GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (FRA:50J) » Definitions » Piotroski F-Score

Kangji Medical Holdings (FRA:50J) Piotroski F-Score : 5 (As of Mar. 04, 2025)


View and export this data going back to 2020. Start your Free Trial

What is Kangji Medical Holdings 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

Kangji Medical Holdings 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 Kangji Medical Holdings's Piotroski F-Score or its related term are showing as below:

FRA:50J' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 7 years, the highest Piotroski F-Score of Kangji Medical Holdings was 6. The lowest was 3. And the median was 5.


Kangji Medical Holdings Piotroski F-Score Historical Data

The historical data trend for Kangji Medical Holdings'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.

Kangji Medical Holdings Piotroski F-Score Chart

Kangji Medical Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 6.00 5.00 3.00 3.00 5.00

Kangji Medical Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 3.00 - 5.00 -

Competitive Comparison of Kangji Medical Holdings's Piotroski F-Score

For the Medical Instruments & Supplies subindustry, Kangji Medical Holdings'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.


Kangji Medical Holdings's Piotroski F-Score Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kangji Medical Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kangji Medical Holdings'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 €64.7 Mil.
Cash Flow from Operations was €53.9 Mil.
Revenue was €118.9 Mil.
Gross Profit was €95.2 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (539.575 + 547.593) / 2 = €543.584 Mil.
Total Assets at the begining of this year (Dec22) was €539.6 Mil.
Long-Term Debt & Capital Lease Obligation was €4.9 Mil.
Total Current Assets was €434.2 Mil.
Total Current Liabilities was €24.5 Mil.
Net Income was €64.8 Mil.

Revenue was €106.5 Mil.
Gross Profit was €86.0 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (471.081 + 539.575) / 2 = €505.328 Mil.
Total Assets at the begining of last year (Dec21) was €471.1 Mil.
Long-Term Debt & Capital Lease Obligation was €5.7 Mil.
Total Current Assets was €423.0 Mil.
Total Current Liabilities was €20.8 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.

Kangji Medical Holdings's current Net Income (TTM) was 64.7. ==> 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.

Kangji Medical Holdings's current Cash Flow from Operations (TTM) was 53.9. ==> 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 (Dec22)
=64.73/539.575
=0.11996479

ROA (Last Year)=Net Income/Total Assets (Dec21)
=64.823/471.081
=0.13760479

Kangji Medical Holdings's return on assets of this year was 0.11996479. Kangji Medical Holdings's return on assets of last year was 0.13760479. ==> 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.

Kangji Medical Holdings's current Net Income (TTM) was 64.7. Kangji Medical Holdings's current Cash Flow from Operations (TTM) was 53.9. ==> 53.9 <= 64.7 ==> 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
=4.865/543.584
=0.00894986

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=5.731/505.328
=0.01134115

Kangji Medical Holdings's gearing of this year was 0.00894986. Kangji Medical Holdings's gearing of last year was 0.01134115. ==> 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
=434.174/24.507
=17.71632595

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=422.971/20.807
=20.32830297

Kangji Medical Holdings's current ratio of this year was 17.71632595. Kangji Medical Holdings's current ratio of last year was 20.32830297. ==> 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.

Kangji Medical Holdings's number of shares in issue this year was 1172.402. Kangji Medical Holdings's number of shares in issue last year was 1207.994. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=95.191/118.927
=0.80041538

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=86.015/106.478
=0.80781946

Kangji Medical Holdings's gross margin of this year was 0.80041538. Kangji Medical Holdings's gross margin of last year was 0.80781946. ==> 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)
=118.927/539.575
=0.22040865

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=106.478/471.081
=0.22602907

Kangji Medical Holdings's asset turnover of this year was 0.22040865. Kangji Medical Holdings's asset turnover of last year was 0.22602907. ==> 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
=1+1+0+0+1+0+1+0+0
=4

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

Kangji Medical Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Kangji Medical Holdings  (FRA:50J) 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.


Kangji Medical Holdings Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Kangji Medical Holdings's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Kangji Medical Holdings Business Description

Traded in Other Exchanges
Address
No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN
Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The principal activities of the Company are to design, develop, manufacture and sell a comprehensive suite of MISIA that are focused on the surgical specialties of OBGYN, urology, general surgery and thoracic surgery. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, It derives the majority of its revenue from Mainland China.

Kangji Medical Holdings Headlines

No Headlines