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BTOC (Armlogi Holding) Piotroski F-Score : N/A (As of Mar. 20, 2025)


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What is Armlogi Holding 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

Armlogi Holding has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

During the past 4 years, the highest Piotroski F-Score of Armlogi Holding was 4. The lowest was 4. And the median was 4.


Armlogi Holding Piotroski F-Score Historical Data

The historical data trend for Armlogi Holding'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.

Armlogi Holding Piotroski F-Score Chart

Armlogi Holding Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
N/A N/A N/A N/A

Armlogi Holding Quarterly Data
Jun21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 4.00 N/A N/A N/A

Competitive Comparison of Armlogi Holding's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Armlogi Holding'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.


Armlogi Holding's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Armlogi Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Armlogi Holding'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 0.682 + 0.259 + -4.648 + -1.659 = $-5.4 Mil.
Cash Flow from Operations was 0.497 + -0.952 + -3.603 + -5.629 = $-9.7 Mil.
Revenue was 38.44 + 45.287 + 42.482 + 51.144 = $177.4 Mil.
Gross Profit was 3.324 + 1.854 + -3.607 + 0.483 = $2.1 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(129.737 + 170.69 + 167.035 + 157.491 + 163.715) / 5 = $157.7336 Mil.
Total Assets at the begining of this year (Dec23) was $129.7 Mil.
Long-Term Debt & Capital Lease Obligation was $90.3 Mil.
Total Current Assets was $42.9 Mil.
Total Current Liabilities was $40.2 Mil.
Net Income was 2.179 + 4.961 + 2.755 + 3.745 = $13.6 Mil.

Revenue was 30.133 + 48.083 + 41.246 + 42.004 = $161.5 Mil.
Gross Profit was 6.278 + 6.731 + 5.226 + 7.678 = $25.9 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(0 + 74.766 + 88.555 + 0 + 129.737) / 5 = $97.686 Mil.
Total Assets at the begining of last year (Dec22) was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $61.5 Mil.
Total Current Assets was $39.3 Mil.
Total Current Liabilities was $34.4 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.

Armlogi Holding's current Net Income (TTM) was -5.4. ==> 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.

Armlogi Holding's current Cash Flow from Operations (TTM) was -9.7. ==> 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 (Dec23)
=-5.366/129.737
=-0.0413606

ROA (Last Year)=Net Income/Total Assets (Dec22)
=13.64/0
=

Armlogi Holding's return on assets of this year was -0.0413606. Armlogi Holding's return on assets of last year was . ==> 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.

Armlogi Holding's current Net Income (TTM) was -5.4. Armlogi Holding's current Cash Flow from Operations (TTM) was -9.7. ==> -9.7 <= -5.4 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=90.308/157.7336
=0.57253496

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=61.538/97.686
=0.62995721

Armlogi Holding's gearing of this year was 0.57253496. Armlogi Holding's gearing of last year was 0.62995721. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=42.92/40.225
=1.06699814

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=39.325/34.425
=1.14233842

Armlogi Holding's current ratio of this year was 1.06699814. Armlogi Holding's current ratio of last year was 1.14233842. ==> 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.

Armlogi Holding's number of shares in issue this year was 41.642. Armlogi Holding's number of shares in issue last year was 41.6. ==> 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
=2.054/177.353
=0.01158142

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=25.913/161.466
=0.1604858

Armlogi Holding's gross margin of this year was 0.01158142. Armlogi Holding's gross margin of last year was 0.1604858. ==> 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 (Dec23)
=177.353/129.737
=1.36701943

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=161.466/0
=

Armlogi Holding's asset turnover of this year was 1.36701943. Armlogi Holding's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+0+0+0+1
=3

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

Armlogi Holding has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Armlogi Holding  (NAS:BTOC) 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.


Armlogi Holding Piotroski F-Score Related Terms

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Armlogi Holding Business Description

Traded in Other Exchanges
N/A
Address
20301 East Walnut Drive North, Walnut, CA, USA, 91789
Armlogi Holding Corp is a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The company provides one-stop warehousing and logistics services to cross-border e-commerce merchants outside the U.S. who seek to sell in the U.S. market. The warehouses are equipped with automated sorting systems, heavy-duty forklifts, and pallets and trays that are suitable for processing bulky items. The services of the company include customs brokerage services, transportation of merchandise to U.S. warehouses, and warehouse management and order fulfillment services.