What is Suzhou Basecare Medical 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
Suzhou Basecare Medical 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 Suzhou Basecare Medical's Piotroski F-Score or its related term are showing as below:
HKSE:02170'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 3
During the past 6 years, the highest Piotroski F-Score of Suzhou Basecare Medical was 5. The lowest was 1. And the median was 4.
Suzhou Basecare Medical Piotroski F-Score Historical Data
The historical data trend for Suzhou Basecare Medical'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.
Competitive Comparison of Suzhou Basecare Medical's Piotroski F-Score
For the Medical Devices subindustry, Suzhou Basecare Medical'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.
Suzhou Basecare Medical's Piotroski F-Score Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Suzhou Basecare Medical's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Suzhou Basecare Medical'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.
*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.
Suzhou Basecare Medical's current Net Income (TTM) was -209.7.
==> 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.
Suzhou Basecare Medical's current Cash Flow from Operations (TTM) was -292.3.
==> 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.
Suzhou Basecare Medical's return on assets of this year was -0.10548482. Suzhou Basecare Medical's return on assets of last year was -0.06211927.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Suzhou Basecare Medical's gearing of this year was 0.14358657. Suzhou Basecare Medical's gearing of last year was 0.03909631.
==> 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
Suzhou Basecare Medical's current ratio of this year was 6.22315605. Suzhou Basecare Medical's current ratio of last year was 13.33538406.
==> 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.
Suzhou Basecare Medical's number of shares in issue this year was 273.526. Suzhou Basecare Medical's number of shares in issue last year was 273.526.
==> 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.
Suzhou Basecare Medical's gross margin of this year was 0.43923861. Suzhou Basecare Medical's gross margin of last year was 0.42248294.
==> This year's gross margin is higher. ==> Score 1.
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
Suzhou Basecare Medical's asset turnover of this year was 0.11444993. Suzhou Basecare Medical's asset turnover of last year was 0.07135456.
==> 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
+
0
+
0
+
0
+
1
+
1
+
1
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Suzhou Basecare Medical has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Suzhou Basecare Medical (HKSE:02170) 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.
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.
Suzhou Basecare Medical Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Suzhou Basecare Medical's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Suzhou Basecare Medical (HKSE:02170) Business Description
Suzhou Basecare Medical Corp Ltd is engaged in providing genetic testing solutions for assisted human reproduction. The company generates revenues from Sales of testing kits, followed by Sales of testing devices and instruments. Basecare focuses on the assisted reproductive sector, such as pre-implantation genetic screening and diagnosis, non-invasive prenatal DNA testing, and chromosome abnormalities testing. It generates revenue from China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02170 has been successfully added to your 