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Yusei Holdings (HKSE:00096) Piotroski F-Score : 6 (As of Apr. 17, 2025)


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What is Yusei 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

Yusei Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

HKSE:00096' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Yusei Holdings was 8. The lowest was 4. And the median was 6.


Yusei Holdings Piotroski F-Score Historical Data

The historical data trend for Yusei 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.

Yusei Holdings Piotroski F-Score Chart

Yusei Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 5.00 6.00 -

Yusei Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 - 6.00 - -

Competitive Comparison of Yusei Holdings's Piotroski F-Score

For the Auto Parts subindustry, Yusei 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.


Yusei Holdings's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Yusei Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yusei Holdings's Piotroski F-Score falls into.


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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 HK$87 Mil.
Cash Flow from Operations was HK$372 Mil.
Revenue was HK$2,125 Mil.
Gross Profit was HK$262 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2593.008 + 2826.083) / 2 = HK$2709.5455 Mil.
Total Assets at the begining of this year (Dec22) was HK$2,593 Mil.
Long-Term Debt & Capital Lease Obligation was HK$226 Mil.
Total Current Assets was HK$1,508 Mil.
Total Current Liabilities was HK$1,613 Mil.
Net Income was HK$62 Mil.

Revenue was HK$1,972 Mil.
Gross Profit was HK$227 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2225.117 + 2593.008) / 2 = HK$2409.0625 Mil.
Total Assets at the begining of last year (Dec21) was HK$2,225 Mil.
Long-Term Debt & Capital Lease Obligation was HK$164 Mil.
Total Current Assets was HK$1,519 Mil.
Total Current Liabilities was HK$1,502 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.

Yusei Holdings's current Net Income (TTM) was 87. ==> 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.

Yusei Holdings's current Cash Flow from Operations (TTM) was 372. ==> 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)
=86.514/2593.008
=0.03336434

ROA (Last Year)=Net Income/Total Assets (Dec21)
=61.816/2225.117
=0.02778101

Yusei Holdings's return on assets of this year was 0.03336434. Yusei Holdings's return on assets of last year was 0.02778101. ==> 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.

Yusei Holdings's current Net Income (TTM) was 87. Yusei Holdings's current Cash Flow from Operations (TTM) was 372. ==> 372 > 87 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=226.219/2709.5455
=0.08348965

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=163.531/2409.0625
=0.06788159

Yusei Holdings's gearing of this year was 0.08348965. Yusei Holdings's gearing of last year was 0.06788159. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1508.056/1612.86
=0.93501978

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1518.633/1502.469
=1.01075829

Yusei Holdings's current ratio of this year was 0.93501978. Yusei Holdings's current ratio of last year was 1.01075829. ==> 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.

Yusei Holdings's number of shares in issue this year was 636.55. Yusei Holdings's number of shares in issue last year was 636.55. ==> 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
=262.335/2124.638
=0.1234728

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=226.739/1971.823
=0.11498953

Yusei Holdings's gross margin of this year was 0.1234728. Yusei Holdings's gross margin of last year was 0.11498953. ==> This year's gross margin is higher. ==> Score 1.

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)
=2124.638/2593.008
=0.81937194

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1971.823/2225.117
=0.88616599

Yusei Holdings's asset turnover of this year was 0.81937194. Yusei Holdings's asset turnover of last year was 0.88616599. ==> 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+1+1+0+0+1+1+0
=6

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

Yusei Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Yusei Holdings  (HKSE:00096) 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.


Yusei Holdings Piotroski F-Score Related Terms

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Yusei Holdings Business Description

Traded in Other Exchanges
N/A
Address
Lin Gang Industrial Zone, Henggengtou Village, Guali Town, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Yusei Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in the design, development, and fabrication of precision plastic injection molds and the manufacture of plastic components. It also provides services for certain assembling and further processing of plastic components for its customers. The group's customers are mainly the manufacturers of branded auto parts and components, office equipment, and plastic components. Its products include automotive class including Headlights, Car airbags, Office equipment including copiers; and other appliances. Geographically, it derives revenue from the People's Republic of China.
Executives
Xu Yong
Conpri Co. Ltd.
Masuda Echiko
Masuda Katsutoshi
Masuda Toshimitsu
Yusei Machinery Corporation
Superview International Investment Limited
Xu Yue
Ding Hongguang 2101 Beneficial owner

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