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Ruifeng Power Group Co (HKSE:02025) Piotroski F-Score : 6 (As of Mar. 30, 2025)


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What is Ruifeng Power Group 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

Ruifeng Power Group 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 Ruifeng Power Group Co's Piotroski F-Score or its related term are showing as below:

HKSE:02025' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 10 years, the highest Piotroski F-Score of Ruifeng Power Group Co was 7. The lowest was 4. And the median was 6.


Ruifeng Power Group Co Piotroski F-Score Historical Data

The historical data trend for Ruifeng Power Group 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.

Ruifeng Power Group Co Piotroski F-Score Chart

Ruifeng Power Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 6.00 4.00 6.00

Ruifeng Power Group Co Semi-Annual Data
Dec14 Dec15 Jun16 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 Premium Member Only Premium Member Only - 4.00 - 6.00 -

Competitive Comparison of Ruifeng Power Group Co's Piotroski F-Score

For the Auto Parts subindustry, Ruifeng Power Group 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.


Ruifeng Power Group Co's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ruifeng Power Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ruifeng Power Group Co's Piotroski F-Score falls into.


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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$12.3 Mil.
Cash Flow from Operations was HK$141.6 Mil.
Revenue was HK$785.9 Mil.
Gross Profit was HK$95.9 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (1791.217 + 1792.857) / 2 = HK$1792.037 Mil.
Total Assets at the begining of this year (Dec22) was HK$1,791.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$155.7 Mil.
Total Current Assets was HK$697.7 Mil.
Total Current Liabilities was HK$528.1 Mil.
Net Income was HK$22.8 Mil.

Revenue was HK$670.6 Mil.
Gross Profit was HK$108.8 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (1850.997 + 1791.217) / 2 = HK$1821.107 Mil.
Total Assets at the begining of last year (Dec21) was HK$1,851.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.5 Mil.
Total Current Assets was HK$685.9 Mil.
Total Current Liabilities was HK$646.2 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.

Ruifeng Power Group Co's current Net Income (TTM) was 12.3. ==> 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.

Ruifeng Power Group Co's current Cash Flow from Operations (TTM) was 141.6. ==> 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)
=12.325/1791.217
=0.0068808

ROA (Last Year)=Net Income/Total Assets (Dec21)
=22.794/1850.997
=0.01231444

Ruifeng Power Group Co's return on assets of this year was 0.0068808. Ruifeng Power Group Co's return on assets of last year was 0.01231444. ==> 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.

Ruifeng Power Group Co's current Net Income (TTM) was 12.3. Ruifeng Power Group Co's current Cash Flow from Operations (TTM) was 141.6. ==> 141.6 > 12.3 ==> 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
=155.672/1792.037
=0.08686874

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2.51/1821.107
=0.00137828

Ruifeng Power Group Co's gearing of this year was 0.08686874. Ruifeng Power Group Co's gearing of last year was 0.00137828. ==> 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
=697.683/528.141
=1.32101655

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=685.881/646.247
=1.06132949

Ruifeng Power Group Co's current ratio of this year was 1.32101655. Ruifeng Power Group Co's current ratio of last year was 1.06132949. ==> This year's current ratio is higher. ==> Score 1.

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.

Ruifeng Power Group Co's number of shares in issue this year was 800. Ruifeng Power Group 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
=95.931/785.866
=0.12207043

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=108.842/670.573
=0.16231193

Ruifeng Power Group Co's gross margin of this year was 0.12207043. Ruifeng Power Group Co's gross margin of last year was 0.16231193. ==> 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)
=785.866/1791.217
=0.438733

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=670.573/1850.997
=0.36227665

Ruifeng Power Group Co's asset turnover of this year was 0.438733. Ruifeng Power Group Co's asset turnover of last year was 0.36227665. ==> 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+0+1+1+0+1
=6

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

Ruifeng Power Group Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Ruifeng Power Group Co  (HKSE:02025) 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.


Ruifeng Power Group Co Piotroski F-Score Related Terms

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Ruifeng Power Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 69, Middle of East Taishan Road, Hebei Province, Shenzhou, CHN, 053800
Ruifeng Power Group Co Ltd, along with its subsidiaries, is principally engaged in the design, manufacture, and sale of cylinder blocks and cylinder heads. The group operates in the business segments of Cylinder blocks; Cylinder heads and Ancillary cylinder block components. It derives a majority of the revenue from the Cylinder blocks segment which includes mainly the research, development, manufacture, and sale of cylinder blocks. It offers cylinder blocks for passenger vehicles, commercial vehicles, and industrial vehicles. The group's revenue is majorly generated from sales to customers in the PRC.
Executives
Radiant Path Holdings Limited 2101 Beneficial owner
Zhu Yunchuan 2202 Interest of your spouse
Zhang Zhanbiao 2201 Interest of corporation controlled by you
Rosy Raise Limited 2101 Beneficial owner
Liu Meiling 2201 Interest of corporation controlled by you
Li Xunye 2202 Interest of your spouse
Great Ally Enterprises Limited 2101 Beneficial owner
Yin Shujuan 2202 Interest of your spouse
Wang Shiying 2201 Interest of corporation controlled by you
Dragon Rise Ventures Limited 2101 Beneficial owner
Zhao Jingmei 2202 Interest of your spouse
Zhang Yuexuan 2201 Interest of corporation controlled by you
Xiao Zhiru 2202 Interest of your spouse
Wang Sujuan 2202 Interest of your spouse
Meng Lianzhou 2201 Interest of corporation controlled by you

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