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Screen Holdings Co (Screen Holdings Co) Piotroski F-Score : 6 (As of May. 19, 2024)


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What is Screen Holdings 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

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

DINRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Screen Holdings Co was 8. The lowest was 2. And the median was 7.


Screen Holdings Co Piotroski F-Score Historical Data

The historical data trend for Screen Holdings 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.

Screen Holdings Co Piotroski F-Score Chart

Screen Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 7.00 7.00 6.00

Screen Holdings Co 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 7.00 5.00 4.00 5.00 6.00

Competitive Comparison of Screen Holdings Co's Piotroski F-Score

For the Semiconductor Equipment & Materials subindustry, Screen Holdings 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.


Screen Holdings Co's Piotroski F-Score Distribution in the Semiconductors Industry

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

* The bar in red indicates where Screen Holdings Co'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 66.696 + 114.437 + 126.752 + 173.423 = $481 Mil.
Cash Flow from Operations was 281.576 + 196.868 + 405.74 + -207.404 = $677 Mil.
Revenue was 705.23 + 835.808 + 865.188 + 1048.501 = $3,455 Mil.
Gross Profit was 238.034 + 317.326 + 329.167 + 364.174 = $1,249 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(4210.668 + 4327.513 + 4299.097 + 4802.284 + 4517.517) / 5 = $4431.4158 Mil.
Total Assets at the begining of this year (Mar23) was $4,211 Mil.
Long-Term Debt & Capital Lease Obligation was $34 Mil.
Total Current Assets was $3,295 Mil.
Total Current Liabilities was $1,909 Mil.
Net Income was 120.116 + 94.916 + 90.057 + 117.084 = $422 Mil.

Revenue was 760.112 + 813.613 + 866.021 + 939.6 = $3,379 Mil.
Gross Profit was 272.563 + 276.723 + 281.17 + 306.372 = $1,137 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(3873.462 + 3527.257 + 3332.026 + 4016.357 + 4210.668) / 5 = $3791.954 Mil.
Total Assets at the begining of last year (Mar22) was $3,873 Mil.
Long-Term Debt & Capital Lease Obligation was $130 Mil.
Total Current Assets was $3,204 Mil.
Total Current Liabilities was $1,774 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.

Screen Holdings Co's current Net Income (TTM) was 481. ==> 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.

Screen Holdings Co's current Cash Flow from Operations (TTM) was 677. ==> 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)
=481.308/4210.668
=0.1143068

ROA (Last Year)=Net Income/Total Assets (Mar22)
=422.173/3873.462
=0.10899113

Screen Holdings Co's return on assets of this year was 0.1143068. Screen Holdings Co's return on assets of last year was 0.10899113. ==> 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.

Screen Holdings Co's current Net Income (TTM) was 481. Screen Holdings Co's current Cash Flow from Operations (TTM) was 677. ==> 677 > 481 ==> 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
=34.448/4431.4158
=0.00777359

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=129.571/3791.954
=0.03416998

Screen Holdings Co's gearing of this year was 0.00777359. Screen Holdings Co's gearing of last year was 0.03416998. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=3295.058/1909.022
=1.72604506

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3204.049/1774.124
=1.80598932

Screen Holdings Co's current ratio of this year was 1.72604506. Screen Holdings Co's current ratio of last year was 1.80598932. ==> 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.

Screen Holdings Co's number of shares in issue this year was 172.132. Screen Holdings Co's number of shares in issue last year was 97.292. ==> 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
=1248.701/3454.727
=0.36144708

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1136.828/3379.346
=0.33640474

Screen Holdings Co's gross margin of this year was 0.36144708. Screen Holdings Co's gross margin of last year was 0.33640474. ==> 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 (Mar23)
=3454.727/4210.668
=0.82047005

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3379.346/3873.462
=0.87243556

Screen Holdings Co's asset turnover of this year was 0.82047005. Screen Holdings Co's asset turnover of last year was 0.87243556. ==> 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+1+0
=6

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

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

Screen Holdings Co  (OTCPK:DINRF) 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.


Screen Holdings Co Piotroski F-Score Related Terms

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Screen Holdings Co (Screen Holdings Co) Business Description

Traded in Other Exchanges
Address
Tenjinkita-machi 1-1, Teranouchi-agaru, 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto, JPN, 602-8585
Screen Holdings Co Ltd operates in the Japanese semiconductor industry. The majority of its revenue is derived from the sale of semiconductor manufacturing equipment, which is part of its Semiconductor Equipment segment. Its other segments include Graphics and Precision Solutions, Fine Tech Solutions and Others. The Graphics segment is concerned with the sale of printing and printed circuit board related machinery. The Fine Tech Solutions (FT) segment provides flat panel display (FPD) manufacturing equipment and the Others segment is involved in the development and sale of software products. The company caters to the global market, with emphasis on the Asia and Oceania region.

Screen Holdings Co (Screen Holdings Co) Headlines

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