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FVTI (Fortune Valley Treasures) Piotroski F-Score : 0 (As of Jul. 13, 2025)


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What is Fortune Valley Treasures 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

Fortune Valley Treasures has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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


Fortune Valley Treasures Piotroski F-Score Historical Data

The historical data trend for Fortune Valley Treasures'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.

Fortune Valley Treasures Piotroski F-Score Chart

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 6.00 4.00 4.00 2.00

Fortune Valley Treasures Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.00 2.00 2.00 2.00

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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was -1.109 + -2.462 + -1 + -0.729 = $-5.30 Mil.
Cash Flow from Operations was -0.187 + 0.094 + -0.29 + 0.015 = $-0.37 Mil.
Revenue was 0.91 + 0.419 + 0.268 + 0.247 = $1.84 Mil.
Gross Profit was 0.316 + 0.087 + 0.055 + 0.044 = $0.50 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(8.575 + 7.374 + 6.249 + 5.149 + 4.595) / 5 = $6.3884 Mil.
Total Assets at the begining of this year (Jun23) was $8.58 Mil.
Long-Term Debt & Capital Lease Obligation was $0.33 Mil.
Total Current Assets was $3.65 Mil.
Total Current Liabilities was $4.15 Mil.
Net Income was 0.856 + -3.695 + -0.089 + -0.387 = $-3.32 Mil.

Revenue was 2.915 + 2.721 + 1.635 + 1.273 = $8.54 Mil.
Gross Profit was 1.515 + 1.146 + 0.958 + 0.62 = $4.24 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(11.715 + 12.096 + 9.288 + 9.39 + 8.575) / 5 = $10.2128 Mil.
Total Assets at the begining of last year (Jun22) was $11.72 Mil.
Long-Term Debt & Capital Lease Obligation was $0.25 Mil.
Total Current Assets was $6.79 Mil.
Total Current Liabilities was $2.74 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.

Fortune Valley Treasures's current Net Income (TTM) was -5.30. ==> 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.

Fortune Valley Treasures's current Cash Flow from Operations (TTM) was -0.37. ==> 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 (Jun23)
=-5.3/8.575
=-0.6180758

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-3.315/11.715
=-0.28297055

Fortune Valley Treasures's return on assets of this year was -0.6180758. Fortune Valley Treasures's return on assets of last year was -0.28297055. ==> 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.

Fortune Valley Treasures's current Net Income (TTM) was -5.30. Fortune Valley Treasures's current Cash Flow from Operations (TTM) was -0.37. ==> -0.37 > -5.30 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0.326/6.3884
=0.05102999

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=0.247/10.2128
=0.02418534

Fortune Valley Treasures's gearing of this year was 0.05102999. Fortune Valley Treasures's gearing of last year was 0.02418534. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=3.652/4.153
=0.87936431

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=6.792/2.739
=2.47973713

Fortune Valley Treasures's current ratio of this year was 0.87936431. Fortune Valley Treasures's current ratio of last year was 2.47973713. ==> 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.

Fortune Valley Treasures's number of shares in issue this year was 15.655. Fortune Valley Treasures's number of shares in issue last year was 15.655. ==> 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
=0.502/1.844
=0.27223427

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.239/8.544
=0.49613764

Fortune Valley Treasures's gross margin of this year was 0.27223427. Fortune Valley Treasures's gross margin of last year was 0.49613764. ==> 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 (Jun23)
=1.844/8.575
=0.21504373

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=8.544/11.715
=0.72932138

Fortune Valley Treasures's asset turnover of this year was 0.21504373. Fortune Valley Treasures's asset turnover of last year was 0.72932138. ==> 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
=0+0+0+1+0+0+1+0+0
=2

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

Fortune Valley Treasures has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Fortune Valley Treasures  (OTCPK:FVTI) 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.


Fortune Valley Treasures Piotroski F-Score Related Terms

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Fortune Valley Treasures Business Description

Traded in Other Exchanges
N/A
Address
No. 139 Liansheng Road, 16th Floor, Building 2, A Building, Humen Town, Guangdong, Dongguan, CHN, 523000
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of alcoholic beverages of wine and distilled liquors, and drinking water. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Kaihong Lin director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen director, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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