Credit Suisse High Yield Credit FundDHY +0.57%31 Piotroski F-Score is 2 as of Jun. 26, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates DHY with a GF Scoreâ„¢ of 31/100. The stock has 6 warning signs investors should review. Among 1,597 Asset Management companies, Credit Suisse High Yield Credit Fund ranks worse than 90.86% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Credit Suisse High Yield Credit Fund has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Credit Suisse High Yield Credit Fund (AMEX:DHY) 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.
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.
Credit Suisse High Yield Credit Fund Piotroski F-Score Related Terms
Credit Suisse High Yield Credit Fund Piotroski F-Score Historical Data
* 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.
Credit Suisse High Yield Credit Fund Piotroski F-Score Chart
DHY vs JRS, LGI, SABA: Piotroski F-Score Comparison
For the Asset Management subindustry, Credit Suisse High Yield Credit Fund'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.
Credit Suisse High Yield Credit Fund Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Credit Suisse High Yield Credit Fund's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Credit Suisse High Yield Credit Fund's Piotroski F-Score falls into.
* 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.
*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.
Credit Suisse High Yield Credit Fund's current Net Income (TTM) was 12.35.
==> Positive ==> Score 1.
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.
Credit Suisse High Yield Credit Fund's current Cash Flow from Operations (TTM) was 5.15.
==> 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.
Credit Suisse High Yield Credit Fund's return on assets of this year was 0.03818968. Credit Suisse High Yield Credit Fund's return on assets of last year was 0.12182868.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Credit Suisse High Yield Credit Fund's gearing of this year was 0.29109361. Credit Suisse High Yield Credit Fund's gearing of last year was 0.25359229.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Credit Suisse High Yield Credit Fund's current ratio of this year was 3.05963188. Credit Suisse High Yield Credit Fund's current ratio of last year was 3.40584258.
==> 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.
Credit Suisse High Yield Credit Fund's number of shares in issue this year was 102.926. Credit Suisse High Yield Credit Fund's number of shares in issue last year was 101.256.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Credit Suisse High Yield Credit Fund's net margin of this year was 0.95766457. Credit Suisse High Yield Credit Fund's net margin of last year was 0.99105891.
==> Last year's net 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
Credit Suisse High Yield Credit Fund's asset turnover of this year was 0.03987793. Credit Suisse High Yield Credit Fund's asset turnover of last year was 0.12292779.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Credit Suisse High Yield Credit Fund has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Credit Suisse High Yield Credit Fund (DHY) has a Piotroski F-Score of 2 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Credit Suisse High Yield Credit Fund and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Credit Suisse High Yield Credit Fund's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Credit Suisse High Yield Credit Fund ranks #1451 out of 1597 companies in the Asset Management industry, placing it in the top 90.9%.
Is Credit Suisse High Yield Credit Fund's Piotroski F-Score too high?
Credit Suisse High Yield Credit Fund's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Asset Management industry median Piotroski F-Score is 5.00. Credit Suisse High Yield Credit Fund's value of 2 is 60% below this industry median. Based on the distribution chart, Credit Suisse High Yield Credit Fund ranks #1451 out of 1597 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Credit Suisse High Yield Credit Fund has a GF Scoreâ„¢ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Credit Suisse High Yield Credit Fund's Piotroski F-Score compare to JRS and LGI?
According to the Asset Management industry distribution chart, Credit Suisse High Yield Credit Fund ranks #1451 out of 1597 companies for Piotroski F-Score. This places Credit Suisse High Yield Credit Fund in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Credit Suisse High Yield Credit Fund's value of 2 is 60% below this benchmark. Historically, Credit Suisse High Yield Credit Fund's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Credit Suisse High Yield Credit Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Credit Suisse High Yield Credit Fund's current Piotroski F-Score of 2 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Credit Suisse High Yield Credit Fund and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Credit Suisse High Yield Credit Fund's current Piotroski F-Score is 2, which is 67% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credit Suisse High Yield Credit Fund stock overvalued right now?
Credit Suisse High Yield Credit Fund (DHY) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Asset Management industry median of 5.00. Credit Suisse High Yield Credit Fund's overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Credit Suisse High Yield Credit Fund (DHY), the current Piotroski F-Score is 2 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Credit Suisse High Yield Credit Fund Business Description
Credit Suisse High Yield Credit Fund is a diversified, closed-end management investment company. The Fund's principal investment objective is to generate current income. Capital appreciation is a secondary objective, pursued to the extent consistent with the Fund's primary income objective.
31GF Score
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