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Landsea Green Life Service Co (HKSE:01965) Piotroski F-Score : 3 (As of Jun. 10, 2024)


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What is Landsea Green Life Service Co Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 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

Landsea Green Life Service Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Landsea Green Life Service Co's Piotroski F-Score or its related term are showing as below:

HKSE:01965' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 6 years, the highest Piotroski F-Score of Landsea Green Life Service Co was 8. The lowest was 3. And the median was 5.


Landsea Green Life Service Co Piotroski F-Score Historical Data

The historical data trend for Landsea Green Life Service 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.

Landsea Green Life Service Co Piotroski F-Score Chart

Landsea Green Life Service Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 8.00 6.00 3.00 3.00

Landsea Green Life Service Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 - 3.00 - 3.00

Competitive Comparison of Landsea Green Life Service Co's Piotroski F-Score

For the Real Estate - Diversified subindustry, Landsea Green Life Service 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.


Landsea Green Life Service Co's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Landsea Green Life Service Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Landsea Green Life Service 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$-147 Mil.
Cash Flow from Operations was HK$131 Mil.
Revenue was HK$1,019 Mil.
Gross Profit was HK$159 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (1184.809 + 1189.842) / 2 = HK$1187.3255 Mil.
Total Assets at the begining of this year (Dec22) was HK$1,185 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1 Mil.
Total Current Assets was HK$756 Mil.
Total Current Liabilities was HK$877 Mil.
Net Income was HK$32 Mil.

Revenue was HK$993 Mil.
Gross Profit was HK$221 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (1038.326 + 1184.809) / 2 = HK$1111.5675 Mil.
Total Assets at the begining of last year (Dec21) was HK$1,038 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1 Mil.
Total Current Assets was HK$1,002 Mil.
Total Current Liabilities was HK$727 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.

Landsea Green Life Service Co's current Net Income (TTM) was -147. ==> 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.

Landsea Green Life Service Co's current Cash Flow from Operations (TTM) was 131. ==> 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)
=-146.821/1184.809
=-0.12391955

ROA (Last Year)=Net Income/Total Assets (Dec21)
=31.737/1038.326
=0.03056554

Landsea Green Life Service Co's return on assets of this year was -0.12391955. Landsea Green Life Service Co's return on assets of last year was 0.03056554. ==> 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.

Landsea Green Life Service Co's current Net Income (TTM) was -147. Landsea Green Life Service Co's current Cash Flow from Operations (TTM) was 131. ==> 131 > -147 ==> 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
=0.821/1187.3255
=0.00069147

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0.561/1111.5675
=0.00050469

Landsea Green Life Service Co's gearing of this year was 0.00069147. Landsea Green Life Service Co's gearing of last year was 0.00050469. ==> 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
=756.093/876.59
=0.86253893

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1001.924/727.226
=1.37773402

Landsea Green Life Service Co's current ratio of this year was 0.86253893. Landsea Green Life Service Co's current ratio of last year was 1.37773402. ==> 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.

Landsea Green Life Service Co's number of shares in issue this year was 384.827. Landsea Green Life Service Co's number of shares in issue last year was 386.503. ==> 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
=159.01/1018.609
=0.15610504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=221.342/993.266
=0.22284262

Landsea Green Life Service Co's gross margin of this year was 0.15610504. Landsea Green Life Service Co's gross margin of last year was 0.22284262. ==> 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)
=1018.609/1184.809
=0.85972423

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=993.266/1038.326
=0.95660322

Landsea Green Life Service Co's asset turnover of this year was 0.85972423. Landsea Green Life Service Co's asset turnover of last year was 0.95660322. ==> 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+0+1+0+0+1+0+0
=3

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

Landsea Green Life Service Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Landsea Green Life Service Co  (HKSE:01965) 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.


Landsea Green Life Service Co Piotroski F-Score Related Terms

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Landsea Green Life Service Co (HKSE:01965) Business Description

Traded in Other Exchanges
N/A
Address
98 Jianye Road, 10th-11th Floor, Qinhuai District, Jiangsu Province, Nanjing, CHN, 210004
Landsea Green Life Service Co Ltd is a China-based investment holding company that provides property management services. The Company mainly operates through three sectors: property management services, non-owner value-added services, and community value-added services. Property management services include security, cleaning, gardening and landscaping, parking lot management, and daily maintenance and maintenance services. Value-added services for non-owners mainly include case services, pre-consultancy services, other pre-services, and the provision of property agency services. Community value-added services include home life services, public resource management services, and second-hand housing property agency services. Its properties include residential and non-residential properties.
Executives
Tian Ming 2201 Interest of corporation controlled by you
Honor Limited 2101 Beneficial owner
Tian Family Investment Pte. Ltd. 2101 Beneficial owner
Tian Family Holding Pte. Ltd. 2201 Interest of corporation controlled by you
Lin Bofeng 2101 Beneficial owner
Nan Jing Xin Gong Tou Zi Ji Tuan You Xian Ze Ren Gong Si 2201 Interest of corporation controlled by you
Nan Jing Fang Zhi Pin Jin Chu Kou Gu Fen You Xian Gong Si 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission Of Nanjing Municipal Government 2201 Interest of corporation controlled by you
Nanjing Urban Construction Investment Holdings (group) Co., Ltd. 2201 Interest of corporation controlled by you
Nanjing Tourism Group Co., Ltd. 2201 Interest of corporation controlled by you
Nanjing State-owned Assets Investment Management Holdings (group) Co., Ltd. 2201 Interest of corporation controlled by you
Lucky Front Investments Limited 2101 Beneficial owner
Chen Huaijun 2201 Interest of corporation controlled by you
Murong Xinyao 2202 Interest of your spouse
Lin Jinfeng 2101 Beneficial owner

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