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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
YTO Express Group 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 YTO Express Group Co's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of YTO Express Group Co was 8. The lowest was 3. And the median was 5.
The historical data trend for YTO Express Group 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.
YTO Express Group Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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4.00 | 5.00 | 5.00 | 7.00 | 4.00 |
YTO Express Group 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 |
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4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
For the Integrated Freight & Logistics subindustry, YTO Express Group 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.
For the Transportation industry and Industrials sector, YTO Express Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where YTO Express Group 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 1063.7 + 943.275 + 1044.352 + 942.56 = ¥3,994 Mil. Cash Flow from Operations was 2227.737 + 579.951 + 1731.003 + 1771.811 = ¥6,311 Mil. Revenue was 16925.452 + 15427.432 + 17137.091 + 16804.906 = ¥66,295 Mil. Gross Profit was 1582.457 + 1629.598 + 1713.618 + 1412.698 = ¥6,338 Mil. Average Total Assets from the begining of this year (Sep23) to the end of this year (Sep24) was (41303.298 + 43367.04 + 43185.259 + 43691.746 + 45461.121) / 5 = ¥43401.6928 Mil. Total Assets at the begining of this year (Sep23) was ¥41,303 Mil. Long-Term Debt & Capital Lease Obligation was ¥1,697 Mil. Total Current Assets was ¥14,010 Mil. Total Current Liabilities was ¥12,339 Mil. |
Net Income was 1148.256 + 905.785 + 954.658 + 798.399 = ¥3,807 Mil. Revenue was 14714.658 + 12914.016 + 14085.511 + 13759.371 = ¥55,474 Mil. Gross Profit was 1599.759 + 1492.191 + 1497.979 + 1286.475 = ¥5,876 Mil. Average Total Assets from the begining of last year (Sep22) to the end of last year (Sep23) was (37909.993 + 39257.32 + 40322.488 + 40151.525 + 41303.298) / 5 = ¥39788.9248 Mil. Total Assets at the begining of last year (Sep22) was ¥37,910 Mil. Long-Term Debt & Capital Lease Obligation was ¥667 Mil. Total Current Assets was ¥14,424 Mil. Total Current Liabilities was ¥11,346 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.
YTO Express Group Co's current Net Income (TTM) was 3,994.
==> 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.
YTO Express Group Co's current Cash Flow from Operations (TTM) was 6,311.
==> 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) |
= | 3993.887 | / | 41303.298 | |
= | 0.09669656 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep22) |
= | 3807.098 | / | 37909.993 | |
= | 0.10042466 |
YTO Express Group Co's return on assets of this year was 0.09669656. YTO Express Group Co's return on assets of last year was 0.10042466.
==> 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.
YTO Express Group Co's current Net Income (TTM) was 3,994. YTO Express Group Co's current Cash Flow from Operations (TTM) was 6,311.
==> 6,311 > 3,994 ==> 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 |
= | 1696.689 | / | 43401.6928 | |
= | 0.03909269 |
Gearing (Last Year: Sep23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep22 to Sep23 |
= | 667.451 | / | 39788.9248 | |
= | 0.01677479 |
YTO Express Group Co's gearing of this year was 0.03909269. YTO Express Group Co's gearing of last year was 0.01677479.
==> 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 |
= | 14010.283 | / | 12338.947 | |
= | 1.13545208 |
Current Ratio (Last Year: Sep23) | = | Total Current Assets | / | Total Current Liabilities |
= | 14424.124 | / | 11345.535 | |
= | 1.27134807 |
YTO Express Group Co's current ratio of this year was 1.13545208. YTO Express Group Co's current ratio of last year was 1.27134807.
==> 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.
YTO Express Group Co's number of shares in issue this year was 3444.957. YTO Express Group Co's number of shares in issue last year was 3442.908.
==> 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 |
= | 6338.371 | / | 66294.881 | |
= | 0.09560875 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 5876.404 | / | 55473.556 | |
= | 0.10593163 |
YTO Express Group Co's gross margin of this year was 0.09560875. YTO Express Group Co's gross margin of last year was 0.10593163.
==> 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 (Sep23) |
= | 66294.881 | / | 41303.298 | |
= | 1.60507476 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep22) |
= | 55473.556 | / | 37909.993 | |
= | 1.46329639 |
YTO Express Group Co's asset turnover of this year was 1.60507476. YTO Express Group Co's asset turnover of last year was 1.46329639.
==> 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 | + | 0 | + | 1 | + | 0 | + | 0 | + | 0 | + | 0 | + | 1 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
YTO Express Group Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
YTO Express Group Co (SHSE:600233) 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.
Thank you for viewing the detailed overview of YTO Express Group Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Ge Cheng Jie | senior management | |
Lin Kai | senior management | |
Li Xian Jun | senior management | |
Pan Shui Miao | Directors, senior managers | |
Wang Yan Ming | Supervisors | |
Tao Li Chun | Supervisors | |
Xu Zhang Qing | senior management | |
Zhang Long Wu | senior management | |
Wen Hang Ping | senior management | |
Deng Xiao Bo | senior management | |
Shi Dou Dou | senior management | |
Liu Hai | Director | |
Li Feng | Director | |
Pan Li Xiang | senior management | |
Hu Dong Mei | Director |
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