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
Kuaishou Technology 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 Kuaishou Technology's Piotroski F-Score or its related term are showing as below:
HKSE:01024'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 7
During the past 8 years, the highest Piotroski F-Score of Kuaishou Technology was 7. The lowest was 4. And the median was 6.
Kuaishou Technology Piotroski F-Score Historical Data
The historical data trend for Kuaishou Technology'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.
Competitive Comparison of Kuaishou Technology's Piotroski F-Score
For the Internet Content & Information subindustry, Kuaishou Technology'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.
Kuaishou Technology's Piotroski F-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Kuaishou Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kuaishou Technology'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.
This Year (Dec24) TTM:
Last Year (Dec23) TTM:
Net Income was 4474.476 + 4283.567 + 3598.218 + 4237.59 = HK$16,594 Mil. Cash Flow from Operations was 6296.203 + 8190.343 + 8525.398 + 9224.687 = HK$32,237 Mil. Revenue was 31945.953 + 33345.934 + 34276.656 + 37778.508 = HK$137,347 Mil. Gross Profit was 17511.18 + 18446.573 + 18623.088 + 20417.093 = HK$74,998 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(116264.32 + 0 + 128968.833 + 0 + 149338.495) / 5 = HK$131523.88266667 Mil. Total Assets at the begining of this year (Dec23) was HK$116,264 Mil. Long-Term Debt & Capital Lease Obligation was HK$19,074 Mil. Total Current Assets was HK$67,123 Mil. Total Current Liabilities was HK$63,877 Mil.
Net Income was 0 + 1618.795 + 0 + 0 = HK$1,619 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.
Kuaishou Technology's current Net Income (TTM) was 16,594.
==> 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.
Kuaishou Technology's return on assets of this year was 0.14272522. Kuaishou Technology's return on assets of last year was 0.0162317.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kuaishou Technology's gearing of this year was 0.14502279. Kuaishou Technology's gearing of last year was 0.08703837.
==> 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
Kuaishou Technology's current ratio of this year was 1.05082905. Kuaishou Technology's current ratio of last year was 1.23746362.
==> 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.
Kuaishou Technology's number of shares in issue this year was 4406. Kuaishou Technology's number of shares in issue last year was 4441.
==> 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.
Kuaishou Technology's gross margin of this year was 0.54604692. Kuaishou Technology's gross margin of last year was 0.50223472.
==> 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
Kuaishou Technology's asset turnover of this year was 1.18133449. Kuaishou Technology's asset turnover of last year was 0.30427868.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kuaishou Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
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.
Kuaishou Technology Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Kuaishou Technology's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kuaishou Technology is a social media platform on which users can share short-form videos that are up to 5 minutes long. The audience engages with the platform by looking at different videos on demand at any time, similar to TikTok. About 53% of revenue is generated from advertising, mainly in the form of targeted ads related to the video content—known as closed-loop ads—but also from outside unrelated brands. Kuaishou also generates livestream revenue by selling virtual gifts to fans that are donated to performers. It also has livestreaming e-commerce, where users purchase products related to the video, generating commission from each transaction. Kuaishou competes mainly with ByteDance's Douyin, as both are short-form video platforms. Tencent owns 19% of Kuaishou.
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