운전자본 팽창 → 현금 고갈 → 유동성 위기
Warning순운전자본이 +53.1% 팽창하며 현금이 묶이고 있다. 영업CF/순이익 비율이 44%로 이익 대비 현금 회수가 부족하고, 유동비율도 3.09에서 2.65로 하락했다.
Evidence
순운전자본 YoY +53.1%영업CF/순이익 44%유동비율 3.09→2.65
Rorze Systems
071280 · KOSDAQ₩7,480+13.85%
2026-09-04 closeRorze Systems last closed at ₩7,480 (+13.85%) on 2026-09-04. Signals today: VCP, Bollinger breakout, MACD bullish cross. Listed on KOSDAQ; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
303 picks
Next-day win rate
50.7%
Avg next-day
-0.11%
vs market
-0.49%p
Every new-high-plus-volume pick we actually published (Korea market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
B
Overall: 반도체 53/125 · top 42%
Factor composite · relative position in sector
PER 9.45 · PBR 0.94 — own-history percentile 80/100 · 64/100
Open self-history band
PER80/100
PBR64/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Annual dividend
Split-adjusted annual DPS history and available grade axes
Paid 4 consecutive years · Raised 0 consecutive years · Yield 0.67% (based on 2025 payment of 50원) · 3-year growth +35.7%
Per-share amount adjusted for splits and capital reductions · Factual information, not investment advice.
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 8.84
Distress
Grey
Safe
- Altman Z''
- 8.84
- Beneish M-Score
- -1.42
- Sloan accrual
- 4.33%
Statistical manipulation-risk signal
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
매출 성장 + 마진 확대 + FCF 양수
Positive매출이 +52.1% 성장하면서 영업이익률이 11.3%에서 12.4%로 확대되었다. FCF도 양수를 유지하여 질적 성장이 확인된다.
Evidence
매출 YoY +52.1%영업이익률 11.3%→12.4%FCF 11,886
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
6/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score6/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROAPass
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioNot passed
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverPass
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05반도체
This stock is in 반도체: revenue rank 63 of 125, share 0%.
63 / 1250%revenue share
Who dominates this industry?
- 1삼성전자75.4%
- 2SK하이닉스16.6%
- 3SK스퀘어0.5%
- 4동진쎄미켐0.4%
- 5하나마이크론0.3%
- 6로체시스템즈0%
Concentration
ConcentratedCR3 92.5%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
Winner-take-all deepeningConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 16.34
- Direction
- 확대
- Level
- 넓음
- Years
- 6
Value lens
- P90/P10
- 10.1
- Median P/B
- 1.85
- Level
- 넓음
- n
- 123
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 12.4%
- Interest coverage
- 488.3x
- Return on equity (ROE)
- 9.9%
Operating margin −5pp
TolerableInterest coverageBase 488.3x adverse case 290.7x
Return on equity (ROE)Base 9.9% adverse case 9.6%
Revenue −15%
TolerableInterest coverageBase 488.3x adverse case 415.1x
Return on equity (ROE)Base 9.9% adverse case 13.7%
Interest rate +2pp
TolerableInterest coverageBase 488.3x adverse case 26.6x
Return on equity (ROE)Base 9.9% adverse case 15.6%
Interest coverage limit
Current margin 12.3ppInterest coverage limit at an operating margin of 0%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-03-17Suppliers disclosed by the company in its 2026-03-17 annual report.
Purchase amount
KRW 100m- CORPORATIONKRW 7,206.5T
- RORZEKRW 7,206.5T
Connections
AI-extracted related companies · for reference
Customers
Competitors
Same theme
로봇스마트팩토리반도체 장비
Recent filings
Rorze Systems's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About Rorze Systems
- What technical signals does Rorze Systems (071280) have?
- Rorze Systems current technical signals: no active technical signal.
- Is Rorze Systems a cup-and-handle pattern?
- No. Rorze Systems has no valid cup-and-handle signal right now.
- What are Rorze Systems's financials and valuation?
- Rorze Systems's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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