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Cloud Factory Technology Holdings (HKSE:02512) Piotroski F-Score : 7 (As of Apr. 21, 2025)


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What is Cloud Factory Technology Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Cloud Factory Technology Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Cloud Factory Technology Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:02512' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

During the past 4 years, the highest Piotroski F-Score of Cloud Factory Technology Holdings was 7. The lowest was 7. And the median was 7.


Cloud Factory Technology Holdings Piotroski F-Score Historical Data

The historical data trend for Cloud Factory Technology Holdings'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.

Cloud Factory Technology Holdings Piotroski F-Score Chart

Cloud Factory Technology Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 7.00 -

Cloud Factory Technology Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Piotroski F-Score Get a 7-Day Free Trial N/A - 7.00 - -

Competitive Comparison of Cloud Factory Technology Holdings's Piotroski F-Score

For the Information Technology Services subindustry, Cloud Factory Technology Holdings'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.


Cloud Factory Technology Holdings's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Cloud Factory Technology Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cloud Factory Technology Holdings'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$15.2 Mil.
Cash Flow from Operations was HK$37.1 Mil.
Revenue was HK$761.2 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 (349.841 + 548.794) / 2 = HK$449.3175 Mil.
Total Assets at the begining of this year (Dec22) was HK$349.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.7 Mil.
Total Current Assets was HK$435.2 Mil.
Total Current Liabilities was HK$488.0 Mil.
Net Income was HK$9.0 Mil.

Revenue was HK$612.8 Mil.
Gross Profit was HK$77.0 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (309.711 + 349.841) / 2 = HK$329.776 Mil.
Total Assets at the begining of last year (Dec21) was HK$309.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$332.1 Mil.
Total Current Liabilities was HK$298.8 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.

Cloud Factory Technology Holdings's current Net Income (TTM) was 15.2. ==> 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.

Cloud Factory Technology Holdings's current Cash Flow from Operations (TTM) was 37.1. ==> 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)
=15.229/349.841
=0.0435312

ROA (Last Year)=Net Income/Total Assets (Dec21)
=8.972/309.711
=0.02896894

Cloud Factory Technology Holdings's return on assets of this year was 0.0435312. Cloud Factory Technology Holdings's return on assets of last year was 0.02896894. ==> 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.

Cloud Factory Technology Holdings's current Net Income (TTM) was 15.2. Cloud Factory Technology Holdings's current Cash Flow from Operations (TTM) was 37.1. ==> 37.1 > 15.2 ==> 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
=0.726/449.3175
=0.00161578

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/329.776
=0

Cloud Factory Technology Holdings's gearing of this year was 0.00161578. Cloud Factory Technology Holdings's gearing of last year was 0. ==> 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
=435.247/488.018
=0.89186669

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=332.058/298.833
=1.1111825

Cloud Factory Technology Holdings's current ratio of this year was 0.89186669. Cloud Factory Technology Holdings's current ratio of last year was 1.1111825. ==> 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.

Cloud Factory Technology Holdings's number of shares in issue this year was 460. Cloud Factory Technology Holdings's number of shares in issue last year was 460. ==> 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
=95.86/761.214
=0.12593042

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=76.99/612.801
=0.12563622

Cloud Factory Technology Holdings's gross margin of this year was 0.12593042. Cloud Factory Technology Holdings's gross margin of last year was 0.12563622. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec22)
=761.214/349.841
=2.17588562

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=612.801/309.711
=1.97862201

Cloud Factory Technology Holdings's asset turnover of this year was 2.17588562. Cloud Factory Technology Holdings's asset turnover of last year was 1.97862201. ==> 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+0+0+1+1+1
=7

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

Cloud Factory Technology Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Cloud Factory Technology Holdings  (HKSE:02512) 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.


Cloud Factory Technology Holdings Piotroski F-Score Related Terms

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Cloud Factory Technology Holdings Business Description

Traded in Other Exchanges
N/A
Address
228 Linghu Avenue, 2-601, Tian An Intelligence Park, Xinwu District, Jiangsu, Wuxi, CHN
Cloud Factory Technology Holdings Ltd operates carrier-neutral services. Carrier-neutral service providers operate data center which is independent of network providers to offer access to multiple network service carriers. It provide IDC solution services, edge computing services, and ICT solution services and other services in Chinese Mainland.
Executives
Ru Yi Information Technology Co., Ltd 2101 Beneficial owner
Sun Tao 2201 Interest of corporation controlled by you

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