GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Strawbear Entertainment Group (HKSE:02125) » Definitions » Piotroski F-Score

Strawbear Entertainment Group (HKSE:02125) Piotroski F-Score : 3 (As of Dec. 13, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Strawbear Entertainment Group 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

Strawbear Entertainment Group 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 Strawbear Entertainment Group's Piotroski F-Score or its related term are showing as below:

HKSE:02125' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 3

During the past 7 years, the highest Piotroski F-Score of Strawbear Entertainment Group was 6. The lowest was 3. And the median was 5.


Strawbear Entertainment Group Piotroski F-Score Historical Data

The historical data trend for Strawbear Entertainment 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.

Strawbear Entertainment Group Piotroski F-Score Chart

Strawbear Entertainment Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 5.00 5.00 6.00 6.00 3.00

Strawbear Entertainment Group Semi-Annual Data
Dec17 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 - 6.00 - 3.00 -

Competitive Comparison of Strawbear Entertainment Group's Piotroski F-Score

For the Entertainment subindustry, Strawbear Entertainment 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.


Strawbear Entertainment Group's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Strawbear Entertainment Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Strawbear Entertainment 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$-120 Mil.
Cash Flow from Operations was HK$-59 Mil.
Revenue was HK$919 Mil.
Gross Profit was HK$69 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2783.482 + 2825.918) / 2 = HK$2804.7 Mil.
Total Assets at the begining of this year (Dec22) was HK$2,783 Mil.
Long-Term Debt & Capital Lease Obligation was HK$34 Mil.
Total Current Assets was HK$2,646 Mil.
Total Current Liabilities was HK$886 Mil.
Net Income was HK$57 Mil.

Revenue was HK$1,095 Mil.
Gross Profit was HK$245 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (3478.182 + 2783.482) / 2 = HK$3130.832 Mil.
Total Assets at the begining of last year (Dec21) was HK$3,478 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3 Mil.
Total Current Assets was HK$2,633 Mil.
Total Current Liabilities was HK$739 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.

Strawbear Entertainment Group's current Net Income (TTM) was -120. ==> 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.

Strawbear Entertainment Group's current Cash Flow from Operations (TTM) was -59. ==> 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)
=-119.558/2783.482
=-0.04295268

ROA (Last Year)=Net Income/Total Assets (Dec21)
=56.878/3478.182
=0.0163528

Strawbear Entertainment Group's return on assets of this year was -0.04295268. Strawbear Entertainment Group's return on assets of last year was 0.0163528. ==> 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.

Strawbear Entertainment Group's current Net Income (TTM) was -120. Strawbear Entertainment Group's current Cash Flow from Operations (TTM) was -59. ==> -59 > -120 ==> 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
=34.258/2804.7
=0.0122145

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2.51/3130.832
=0.0008017

Strawbear Entertainment Group's gearing of this year was 0.0122145. Strawbear Entertainment Group's gearing of last year was 0.0008017. ==> 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
=2646.177/886.247
=2.98582337

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2633.427/739.011
=3.56344763

Strawbear Entertainment Group's current ratio of this year was 2.98582337. Strawbear Entertainment Group's current ratio of last year was 3.56344763. ==> 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.

Strawbear Entertainment Group's number of shares in issue this year was 677.263. Strawbear Entertainment Group's number of shares in issue last year was 701.615. ==> 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
=69.189/919.499
=0.07524641

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=245.401/1095.411
=0.22402642

Strawbear Entertainment Group's gross margin of this year was 0.07524641. Strawbear Entertainment Group's gross margin of last year was 0.22402642. ==> 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)
=919.499/2783.482
=0.33034128

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1095.411/3478.182
=0.3149378

Strawbear Entertainment Group's asset turnover of this year was 0.33034128. Strawbear Entertainment Group's asset turnover of last year was 0.3149378. ==> 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
=0+0+0+1+0+0+1+0+1
=3

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

Strawbear Entertainment Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Strawbear Entertainment Group  (HKSE:02125) 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.


Strawbear Entertainment Group Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Strawbear Entertainment Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Strawbear Entertainment Group Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Jiangdong Zhong Road, Room 2508, Building A, Wanda Plaza, Jianye District, Jiangsu, Nanjing, CHN
Strawbear Entertainment Group is one of the drama series producers and distributors in China, covering the investment, development, production, and distribution of TV series and web series. The revenue is mostly generated from licensing the broadcasting rights of self-produced drama series to TV channels, online video platforms, or third-party distributors; licensing the broadcasting rights of outright-purchased drama series from online video platforms or drama series producers to TV channels, third-party distributors or online video platforms; and production services for made-to-order drama series per online video platforms' orders. the company earns its revenue from mainland china.
Executives
Liu Xiaofeng 2307 Founder of a discretionary trust who can infl
Master Sagittarius Holding Limited 2305 Beneficiary of a trust
Vistra Trust (hong Kong) Limited 2301 Trustee
Success Tale Enterprises Limited 2201 Interest of corporation controlled by you
Iqiyi, Inc. 2201 Interest of corporation controlled by you
Gorgeous Horizon Limited 2101 Beneficial owner
Ma Sean 2201 Interest of corporation controlled by you
Snow Lake Management Lp 2102 Investment manager
Snow Lake Management Llc 2201 Interest of corporation controlled by you
Snow Lake Capital (hk) Limited 2102 Investment manager
Snow Lake China Offshore Fund, Ltd. 2201 Interest of corporation controlled by you
Snow Lake China Master Fund, Ltd. 2101 Beneficial owner
Vistra Trust (singapore) Pte. Limited
Li Yanhong 2201 Interest of corporation controlled by you
Baidu, Inc. 2201 Interest of corporation controlled by you

Strawbear Entertainment Group Headlines

No Headlines