매출 흑자인데 영업CF 적자 (OCF/매출 -14%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
hyungji Elite financial statements
형지엘리트KRX:093240 · KOSPIhyungji Elite's published financial data is dated 2026-10-18. 2025 revenue was KRW 166.65B. 2025 operating profit was KRW 7.69B.
Reported results
Financial safety
Reference indicatorAs of 2025- Altman Z''
- 3.59
- Beneish M-Score
- -1.62
- Sloan accrual
- 11.65%
Statistical manipulation-risk signal
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
Piotroski measures year-over-year financial improvement, not absolute quality.
Profitability
- Positive ROANot passed
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioNot passed
- No new sharesNot passed
Efficiency
- Higher gross marginPass
- Higher asset turnoverNot passed
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.
Forensic signals
Anomaly and structural signals observed in the financial statements.
영업외손익 급변 (영업이익 대비 108% 규모 변동) — 일회성 손익 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 4.6%
- Interest coverage
- 2.2x
- Return on equity (ROE)
- -1.4%
Operating margin −5pp
Operating lossRevenue −15%
TolerableInterest rate +2pp
Interest coverage riskInterest coverage limit
Current margin 2.5ppInterest coverage limit at an operating margin of 2.1%
Interest expense coverage threshold