GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Green Cross Health Ltd (NZSE:GXH) » Definitions » Piotroski F-Score

Green Cross Health (NZSE:GXH) Piotroski F-Score : 5 (As of May. 03, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Green Cross Health 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

Green Cross Health 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 Green Cross Health's Piotroski F-Score or its related term are showing as below:

NZSE:GXH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Green Cross Health was 7. The lowest was 4. And the median was 6.


Green Cross Health Piotroski F-Score Historical Data

The historical data trend for Green Cross Health'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.

Green Cross Health Piotroski F-Score Chart

Green Cross Health Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 7.00 5.00

Green Cross Health Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 Green Cross Health's Piotroski F-Score

For the Pharmaceutical Retailers subindustry, Green Cross Health'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.


Green Cross Health's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Green Cross Health's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Green Cross Health'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was NZ$45.2 Mil.
Cash Flow from Operations was NZ$45.9 Mil.
Revenue was NZ$492.6 Mil.
Gross Profit was NZ$280.1 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (408.775 + 401.007) / 2 = NZ$404.891 Mil.
Total Assets at the begining of this year (Mar22) was NZ$408.8 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$107.9 Mil.
Total Current Assets was NZ$116.7 Mil.
Total Current Liabilities was NZ$91.1 Mil.
Net Income was NZ$24.6 Mil.

Revenue was NZ$666.6 Mil.
Gross Profit was NZ$456.5 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (364.883 + 408.775) / 2 = NZ$386.829 Mil.
Total Assets at the begining of last year (Mar21) was NZ$364.9 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$101.2 Mil.
Total Current Assets was NZ$124.6 Mil.
Total Current Liabilities was NZ$133.6 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.

Green Cross Health's current Net Income (TTM) was 45.2. ==> 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.

Green Cross Health's current Cash Flow from Operations (TTM) was 45.9. ==> 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 (Mar22)
=45.234/408.775
=0.11065745

ROA (Last Year)=Net Income/Total Assets (Mar21)
=24.561/364.883
=0.06731199

Green Cross Health's return on assets of this year was 0.11065745. Green Cross Health's return on assets of last year was 0.06731199. ==> 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.

Green Cross Health's current Net Income (TTM) was 45.2. Green Cross Health's current Cash Flow from Operations (TTM) was 45.9. ==> 45.9 > 45.2 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=107.887/404.891
=0.26645937

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=101.242/386.829
=0.26172288

Green Cross Health's gearing of this year was 0.26645937. Green Cross Health's gearing of last year was 0.26172288. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=116.672/91.115
=1.28049169

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=124.629/133.577
=0.93301242

Green Cross Health's current ratio of this year was 1.28049169. Green Cross Health's current ratio of last year was 0.93301242. ==> 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.

Green Cross Health's number of shares in issue this year was 143.783. Green Cross Health's number of shares in issue last year was 143.632. ==> 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
=280.123/492.571
=0.56869568

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=456.464/666.628
=0.68473571

Green Cross Health's gross margin of this year was 0.56869568. Green Cross Health's gross margin of last year was 0.68473571. ==> 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 (Mar22)
=492.571/408.775
=1.20499297

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=666.628/364.883
=1.82696371

Green Cross Health's asset turnover of this year was 1.20499297. Green Cross Health's asset turnover of last year was 1.82696371. ==> Last year's asset turnover is higher ==> Score 0.

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+1+0+0+0
=5

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

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

Green Cross Health  (NZSE:GXH) 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.


Green Cross Health Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Green Cross Health's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Green Cross Health (NZSE:GXH) Business Description

Traded in Other Exchanges
N/A
Address
602 Great South Road, Ellerslie, Ground Floor, Building B, Millennium Centre, Auckland, NTL, NZL, 1051
Green Cross Health Ltd is engaged in providing healthcare services in New Zealand. The reportable segments of the group are Pharmacy services, Medical services. The majority of the revenue is generated from the Pharmacy services segment. Its pharmacy services segment includes operations like providing pharmacy services through consolidated stores, equity-accounted investments, and franchise stores under the Unichem and Life Pharmacy brands. The medical service segment provides complete family healthcare services through general practitioners, accidents, and medical centers, with many operating under The Doctors Brand. Its community health segment provides services directly to the community to support independent living.

Green Cross Health (NZSE:GXH) Headlines

No Headlines