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Sabuy Technology PCL (BKK:SABUY) Piotroski F-Score : 1 (As of Apr. 26, 2024)


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What is Sabuy Technology PCL Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Sabuy Technology PCL has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

BKK:SABUY' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 5
Current: 1

During the past 6 years, the highest Piotroski F-Score of Sabuy Technology PCL was 5. The lowest was 1. And the median was 4.


Sabuy Technology PCL Piotroski F-Score Historical Data

The historical data trend for Sabuy Technology PCL'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.

Sabuy Technology PCL Piotroski F-Score Chart

Sabuy Technology PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 4.00 5.00 1.00

Sabuy Technology PCL Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.00 4.00 3.00 4.00 1.00

Competitive Comparison of Sabuy Technology PCL's Piotroski F-Score

For the Business Equipment & Supplies subindustry, Sabuy Technology PCL'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.


Sabuy Technology PCL's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sabuy Technology PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sabuy Technology PCL'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 166.945 + 179.618 + 37.281 + -573.671 = ฿-190 Mil.
Cash Flow from Operations was -78.889 + -85.229 + 202.867 + -1298.661 = ฿-1,260 Mil.
Revenue was 2400.532 + 2427.84 + 2366.226 + 1921.838 = ฿9,116 Mil.
Gross Profit was 498.961 + 507.616 + 575.087 + 483.386 = ฿2,065 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(19265.372 + 21466.897 + 21376.304 + 22155.422 + 20848.547) / 5 = ฿21022.5084 Mil.
Total Assets at the begining of this year (Dec22) was ฿19,265 Mil.
Long-Term Debt & Capital Lease Obligation was ฿3,817 Mil.
Total Current Assets was ฿4,170 Mil.
Total Current Liabilities was ฿5,765 Mil.
Net Income was 107.282 + 356.265 + 500.676 + 517.89 = ฿1,482 Mil.

Revenue was 730.439 + 751.786 + 1125.346 + 2355.617 = ฿4,963 Mil.
Gross Profit was 221.191 + 210.237 + 337.703 + 540.254 = ฿1,309 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(6136.529 + 6577.04 + 11244.709 + 15135.402 + 19265.372) / 5 = ฿11671.8104 Mil.
Total Assets at the begining of last year (Dec21) was ฿6,137 Mil.
Long-Term Debt & Capital Lease Obligation was ฿3,481 Mil.
Total Current Assets was ฿3,313 Mil.
Total Current Liabilities was ฿3,606 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.

Sabuy Technology PCL's current Net Income (TTM) was -190. ==> 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.

Sabuy Technology PCL's current Cash Flow from Operations (TTM) was -1,260. ==> Negative ==> Score 0.

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)
=-189.827/19265.372
=-0.00985327

ROA (Last Year)=Net Income/Total Assets (Dec21)
=1482.113/6136.529
=0.24152302

Sabuy Technology PCL's return on assets of this year was -0.00985327. Sabuy Technology PCL's return on assets of last year was 0.24152302. ==> 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.

Sabuy Technology PCL's current Net Income (TTM) was -190. Sabuy Technology PCL's current Cash Flow from Operations (TTM) was -1,260. ==> -1,260 <= -190 ==> CFROA <= ROA ==> Score 0.

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
=3816.567/21022.5084
=0.1815467

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=3480.725/11671.8104
=0.29821638

Sabuy Technology PCL's gearing of this year was 0.1815467. Sabuy Technology PCL's gearing of last year was 0.29821638. ==> 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
=4170.146/5764.662
=0.72339818

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=3313.219/3605.66
=0.91889391

Sabuy Technology PCL's current ratio of this year was 0.72339818. Sabuy Technology PCL's current ratio of last year was 0.91889391. ==> 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.

Sabuy Technology PCL's number of shares in issue this year was 2099.939. Sabuy Technology PCL's number of shares in issue last year was 1512.811. ==> 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
=2065.05/9116.436
=0.22651944

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1309.385/4963.188
=0.26381934

Sabuy Technology PCL's gross margin of this year was 0.22651944. Sabuy Technology PCL's gross margin of last year was 0.26381934. ==> 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)
=9116.436/19265.372
=0.47320322

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=4963.188/6136.529
=0.80879403

Sabuy Technology PCL's asset turnover of this year was 0.47320322. Sabuy Technology PCL's asset turnover of last year was 0.80879403. ==> 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
=0+0+0+0+1+0+0+0+0
=1

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

Sabuy Technology PCL has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Sabuy Technology PCL  (BKK:SABUY) 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.


Sabuy Technology PCL Piotroski F-Score Related Terms

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Sabuy Technology PCL (BKK:SABUY) Business Description

Traded in Other Exchanges
N/A
Address
230 Bangkhuntien-Seaside Road, Bang Khun Thian, Samae Dam, Bangkok, THA, 10150
Sabuy Technology PCL provides financial transaction services by developing financial transactions. The company's segment includes Providing electronic payment services; Trading foods and beverages through vending machines; Providing food courts management services; Sale of a franchise in postal services and providing transportation; Manufacture of plastic card and others. It generates maximum revenue from the providing electronic payment services segment.

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