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Infinity Development Holdings Co (HKSE:00640) Piotroski F-Score : 7 (As of Jul. 15, 2025)


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What is Infinity Development Holdings Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Infinity Development Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:00640' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

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


Infinity Development Holdings Co Piotroski F-Score Historical Data

The historical data trend for Infinity Development Holdings Co'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.

Infinity Development Holdings Co Piotroski F-Score Chart

Infinity Development Holdings Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 4.00 6.00 7.00

Infinity Development Holdings Co Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 - 6.00 - 7.00 -

Competitive Comparison of Infinity Development Holdings Co's Piotroski F-Score

For the Specialty Chemicals subindustry, Infinity Development Holdings 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.


Infinity Development Holdings Co's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Infinity Development Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Infinity Development Holdings Co'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was HK$100.4 Mil.
Cash Flow from Operations was HK$97.4 Mil.
Revenue was HK$736.3 Mil.
Gross Profit was HK$277.4 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was (744.995 + 819.429) / 2 = HK$782.212 Mil.
Total Assets at the begining of this year (Sep23) was HK$745.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.7 Mil.
Total Current Assets was HK$643.1 Mil.
Total Current Liabilities was HK$225.1 Mil.
Net Income was HK$67.1 Mil.

Revenue was HK$671.8 Mil.
Gross Profit was HK$209.1 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was (697.622 + 744.995) / 2 = HK$721.3085 Mil.
Total Assets at the begining of last year (Sep22) was HK$697.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.3 Mil.
Total Current Assets was HK$600.2 Mil.
Total Current Liabilities was HK$224.2 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.

Infinity Development Holdings Co's current Net Income (TTM) was 100.4. ==> 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.

Infinity Development Holdings Co's current Cash Flow from Operations (TTM) was 97.4. ==> 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 (Sep23)
=100.411/744.995
=0.13478077

ROA (Last Year)=Net Income/Total Assets (Sep22)
=67.054/697.622
=0.09611795

Infinity Development Holdings Co's return on assets of this year was 0.13478077. Infinity Development Holdings Co's return on assets of last year was 0.09611795. ==> 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.

Infinity Development Holdings Co's current Net Income (TTM) was 100.4. Infinity Development Holdings Co's current Cash Flow from Operations (TTM) was 97.4. ==> 97.4 <= 100.4 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=2.732/782.212
=0.00349266

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1.311/721.3085
=0.00181753

Infinity Development Holdings Co's gearing of this year was 0.00349266. Infinity Development Holdings Co's gearing of last year was 0.00181753. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=643.072/225.132
=2.85642201

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=600.194/224.203
=2.67701146

Infinity Development Holdings Co's current ratio of this year was 2.85642201. Infinity Development Holdings Co's current ratio of last year was 2.67701146. ==> 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.

Infinity Development Holdings Co's number of shares in issue this year was 563.351. Infinity Development Holdings Co's number of shares in issue last year was 563.351. ==> 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
=277.44/736.338
=0.37678349

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209.106/671.75
=0.31128545

Infinity Development Holdings Co's gross margin of this year was 0.37678349. Infinity Development Holdings Co's gross margin of last year was 0.31128545. ==> 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 (Sep23)
=736.338/744.995
=0.98837979

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=671.75/697.622
=0.96291401

Infinity Development Holdings Co's asset turnover of this year was 0.98837979. Infinity Development Holdings Co's asset turnover of last year was 0.96291401. ==> 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+0+0+1+1+1+1
=7

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

Infinity Development Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Infinity Development Holdings Co  (HKSE:00640) 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.


Infinity Development Holdings Co Piotroski F-Score Related Terms

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Infinity Development Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
16 Andar A - D, Macau Finance Centre, Rua de Pequim No. 202A - 246, Macau, MAC
Infinity Development Holdings Co Ltd is an investment holding company. Through its subsidiaries, the company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive-related products for the footwear industry. The company's products are predominantly sold under the Guarandure and Zhong Bu brands. Its geographical segments include China, Vietnam, Indonesia, Bangladesh, and India. A majority of its revenue is generated from Vietnam.
Executives
Chan Sut Kuan 2202 Interest of your spouse
Ieong Un 2101 Beneficial owner
All Reach Investments Limited 2101 Beneficial owner

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