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GC Cell (XKRX:144510) Piotroski F-Score : 2 (As of May. 27, 2024)


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What is GC Cell Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 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

GC Cell has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

XKRX:144510' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 2

During the past 11 years, the highest Piotroski F-Score of GC Cell was 8. The lowest was 2. And the median was 5.


GC Cell Piotroski F-Score Historical Data

The historical data trend for GC Cell'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.

GC Cell Piotroski F-Score Chart

GC Cell 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 5.00 5.00 3.00

GC Cell 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 4.00 3.00 3.00 3.00 2.00

Competitive Comparison of GC Cell's Piotroski F-Score

For the Diagnostics & Research subindustry, GC Cell'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.


GC Cell's Piotroski F-Score Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, GC Cell's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where GC Cell'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 -2262.06 + 2947.65 + 1982.555 + -9470.605 = ₩-6,802 Mil.
Cash Flow from Operations was 3580.194 + 6900.788 + -2457.758 + -4523.048 = ₩3,500 Mil.
Revenue was 47585.569 + 45437.79 + 52516.198 + 41083.52 = ₩186,623 Mil.
Gross Profit was 12894.941 + 10985.593 + 18584.424 + 8204.266 = ₩50,669 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(664991.417 + 652326.519 + 655839.679 + 665173.377 + 661905.75) / 5 = ₩660047.3484 Mil.
Total Assets at the begining of this year (Mar23) was ₩664,991 Mil.
Long-Term Debt & Capital Lease Obligation was ₩39,942 Mil.
Total Current Assets was ₩67,033 Mil.
Total Current Liabilities was ₩84,843 Mil.
Net Income was 3380.865 + 5625.284 + -8656.132 + -2842.154 = ₩-2,492 Mil.

Revenue was 55720.969 + 49545.071 + 47056.688 + 42004.633 = ₩194,327 Mil.
Gross Profit was 18342.5 + 20054.192 + 11629.981 + 12670.426 = ₩62,697 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(678550.146 + 675829.707 + 681718.881 + 676530.629 + 664991.417) / 5 = ₩675524.156 Mil.
Total Assets at the begining of last year (Mar22) was ₩678,550 Mil.
Long-Term Debt & Capital Lease Obligation was ₩31,649 Mil.
Total Current Assets was ₩76,612 Mil.
Total Current Liabilities was ₩82,847 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.

GC Cell's current Net Income (TTM) was -6,802. ==> 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.

GC Cell's current Cash Flow from Operations (TTM) was 3,500. ==> 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 (Mar23)
=-6802.46/664991.417
=-0.0102294

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-2492.137/678550.146
=-0.00367274

GC Cell's return on assets of this year was -0.0102294. GC Cell's return on assets of last year was -0.00367274. ==> 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.

GC Cell's current Net Income (TTM) was -6,802. GC Cell's current Cash Flow from Operations (TTM) was 3,500. ==> 3,500 > -6,802 ==> 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
=39942.192/660047.3484
=0.06051413

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=31648.818/675524.156
=0.04685076

GC Cell's gearing of this year was 0.06051413. GC Cell's gearing of last year was 0.04685076. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=67032.846/84843.241
=0.7900788

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=76611.688/82847.276
=0.92473394

GC Cell's current ratio of this year was 0.7900788. GC Cell's current ratio of last year was 0.92473394. ==> 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.

GC Cell's number of shares in issue this year was 15.033. GC Cell's number of shares in issue last year was 14.959. ==> 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
=50669.224/186623.077
=0.27150567

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=62697.099/194327.361
=0.3226365

GC Cell's gross margin of this year was 0.27150567. GC Cell's gross margin of last year was 0.3226365. ==> 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)
=186623.077/664991.417
=0.28063983

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=194327.361/678550.146
=0.28638615

GC Cell's asset turnover of this year was 0.28063983. GC Cell's asset turnover of last year was 0.28638615. ==> 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+0+0
=2

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

GC Cell has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

GC Cell  (XKRX:144510) 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.


GC Cell Piotroski F-Score Related Terms

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GC Cell (XKRX:144510) Business Description

Traded in Other Exchanges
N/A
Address
30 beongil to giheung-gu, Gyeonggi, 107 Lee Hyun, Yongin, KOR, 16 924
GC Cell Corp engages in the provision of anti-cancer immunotherapy. The company is developing an anticancer drug, which is in Phase II clinical trials; and stem cell treatment drugs. It also provides cell banking, sample inspection, clinical trial, and bio logistics services.

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