GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AHA Co Ltd (XKRX:102950) » Definitions » Piotroski F-Score

AHA Co (XKRX:102950) Piotroski F-Score : 0 (As of May. 22, 2024)


View and export this data going back to 2022. Start your Free Trial

What is AHA 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

AHA Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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


AHA Co Piotroski F-Score Historical Data

The historical data trend for AHA 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.

AHA Co Piotroski F-Score Chart

AHA Co Annual Data
Trend Mar21 Mar22 Mar23
Piotroski F-Score
N/A N/A 3.00

AHA Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A 3.00

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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 1057.26 + 1235.373 + 550.357 + -4152.078 = ₩-1,309 Mil.
Cash Flow from Operations was -9862.18 + -372.32 + 2273.953 + 12009.487 = ₩4,049 Mil.
Revenue was 13422.756 + 26916.863 + 18562.906 + 19651.69 = ₩78,554 Mil.
Gross Profit was 6060.241 + 9929.486 + 7285.228 + 4165.951 = ₩27,441 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was
(77086.475 + 85873.681 + 95315.06 + 94646.2 + 89283.367) / 5 = ₩88440.9566 Mil.
Total Assets at the begining of this year (Mar22) was ₩77,086 Mil.
Long-Term Debt & Capital Lease Obligation was ₩13,248 Mil.
Total Current Assets was ₩50,313 Mil.
Total Current Liabilities was ₩41,629 Mil.
Net Income was 1536.319 + 1087.856 + 1182.722 + -1578.621 = ₩2,228 Mil.

Revenue was 11087.989 + 18407.778 + 18310.516 + 25320.805 = ₩73,127 Mil.
Gross Profit was 4640.865 + 5985.81 + 6690.97 + 5651.689 = ₩22,969 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was
(68147.469 + 0 + 72245.019 + 79739.33 + 77086.475) / 5 = ₩74304.57325 Mil.
Total Assets at the begining of last year (Mar21) was ₩68,147 Mil.
Long-Term Debt & Capital Lease Obligation was ₩10,864 Mil.
Total Current Assets was ₩48,159 Mil.
Total Current Liabilities was ₩28,782 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.

AHA Co's current Net Income (TTM) was -1,309. ==> 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.

AHA Co's current Cash Flow from Operations (TTM) was 4,049. ==> 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 (Mar22)
=-1309.088/77086.475
=-0.01698207

ROA (Last Year)=Net Income/Total Assets (Mar21)
=2228.276/68147.469
=0.03269785

AHA Co's return on assets of this year was -0.01698207. AHA Co's return on assets of last year was 0.03269785. ==> 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.

AHA Co's current Net Income (TTM) was -1,309. AHA Co's current Cash Flow from Operations (TTM) was 4,049. ==> 4,049 > -1,309 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=13248.493/88440.9566
=0.14980043

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=10864.21/74304.57325
=0.14621186

AHA Co's gearing of this year was 0.14980043. AHA Co's gearing of last year was 0.14621186. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=50312.975/41628.611
=1.20861527

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=48158.98/28782.028
=1.67323095

AHA Co's current ratio of this year was 1.20861527. AHA Co's current ratio of last year was 1.67323095. ==> 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.

AHA Co's number of shares in issue this year was 17.215. AHA Co's number of shares in issue last year was 14.365. ==> 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
=27440.906/78554.215
=0.34932443

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22969.334/73127.088
=0.31410158

AHA Co's gross margin of this year was 0.34932443. AHA Co's gross margin of last year was 0.31410158. ==> 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 (Mar22)
=78554.215/77086.475
=1.01904018

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=73127.088/68147.469
=1.07307122

AHA Co's asset turnover of this year was 1.01904018. AHA Co's asset turnover of last year was 1.07307122. ==> 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
=0+1+0+1+0+0+0+1+0
=3

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

AHA Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

AHA Co  (XKRX:102950) 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.


AHA Co Piotroski F-Score Related Terms

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


AHA Co (XKRX:102950) Business Description

Traded in Other Exchanges
N/A
Address
67, Hwanggeum-ro 109beon-gil, Yangchon-eup, Gyeonggi-do, Gimpo-si, KOR
AHA Co Ltd is mainly engaged in the healthcare business including air sterilization purifiers, edutech business including electronic blackboard and electronic lecture tables, and electric vehicle charger business. It develops and manufactures the IFPD, air sterilization purifiers, smart podiums, digital signage, and smart table.

AHA Co (XKRX:102950) Headlines

No Headlines