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G-yen Hutong Co (ROCO:2761) Piotroski F-Score : 7 (As of Apr. 07, 2025)


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What is G-yen Hutong Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

G-yen Hutong Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for G-yen Hutong Co's Piotroski F-Score or its related term are showing as below:

ROCO:2761' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 6 years, the highest Piotroski F-Score of G-yen Hutong Co was 8. The lowest was 5. And the median was 7.


G-yen Hutong Co Piotroski F-Score Historical Data

The historical data trend for G-yen Hutong Co'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.

G-yen Hutong Co Piotroski F-Score Chart

G-yen Hutong Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 8.00 5.00 6.00 7.00

G-yen Hutong Co Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 6.00 - 7.00 -

Competitive Comparison of G-yen Hutong Co's Piotroski F-Score

For the Restaurants subindustry, G-yen Hutong Co'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.


G-yen Hutong Co's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, G-yen Hutong Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where G-yen Hutong Co'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was NT$17 Mil.
Cash Flow from Operations was NT$110 Mil.
Revenue was NT$978 Mil.
Gross Profit was NT$435 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (724.985 + 922.684) / 2 = NT$823.8345 Mil.
Total Assets at the begining of this year (Dec22) was NT$725 Mil.
Long-Term Debt & Capital Lease Obligation was NT$194 Mil.
Total Current Assets was NT$384 Mil.
Total Current Liabilities was NT$364 Mil.
Net Income was NT$11 Mil.

Revenue was NT$681 Mil.
Gross Profit was NT$316 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (543.279 + 724.985) / 2 = NT$634.132 Mil.
Total Assets at the begining of last year (Dec21) was NT$543 Mil.
Long-Term Debt & Capital Lease Obligation was NT$171 Mil.
Total Current Assets was NT$277 Mil.
Total Current Liabilities was NT$228 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.

G-yen Hutong Co's current Net Income (TTM) was 17. ==> 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.

G-yen Hutong Co's current Cash Flow from Operations (TTM) was 110. ==> 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 (Dec22)
=16.858/724.985
=0.02325289

ROA (Last Year)=Net Income/Total Assets (Dec21)
=10.855/543.279
=0.01998053

G-yen Hutong Co's return on assets of this year was 0.02325289. G-yen Hutong Co's return on assets of last year was 0.01998053. ==> 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.

G-yen Hutong Co's current Net Income (TTM) was 17. G-yen Hutong Co's current Cash Flow from Operations (TTM) was 110. ==> 110 > 17 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=193.903/823.8345
=0.23536645

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=171.088/634.132
=0.26979872

G-yen Hutong Co's gearing of this year was 0.23536645. G-yen Hutong Co's gearing of last year was 0.26979872. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=384.237/363.881
=1.05594137

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=277.129/227.634
=1.21743237

G-yen Hutong Co's current ratio of this year was 1.05594137. G-yen Hutong Co's current ratio of last year was 1.21743237. ==> 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.

G-yen Hutong Co's number of shares in issue this year was 14.184. G-yen Hutong Co's number of shares in issue last year was 14.272. ==> 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
=434.876/978.291
=0.44452622

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=315.883/680.834
=0.46396478

G-yen Hutong Co's gross margin of this year was 0.44452622. G-yen Hutong Co's gross margin of last year was 0.46396478. ==> 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 (Dec22)
=978.291/724.985
=1.34939482

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=680.834/543.279
=1.25319403

G-yen Hutong Co's asset turnover of this year was 1.34939482. G-yen Hutong Co's asset turnover of last year was 1.25319403. ==> 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+1+1+1+0+1+0+1
=7

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

G-yen Hutong Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

G-yen Hutong Co  (ROCO:2761) 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.


G-yen Hutong Co Piotroski F-Score Related Terms

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G-yen Hutong Co Business Description

Traded in Other Exchanges
N/A
Address
Siwei Lane, Zhongzheng Road, 2nd Floor, No. 5, Xindian District, New Taipei City, TWN, 231622
G-yen Hutong Co Ltd is a catering group. It is committed to developing different styles of food and brands. Its main business items are vegetable and fruit wholesale, other agricultural, livestock and aquatic product wholesale, edible oil wholesale, agricultural products, livestock products, aquatic products and food groceries, beverage retail, and catering industry.

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