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WiMi Hologram Cloud Piotroski F-Score

: 5 (As of Today)
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The zones of discrimination were as such:

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

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

NAS:WIMI' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 5
Current: 5

During the past 3 years, the highest Piotroski F-Score of WiMi Hologram Cloud was 5. The lowest was 5. And the median was 5.


WiMi Hologram Cloud Piotroski F-Score Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
Piotroski F-Score N/A N/A 5.00

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Piotroski F-Score Premium Member Only N/A N/A N/A 5.00 N/A

Competitive Comparison
* 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.


WiMi Hologram Cloud Piotroski F-Score Distribution

* The bar in red indicates where WiMi Hologram Cloud's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

This Year (Dec19) TTM:Last Year (Dec18) TTM:
Net Income was $14.57 Mil.
Cash Flow from Operations was $20.52 Mil.
Revenue was $45.51 Mil.
Gross Profit was $24.67 Mil.
Average Total Assets from the begining of this year (Dec18)
to the end of this year (Dec19) was (88.24948792074 + 80.342615167458) / 2 = $84.296051544099 Mil.
Total Assets at the begining of this year (Dec18) was $88.25 Mil.
Long-Term Debt & Capital Lease Obligation was $2.29 Mil.
Total Current Assets was $25.31 Mil.
Total Current Liabilities was $17.41 Mil.
Net Income was $12.96 Mil.

Revenue was $32.73 Mil.
Gross Profit was $20.32 Mil.
Average Total Assets from the begining of last year (Dec17)
to the end of last year (Dec18) was (69.386944124249 + 88.24948792074) / 2 = $78.818216022495 Mil.
Total Assets at the begining of last year (Dec17) was $69.39 Mil.
Long-Term Debt & Capital Lease Obligation was $18.56 Mil.
Total Current Assets was $30.99 Mil.
Total Current Liabilities was $6.66 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.

WiMi Hologram Cloud's current Net Income (TTM) was 14.57. ==> 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.

WiMi Hologram Cloud's current Cash Flow from Operations (TTM) was 20.52. ==> 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 (Dec18)
=14.572051841396/88.24948792074
=0.16512336

ROA (Last Year)=Net Income/Total Assets (Dec17)
=12.960762380696/69.386944124249
=0.18678964

WiMi Hologram Cloud's return on assets of this year was 0.16512336. WiMi Hologram Cloud's return on assets of last year was 0.18678964. ==> 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.

WiMi Hologram Cloud's current Net Income (TTM) was 14.57. WiMi Hologram Cloud's current Cash Flow from Operations (TTM) was 20.52. ==> 20.52 > 14.57 ==> 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: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=2.2866675221352/84.296051544099
=0.02712663

Gearing (Last Year: Dec18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec17 to Dec18
=18.559205078664/78.818216022495
=0.23546847

WiMi Hologram Cloud's gearing of this year was 0.02712663. WiMi Hologram Cloud's gearing of last year was 0.23546847. ==> 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: Dec19)=Total Current Assets/Total Current Liabilities
=25.309180603676/17.412777849067
=1.45348323

Current Ratio (Last Year: Dec18)=Total Current Assets/Total Current Liabilities
=30.985516510016/6.6560134811221
=4.65526649

WiMi Hologram Cloud's current ratio of this year was 1.45348323. WiMi Hologram Cloud's current ratio of last year was 4.65526649. ==> 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.

WiMi Hologram Cloud's number of shares in issue this year was 59.306. WiMi Hologram Cloud's number of shares in issue last year was 59.056. ==> 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
=24.66800690078/45.508219627301
=0.54205607

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.317271234946/32.725423827302
=0.62084058

WiMi Hologram Cloud's gross margin of this year was 0.54205607. WiMi Hologram Cloud's gross margin of last year was 0.62084058. ==> 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 (Dec18)
=45.508219627301/88.24948792074
=0.51567687

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec17)
=32.725423827302/69.386944124249
=0.47163662

WiMi Hologram Cloud's asset turnover of this year was 0.51567687. WiMi Hologram Cloud's asset turnover of last year was 0.47163662. ==> 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+0+1+1+0+0+0+1
=5

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

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

WiMi Hologram Cloud  (NAS:WIMI) 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.


WiMi Hologram Cloud Piotroski F-Score Related Terms


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