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DADA (Dada Nexus) Piotroski F-Score : 4 (As of Jun. 30, 2025)


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What is Dada Nexus 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

Dada Nexus has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

DADA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 4

During the past 8 years, the highest Piotroski F-Score of Dada Nexus was 5. The lowest was 3. And the median was 4.


Dada Nexus Piotroski F-Score Historical Data

The historical data trend for Dada Nexus'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.

Dada Nexus Piotroski F-Score Chart

Dada Nexus Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 5.00 3.00 4.00

Dada Nexus Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 3.00 3.00 3.00 5.00 4.00

Competitive Comparison of Dada Nexus's Piotroski F-Score

For the Internet Retail subindustry, Dada Nexus'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.


Dada Nexus's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dada Nexus's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dada Nexus'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -45.542 + -39.455 + -27.887 + -168.529 = $-281 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0 Mil.
Revenue was 340.451 + 323.915 + 343.335 + 334.127 = $1,342 Mil.
Gross Profit was 84.945 + 84.657 + 98.613 + 71.231 = $339 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1060.738 + 951.417 + 917.246 + 867.156 + 715.957) / 5 = $902.5028 Mil.
Total Assets at the begining of this year (Dec23) was $1,061 Mil.
Long-Term Debt & Capital Lease Obligation was $4 Mil.
Total Current Assets was $709 Mil.
Total Current Liabilities was $217 Mil.
Net Income was -50.857 + -22.164 + -22.743 + -179.601 = $-275 Mil.

Revenue was 367.936 + 362.612 + 359.259 + 385.45 = $1,475 Mil.
Gross Profit was 165.184 + 152.734 + 124.776 + 116.698 = $559 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1297.503 + 1210.234 + 1187.275 + 1194.123 + 1060.738) / 5 = $1189.9746 Mil.
Total Assets at the begining of last year (Dec22) was $1,298 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $850 Mil.
Total Current Liabilities was $280 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.

Dada Nexus's current Net Income (TTM) was -281. ==> 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.

Dada Nexus's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec23)
=-281.413/1060.738
=-0.26529925

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-275.365/1297.503
=-0.21222687

Dada Nexus's return on assets of this year was -0.26529925. Dada Nexus's return on assets of last year was -0.21222687. ==> 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.

Dada Nexus's current Net Income (TTM) was -281. Dada Nexus's current Cash Flow from Operations (TTM) was 0. ==> 0 > -281 ==> 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
=3.907/902.5028
=0.00432907

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.058/1189.9746
=4.874E-5

Dada Nexus's gearing of this year was 0.00432907. Dada Nexus's gearing of last year was 4.874E-5. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=709.298/216.705
=3.27310399

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=849.976/280.044
=3.03515162

Dada Nexus's current ratio of this year was 3.27310399. Dada Nexus's current ratio of last year was 3.03515162. ==> 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.

Dada Nexus's number of shares in issue this year was 260.145. Dada Nexus's number of shares in issue last year was 262.446. ==> 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
=339.446/1341.828
=0.25297281

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=559.392/1475.257
=0.37918275

Dada Nexus's gross margin of this year was 0.25297281. Dada Nexus's gross margin of last year was 0.37918275. ==> 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)
=1341.828/1060.738
=1.26499475

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1475.257/1297.503
=1.13699699

Dada Nexus's asset turnover of this year was 1.26499475. Dada Nexus's asset turnover of last year was 1.13699699. ==> 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+1+1+0+1
=4

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

Dada Nexus has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Dada Nexus  (NAS:DADA) 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.


Dada Nexus Piotroski F-Score Related Terms

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Dada Nexus Business Description

Traded in Other Exchanges
Address
No. 1088 Yangshupu Road, 22nd Floor, Oriental Fisherman’s Wharf, Yangpu District, Shanghai, CHN, 200082
Dada Nexus provides on-demand retail platform services and fulfillment services to retailers to sell their products, and online advertising and marketing services to its customers such as brand owners or their agents. It also provides last-mile, intracity and intercity delivery services to logistics companies, merchants and individuals on the Dada Now platform. The group fulfills the delivery needs of retailers on JD Now and customers on Dada Now mostly by utilizing registered riders on Dada Now. Dada's average delivery time for on-demand intracity delivery orders was within 30 minutes in 2023, faster than traditional e-commerce where delivery can take days. As of Sept. 16, 2024, JD.com owned 63.2% of Dada Nexus. Dada Nexus competes with Meituan, Ele.me, Douyin, and SF Intra-city.