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KG Eco Solution Co (XKRX:151860) Piotroski F-Score : 5 (As of Apr. 17, 2025)


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What is KG Eco Solution 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

KG Eco Solution Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

XKRX:151860' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of KG Eco Solution Co was 7. The lowest was 3. And the median was 5.


KG Eco Solution Co Piotroski F-Score Historical Data

The historical data trend for KG Eco Solution 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.

KG Eco Solution Co Piotroski F-Score Chart

KG Eco Solution 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 6.00 3.00 7.00 5.00 5.00

KG Eco Solution 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 5.00 4.00 4.00 4.00 5.00

Competitive Comparison of KG Eco Solution Co's Piotroski F-Score

For the Auto Manufacturers subindustry, KG Eco Solution 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.


KG Eco Solution Co's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, KG Eco Solution Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where KG Eco Solution 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 31959.234 + 30222.145 + -7777.811 + 21864.229 = ₩76,268 Mil.
Cash Flow from Operations was 168016.251 + 34214.388 + 29527.209 + 106410.238 = ₩338,168 Mil.
Revenue was 1839976.949 + 1853817.635 + 1746944.355 + 1844122.608 = ₩7,284,862 Mil.
Gross Profit was 186093.01 + 192691.907 + 140025.446 + 179156.665 = ₩697,967 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(5841806.648 + 6031218.745 + 6223117.635 + 6059660.297 + 6213358.821) / 5 = ₩6073832.4292 Mil.
Total Assets at the begining of this year (Dec23) was ₩5,841,807 Mil.
Long-Term Debt & Capital Lease Obligation was ₩80,436 Mil.
Total Current Assets was ₩2,550,116 Mil.
Total Current Liabilities was ₩2,492,802 Mil.
Net Income was 32542.66 + 30005.391 + 17101.395 + -13249.746 = ₩66,400 Mil.

Revenue was 1932004.054 + 1919035.325 + 1820831.226 + 1592449.88 = ₩7,264,320 Mil.
Gross Profit was 234157.209 + 249641.026 + 228229.489 + 120825.081 = ₩832,853 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(5186618.783 + 5310736.191 + 5526119.612 + 5785620.903 + 5841806.648) / 5 = ₩5530180.4274 Mil.
Total Assets at the begining of last year (Dec22) was ₩5,186,619 Mil.
Long-Term Debt & Capital Lease Obligation was ₩803,775 Mil.
Total Current Assets was ₩2,364,322 Mil.
Total Current Liabilities was ₩1,573,191 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.

KG Eco Solution Co's current Net Income (TTM) was 76,268. ==> 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.

KG Eco Solution Co's current Cash Flow from Operations (TTM) was 338,168. ==> 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)
=76267.797/5841806.648
=0.01305552

ROA (Last Year)=Net Income/Total Assets (Dec22)
=66399.7/5186618.783
=0.01280212

KG Eco Solution Co's return on assets of this year was 0.01305552. KG Eco Solution Co's return on assets of last year was 0.01280212. ==> 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.

KG Eco Solution Co's current Net Income (TTM) was 76,268. KG Eco Solution Co's current Cash Flow from Operations (TTM) was 338,168. ==> 338,168 > 76,268 ==> 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
=80435.653/6073832.4292
=0.01324298

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=803775.328/5530180.4274
=0.14534342

KG Eco Solution Co's gearing of this year was 0.01324298. KG Eco Solution Co's gearing of last year was 0.14534342. ==> 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
=2550116.041/2492802.184
=1.02299174

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=2364322.325/1573191.304
=1.50288291

KG Eco Solution Co's current ratio of this year was 1.02299174. KG Eco Solution Co's current ratio of last year was 1.50288291. ==> 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.

KG Eco Solution Co's number of shares in issue this year was 42.167. KG Eco Solution Co's number of shares in issue last year was 36.01. ==> 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
=697967.028/7284861.547
=0.09581061

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=832852.805/7264320.485
=0.11464979

KG Eco Solution Co's gross margin of this year was 0.09581061. KG Eco Solution Co's gross margin of last year was 0.11464979. ==> 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 (Dec23)
=7284861.547/5841806.648
=1.24702202

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=7264320.485/5186618.783
=1.40058886

KG Eco Solution Co's asset turnover of this year was 1.24702202. KG Eco Solution Co's asset turnover of last year was 1.40058886. ==> 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
=1+1+1+1+1+0+0+0+0
=5

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

KG Eco Solution Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

KG Eco Solution Co  (XKRX:151860) 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.


KG Eco Solution Co Piotroski F-Score Related Terms

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KG Eco Solution Co Business Description

Traded in Other Exchanges
N/A
Address
59, Chodong Nonggongdanji-gil, Chodong-myeon, Gyeongsangnam-do, Miryang-si, KOR
KG Eco Solution Co Ltd is a company that operates and is divided into three sectors which are bioenergy, steel and port industry, and automobile manufacturing. The company's main business is manufacturing and selling CNG buses, electric low-floor buses, and electric high-floor buses.

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