GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Skyworth Group Ltd (HKSE:00751) » Definitions » Piotroski F-Score

Skyworth Group (HKSE:00751) Piotroski F-Score : 7 (As of Dec. 15, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Skyworth Group 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

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

HKSE:00751' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Skyworth Group was 7. The lowest was 3. And the median was 5.


Skyworth Group Piotroski F-Score Historical Data

The historical data trend for Skyworth 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.

Skyworth Group Piotroski F-Score Chart

Skyworth Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 5.00 5.00 7.00

Skyworth Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 7.00 -

Competitive Comparison of Skyworth Group's Piotroski F-Score

For the Consumer Electronics subindustry, Skyworth 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.


Skyworth Group's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Skyworth Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Skyworth 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was HK$1,169 Mil.
Cash Flow from Operations was HK$2,708 Mil.
Revenue was HK$75,505 Mil.
Gross Profit was HK$10,549 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (71927.595 + 73459.284) / 2 = HK$72693.4395 Mil.
Total Assets at the begining of this year (Dec22) was HK$71,928 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7,839 Mil.
Total Current Assets was HK$51,054 Mil.
Total Current Liabilities was HK$38,750 Mil.
Net Income was HK$924 Mil.

Revenue was HK$59,734 Mil.
Gross Profit was HK$9,165 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (74546.798 + 71927.595) / 2 = HK$73237.1965 Mil.
Total Assets at the begining of last year (Dec21) was HK$74,547 Mil.
Long-Term Debt & Capital Lease Obligation was HK$6,596 Mil.
Total Current Assets was HK$51,845 Mil.
Total Current Liabilities was HK$39,674 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.

Skyworth Group's current Net Income (TTM) was 1,169. ==> 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.

Skyworth Group's current Cash Flow from Operations (TTM) was 2,708. ==> 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)
=1169.25/71927.595
=0.01625593

ROA (Last Year)=Net Income/Total Assets (Dec21)
=923.523/74546.798
=0.0123885

Skyworth Group's return on assets of this year was 0.01625593. Skyworth Group's return on assets of last year was 0.0123885. ==> 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.

Skyworth Group's current Net Income (TTM) was 1,169. Skyworth Group's current Cash Flow from Operations (TTM) was 2,708. ==> 2,708 > 1,169 ==> 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
=7839.113/72693.4395
=0.10783797

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=6596.434/73237.1965
=0.09006945

Skyworth Group's gearing of this year was 0.10783797. Skyworth Group's gearing of last year was 0.09006945. ==> 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
=51054.317/38750.398
=1.31751723

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=51844.598/39673.524
=1.30678076

Skyworth Group's current ratio of this year was 1.31751723. Skyworth Group's current ratio of last year was 1.30678076. ==> 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.

Skyworth Group's number of shares in issue this year was 2477.534. Skyworth Group's number of shares in issue last year was 2588.651. ==> 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
=10549.497/75504.65
=0.13971983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9164.878/59734.187
=0.15342768

Skyworth Group's gross margin of this year was 0.13971983. Skyworth Group's gross margin of last year was 0.15342768. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec22)
=75504.65/71927.595
=1.04973133

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=59734.187/74546.798
=0.80129782

Skyworth Group's asset turnover of this year was 1.04973133. Skyworth Group's asset turnover of last year was 0.80129782. ==> 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+1+1+0+1
=7

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

Skyworth Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Skyworth Group  (HKSE:00751) 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.


Skyworth Group Piotroski F-Score Related Terms

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


Skyworth Group Business Description

Traded in Other Exchanges
Address
20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG
Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.
Executives
Target Success Group (ptc) Limited 2301 Trustee
Lin Wei Ping 2501 Other
Wong Wang Sang Stephen 2501 Other

Skyworth Group Headlines

No Headlines