GURUFOCUS.COM » STOCK LIST » USA » OTCPK » Hong Yuan Hldg Group (OTCPK:HGYN) » Definitions » Piotroski F-Score
Switch to:

Hong Yuan Hldg Group (OTCPK:HGYN) Piotroski F-Score

: N/A (As of Today)
View and export this data going back to 2005. Start your Free Trial

The zones of discrimination were as such:

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

Hong Yuan Hldg Group 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 Hong Yuan Hldg Group's Piotroski F-Score or its related term are showing as below:

During the past 10 years, the highest Piotroski F-Score of Hong Yuan Hldg Group was 9999. The lowest was 1. And the median was 3.


Hong Yuan Hldg Group (OTCPK:HGYN) Piotroski F-Score Historical Data

The historical data trend for Hong Yuan Hldg Group'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.

Hong Yuan Hldg Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 3.00 N/A N/A

Hong Yuan Hldg Group Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Hong Yuan Hldg Group (OTCPK:HGYN) Piotroski F-Score Competitive Comparison

For the Shell Companies subindustry, Hong Yuan Hldg Group'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.

   

Hong Yuan Hldg Group (OTCPK:HGYN) Piotroski F-Score Distribution

For the Diversified Financial Services industry and Financial Services sector, Hong Yuan Hldg Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hong Yuan Hldg Group'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 (Sep22) TTM:Last Year (Sep21) TTM:
Net Income was -0.003 + -0.02 + -0.007 + -0.01 = $-0.04 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(0 + 0 + 0 + 0 + 0) / 5 = $0 Mil.
Total Assets at the begining of this year (Sep21) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.08 Mil.
Net Income was -0.01 + -0.021 + -0.01 + -0.013 = $-0.05 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(0 + 0 + 0 + 0 + 0) / 5 = $0 Mil.
Total Assets at the begining of last year (Sep20) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.04 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.

Hong Yuan Hldg Group's current Net Income (TTM) was -0.04. ==> 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.

Hong Yuan Hldg Group's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Sep21)
=-0.04/0
=

ROA (Last Year)=Net Income/Total Assets (Sep20)
=-0.054/0
=

Hong Yuan Hldg Group's return on assets of this year was . Hong Yuan Hldg Group's return on assets of last year was . ==> 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.

Hong Yuan Hldg Group's current Net Income (TTM) was -0.04. Hong Yuan Hldg Group's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -0.04 ==> 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.

Hong Yuan Hldg Group's gearing of this year was . Hong Yuan Hldg Group's gearing of last year was . ==> 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: Sep22)=Total Current Assets/Total Current Liabilities
=0/0.079
=0

Current Ratio (Last Year: Sep21)=Total Current Assets/Total Current Liabilities
=0/0.038
=0

Hong Yuan Hldg Group's current ratio of this year was 0. Hong Yuan Hldg Group's current ratio of last year was 0. ==> 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.

Hong Yuan Hldg Group's number of shares in issue this year was 74.641. Hong Yuan Hldg Group's number of shares in issue last year was 74.641. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Hong Yuan Hldg Group's gross margin of this year was . Hong Yuan Hldg Group's gross margin of last year was . ==> 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

Hong Yuan Hldg Group's asset turnover of this year was . Hong Yuan Hldg Group's asset turnover of last year was . ==> 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+1+1+0+1+0+0
=3

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

Hong Yuan Hldg Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Hong Yuan Hldg Group  (OTCPK:HGYN) 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.


Hong Yuan Hldg Group Piotroski F-Score Related Terms

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


Hong Yuan Hldg Group (OTCPK:HGYN) Business Description

Hong Yuan Hldg Group logo
Traded in Other Exchanges
N/A
Address
Zhengbian Road, Room 2707 Global Mansion, Zhengzhou, CHN, 450000
Hong Yuan Hldg Group, formerly Cereplast Inc is a shell company.
Executives
Okamoto Kelvin T officer: Chief Technology Officer 2213 KILLION AVENUE SEYMOUR IN 47274
Okada Michael officer: See Remarks 300 N. CONTINENTAL BLVD. #100 EL SEGUNDO CA 90245
Hunt Franklin L director 300 N CONTINENTAL BLVD SUITE 100 EL SEGUNDO CA 90245
Hanni Steve director
Barton Mark officer: Senior V.P. - Manufacturing 3421-3433 EL SEGUNDO BLVD. HAWTHORNE CA 90250
Sheehan Heather E officer: V.P., Chief Accounting Officer 3411 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Vincent Jacques director 3411-3433 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Bash Thomas officer: V.P. Process & Engineering 3421-3433 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Bagrodia Shriram officer: Sr.V.P. R&D Blends & Chemistry 3421-3433 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Mcmurray Margaret officer: Chief Administrative Officer 3421-3433 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Kitsos Petros director 1901 AVENUE OF THE STARS SUITE 200 LOS ANGELES CA 90067
Woelfel Randy officer: President & COO 3411-3433 W. EL SEGUNDO BLVD. HAWTHORNE CA 90250
Kelly William E officer: Sr. V.P. - Technology 3421-3433 WEST EL SEGUNDO BOULEVARD HAWTHORNE CA 90250
Hoop Charles officer: Chief Operating Officer 3421-3433 WEST EL SEGUNDO BOULEVARD HAWTHORNE CA 90250
Larrivee Gary officer: VP - Technology Support 21345 HAWTHORNE BLVD. UNIT 414 TORRANCE CA 90503

Hong Yuan Hldg Group (OTCPK:HGYN) Headlines

No Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership