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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Piotroski F-Score : 7 (As of Jul. 20, 2025)


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What is Hengdian Group Dmegc Magnetics 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

Hengdian Group Dmegc Magnetics 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 Hengdian Group Dmegc Magnetics Co's Piotroski F-Score or its related term are showing as below:

SZSE:002056' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hengdian Group Dmegc Magnetics Co was 9. The lowest was 2. And the median was 6.


Hengdian Group Dmegc Magnetics Co Piotroski F-Score Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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.

Hengdian Group Dmegc Magnetics Co Piotroski F-Score Chart

Hengdian Group Dmegc Magnetics Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 4.00

Hengdian Group Dmegc Magnetics Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.00 5.00 5.00 4.00 7.00

Competitive Comparison of Hengdian Group Dmegc Magnetics Co's Piotroski F-Score

For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics 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.


Hengdian Group Dmegc Magnetics Co's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hengdian Group Dmegc Magnetics 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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 285.535 + 287.486 + 900.453 + 458.06 = ¥1,932 Mil.
Cash Flow from Operations was 871.954 + -138.092 + 2313.012 + 264.883 = ¥3,312 Mil.
Revenue was 5333.267 + 4014.461 + 4977.108 + 5222.308 = ¥19,547 Mil.
Gross Profit was 795.106 + 675.187 + 1545.385 + 867.161 = ¥3,883 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(21469.039 + 21379.357 + 21102.92 + 24211.548 + 23987.926) / 5 = ¥22430.158 Mil.
Total Assets at the begining of this year (Mar24) was ¥21,469 Mil.
Long-Term Debt & Capital Lease Obligation was ¥252 Mil.
Total Current Assets was ¥16,417 Mil.
Total Current Liabilities was ¥12,450 Mil.
Net Income was 629.132 + 438.793 + 167.609 + 353.299 = ¥1,589 Mil.

Revenue was 5613.921 + 5519.007 + 3968.705 + 4233.741 = ¥19,335 Mil.
Gross Profit was 1214.91 + 952.437 + 712.052 + 655.005 = ¥3,534 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(18447.604 + 19862.739 + 22245.158 + 21208.023 + 21469.039) / 5 = ¥20646.5126 Mil.
Total Assets at the begining of last year (Mar23) was ¥18,448 Mil.
Long-Term Debt & Capital Lease Obligation was ¥203 Mil.
Total Current Assets was ¥14,765 Mil.
Total Current Liabilities was ¥11,814 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.

Hengdian Group Dmegc Magnetics Co's current Net Income (TTM) was 1,932. ==> 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.

Hengdian Group Dmegc Magnetics Co's current Cash Flow from Operations (TTM) was 3,312. ==> 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 (Mar24)
=1931.534/21469.039
=0.08996835

ROA (Last Year)=Net Income/Total Assets (Mar23)
=1588.833/18447.604
=0.08612679

Hengdian Group Dmegc Magnetics Co's return on assets of this year was 0.08996835. Hengdian Group Dmegc Magnetics Co's return on assets of last year was 0.08612679. ==> 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.

Hengdian Group Dmegc Magnetics Co's current Net Income (TTM) was 1,932. Hengdian Group Dmegc Magnetics Co's current Cash Flow from Operations (TTM) was 3,312. ==> 3,312 > 1,932 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=252.037/22430.158
=0.01123652

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=203.403/20646.5126
=0.00985169

Hengdian Group Dmegc Magnetics Co's gearing of this year was 0.01123652. Hengdian Group Dmegc Magnetics Co's gearing of last year was 0.00985169. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=16416.733/12449.595
=1.31865599

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=14764.83/11813.84
=1.24979092

Hengdian Group Dmegc Magnetics Co's current ratio of this year was 1.31865599. Hengdian Group Dmegc Magnetics Co's current ratio of last year was 1.24979092. ==> 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.

Hengdian Group Dmegc Magnetics Co's number of shares in issue this year was 1579.517. Hengdian Group Dmegc Magnetics Co's number of shares in issue last year was 1605.906. ==> 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
=3882.839/19547.144
=0.19863971

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3534.404/19335.374
=0.18279471

Hengdian Group Dmegc Magnetics Co's gross margin of this year was 0.19863971. Hengdian Group Dmegc Magnetics Co's gross margin of last year was 0.18279471. ==> 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 (Mar24)
=19547.144/21469.039
=0.91048062

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=19335.374/18447.604
=1.04812386

Hengdian Group Dmegc Magnetics Co's asset turnover of this year was 0.91048062. Hengdian Group Dmegc Magnetics Co's asset turnover of last year was 1.04812386. ==> 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+1+1+0+1+1+1+0
=7

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

Hengdian Group Dmegc Magnetics Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Hengdian Group Dmegc Magnetics Co  (SZSE:002056) 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.


Hengdian Group Dmegc Magnetics Co Piotroski F-Score Related Terms

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Hengdian Group Dmegc Magnetics Co Business Description

Traded in Other Exchanges
N/A
Address
Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118
Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.
Executives
Ren Xiao Ming Executives
He Shi Jin Director
Li Guo Ping Supervisors
Zhang Zhi Fang Executives
Wu Xue Ping Secretary Dong
Chi Yu Qing Supervisors
Qian Juan Ping Independent director
Xu Xu Qing Director
Ren Guo Liang Supervisors
Zhang Tian Da Director

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