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Prosper One International Holdings Co (HKSE:01470) Piotroski F-Score : 6 (As of Apr. 26, 2024)


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What is Prosper One International Holdings 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

Prosper One International Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Prosper One International Holdings Co's Piotroski F-Score or its related term are showing as below:

HKSE:01470' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 6
Current: 6

During the past 10 years, the highest Piotroski F-Score of Prosper One International Holdings Co was 6. The lowest was 2. And the median was 6.


Prosper One International Holdings Co Piotroski F-Score Historical Data

The historical data trend for Prosper One International Holdings 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.

Prosper One International Holdings Co Piotroski F-Score Chart

Prosper One International Holdings Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 6.00 6.00 6.00

Prosper One International Holdings Co Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 -

Competitive Comparison of Prosper One International Holdings Co's Piotroski F-Score

For the Luxury Goods subindustry, Prosper One International Holdings 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.


Prosper One International Holdings Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Prosper One International Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Prosper One International Holdings 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 (Apr23) TTM:Last Year (Apr22) TTM:
Net Income was HK$-2.66 Mil.
Cash Flow from Operations was HK$38.46 Mil.
Revenue was HK$41.51 Mil.
Gross Profit was HK$36.51 Mil.
Average Total Assets from the begining of this year (Apr22)
to the end of this year (Apr23) was (163.86 + 201.597) / 2 = HK$182.7285 Mil.
Total Assets at the begining of this year (Apr22) was HK$163.86 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$201.26 Mil.
Total Current Liabilities was HK$184.74 Mil.
Net Income was HK$-6.45 Mil.

Revenue was HK$75.27 Mil.
Gross Profit was HK$40.62 Mil.
Average Total Assets from the begining of last year (Apr21)
to the end of last year (Apr22) was (185.802 + 163.86) / 2 = HK$174.831 Mil.
Total Assets at the begining of last year (Apr21) was HK$185.80 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.14 Mil.
Total Current Assets was HK$163.45 Mil.
Total Current Liabilities was HK$142.08 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.

Prosper One International Holdings Co's current Net Income (TTM) was -2.66. ==> 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.

Prosper One International Holdings Co's current Cash Flow from Operations (TTM) was 38.46. ==> 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 (Apr22)
=-2.657/163.86
=-0.01621506

ROA (Last Year)=Net Income/Total Assets (Apr21)
=-6.446/185.802
=-0.03469285

Prosper One International Holdings Co's return on assets of this year was -0.01621506. Prosper One International Holdings Co's return on assets of last year was -0.03469285. ==> 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.

Prosper One International Holdings Co's current Net Income (TTM) was -2.66. Prosper One International Holdings Co's current Cash Flow from Operations (TTM) was 38.46. ==> 38.46 > -2.66 ==> 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: Apr23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr22 to Apr23
=0/182.7285
=0

Gearing (Last Year: Apr22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr21 to Apr22
=0.135/174.831
=0.00077217

Prosper One International Holdings Co's gearing of this year was 0. Prosper One International Holdings Co's gearing of last year was 0.00077217. ==> 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: Apr23)=Total Current Assets/Total Current Liabilities
=201.261/184.744
=1.0894048

Current Ratio (Last Year: Apr22)=Total Current Assets/Total Current Liabilities
=163.45/142.079
=1.15041632

Prosper One International Holdings Co's current ratio of this year was 1.0894048. Prosper One International Holdings Co's current ratio of last year was 1.15041632. ==> 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.

Prosper One International Holdings Co's number of shares in issue this year was 800. Prosper One International Holdings Co's number of shares in issue last year was 800. ==> 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
=36.505/41.51
=0.87942664

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=40.622/75.269
=0.53969098

Prosper One International Holdings Co's gross margin of this year was 0.87942664. Prosper One International Holdings Co's gross margin of last year was 0.53969098. ==> 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 (Apr22)
=41.51/163.86
=0.25332601

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr21)
=75.269/185.802
=0.40510328

Prosper One International Holdings Co's asset turnover of this year was 0.25332601. Prosper One International Holdings Co's asset turnover of last year was 0.40510328. ==> 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+1+1+1+0+1+1+0
=6

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

Prosper One International Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Prosper One International Holdings Co  (HKSE:01470) 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.


Prosper One International Holdings Co Piotroski F-Score Related Terms

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Prosper One International Holdings Co (HKSE:01470) Business Description

Traded in Other Exchanges
N/A
Address
151 Gloucester Road, Room 1403, 14th Floor, Capital Centre, Wanchai, Hong Kong, HKG
Prosper One International Holdings Co Ltd and its subsidiaries are engaged in the retail of mid-end watches in Hong Kong. It offers a wide range of branded mid-end watches with diverse design, style and functionality for business and casual uses, mainly targeting mid-income consumers and tourists. The company operates through three segments which include Retail business of watches, Wholesalers business of watches, and Trading of fertilisers and other products, with maximum revenue from Retail segment. Goegraphically, the company operates in the People's Republic of China and Hong Kong, with maximum revenue from Hong Kong.

Prosper One International Holdings Co (HKSE:01470) Headlines

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