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Universe Entertainment And Culture Group Co (HKSE:01046) Piotroski F-Score : 7 (As of Apr. 23, 2025)


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What is Universe Entertainment And Culture Group 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

Universe Entertainment And Culture Group 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 Universe Entertainment And Culture Group Co's Piotroski F-Score or its related term are showing as below:

HKSE:01046' 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 Universe Entertainment And Culture Group Co was 7. The lowest was 3. And the median was 5.


Universe Entertainment And Culture Group Co Piotroski F-Score Historical Data

The historical data trend for Universe Entertainment And Culture Group 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.

Universe Entertainment And Culture Group Co Piotroski F-Score Chart

Universe Entertainment And Culture Group Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 4.00 5.00 7.00

Universe Entertainment And Culture Group Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 Universe Entertainment And Culture Group Co's Piotroski F-Score

For the Entertainment subindustry, Universe Entertainment And Culture Group 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.


Universe Entertainment And Culture Group Co's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Universe Entertainment And Culture Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Universe Entertainment And Culture Group 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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was HK$-30.4 Mil.
Cash Flow from Operations was HK$87.7 Mil.
Revenue was HK$365.3 Mil.
Gross Profit was HK$63.0 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was (951.565 + 737.412) / 2 = HK$844.4885 Mil.
Total Assets at the begining of this year (Jun23) was HK$951.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$6.1 Mil.
Total Current Assets was HK$196.9 Mil.
Total Current Liabilities was HK$428.9 Mil.
Net Income was HK$-92.8 Mil.

Revenue was HK$198.4 Mil.
Gross Profit was HK$29.4 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was (1072.987 + 951.565) / 2 = HK$1012.276 Mil.
Total Assets at the begining of last year (Jun22) was HK$1,073.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3.7 Mil.
Total Current Assets was HK$181.3 Mil.
Total Current Liabilities was HK$613.6 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.

Universe Entertainment And Culture Group Co's current Net Income (TTM) was -30.4. ==> 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.

Universe Entertainment And Culture Group Co's current Cash Flow from Operations (TTM) was 87.7. ==> 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 (Jun23)
=-30.441/951.565
=-0.03199046

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-92.757/1072.987
=-0.08644746

Universe Entertainment And Culture Group Co's return on assets of this year was -0.03199046. Universe Entertainment And Culture Group Co's return on assets of last year was -0.08644746. ==> 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.

Universe Entertainment And Culture Group Co's current Net Income (TTM) was -30.4. Universe Entertainment And Culture Group Co's current Cash Flow from Operations (TTM) was 87.7. ==> 87.7 > -30.4 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=6.083/844.4885
=0.00720318

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=3.657/1012.276
=0.00361265

Universe Entertainment And Culture Group Co's gearing of this year was 0.00720318. Universe Entertainment And Culture Group Co's gearing of last year was 0.00361265. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=196.905/428.861
=0.45913478

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=181.299/613.641
=0.29544799

Universe Entertainment And Culture Group Co's current ratio of this year was 0.45913478. Universe Entertainment And Culture Group Co's current ratio of last year was 0.29544799. ==> 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.

Universe Entertainment And Culture Group Co's number of shares in issue this year was 906.632. Universe Entertainment And Culture Group Co's number of shares in issue last year was 906.632. ==> 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
=62.965/365.257
=0.17238547

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=29.408/198.439
=0.14819668

Universe Entertainment And Culture Group Co's gross margin of this year was 0.17238547. Universe Entertainment And Culture Group Co's gross margin of last year was 0.14819668. ==> 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 (Jun23)
=365.257/951.565
=0.38384871

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=198.439/1072.987
=0.18494073

Universe Entertainment And Culture Group Co's asset turnover of this year was 0.38384871. Universe Entertainment And Culture Group Co's asset turnover of last year was 0.18494073. ==> 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
=0+1+1+1+0+1+1+1+1
=7

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

Universe Entertainment And Culture Group Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Universe Entertainment And Culture Group Co  (HKSE:01046) 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.


Universe Entertainment And Culture Group Co Piotroski F-Score Related Terms

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Universe Entertainment And Culture Group Co Business Description

Traded in Other Exchanges
N/A
Address
192-200 Tai Lin Pai Road, 18th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG
Universe Entertainment And Culture Group Co Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Video distribution, film distribution and exhibition, licensing and sublicensing of film rights; Trading, wholesaling, and retailing of optical products and watches products; Leasing of investment properties; Securities investments; Financial printing services; and Others. Geographically, it derives key revenue from Hong Kong, and the rest from the People's Republic of China, Other Asian countries, and other regions. The company generates maximum revenue from Video distribution, film distribution and exhibition, licensing, and sublicensing of film rights segment.
Executives
Pioneer Entertainment Group Limited 2101 Beneficial owner
Lam Shiu Ming, Daneil 2201 Interest of corporation controlled by you

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