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Viet Nam Fumigation JSC (STC:VFG) Piotroski F-Score : N/A (As of Apr. 12, 2025)


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What is Viet Nam Fumigation JSC 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

Viet Nam Fumigation JSC 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 Viet Nam Fumigation JSC's Piotroski F-Score or its related term are showing as below:

During the past 6 years, the highest Piotroski F-Score of Viet Nam Fumigation JSC was 8. The lowest was 4. And the median was 5.


Viet Nam Fumigation JSC Piotroski F-Score Historical Data

The historical data trend for Viet Nam Fumigation JSC'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.

Viet Nam Fumigation JSC Piotroski F-Score Chart

Viet Nam Fumigation JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 8.00 4.00 N/A

Viet Nam Fumigation JSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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 4.00 6.00 7.00 N/A

Competitive Comparison of Viet Nam Fumigation JSC's Piotroski F-Score

For the Agricultural Inputs subindustry, Viet Nam Fumigation JSC'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.


Viet Nam Fumigation JSC's Piotroski F-Score Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Viet Nam Fumigation JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Viet Nam Fumigation JSC'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 (Dec24) TTM:Last Year (Sep23) TTM:
Net Income was 116603.963 + 81519.991 + 193999.664 + 115275.046 = ₫507,399 Mil.
Cash Flow from Operations was 114649.25 + 0 + 286944.124 + -136213.258 = ₫265,380 Mil.
Revenue was 1159294.448 + 850853.933 + 885220.093 + 795723.091 = ₫3,691,092 Mil.
Gross Profit was 286916.922 + 198856.783 + 271114.637 + 210429.924 = ₫967,318 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Dec24) was
(0 + 2945607.649 + 2151110.589 + 2490204.876 + 2495777.592) / 5 = ₫2520675.1765 Mil.
Total Assets at the begining of this year (Sep23) was ₫0 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Total Current Assets was ₫2,206,932 Mil.
Total Current Liabilities was ₫873,604 Mil.
Net Income was 51005.127 + 59755.886 + 56919.624 + 66361.398 = ₫234,042 Mil.

Revenue was 644707.159 + 786325.157 + 670623.329 + 741686.031 = ₫2,843,342 Mil.
Gross Profit was 161666.097 + 182856.038 + 179267.163 + 174598.413 = ₫698,388 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Sep23) was
(1989145.505 + 2194187.921 + 2209765.94 + 2663676.133 + 0) / 5 = ₫2264193.87475 Mil.
Total Assets at the begining of last year (Mar22) was ₫1,989,146 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.

Viet Nam Fumigation JSC's current Net Income (TTM) was 507,399. ==> 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.

Viet Nam Fumigation JSC's current Cash Flow from Operations (TTM) was 265,380. ==> 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)
=507398.664/0
=

ROA (Last Year)=Net Income/Total Assets (Mar22)
=234042.035/1989145.505
=0.11765959

Viet Nam Fumigation JSC's return on assets of this year was . Viet Nam Fumigation JSC's return on assets of last year was 0.11765959. ==> 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.

Viet Nam Fumigation JSC's current Net Income (TTM) was 507,399. Viet Nam Fumigation JSC's current Cash Flow from Operations (TTM) was 265,380. ==> 265,380 <= 507,399 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Dec24
=0/2520675.1765
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Sep23
=0/2264193.87475
=0

Viet Nam Fumigation JSC's gearing of this year was 0. Viet Nam Fumigation JSC's gearing of last year was 0. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=2206932.22/873604.179
=2.52623817

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

Viet Nam Fumigation JSC's current ratio of this year was 2.52623817. Viet Nam Fumigation JSC'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.

Viet Nam Fumigation JSC's number of shares in issue this year was 41.713. Viet Nam Fumigation JSC's number of shares in issue last year was 48.298. ==> 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
=967318.266/3691091.565
=0.26206835

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=698387.711/2843341.676
=0.24562216

Viet Nam Fumigation JSC's gross margin of this year was 0.26206835. Viet Nam Fumigation JSC's gross margin of last year was 0.24562216. ==> 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)
=3691091.565/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2843341.676/1989145.505
=1.4294287

Viet Nam Fumigation JSC's asset turnover of this year was . Viet Nam Fumigation JSC's asset turnover of last year was 1.4294287. ==> 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+0+1+1+1+1+0
=6

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

Viet Nam Fumigation JSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Viet Nam Fumigation JSC  (STC:VFG) 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.


Viet Nam Fumigation JSC Piotroski F-Score Related Terms

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Viet Nam Fumigation JSC Business Description

Traded in Other Exchanges
N/A
Address
29 Ton Duc Thang Street, District 1, Ben Nghe Ward, Ho Chi Minh City, VNM
Viet Nam Fumigation JSC is engaged in processing, packaging, and trading agrochemical products, including insecticides, herbicides, fungicides, fertilizers, and seeds. Its other service includes Vessel Fumigation, Container Fumigation, Warehouse Fumigation, and Soil Fumigation.

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