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East Buy Holding (HKSE:01797) Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

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

East Buy Holding 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 East Buy Holding's Piotroski F-Score or its related term are showing as below:

HKSE:01797' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 6

During the past 8 years, the highest Piotroski F-Score of East Buy Holding was 6. The lowest was 1. And the median was 4.


East Buy Holding Piotroski F-Score Historical Data

The historical data trend for East Buy Holding'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.

East Buy Holding Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23
Piotroski F-Score
Get a 7-Day Free Trial 4.00 1.00 3.00 3.00 6.00

East Buy Holding Semi-Annual Data
May16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 - 3.00 - 6.00 -

Competitive Comparison

For the Education & Training Services subindustry, East Buy Holding'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.


East Buy Holding Piotroski F-Score Distribution

For the Education industry and Consumer Defensive sector, East Buy Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where East Buy Holding'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 (May23) TTM:Last Year (May22) TTM:
Net Income was HK$1,090 Mil.
Cash Flow from Operations was HK$1,419 Mil.
Revenue was HK$5,060 Mil.
Gross Profit was HK$2,193 Mil.
Average Total Assets from the begining of this year (May22)
to the end of this year (May23) was (2412.924 + 4322.821) / 2 = HK$3367.8725 Mil.
Total Assets at the begining of this year (May22) was HK$2,413 Mil.
Long-Term Debt & Capital Lease Obligation was HK$20 Mil.
Total Current Assets was HK$3,856 Mil.
Total Current Liabilities was HK$1,154 Mil.
Net Income was HK$-626 Mil.

Revenue was HK$704 Mil.
Gross Profit was HK$458 Mil.
Average Total Assets from the begining of last year (May21)
to the end of last year (May22) was (3966.326 + 2412.924) / 2 = HK$3189.625 Mil.
Total Assets at the begining of last year (May21) was HK$3,966 Mil.
Long-Term Debt & Capital Lease Obligation was HK$25 Mil.
Total Current Assets was HK$1,982 Mil.
Total Current Liabilities was HK$461 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.

East Buy Holding's current Net Income (TTM) was 1,090. ==> 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.

East Buy Holding's current Cash Flow from Operations (TTM) was 1,419. ==> 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 (May22)
=1089.739/2412.924
=0.45162591

ROA (Last Year)=Net Income/Total Assets (May21)
=-625.617/3966.326
=-0.15773212

East Buy Holding's return on assets of this year was 0.45162591. East Buy Holding's return on assets of last year was -0.15773212. ==> 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.

East Buy Holding's current Net Income (TTM) was 1,090. East Buy Holding's current Cash Flow from Operations (TTM) was 1,419. ==> 1,419 > 1,090 ==> 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: May23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May22 to May23
=20.108/3367.8725
=0.00597053

Gearing (Last Year: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=24.886/3189.625
=0.00780217

East Buy Holding's gearing of this year was 0.00597053. East Buy Holding's gearing of last year was 0.00780217. ==> 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: May23)=Total Current Assets/Total Current Liabilities
=3856.063/1154.299
=3.34061019

Current Ratio (Last Year: May22)=Total Current Assets/Total Current Liabilities
=1981.853/460.848
=4.3004483

East Buy Holding's current ratio of this year was 3.34061019. East Buy Holding's current ratio of last year was 4.3004483. ==> 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.

East Buy Holding's number of shares in issue this year was 1064.502. East Buy Holding's number of shares in issue last year was 1000.707. ==> 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
=2193.162/5059.845
=0.4334445

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=457.949/703.617
=0.65084982

East Buy Holding's gross margin of this year was 0.4334445. East Buy Holding's gross margin of last year was 0.65084982. ==> 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 (May22)
=5059.845/2412.924
=2.09697653

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May21)
=703.617/3966.326
=0.17739767

East Buy Holding's asset turnover of this year was 2.09697653. East Buy Holding's asset turnover of last year was 0.17739767. ==> 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+1+1+1+0+0+0+1
=6

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

East Buy Holding has an F-score of 6 indicating the company's financial situation is typical for a stable company.

East Buy Holding  (HKSE:01797) 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.


East Buy Holding Piotroski F-Score Related Terms

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East Buy Holding (HKSE:01797) Business Description

Traded in Other Exchanges
Address
2 Haidian East Third Road, Level 18, South Wing, Haidian District, Beijing, CHN, 100080
East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments which include Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and direct e-commerce segment, i.e. direct online commerce with private label products sold to individual customers and providing services. commission service.

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