* 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.
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Chu Kong Shipping Enterprises (Group) Co Piotroski F-Score Chart
Chu Kong Shipping Enterprises (Group) Co Annual Data
Competitive Comparison of Chu Kong Shipping Enterprises (Group) Co's Piotroski F-Score
For the Marine Shipping subindustry, Chu Kong Shipping Enterprises (Group) Co'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.
Chu Kong Shipping Enterprises (Group) Co's Piotroski F-Score Distribution in the Transportation Industry
* The bar in red indicates where Chu Kong Shipping Enterprises (Group) Co'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.
*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.
Chu Kong Shipping Enterprises (Group) Co's current Net Income (TTM) was 114.
==> 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.
Chu Kong Shipping Enterprises (Group) Co's current Cash Flow from Operations (TTM) was 219.
==> 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.
Chu Kong Shipping Enterprises (Group) Co's return on assets of this year was 0.0249616. Chu Kong Shipping Enterprises (Group) Co's return on assets of last year was 0.01990053.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Chu Kong Shipping Enterprises (Group) Co's gearing of this year was 0.03699203. Chu Kong Shipping Enterprises (Group) Co's gearing of last year was 0.04151151.
==> 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
Chu Kong Shipping Enterprises (Group) Co's current ratio of this year was 1.9495209. Chu Kong Shipping Enterprises (Group) Co's current ratio of last year was 1.84167058.
==> 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.
Chu Kong Shipping Enterprises (Group) Co's number of shares in issue this year was 1121.167. Chu Kong Shipping Enterprises (Group) Co's number of shares in issue last year was 1121.167.
==> 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.
Chu Kong Shipping Enterprises (Group) Co's gross margin of this year was 0.11178013. Chu Kong Shipping Enterprises (Group) Co's gross margin of last year was 0.0879069.
==> 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
Chu Kong Shipping Enterprises (Group) Co's asset turnover of this year was 0.55885294. Chu Kong Shipping Enterprises (Group) Co's asset turnover of last year was 0.61720471.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Chu Kong Shipping Enterprises (Group) Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) 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.
Chu Kong Shipping Enterprises (Group) Co Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Chu Kong Shipping Enterprises (Group) Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Chu Kong Shipping Enterprises (Group) Co (HKSE:00560) Business Description
Chu Kong Shipping Enterprises (Group) Co Ltd is an investment holding company, focusing mainly on terminal navigation logistics, high-speed waterway passenger transportation, and fuel supply business. The operating segments of the group are Cargo transportation; Cargo handling and storage; Passenger transportation; Fuel supply; and Corporate and other businesses. It derives key revenue from the Cargo transportation segment which consists of shipping agency, river trade cargo direct shipment and transhipment and container handling and trucking. The group's revenue is derived from operations carried out in Mainland China and Hong Kong.
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