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Jiangxi Rimag Group Co (HKSE:02522) Piotroski F-Score : 9 (As of Mar. 30, 2025)


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What is Jiangxi Rimag Group Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Jiangxi Rimag Group Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Jiangxi Rimag Group Co's Piotroski F-Score or its related term are showing as below:

HKSE:02522' s Piotroski F-Score Range Over the Past 10 Years
Min: 9   Med: 9   Max: 9
Current: 9

During the past 3 years, the highest Piotroski F-Score of Jiangxi Rimag Group Co was 9. The lowest was 9. And the median was 9.


Jiangxi Rimag Group Co Piotroski F-Score Historical Data

The historical data trend for Jiangxi Rimag 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.

Jiangxi Rimag Group Co Piotroski F-Score Chart

Jiangxi Rimag Group Co Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 9.00

Jiangxi Rimag Group Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score N/A N/A - 9.00 -

Competitive Comparison of Jiangxi Rimag Group Co's Piotroski F-Score

For the Medical Care Facilities subindustry, Jiangxi Rimag 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.


Jiangxi Rimag Group Co's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jiangxi Rimag Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Jiangxi Rimag 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$48.6 Mil.
Cash Flow from Operations was HK$220.3 Mil.
Revenue was HK$1,016.0 Mil.
Gross Profit was HK$363.8 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (2221.612 + 2054.836) / 2 = HK$2138.224 Mil.
Total Assets at the begining of this year (Dec22) was HK$2,221.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$242.0 Mil.
Total Current Assets was HK$678.7 Mil.
Total Current Liabilities was HK$345.8 Mil.
Net Income was HK$0.4 Mil.

Revenue was HK$876.0 Mil.
Gross Profit was HK$264.6 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (2517.177 + 2221.612) / 2 = HK$2369.3945 Mil.
Total Assets at the begining of last year (Dec21) was HK$2,517.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$305.9 Mil.
Total Current Assets was HK$818.8 Mil.
Total Current Liabilities was HK$443.4 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.

Jiangxi Rimag Group Co's current Net Income (TTM) was 48.6. ==> 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.

Jiangxi Rimag Group Co's current Cash Flow from Operations (TTM) was 220.3. ==> 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)
=48.58/2221.612
=0.021867

ROA (Last Year)=Net Income/Total Assets (Dec21)
=0.406/2517.177
=0.00016129

Jiangxi Rimag Group Co's return on assets of this year was 0.021867. Jiangxi Rimag Group Co's return on assets of last year was 0.00016129. ==> 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.

Jiangxi Rimag Group Co's current Net Income (TTM) was 48.6. Jiangxi Rimag Group Co's current Cash Flow from Operations (TTM) was 220.3. ==> 220.3 > 48.6 ==> 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
=241.994/2138.224
=0.11317523

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=305.904/2369.3945
=0.1291064

Jiangxi Rimag Group Co's gearing of this year was 0.11317523. Jiangxi Rimag Group Co's gearing of last year was 0.1291064. ==> This year is lower or equal to last year. ==> Score 1.

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
=678.667/345.835
=1.96240115

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=818.819/443.443
=1.84650338

Jiangxi Rimag Group Co's current ratio of this year was 1.96240115. Jiangxi Rimag Group Co's current ratio of last year was 1.84650338. ==> 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.

Jiangxi Rimag Group Co's number of shares in issue this year was 356.312. Jiangxi Rimag Group Co's number of shares in issue last year was 356.312. ==> 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
=363.788/1016.027
=0.35804954

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=264.606/876
=0.30206164

Jiangxi Rimag Group Co's gross margin of this year was 0.35804954. Jiangxi Rimag Group Co's gross margin of last year was 0.30206164. ==> 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)
=1016.027/2221.612
=0.45733773

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=876/2517.177
=0.3480089

Jiangxi Rimag Group Co's asset turnover of this year was 0.45733773. Jiangxi Rimag Group Co's asset turnover of last year was 0.3480089. ==> 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+1+1+1+1+1
=9

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

Jiangxi Rimag Group Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Jiangxi Rimag Group Co  (HKSE:02522) 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.


Jiangxi Rimag Group Co Piotroski F-Score Related Terms

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Jiangxi Rimag Group Co Business Description

Traded in Other Exchanges
N/A
Address
Minzuyuan Road, Building 2, 2 Minzuyuan, 3rd Floor, Chaoyang District, Beijing, CHN
Jiangxi Rimag Group Co Ltd is a leading medical group specializing in medical imaging in China. the company generates revenue mainly through the following medical imaging services and solutions: Imaging Center Services, Imaging Solution Services, and Rimag Cloud Services. The Imaging Center Services include examination and diagnostic services to patients and other healthcare consumers via its flagship imaging centers, such as MRI, CT, PET, X-ray, ultrasound and mammography.
Executives
Ning Bo Mei Shan Bao Shui Gang Qu Bai Yi Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Ning Bo Mei Shan Bao Shui Gang Qu Bai Shan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Ning Bo Mei Shan Bao Shui Gang Qu Bai Ning Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
The Goldman Sachs Group, Inc. 2201 Interest of corporation controlled by you
Baidu, Inc. 2201 Interest of corporation controlled by you
Chen Zhaoyang 2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Suqian Jd Yingzheng Enterprise Management Consulting Co., Ltd. 2101 Beneficial owner
Max Smart Limited 2201 Interest of corporation controlled by you
Liu Qiangdong Richard 2305 Beneficiary of a trust
Jd.com, Inc. 2201 Interest of corporation controlled by you
Jd Jiankang Limited 2201 Interest of corporation controlled by you
Jd Health International Inc. 2201 Interest of corporation controlled by you
Nan Chang Yi Mai Yang Guang Qi Ye Guan Li Zhong Xin You Xian He Huo 2101 Beneficial owner

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