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Yonz Technology Co (SHSE:603381) Piotroski F-Score : N/A (As of Mar. 28, 2025)


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What is Yonz Technology 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

Yonz Technology Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

During the past 4 years, the highest Piotroski F-Score of Yonz Technology Co was 3. The lowest was 3. And the median was 3.


Yonz Technology Co Piotroski F-Score Historical Data

The historical data trend for Yonz Technology 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.

Yonz Technology Co Piotroski F-Score Chart

Yonz Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A N/A

Yonz Technology Co Quarterly Data
Dec20 Dec21 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 N/A N/A N/A 3.00 N/A

Competitive Comparison of Yonz Technology Co's Piotroski F-Score

For the Solar subindustry, Yonz Technology 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.


Yonz Technology Co's Piotroski F-Score Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Yonz Technology Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yonz Technology 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 118.339 + 67.267 + 109.315 + 1.829 = ¥297 Mil.
Cash Flow from Operations was -634.981 + -594.982 + -1435.919 + -1346.604 = ¥-4,012 Mil.
Revenue was 1491.641 + 1478.832 + 2054.428 + 2201.251 = ¥7,226 Mil.
Gross Profit was 139.069 + 97.897 + 155.92 + 44.527 = ¥437 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(5723.566 + 6401.411 + 7139.677 + 10317.647 + 10628.304) / 5 = ¥8042.121 Mil.
Total Assets at the begining of this year (Sep23) was ¥5,724 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1 Mil.
Total Current Assets was ¥6,898 Mil.
Total Current Liabilities was ¥6,681 Mil.
Net Income was 80.367 + 62.445 + 107.533 + 82.561 = ¥333 Mil.

Revenue was 1231.063 + 1211.949 + 1287.491 + 1399.705 = ¥5,130 Mil.
Gross Profit was -3480.957 + 122.885 + 166.345 + 1399.705 = ¥-1,792 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0 + 4067.057 + 0 + 5353.002 + 5723.566) / 5 = ¥5047.875 Mil.
Total Assets at the begining of last year (Sep22) was ¥0 Mil.
Long-Term Debt & Capital Lease Obligation was ¥0 Mil.
Total Current Assets was ¥0 Mil.
Total Current Liabilities was ¥0 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.

Yonz Technology Co's current Net Income (TTM) was 297. ==> 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.

Yonz Technology Co's current Cash Flow from Operations (TTM) was -4,012. ==> 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 (Sep23)
=296.75/5723.566
=0.05184705

ROA (Last Year)=Net Income/Total Assets (Sep22)
=332.906/0
=

Yonz Technology Co's return on assets of this year was 0.05184705. Yonz Technology Co's return on assets of last year was . ==> 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.

Yonz Technology Co's current Net Income (TTM) was 297. Yonz Technology Co's current Cash Flow from Operations (TTM) was -4,012. ==> -4,012 <= 297 ==> CFROA <= ROA ==> Score 0.

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
=1.297/8042.121
=0.00016128

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/5047.875
=0

Yonz Technology Co's gearing of this year was 0.00016128. Yonz Technology Co's gearing of last year was 0. ==> 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
=6898.429/6681.166
=1.03251873

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0/0
=

Yonz Technology Co's current ratio of this year was 1.03251873. Yonz Technology Co's current ratio of last year was . ==> 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.

Yonz Technology Co's number of shares in issue this year was 237.254. Yonz Technology Co's number of shares in issue last year was 177.945. ==> 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
=437.413/7226.152
=0.06053194

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-1792.022/5130.208
=-0.34930786

Yonz Technology Co's gross margin of this year was 0.06053194. Yonz Technology Co's gross margin of last year was -0.34930786. ==> 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)
=7226.152/5723.566
=1.26252619

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=5130.208/0
=

Yonz Technology Co's asset turnover of this year was 1.26252619. Yonz Technology Co's asset turnover of last year was . ==> 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+0+1+0+0+1+0+1+1
=5

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

Yonz Technology Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Yonz Technology Co  (SHSE:603381) 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.


Yonz Technology Co Piotroski F-Score Related Terms

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Yonz Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 99 Yuehu North Road, Jintan District, Jiangsu Province, Changzhou, CHN, 213200
Yonz Technology Co Ltd is engaged in the research and development, production, sales and application of green energy structural materials. Its products include photovoltaic frame products, photovoltaic building integrated products (BIPV), and distributed photovoltaic bracket structural parts. They are mainly used to protect the edges of photovoltaic modules, strengthen the sealing performance of photovoltaic modules, and improve the overall mechanical strength of photovoltaic modules.

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