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Youzan Technology (HKSE:08083) Piotroski F-Score : 5 (As of Mar. 23, 2025)


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What is Youzan Technology 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

Youzan Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

HKSE:08083' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Youzan Technology was 7. The lowest was 2. And the median was 3.


Youzan Technology Piotroski F-Score Historical Data

The historical data trend for Youzan Technology'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.

Youzan Technology Piotroski F-Score Chart

Youzan Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 2.00 4.00 7.00 5.00

Youzan Technology Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Dec24
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 Premium Member Only - - 7.00 - 5.00

Competitive Comparison of Youzan Technology's Piotroski F-Score

For the Software - Application subindustry, Youzan Technology'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.


Youzan Technology's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where Youzan Technology'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was HK$-188.6 Mil.
Cash Flow from Operations was HK$72.6 Mil.
Revenue was HK$1,539.9 Mil.
Gross Profit was HK$1,044.4 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (5900.952 + 6311.235) / 2 = HK$6106.0935 Mil.
Total Assets at the begining of this year (Dec23) was HK$5,901.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$417.9 Mil.
Total Current Assets was HK$4,803.2 Mil.
Total Current Liabilities was HK$4,424.6 Mil.
Net Income was HK$8.1 Mil.

Revenue was HK$1,584.2 Mil.
Gross Profit was HK$1,096.1 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (7328.219 + 5900.952) / 2 = HK$6614.5855 Mil.
Total Assets at the begining of last year (Dec22) was HK$7,328.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$585.0 Mil.
Total Current Assets was HK$4,251.6 Mil.
Total Current Liabilities was HK$4,007.7 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.

Youzan Technology's current Net Income (TTM) was -188.6. ==> 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.

Youzan Technology's current Cash Flow from Operations (TTM) was 72.6. ==> 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 (Dec23)
=-188.573/5900.952
=-0.03195637

ROA (Last Year)=Net Income/Total Assets (Dec22)
=8.126/7328.219
=0.00110886

Youzan Technology's return on assets of this year was -0.03195637. Youzan Technology's return on assets of last year was 0.00110886. ==> 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.

Youzan Technology's current Net Income (TTM) was -188.6. Youzan Technology's current Cash Flow from Operations (TTM) was 72.6. ==> 72.6 > -188.6 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=417.933/6106.0935
=0.06844523

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=584.967/6614.5855
=0.08843593

Youzan Technology's gearing of this year was 0.06844523. Youzan Technology's gearing of last year was 0.08843593. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=4803.159/4424.589
=1.08556049

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=4251.552/4007.718
=1.06084111

Youzan Technology's current ratio of this year was 1.08556049. Youzan Technology's current ratio of last year was 1.06084111. ==> 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.

Youzan Technology's number of shares in issue this year was 32681.521. Youzan Technology's number of shares in issue last year was 18466.825. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=1044.402/1539.894
=0.6782298

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1096.125/1584.203
=0.69190943

Youzan Technology's gross margin of this year was 0.6782298. Youzan Technology's gross margin of last year was 0.69190943. ==> 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 (Dec23)
=1539.894/5900.952
=0.26095688

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1584.203/7328.219
=0.21617845

Youzan Technology's asset turnover of this year was 0.26095688. Youzan Technology's asset turnover of last year was 0.21617845. ==> 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+1+0+1+1+1+0+0+1
=5

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

Youzan Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Youzan Technology  (HKSE:08083) 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.


Youzan Technology Piotroski F-Score Related Terms

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Youzan Technology Business Description

Traded in Other Exchanges
Address
No. 6-8 Harbour Road, Unit 1511, 15 Floor, Shui On Centre, Wan Chai, Hong Kong, HKG
Youzan Technology Ltd formerly China Youzan Ltd is an investment holding company. The firm operates in the following segments: Third-party payment services, Merchant services, and others. The business activity of the organization generally functions through one geographical region, which is China and it derives the majority of its revenue from the merchant services segment, which engages in the provision of a variety of SaaS products and comprehensive services in China. The company offers a variety of cloud-based commerce services to merchants through subscription solutions, and a suite of SaaS products.
Executives
Zhu Ning 2201 Interest of corporation controlled by you
Double Peace Limited 2201 Interest of corporation controlled by you
Tricor Equity Trustee Limited 2301 Trustee
Whitecrow Investment Ltd. 2101 Beneficial owner
Tembusu Hz Ii Limited 2101 Beneficial owner
Zuo Lingye 2201 Interest of corporation controlled by you
Shang Hai Jing Wei Gu Quan Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Hang Zhou Jing Wei Teng Chuang Tou Zi Guan Li He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Jing Wei Chuang Da Hang Zhou Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Qima Teamwork Inc. 2101 Beneficial owner
Ubs Group Ag 2201 Interest of corporation controlled by you
Tencent Holdings Limited
Kontiki Capital Management (hk) Limited 2102 Investment manager
Poyang Lake Investment Limited 2101 Beneficial owner

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