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Yues International Holdings Group (HKSE:01529) Piotroski F-Score : 1 (As of Mar. 23, 2025)


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What is Yues International Holdings Group Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 1 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

Yues International Holdings Group has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

HKSE:01529' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 6
Current: 1

During the past 9 years, the highest Piotroski F-Score of Yues International Holdings Group was 6. The lowest was 1. And the median was 5.


Yues International Holdings Group Piotroski F-Score Historical Data

The historical data trend for Yues International Holdings 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.

Yues International Holdings Group Piotroski F-Score Chart

Yues International Holdings Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 6.00 5.00 5.00 1.00

Yues International Holdings Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 5.00 - 1.00 -

Competitive Comparison of Yues International Holdings Group's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Yues International Holdings 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.


Yues International Holdings Group's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yues International Holdings Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yues International Holdings 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was HK$-37.7 Mil.
Cash Flow from Operations was HK$-37.0 Mil.
Revenue was HK$146.4 Mil.
Gross Profit was HK$-18.9 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (200.123 + 309.351) / 2 = HK$254.737 Mil.
Total Assets at the begining of this year (Dec22) was HK$200.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$21.4 Mil.
Total Current Assets was HK$221.8 Mil.
Total Current Liabilities was HK$112.5 Mil.
Net Income was HK$-0.2 Mil.

Revenue was HK$200.4 Mil.
Gross Profit was HK$10.2 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (225.971 + 200.123) / 2 = HK$213.047 Mil.
Total Assets at the begining of last year (Dec21) was HK$226.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4.7 Mil.
Total Current Assets was HK$132.1 Mil.
Total Current Liabilities was HK$34.6 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.

Yues International Holdings Group's current Net Income (TTM) was -37.7. ==> 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.

Yues International Holdings Group's current Cash Flow from Operations (TTM) was -37.0. ==> Negative ==> Score 0.

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 (Dec22)
=-37.66/200.123
=-0.18818427

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-0.19/225.971
=-0.00084082

Yues International Holdings Group's return on assets of this year was -0.18818427. Yues International Holdings Group's return on assets of last year was -0.00084082. ==> 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.

Yues International Holdings Group's current Net Income (TTM) was -37.7. Yues International Holdings Group's current Cash Flow from Operations (TTM) was -37.0. ==> -37.0 > -37.7 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=21.43/254.737
=0.08412598

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=4.73/213.047
=0.02220167

Yues International Holdings Group's gearing of this year was 0.08412598. Yues International Holdings Group's gearing of last year was 0.02220167. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=221.845/112.495
=1.9720432

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=132.141/34.577
=3.82164445

Yues International Holdings Group's current ratio of this year was 1.9720432. Yues International Holdings Group's current ratio of last year was 3.82164445. ==> 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.

Yues International Holdings Group's number of shares in issue this year was 105.066. Yues International Holdings Group's number of shares in issue last year was 92.188. ==> 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
=-18.904/146.436
=-0.12909394

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.188/200.431
=0.05083046

Yues International Holdings Group's gross margin of this year was -0.12909394. Yues International Holdings Group's gross margin of last year was 0.05083046. ==> 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 (Dec22)
=146.436/200.123
=0.73172999

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=200.431/225.971
=0.88697665

Yues International Holdings Group's asset turnover of this year was 0.73172999. Yues International Holdings Group's asset turnover of last year was 0.88697665. ==> 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+0+0+1+0+0+0+0+0
=1

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

Yues International Holdings Group has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Yues International Holdings Group  (HKSE:01529) 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.


Yues International Holdings Group Piotroski F-Score Related Terms

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Yues International Holdings Group Business Description

Traded in Other Exchanges
N/A
Address
Citic Plaza, No. 233, Tianhe Road North, Units 1301 and 1302, 13th Floor, Guangzhou, CHN
Yues International Holdings Group Ltd is engaged in the provision of transportation, warehousing, in-plant logistics and customisation services. The company operates in four business segments namely Transportation service; Warehousing service; In-plant logistics service; and Customisation service. It derives majority of the revenue from In-plant logistics service segment. The group principally operates in the PRC.
Executives
Portree Wealth Limited 2101 Beneficial owner
Zhu Zhijian 2201 Interest of corporation controlled by you
Dai Ting Ji 2101 Beneficial owner
Xie Zhi Min 2101 Beneficial owner
Zhong Bei Tou Zi Kong Gu Ji Tuan Hai Nan You Xian Gong Si 2101 Beneficial owner

Yues International Holdings Group Headlines

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