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New Sparkle Roll International Group (HKSE:00970) Piotroski F-Score : 3 (As of Mar. 14, 2025)


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What is New Sparkle Roll International Group Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

New Sparkle Roll International Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for New Sparkle Roll International Group's Piotroski F-Score or its related term are showing as below:

HKSE:00970' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of New Sparkle Roll International Group was 8. The lowest was 2. And the median was 4.


New Sparkle Roll International Group Piotroski F-Score Historical Data

The historical data trend for New Sparkle Roll International 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.

New Sparkle Roll International Group Piotroski F-Score Chart

New Sparkle Roll International Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 2.00 3.00 3.00

New Sparkle Roll International Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 3.00 - 3.00 -

Competitive Comparison of New Sparkle Roll International Group's Piotroski F-Score

For the Auto & Truck Dealerships subindustry, New Sparkle Roll International 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.


New Sparkle Roll International Group's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, New Sparkle Roll International Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where New Sparkle Roll International 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was HK$-613 Mil.
Cash Flow from Operations was HK$223 Mil.
Revenue was HK$3,265 Mil.
Gross Profit was HK$306 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (3985.96 + 2852.738) / 2 = HK$3419.349 Mil.
Total Assets at the begining of this year (Mar23) was HK$3,986 Mil.
Long-Term Debt & Capital Lease Obligation was HK$255 Mil.
Total Current Assets was HK$1,203 Mil.
Total Current Liabilities was HK$992 Mil.
Net Income was HK$-53 Mil.

Revenue was HK$3,998 Mil.
Gross Profit was HK$578 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (4727.684 + 3985.96) / 2 = HK$4356.822 Mil.
Total Assets at the begining of last year (Mar22) was HK$4,728 Mil.
Long-Term Debt & Capital Lease Obligation was HK$591 Mil.
Total Current Assets was HK$1,732 Mil.
Total Current Liabilities was HK$1,127 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.

New Sparkle Roll International Group's current Net Income (TTM) was -613. ==> Negative ==> Score 0.

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.

New Sparkle Roll International Group's current Cash Flow from Operations (TTM) was 223. ==> 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 (Mar23)
=-613.424/3985.96
=-0.15389618

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-53.127/4727.684
=-0.01123743

New Sparkle Roll International Group's return on assets of this year was -0.15389618. New Sparkle Roll International Group's return on assets of last year was -0.01123743. ==> Last year is higher ==> Score 0.

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.

New Sparkle Roll International Group's current Net Income (TTM) was -613. New Sparkle Roll International Group's current Cash Flow from Operations (TTM) was 223. ==> 223 > -613 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=255.232/3419.349
=0.07464345

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=591.264/4356.822
=0.13570993

New Sparkle Roll International Group's gearing of this year was 0.07464345. New Sparkle Roll International Group's gearing of last year was 0.13570993. ==> 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

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=1203.323/991.977
=1.21305534

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1732.135/1127.33
=1.53649331

New Sparkle Roll International Group's current ratio of this year was 1.21305534. New Sparkle Roll International Group's current ratio of last year was 1.53649331. ==> 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.

New Sparkle Roll International Group's number of shares in issue this year was 382.939. New Sparkle Roll International Group's number of shares in issue last year was 355.64. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=306.347/3264.747
=0.09383484

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=578.128/3997.656
=0.14461675

New Sparkle Roll International Group's gross margin of this year was 0.09383484. New Sparkle Roll International Group's gross margin of last year was 0.14461675. ==> 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 (Mar23)
=3264.747/3985.96
=0.81906166

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3997.656/4727.684
=0.84558443

New Sparkle Roll International Group's asset turnover of this year was 0.81906166. New Sparkle Roll International Group's asset turnover of last year was 0.84558443. ==> 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
=0+1+0+1+1+0+0+0+0
=3

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

New Sparkle Roll International Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

New Sparkle Roll International Group  (HKSE:00970) 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.


New Sparkle Roll International Group Piotroski F-Score Related Terms

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New Sparkle Roll International Group Business Description

Traded in Other Exchanges
N/A
Address
60 Gloucester Road, 23rd Floor, China Huarong Tower, Wanchai, Hong Kong, HKG
New Sparkle Roll International Group Ltd is an investment holding company. The operating segments of the company include Auto dealerships; Non-auto dealerships; Property management and Others. The company generates maximum revenue from the Auto dealership segment which includes the distribution of branded automobiles, namely Bentley, Lamborghini, and Rolls-Royce, and the provision of related after-sales services. The Non-auto Dealership segment engages in the distribution of branded watches, jewelry, wines, audio equipment, menswear apparel, smokers accessories, and cigars. The Property Management and Others segment engages in the provision of property management, catering, property rental, money lending, movie development, and investment business.
Executives
Pro Honor Investment Limited 2401 A concert party to an agreement to buy shares
Qiu Peiyuan 2401 A concert party to an agreement to buy shares
Sze Ching Lau 2101 Beneficial owner
Lam Chi Kin 2401 A concert party to an agreement to buy shares
Tsui Chun Mei 2202 Interest of your spouse
Cha Jung Hoon 2401 A concert party to an agreement to buy shares
Ju Qinghao 2101 Beneficial owner
Yang Yun 2101 Beneficial owner
Qiu Peiyuan 2401 A concert party to an agreement to buy shares
Ho Chin Nang 2201 Interest of corporation controlled by you
Ubs Group Ag 2201 Interest of corporation controlled by you
Sparkle Roll Holdings Limited 2101 Beneficial owner
Tam Cho Wai Josephine
Xu Jiaying
Able Honour Holdings Limited

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