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Dynagreen Environmental Protection Group Co (HKSE:01330) Piotroski F-Score : N/A (As of May. 09, 2024)


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What is Dynagreen Environmental Protection Group Co Piotroski F-Score?

The zones of discrimination were as such:

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

Dynagreen Environmental Protection Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Dynagreen Environmental Protection Group Co's Piotroski F-Score or its related term are showing as below:

During the past 11 years, the highest Piotroski F-Score of Dynagreen Environmental Protection Group Co was 6. The lowest was 1. And the median was 2.


Dynagreen Environmental Protection Group Co Piotroski F-Score Historical Data

The historical data trend for Dynagreen Environmental Protection 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.

Dynagreen Environmental Protection Group Co Piotroski F-Score Chart

Dynagreen Environmental Protection Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 2.00 1.00 5.00 6.00

Dynagreen Environmental Protection Group Co Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.00 N/A 6.00 N/A

Competitive Comparison of Dynagreen Environmental Protection Group Co's Piotroski F-Score

For the Waste Management subindustry, Dynagreen Environmental Protection 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.


Dynagreen Environmental Protection Group Co's Piotroski F-Score Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Dynagreen Environmental Protection Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dynagreen Environmental Protection Group Co'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 211.615 + 184.328 + 102.147 + 150.834 = HK$649 Mil.
Cash Flow from Operations was 202.008 + 0 + 0 + 243.301 = HK$445 Mil.
Revenue was 1204.174 + 966.003 + 999.175 + 874.339 = HK$4,044 Mil.
Gross Profit was 428.502 + 421.01 + 395.385 + 386.198 = HK$1,631 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(0 + 24823.154 + 24346.99 + 24650.786 + 24607.9) / 5 = HK$24607.2075 Mil.
Total Assets at the begining of this year (Mar23) was HK$0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$10,162 Mil.
Total Current Assets was HK$4,484 Mil.
Total Current Liabilities was HK$4,250 Mil.
Net Income was 0 + 194.669 + 172.133 + 194.297 = HK$561 Mil.

Revenue was 0 + 1235.618 + 1339.602 + 1185.221 = HK$3,760 Mil.
Gross Profit was 0 + 435.276 + 408.78 + 430.573 = HK$1,275 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Mar23) was
(24751.954 + 26318.258 + 0 + 25324.231 + 0) / 5 = HK$25464.81433333 Mil.
Total Assets at the begining of last year (Dec21) was HK$24,752 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$0 Mil.
Total Current Liabilities was HK$0 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.

Dynagreen Environmental Protection Group Co's current Net Income (TTM) was 649. ==> 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.

Dynagreen Environmental Protection Group Co's current Cash Flow from Operations (TTM) was 445. ==> 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)
=648.924/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=561.099/24751.954
=0.02266888

Dynagreen Environmental Protection Group Co's return on assets of this year was . Dynagreen Environmental Protection Group Co's return on assets of last year was 0.02266888. ==> 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.

Dynagreen Environmental Protection Group Co's current Net Income (TTM) was 649. Dynagreen Environmental Protection Group Co's current Cash Flow from Operations (TTM) was 445. ==> 445 <= 649 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=10161.535/24607.2075
=0.41294954

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Mar23
=0/25464.81433333
=0

Dynagreen Environmental Protection Group Co's gearing of this year was 0.41294954. Dynagreen Environmental Protection Group Co's gearing of last year was 0. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=4483.842/4249.851
=1.05505864

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=0/0
=

Dynagreen Environmental Protection Group Co's current ratio of this year was 1.05505864. Dynagreen Environmental Protection Group Co's current ratio of last year was . ==> 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.

Dynagreen Environmental Protection Group Co's number of shares in issue this year was 1388.514. Dynagreen Environmental Protection Group Co's number of shares in issue last year was 1550.781. ==> 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
=1631.095/4043.691
=0.40336786

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1274.629/3760.441
=0.33895732

Dynagreen Environmental Protection Group Co's gross margin of this year was 0.40336786. Dynagreen Environmental Protection Group Co's gross margin of last year was 0.33895732. ==> 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 (Mar23)
=4043.691/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=3760.441/24751.954
=0.15192502

Dynagreen Environmental Protection Group Co's asset turnover of this year was . Dynagreen Environmental Protection Group Co's asset turnover of last year was 0.15192502. ==> 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
=1+1+0+0+0+1+1+1+0
=5

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

Dynagreen Environmental Protection Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Dynagreen Environmental Protection Group Co  (HKSE:01330) 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.


Dynagreen Environmental Protection Group Co Piotroski F-Score Related Terms

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Dynagreen Environmental Protection Group Co (HKSE:01330) Business Description

Traded in Other Exchanges
Address
007 Keji South 12th Street, Jiuzhou Electronic Building, 2nd Floor, Northeastern Wing, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057
Dynagreen Environmental Protection Group Co Ltd invests, constructs, operates, and maintains waste-to-energy plants that use waste incineration technology in China. Business activity of the group is operated under the build-operate-transfer and build-transfer arrangements. In addition, it also provides technical consulting service for these facilities.

Dynagreen Environmental Protection Group Co (HKSE:01330) Headlines

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