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Fortune Valley Treasures Piotroski F-Score

: 6 (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

Fortune Valley Treasures has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

OTCPK:FVTI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6
3
6

During the past 6 years, the highest Piotroski F-Score of Fortune Valley Treasures was 6. The lowest was 3. And the median was 5.

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 Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only N/A 3.00 6.00 3.00 6.00

Fortune Valley Treasures Quarterly Data
Nov16 Feb17 May17 Aug17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 4.00 6.00 6.00 6.00 6.00
Competitive Comparison

For the Specialty Retail subindustry, Fortune Valley Treasures'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.

   
Fortune Valley Treasures Piotroski F-Score Distribution

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

* The bar in red indicates where Fortune Valley Treasures'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was -2.991 + 0.305 + 0.414 + 0.39 = $-1.88 Mil.
Cash Flow from Operations was 1.6 + -0.509 + -0.181 + -0.023 = $0.89 Mil.
Revenue was 4.631 + 1.644 + 1.825 + 2.005 = $10.11 Mil.
Gross Profit was 3.257 + 0.914 + 1.028 + 1.13 = $6.33 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(0.42 + 9.661 + 9.973 + 10.659 + 11.252) / 5 = $8.393 Mil.
Total Assets at the begining of this year (Sep20) was $0.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.56 Mil.
Total Current Assets was $4.89 Mil.
Total Current Liabilities was $2.11 Mil.		 Net Income was -0.056 + -0.103 + -0.087 + -0.075 = $-0.32 Mil.

Revenue was 0.096 + 0.022 + 0.069 + 0.284 = $0.47 Mil.
Gross Profit was 0.017 + 0.008 + 0.029 + 0.038 = $0.09 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(0.347 + 0.193 + 0.292 + 0.257 + 0.42) / 5 = $0.3018 Mil.
Total Assets at the begining of last year (Sep19) was $0.35 Mil.
Long-Term Debt & Capital Lease Obligation was $0.19 Mil.
Total Current Assets was $0.27 Mil.
Total Current Liabilities was $1.19 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 -1.88. ==> 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 0.89. ==> 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 (Sep20)
=-1.882/0.42
=-4.48095238

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-0.321/0.347
=-0.92507205

Fortune Valley Treasures's return on assets of this year was -4.48095238. Fortune Valley Treasures's return on assets of last year was -0.92507205. ==> 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 -1.88. Fortune Valley Treasures's current Cash Flow from Operations (TTM) was 0.89. ==> 0.89 > -1.88 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=0.564/8.393
=0.06719886

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=0.19/0.3018
=0.629556

Fortune Valley Treasures's gearing of this year was 0.06719886. Fortune Valley Treasures's gearing of last year was 0.629556. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=4.887/2.108
=2.3183112

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=0.27/1.186
=0.22765599

Fortune Valley Treasures's current ratio of this year was 2.3183112. Fortune Valley Treasures's current ratio of last year was 0.22765599. ==> 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.

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 15.388. ==> 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
=6.329/10.105
=0.6263236

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.092/0.471
=0.19532909

Fortune Valley Treasures's gross margin of this year was 0.6263236. Fortune Valley Treasures's gross margin of last year was 0.19532909. ==> This year's gross margin is higher. ==> Score 1.

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 (Sep20)
=10.105/0.42
=24.05952381

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=0.471/0.347
=1.3573487

Fortune Valley Treasures's asset turnover of this year was 24.05952381. Fortune Valley Treasures's asset turnover of last year was 1.3573487. ==> 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+1+1
=6

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

Fortune Valley Treasures has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

Fortune Valley Treasures Business Description

Fortune Valley Treasures logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 445310 SIC : 5921
Comparable Companies
TSXV:DE PHS:BH OTCPK:AITB OTCPK:PLYZ OTCPK:VCOR OTCPK:DAVC OTCPK:TBLZ OTCPK:RSSV HKSE:00055 ASX:HNG OTCPK:OLMM OTCPK:TFLG OTCPK:GWPC TSE:3306 PHS:PRIM IST:PSDTC XCNQ:J ISX:BMSR COL:JKL.N0000 XKLS:5104
Traded in Other Exchanges
N/A
Address
Qiaoxiang Road, Shahe Street, 13th Floor, Building B1, Wisdom Plaza, Nanshan District, Guangdong, Shenzhen, CHN, 518000
Website
http://www.hsfgjt.com
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are into 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
Lin Kaihong director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD BEICE, HUMEN DONGGUAN, GUANGDONG F4 518000
Shen Xinlong director, 10 percent owner, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE, NANSHAN DISTRICT SHENZHEN F4 518000

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