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Xiamen Xiangyu Co (SHSE:600057) Piotroski F-Score : 4 (As of Dec. 14, 2024)


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What is Xiamen Xiangyu Co 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

Xiamen Xiangyu Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

SHSE:600057' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Xiamen Xiangyu Co was 8. The lowest was 3. And the median was 5.


Xiamen Xiangyu Co Piotroski F-Score Historical Data

The historical data trend for Xiamen Xiangyu 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.

Xiamen Xiangyu Co Piotroski F-Score Chart

Xiamen Xiangyu Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 7.00 6.00 5.00

Xiamen Xiangyu Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 5.00 5.00 5.00 4.00

Competitive Comparison of Xiamen Xiangyu Co's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Xiamen Xiangyu 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.


Xiamen Xiangyu Co's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xiamen Xiangyu Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xiamen Xiangyu Co'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 392.739 + 407.653 + 371.41 + 110.694 = ¥1,282 Mil.
Cash Flow from Operations was 3987.039 + -11357.793 + 861.913 + 11011.223 = ¥4,502 Mil.
Revenue was 90400.782 + 104568.011 + 98912.746 + 94217.892 = ¥388,099 Mil.
Gross Profit was 2895.816 + 1929.89 + 2283.97 + 1799.659 = ¥8,909 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(126691.82 + 129705.187 + 133669.166 + 125166.773 + 127120.436) / 5 = ¥128470.6764 Mil.
Total Assets at the begining of this year (Sep23) was ¥126,692 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2,175 Mil.
Total Current Assets was ¥107,809 Mil.
Total Current Liabilities was ¥86,335 Mil.
Net Income was 431.286 + 546.359 + 345.065 + 289.777 = ¥1,612 Mil.

Revenue was 146389.486 + 129150.204 + 104399.164 + 135085.303 = ¥515,024 Mil.
Gross Profit was 2541.451 + 2740.413 + 1413.348 + 1778.138 = ¥8,473 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(123354.8 + 115119.207 + 138507.783 + 129467.675 + 126691.82) / 5 = ¥126628.257 Mil.
Total Assets at the begining of last year (Sep22) was ¥123,355 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2,050 Mil.
Total Current Assets was ¥107,797 Mil.
Total Current Liabilities was ¥82,004 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.

Xiamen Xiangyu Co's current Net Income (TTM) was 1,282. ==> 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.

Xiamen Xiangyu Co's current Cash Flow from Operations (TTM) was 4,502. ==> 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 (Sep23)
=1282.496/126691.82
=0.01012296

ROA (Last Year)=Net Income/Total Assets (Sep22)
=1612.487/123354.8
=0.01307194

Xiamen Xiangyu Co's return on assets of this year was 0.01012296. Xiamen Xiangyu Co's return on assets of last year was 0.01307194. ==> 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.

Xiamen Xiangyu Co's current Net Income (TTM) was 1,282. Xiamen Xiangyu Co's current Cash Flow from Operations (TTM) was 4,502. ==> 4,502 > 1,282 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=2174.537/128470.6764
=0.01692633

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2050.086/126628.257
=0.0161898

Xiamen Xiangyu Co's gearing of this year was 0.01692633. Xiamen Xiangyu Co's gearing of last year was 0.0161898. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=107808.515/86335.007
=1.24872307

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=107797.156/82004.401
=1.31452891

Xiamen Xiangyu Co's current ratio of this year was 1.24872307. Xiamen Xiangyu Co's current ratio of last year was 1.31452891. ==> 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.

Xiamen Xiangyu Co's number of shares in issue this year was 3968.371. Xiamen Xiangyu Co's number of shares in issue last year was 2751.128. ==> 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
=8909.335/388099.431
=0.02295632

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8473.35/515024.157
=0.01645234

Xiamen Xiangyu Co's gross margin of this year was 0.02295632. Xiamen Xiangyu Co's gross margin of last year was 0.01645234. ==> 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 (Sep23)
=388099.431/126691.82
=3.06333456

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=515024.157/123354.8
=4.17514484

Xiamen Xiangyu Co's asset turnover of this year was 3.06333456. Xiamen Xiangyu Co's asset turnover of last year was 4.17514484. ==> 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+0+1+0+0+0+1+0
=4

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

Xiamen Xiangyu Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Xiamen Xiangyu Co  (SHSE:600057) 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.


Xiamen Xiangyu Co Piotroski F-Score Related Terms

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Xiamen Xiangyu Co Business Description

Traded in Other Exchanges
N/A
Address
2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006
Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.
Executives
Qi Wei Dong Directors, senior managers
Chen Dai Zhen senior management
Fan Cheng Yang senior management
Deng Qi Dong Director
Cheng Yi Liang senior management
Su Zhu Quan senior management
Zheng Lu Yu senior management
Zhang Shui Li Director
Tong Xiao Qing senior management
Liao Jie senior management
Zhang Jun Tian senior management
Chen Fang Director
Xiao Jing Qin senior management
Zhang Yue Duan senior management
Gao Chen Xia senior management

Xiamen Xiangyu Co Headlines

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