩143939.7968 Mil.
Total Assets at the begining of this year (Mar23) was ₩138,344 Mil.
Long-Term Debt & Capital Lease Obligation was ₩11,198 Mil.
Total Current Assets was ₩58,452 Mil.
Total Current Liabilities was ₩83,015 Mil.
Net Income was 1091.373 + 1133.23 + -11185.017 + -2628.293 = ₩-11,589 Mil.

Revenue was 32983.573 + 31191.88 + 36372.023 + 24818.997 = ₩125,366 Mil.
Gross Profit was 6891.085 + 6239.067 + 945.353 + 3151.594 = ₩17,227 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(137997.694 + 143326.672 + 143631.624 + 142476.401 + 138343.871) / 5 = ₩141155.2524 Mil.
Total Assets at the begining of last year (Mar22) was ₩137,998 Mil.
Long-Term Debt & Capital Lease Obligation was ₩12,616 Mil.
Total Current Assets was ₩75,976 Mil.
Total Current Liabilities was ₩85,477 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.

Nuriplan Co's current Net Income (TTM) was -21,096. ==> Negative ==> Score 0.

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.

Nuriplan Co's current Cash Flow from Operations (TTM) was -6,282. ==> Negative ==> Score 0.

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 (Mar23)
=-21095.506/138343.871
=-0.15248602

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-11588.707/137997.694
=-0.08397754

Nuriplan Co's return on assets of this year was -0.15248602. Nuriplan Co's return on assets of last year was -0.08397754. ==> 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.

Nuriplan Co's current Net Income (TTM) was -21,096. Nuriplan Co's current Cash Flow from Operations (TTM) was -6,282. ==> -6,282 > -21,096 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=11197.629/143939.7968
=0.07779384

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=12615.833/141155.2524
=0.08937558

Nuriplan Co's gearing of this year was 0.07779384. Nuriplan Co's gearing of last year was 0.08937558. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=58452.346/83015.068
=0.70411731

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=75976.24/85476.837
=0.8888518

Nuriplan Co's current ratio of this year was 0.70411731. Nuriplan Co's current ratio of last year was 0.8888518. ==> 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.

Nuriplan Co's number of shares in issue this year was 0. Nuriplan Co's number of shares in issue last year was 8.385. ==> 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
=2055.596/128923.312
=0.01594433

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17227.099/125366.473
=0.13741392

Nuriplan Co's gross margin of this year was 0.01594433. Nuriplan Co's gross margin of last year was 0.13741392. ==> 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 (Mar23)
=128923.312/138343.871
=0.93190476

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=125366.473/137997.694
=0.90846788

Nuriplan Co's asset turnover of this year was 0.93190476. Nuriplan Co's asset turnover of last year was 0.90846788. ==> 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
=0+0+0+1+1+0+1+0+1
=4

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

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

Nuriplan Co  (XKRX:069140) 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.


Nuriplan Co Piotroski F-Score Related Terms

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Nuriplan Co (XKRX:069140) Business Description

Traded in Other Exchanges
N/A
Address
191, Daegot-ro 202beon-gil, Daegot-myeon, Gyeonggi-do, Gimpo, KOR, 137-847
Nuriplan Co Ltd is a Korea based landscape lighting company. It operates in three business lines including cityscape lighting, cityscape facilities, and U-city. Some of the company's landscape lighting projects are N-Tower and the National Assembly Building in Seoul, the Gwangan Bridge in Busan and the Gwangju Bridge in Gwangju Metropolitan City. It designs, builds and construct design railings, fences, vehicle guard fences, and pedestrian overpasses as landscape facilities. The company carries out U-City business, EMP business and LED fluorescent lamp business as future growth engines. Its business areas are Landscape facilities, Landscape lighting, Temporary sound wall, Speaker business, New business headquarters and APPIZ new material product.

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