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Okins Electronics Co (XKRX:080580) Piotroski F-Score : 6 (As of Apr. 17, 2025)


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What is Okins Electronics 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

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

XKRX:080580' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 6

During the past 12 years, the highest Piotroski F-Score of Okins Electronics Co was 7. The lowest was 2. And the median was 6.


Okins Electronics Co Piotroski F-Score Historical Data

The historical data trend for Okins Electronics 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.

Okins Electronics Co Piotroski F-Score Chart

Okins Electronics 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 7.00 6.00 4.00 6.00

Okins Electronics 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 4.00 4.00 7.00 4.00 6.00

Competitive Comparison of Okins Electronics Co's Piotroski F-Score

For the Semiconductor Equipment & Materials subindustry, Okins Electronics 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.


Okins Electronics Co's Piotroski F-Score Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Okins Electronics Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Okins Electronics 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 158.831 + -169.107 + -1751.655 + -3656.05 = ₩-5,418 Mil.
Cash Flow from Operations was 1321.336 + 3080.547 + 1627.971 + 4584.585 = ₩10,614 Mil.
Revenue was 15582.503 + 16067.952 + 17126.475 + 17902.748 = ₩66,680 Mil.
Gross Profit was 3265.52 + 4170.855 + 2714.078 + 3605.313 = ₩13,756 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(91450.413 + 94764.986 + 90713.832 + 89126.259 + 87124.14) / 5 = ₩90635.926 Mil.
Total Assets at the begining of this year (Dec23) was ₩91,450 Mil.
Long-Term Debt & Capital Lease Obligation was ₩8,203 Mil.
Total Current Assets was ₩33,861 Mil.
Total Current Liabilities was ₩46,490 Mil.
Net Income was 190.548 + -876.446 + 64.248 + 1645.582 = ₩1,024 Mil.

Revenue was 12280.26 + 12564.835 + 13355.511 + 18649.47 = ₩56,850 Mil.
Gross Profit was 2932.739 + 2761.015 + 3085.554 + 2055.503 = ₩10,835 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(82559.436 + 87526.4 + 85748.612 + 96344.708 + 91450.413) / 5 = ₩88725.9138 Mil.
Total Assets at the begining of last year (Dec22) was ₩82,559 Mil.
Long-Term Debt & Capital Lease Obligation was ₩22,525 Mil.
Total Current Assets was ₩41,168 Mil.
Total Current Liabilities was ₩29,453 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.

Okins Electronics Co's current Net Income (TTM) was -5,418. ==> 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.

Okins Electronics Co's current Cash Flow from Operations (TTM) was 10,614. ==> 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)
=-5417.981/91450.413
=-0.05924501

ROA (Last Year)=Net Income/Total Assets (Dec22)
=1023.932/82559.436
=0.01240236

Okins Electronics Co's return on assets of this year was -0.05924501. Okins Electronics Co's return on assets of last year was 0.01240236. ==> 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.

Okins Electronics Co's current Net Income (TTM) was -5,418. Okins Electronics Co's current Cash Flow from Operations (TTM) was 10,614. ==> 10,614 > -5,418 ==> 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
=8203.109/90635.926
=0.09050615

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=22524.782/88725.9138
=0.25386926

Okins Electronics Co's gearing of this year was 0.09050615. Okins Electronics Co's gearing of last year was 0.25386926. ==> 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
=33861.005/46490.413
=0.72834382

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=41167.925/29453.421
=1.39772983

Okins Electronics Co's current ratio of this year was 0.72834382. Okins Electronics Co's current ratio of last year was 1.39772983. ==> 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.

Okins Electronics Co's number of shares in issue this year was 16.978. Okins Electronics Co's number of shares in issue last year was 17.615. ==> 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
=13755.766/66679.678
=0.20629623

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10834.811/56850.076
=0.19058569

Okins Electronics Co's gross margin of this year was 0.20629623. Okins Electronics Co's gross margin of last year was 0.19058569. ==> 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)
=66679.678/91450.413
=0.72913479

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=56850.076/82559.436
=0.68859574

Okins Electronics Co's asset turnover of this year was 0.72913479. Okins Electronics Co's asset turnover of last year was 0.68859574. ==> 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+1+0+1+1+0+1+1+1
=6

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

Okins Electronics Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Okins Electronics Co  (XKRX:080580) 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.


Okins Electronics Co Piotroski F-Score Related Terms

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Okins Electronics Co Business Description

Traded in Other Exchanges
N/A
Address
13, Ojeongongeop-gil, 5th Floor, Gyeonggi-do, Uiwang-si, KOR, 16072
Okins Electronics Co Ltd is a supplier of the device interface system. The company manufactures BiTS products for the applications to support device contacts for both memory and logic products. The business units of the organization include BiTS BU, Semiconductor BU and MEMS BU. The product line of the BiTS BU includes burn-in socket, test socket, memory module test socket, SSD module socket, spring probes and PION. Its semiconductor test service offers IC testing services for fabless design houses on test development and volume operation of wafer probing and package testing. The MEMS division is a solution-oriented department for manufacturing sockets for testing fine pitch packages.

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