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Dreaminsight Co (XKRX:362990) Piotroski F-Score : 5 (As of May. 14, 2024)


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What is Dreaminsight 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

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

XKRX:362990' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Dreaminsight Co was 5. The lowest was 3. And the median was 4.


Dreaminsight Co Piotroski F-Score Historical Data

The historical data trend for Dreaminsight 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.

Dreaminsight Co Piotroski F-Score Chart

Dreaminsight Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 4.00 3.00 5.00

Dreaminsight Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Piotroski F-Score - 3.00 - 5.00

Competitive Comparison of Dreaminsight Co's Piotroski F-Score

For the Advertising Agencies subindustry, Dreaminsight 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.


Dreaminsight Co's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dreaminsight Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dreaminsight 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was ₩4,016 Mil.
Cash Flow from Operations was ₩7,786 Mil.
Revenue was ₩17,374 Mil.
Gross Profit was ₩17,374 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (29265.606 + 35255.974) / 2 = ₩32260.79 Mil.
Total Assets at the begining of this year (Dec22) was ₩29,266 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,413 Mil.
Total Current Assets was ₩22,349 Mil.
Total Current Liabilities was ₩9,862 Mil.
Net Income was ₩3,480 Mil.

Revenue was ₩15,131 Mil.
Gross Profit was ₩15,131 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (23771.218 + 29265.606) / 2 = ₩26518.412 Mil.
Total Assets at the begining of last year (Dec21) was ₩23,771 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,721 Mil.
Total Current Assets was ₩16,026 Mil.
Total Current Liabilities was ₩8,045 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.

Dreaminsight Co's current Net Income (TTM) was 4,016. ==> 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.

Dreaminsight Co's current Cash Flow from Operations (TTM) was 7,786. ==> 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 (Dec22)
=4015.675/29265.606
=0.13721482

ROA (Last Year)=Net Income/Total Assets (Dec21)
=3479.694/23771.218
=0.14638265

Dreaminsight Co's return on assets of this year was 0.13721482. Dreaminsight Co's return on assets of last year was 0.14638265. ==> 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.

Dreaminsight Co's current Net Income (TTM) was 4,016. Dreaminsight Co's current Cash Flow from Operations (TTM) was 7,786. ==> 7,786 > 4,016 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2413.187/32260.79
=0.07480248

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2721.465/26518.412
=0.10262549

Dreaminsight Co's gearing of this year was 0.07480248. Dreaminsight Co's gearing of last year was 0.10262549. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=22349.095/9862.285
=2.26611733

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=16025.729/8045.255
=1.99194792

Dreaminsight Co's current ratio of this year was 2.26611733. Dreaminsight Co's current ratio of last year was 1.99194792. ==> 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.

Dreaminsight Co's number of shares in issue this year was 14.656. Dreaminsight Co's number of shares in issue last year was 14.621. ==> 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
=17374.445/17374.445
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15131.064/15131.064
=1

Dreaminsight Co's gross margin of this year was 1. Dreaminsight Co's gross margin of last year was 1. ==> 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 (Dec22)
=17374.445/29265.606
=0.59368137

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=15131.064/23771.218
=0.63652876

Dreaminsight Co's asset turnover of this year was 0.59368137. Dreaminsight Co's asset turnover of last year was 0.63652876. ==> 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+0+1+1+1+0+0+0
=5

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

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

Dreaminsight Co  (XKRX:362990) 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.


Dreaminsight Co Piotroski F-Score Related Terms

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Dreaminsight Co (XKRX:362990) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rooms 1401 to 1412, 14th floor, Woorim Image Center 2, Guro-gu, Seoul, KOR
Dreaminsight Co Ltd is a digital and tech marketing group.

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