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Sapien Semiconductors (XKRX:452430) Piotroski F-Score : N/A (As of Jul. 19, 2025)


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What is Sapien Semiconductors 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

Sapien Semiconductors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

During the past 4 years, the highest Piotroski F-Score of Sapien Semiconductors was 4. The lowest was 4. And the median was 4.


Sapien Semiconductors Piotroski F-Score Historical Data

The historical data trend for Sapien Semiconductors'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.

Sapien Semiconductors Piotroski F-Score Chart

Sapien Semiconductors Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A N/A 4.00

Sapien Semiconductors Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A 4.00 N/A

Competitive Comparison of Sapien Semiconductors's Piotroski F-Score

For the Semiconductor Equipment & Materials subindustry, Sapien Semiconductors'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.


Sapien Semiconductors's Piotroski F-Score Distribution in the Semiconductors Industry

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

* The bar in red indicates where Sapien Semiconductors'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -1598.969 + -827.85 + 589.242 + -1698.72 = ₩-3,536 Mil.
Cash Flow from Operations was 4025.31 + -644.035 + -686.883 + 1933.455 = ₩4,628 Mil.
Revenue was 172.432 + 1050.612 + 6687.212 + 1648.11 = ₩9,558 Mil.
Gross Profit was 40.492 + 244.48 + 1156.524 + 274.463 = ₩1,716 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(36873.197 + 27588.702 + 26864.115 + 31243.152 + 28476.692) / 5 = ₩30209.1716 Mil.
Total Assets at the begining of this year (Mar24) was ₩36,873 Mil.
Long-Term Debt & Capital Lease Obligation was ₩9,321 Mil.
Total Current Assets was ₩12,270 Mil.
Total Current Liabilities was ₩3,399 Mil.
Net Income was -7385.943 + -1499.496 + -2941.082 + -16371.187 = ₩-28,198 Mil.

Revenue was 1513.813 + 50.347 + 344.367 + 81.916 = ₩1,990 Mil.
Gross Profit was -436.691 + 12.909 + 185.007 + 41.82 = ₩-197 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(0 + 25294.205 + 0 + 21563.601 + 36873.197) / 5 = ₩27910.33433333 Mil.
Total Assets at the begining of last year (Mar23) was ₩0 Mil.
Long-Term Debt & Capital Lease Obligation was ₩13,396 Mil.
Total Current Assets was ₩20,742 Mil.
Total Current Liabilities was ₩10,658 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.

Sapien Semiconductors's current Net Income (TTM) was -3,536. ==> 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.

Sapien Semiconductors's current Cash Flow from Operations (TTM) was 4,628. ==> 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 (Mar24)
=-3536.297/36873.197
=-0.09590427

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-28197.708/0
=

Sapien Semiconductors's return on assets of this year was -0.09590427. Sapien Semiconductors's return on assets of last year was . ==> 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.

Sapien Semiconductors's current Net Income (TTM) was -3,536. Sapien Semiconductors's current Cash Flow from Operations (TTM) was 4,628. ==> 4,628 > -3,536 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9321.357/30209.1716
=0.3085605

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=13395.628/27910.33433333
=0.47995226

Sapien Semiconductors's gearing of this year was 0.3085605. Sapien Semiconductors's gearing of last year was 0.47995226. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=12269.914/3398.721
=3.61015629

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=20741.903/10658.074
=1.94612113

Sapien Semiconductors's current ratio of this year was 3.61015629. Sapien Semiconductors's current ratio of last year was 1.94612113. ==> This year's current ratio is higher. ==> Score 1.

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.

Sapien Semiconductors's number of shares in issue this year was 8.115. Sapien Semiconductors's number of shares in issue last year was 0. ==> 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
=1715.959/9558.366
=0.1795243

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-196.955/1990.443
=-0.09895033

Sapien Semiconductors's gross margin of this year was 0.1795243. Sapien Semiconductors's gross margin of last year was -0.09895033. ==> 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 (Mar24)
=9558.366/36873.197
=0.2592226

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1990.443/0
=

Sapien Semiconductors's asset turnover of this year was 0.2592226. Sapien Semiconductors's asset turnover of last year was . ==> 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+1+1+1+1+0+1+1
=7

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

Sapien Semiconductors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Sapien Semiconductors  (XKRX:452430) 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.


Sapien Semiconductors Piotroski F-Score Related Terms

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Sapien Semiconductors Business Description

Traded in Other Exchanges
N/A
Address
Pangyo Global Biz Center, 601-613, Building A, Changchang-ro, Sujeong-gu, Seongnam-si, KOR, 13449
Sapien Semiconductors Inc is a company fabless company specializing in display drive system semiconductor design technology. In particular, it specializes in researching and developing display driver IC products optimized for driving Micro-/Mini-LED displays, which are attracting attention as the next-generation flat display industry, and supply them to markets around the world.

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