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JS Global Lifestyle Co (HKSE:01691) Piotroski F-Score : 5 (As of Dec. 14, 2024)


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What is JS Global Lifestyle 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

JS Global Lifestyle 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 JS Global Lifestyle Co's Piotroski F-Score or its related term are showing as below:

HKSE:01691' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of JS Global Lifestyle Co was 8. The lowest was 5. And the median was 6.


JS Global Lifestyle Co Piotroski F-Score Historical Data

The historical data trend for JS Global Lifestyle 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.

JS Global Lifestyle Co Piotroski F-Score Chart

JS Global Lifestyle Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 8.00 7.00 6.00 5.00 5.00

JS Global Lifestyle Co Semi-Annual Data
Dec16 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 - 5.00 - 5.00 -

Competitive Comparison of JS Global Lifestyle Co's Piotroski F-Score

For the Furnishings, Fixtures & Appliances subindustry, JS Global Lifestyle 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.


JS Global Lifestyle Co's Piotroski F-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JS Global Lifestyle Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where JS Global Lifestyle 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was HK$1,029 Mil.
Cash Flow from Operations was HK$2,438 Mil.
Revenue was HK$11,158 Mil.
Gross Profit was HK$3,800 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (36091.674 + 10959.422) / 2 = HK$23525.548 Mil.
Total Assets at the begining of this year (Dec22) was HK$36,092 Mil.
Long-Term Debt & Capital Lease Obligation was HK$25 Mil.
Total Current Assets was HK$7,981 Mil.
Total Current Liabilities was HK$5,426 Mil.
Net Income was HK$2,587 Mil.

Revenue was HK$11,487 Mil.
Gross Profit was HK$4,176 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (37503.917 + 36091.674) / 2 = HK$36797.7955 Mil.
Total Assets at the begining of last year (Dec21) was HK$37,504 Mil.
Long-Term Debt & Capital Lease Obligation was HK$6,145 Mil.
Total Current Assets was HK$20,103 Mil.
Total Current Liabilities was HK$12,418 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.

JS Global Lifestyle Co's current Net Income (TTM) was 1,029. ==> 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.

JS Global Lifestyle Co's current Cash Flow from Operations (TTM) was 2,438. ==> 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 (Dec22)
=1028.605/36091.674
=0.02849979

ROA (Last Year)=Net Income/Total Assets (Dec21)
=2586.886/37503.917
=0.06897642

JS Global Lifestyle Co's return on assets of this year was 0.02849979. JS Global Lifestyle Co's return on assets of last year was 0.06897642. ==> 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.

JS Global Lifestyle Co's current Net Income (TTM) was 1,029. JS Global Lifestyle Co's current Cash Flow from Operations (TTM) was 2,438. ==> 2,438 > 1,029 ==> 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
=24.812/23525.548
=0.00105468

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=6144.604/36797.7955
=0.16698294

JS Global Lifestyle Co's gearing of this year was 0.00105468. JS Global Lifestyle Co's gearing of last year was 0.16698294. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=7980.905/5425.921
=1.47088485

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=20102.907/12417.931
=1.61886123

JS Global Lifestyle Co's current ratio of this year was 1.47088485. JS Global Lifestyle Co's current ratio of last year was 1.61886123. ==> 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.

JS Global Lifestyle Co's number of shares in issue this year was 3423.845. JS Global Lifestyle Co's number of shares in issue last year was 3418.257. ==> 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
=3800.124/11157.908
=0.34057675

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4175.98/11487.404
=0.36352687

JS Global Lifestyle Co's gross margin of this year was 0.34057675. JS Global Lifestyle Co's gross margin of last year was 0.36352687. ==> 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)
=11157.908/36091.674
=0.30915463

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=11487.404/37503.917
=0.30629878

JS Global Lifestyle Co's asset turnover of this year was 0.30915463. JS Global Lifestyle Co's asset turnover of last year was 0.30629878. ==> 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
=1+1+0+1+1+0+0+0+1
=5

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

JS Global Lifestyle Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

JS Global Lifestyle Co  (HKSE:01691) 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.


JS Global Lifestyle Co Piotroski F-Score Related Terms

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JS Global Lifestyle Co Business Description

Traded in Other Exchanges
Address
238 Des Voeux Road Central, 21st Floor, Sheung Wan, Hong Kong, HKG
JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja. The company generates maximum revenue from SharkNinja segment. Its SharkNinja segment is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products and small kitchen appliances products. Its Joyoung segment is involved in the design, manufacture, marketing, export and distribution of small kitchen electrical appliances. The company earns majority of its revenue from SharkNinja segment.
Executives
Han Run 2101 Beneficial owner
Wang Xuning 2101 Beneficial owner
Yang Ningning 2101 Beneficial owner
Guo De Er Limited 2103 Interests held jointly with another person
Wang Family Global Limited 2103 Interests held jointly with another person
Hannah Han Family Global Limited 2103 Interests held jointly with another person
Hannah Han Family Holdings Limited 2103 Interests held jointly with another person
He Guang Limited 2103 Interests held jointly with another person
Hongjin Family Company Limited 2103 Interests held jointly with another person
Hongjin Global Company Limited 2103 Interests held jointly with another person
Hongtao Holding Company Limited 2103 Interests held jointly with another person
Huang Family Global Limited 2103 Interests held jointly with another person
J&z Family Global Limited 2103 Interests held jointly with another person
Jiang Family Global Limited 2103 Interests held jointly with another person
L&w Everlasting Holdings Limited 2103 Interests held jointly with another person

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