* 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.
Competitive Comparison of Sun King Technology Group's Piotroski F-Score
For the Electronic Components subindustry, Sun King Technology 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.
Sun King Technology Group's Piotroski F-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sun King Technology Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sun King Technology Group'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.
Sun King Technology Group's current Net Income (TTM) was 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.
Sun King Technology Group's current Cash Flow from Operations (TTM) was 39.
==> 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.
Sun King Technology Group's return on assets of this year was 0.01237618. Sun King Technology Group's return on assets of last year was 0.0092025.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sun King Technology Group's gearing of this year was 0.06035853. Sun King Technology Group's gearing of last year was 0.04242441.
==> 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
Sun King Technology Group's current ratio of this year was 2.88211516. Sun King Technology Group's current ratio of last year was 4.26317703.
==> 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.
Sun King Technology Group's number of shares in issue this year was 1631.561. Sun King Technology Group's number of shares in issue last year was 1640.153.
==> 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.
Sun King Technology Group's gross margin of this year was 0.31812543. Sun King Technology Group's gross margin of last year was 0.28481859.
==> 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
Sun King Technology Group's asset turnover of this year was 0.41377489. Sun King Technology Group's asset turnover of last year was 0.35211005.
==> This year's asset turnover is higher. ==> Score 1.
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
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sun King Technology Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Sun King Technology Group (HKSE:00580) 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.
Sun King Technology Group Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Sun King Technology Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun King Technology Group Ltd is an investment holding company engaged in the business of manufacturing and trading power electronic components. The products offered by the group are categorized into applied industries, namely, power transmission and distribution, electrified transportation and industrial, and others. Its product categories are Anode Saturable Reactors, ABB's Semiconductors, Power Quality Improved Equipment, Power Electronic Devices, Power Electronic Capacitors, Busbars, Digital IGBT Gate Units, Power Capacitors, Power Grid Status Monitoring, and Others. The group mainly operates in the PRC.
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