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CTNT (Cheetah Net Supply Chain Service) Piotroski F-Score : 4 (As of Mar. 16, 2025)


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What is Cheetah Net Supply Chain Service 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

Cheetah Net Supply Chain Service has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Cheetah Net Supply Chain Service's Piotroski F-Score or its related term are showing as below:

CTNT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 4 years, the highest Piotroski F-Score of Cheetah Net Supply Chain Service was 6. The lowest was 4. And the median was 5.


Cheetah Net Supply Chain Service Piotroski F-Score Historical Data

The historical data trend for Cheetah Net Supply Chain Service'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.

Cheetah Net Supply Chain Service Piotroski F-Score Chart

Cheetah Net Supply Chain Service Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 6.00 4.00

Cheetah Net Supply Chain Service Quarterly Data
Dec21 Mar22 Jun22 Sep22 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 Premium Member Only 6.00 N/A N/A N/A 4.00

Competitive Comparison of Cheetah Net Supply Chain Service's Piotroski F-Score

For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.


Cheetah Net Supply Chain Service's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cheetah Net Supply Chain Service'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 -0.609 + -0.613 + -1.815 + -2.152 = $-5.19 Mil.
Cash Flow from Operations was 1.696 + -0.868 + -0.226 + -0.359 = $0.24 Mil.
Revenue was 1.508 + 0.294 + 0.061 + -1.407 = $0.46 Mil.
Gross Profit was 0.025 + 0.032 + 0.03 + 0.091 = $0.18 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(10.059 + 9.933 + 16.276 + 16.828 + 15.379) / 5 = $13.695 Mil.
Total Assets at the begining of this year (Dec23) was $10.06 Mil.
Long-Term Debt & Capital Lease Obligation was $1.88 Mil.
Total Current Assets was $11.04 Mil.
Total Current Liabilities was $0.88 Mil.
Net Income was -0.108 + 0.156 + 0.123 + -0.037 = $0.13 Mil.

Revenue was 10.214 + 12.223 + 10.038 + -32.476 = $-0.00 Mil.
Gross Profit was 1.143 + 1.252 + 1.167 + -3.563 = $-0.00 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(14.719 + 12.035 + 11.144 + 12.898 + 10.059) / 5 = $12.171 Mil.
Total Assets at the begining of last year (Dec22) was $14.72 Mil.
Long-Term Debt & Capital Lease Obligation was $0.80 Mil.
Total Current Assets was $9.82 Mil.
Total Current Liabilities was $2.36 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.

Cheetah Net Supply Chain Service's current Net Income (TTM) was -5.19. ==> 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.

Cheetah Net Supply Chain Service's current Cash Flow from Operations (TTM) was 0.24. ==> 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 (Dec23)
=-5.189/10.059
=-0.51585645

ROA (Last Year)=Net Income/Total Assets (Dec22)
=0.134/14.719
=0.00910388

Cheetah Net Supply Chain Service's return on assets of this year was -0.51585645. Cheetah Net Supply Chain Service's return on assets of last year was 0.00910388. ==> 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.

Cheetah Net Supply Chain Service's current Net Income (TTM) was -5.19. Cheetah Net Supply Chain Service's current Cash Flow from Operations (TTM) was 0.24. ==> 0.24 > -5.19 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.879/13.695
=0.13720336

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.796/12.171
=0.06540136

Cheetah Net Supply Chain Service's gearing of this year was 0.13720336. Cheetah Net Supply Chain Service's gearing of last year was 0.06540136. ==> Last year is lower than this year ==> Score 0.

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
=11.037/0.883
=12.49943375

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=9.821/2.359
=4.16320475

Cheetah Net Supply Chain Service's current ratio of this year was 12.49943375. Cheetah Net Supply Chain Service's current ratio of last year was 4.16320475. ==> 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.

Cheetah Net Supply Chain Service's number of shares in issue this year was 3.219. Cheetah Net Supply Chain Service's number of shares in issue last year was 1.12. ==> 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
=0.178/0.456
=0.39035088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.00099999999999989/-0.00099999999999767
=1

Cheetah Net Supply Chain Service's gross margin of this year was 0.39035088. Cheetah Net Supply Chain Service'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 (Dec23)
=0.456/10.059
=0.04533254

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=-0.00099999999999767/14.719
=-6.794E-5

Cheetah Net Supply Chain Service's asset turnover of this year was 0.04533254. Cheetah Net Supply Chain Service's asset turnover of last year was -6.794E-5. ==> 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+1+0+1+0+1+0+0+1
=4

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

Cheetah Net Supply Chain Service has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Cheetah Net Supply Chain Service  (NAS:CTNT) 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.


Cheetah Net Supply Chain Service Piotroski F-Score Related Terms

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Cheetah Net Supply Chain Service Business Description

Traded in Other Exchanges
N/A
Address
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resells them to customers, including both U.S. and PRC parallel-import car dealers. The company derives profits from the price difference between buying and selling prices for parallel-import vehicles.
Executives
Huan Liu director, 10 percent owner, officer: See Remarks 6201 FAIRVIEW RD, STE 225, CHARLOTTE NC 28210
Xiaolin Tang 10 percent owner RM 401, BLDG 25, MOON BAY GARDEN, DONGSHAN ST., JIANGNING DIST., NANJING F4 211100
Huoyuan Chen 10 percent owner QUNZHONGXINCUN VILLAGE, TAIJIANG DIST., 207 BLOCK 5, FUZHOU F4 350000
Yan Xiao 10 percent owner LANGYUAN 2-3001, XINGHEWAN COMM., SIJI XINGHE MID ST., CHAOYANG N. RD., BEIJING F4 100000
Ying-chang Yuan 10 percent owner 4752 MOUNT ROYAL LN, CHARLOTTE NC 28210
Catherine Chen director ONE MILE WEST OF GUANRI, HULI DISTRICT, XIAMEN F4 361000
Adam Eilenberg director 335 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10017
Walter Penn Folker officer: Vice President of Procurement 7353 BEDFORDSHIRE DRIVE, CHARLOTTE NC 28226
Xianggeng Huang director, 10 percent owner 12-8, A2#BLDG, WANDA PLAZA II, NO.8 AOJIANG RD., AOFENG ST., TAIJIANG, FUZHOU F4 350000
Vladimir Gavrilovic director 70 ELM STREET, APT 1, NORTH ARLINGTON NJ 07031