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Sinoma Science & Technology Co (SZSE:002080) Piotroski F-Score : 4 (As of Apr. 23, 2025)


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What is Sinoma Science & 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

Sinoma Science & Technology 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 Sinoma Science & Technology Co's Piotroski F-Score or its related term are showing as below:

SZSE:002080' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Sinoma Science & Technology Co was 8. The lowest was 4. And the median was 6.


Sinoma Science & Technology Co Piotroski F-Score Historical Data

The historical data trend for Sinoma Science & 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.

Sinoma Science & Technology Co Piotroski F-Score Chart

Sinoma Science & Technology 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 8.00 7.00 4.00 6.00 4.00

Sinoma Science & Technology Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 6.00 5.00 4.00 3.00 4.00

Competitive Comparison of Sinoma Science & Technology Co's Piotroski F-Score

For the Chemicals subindustry, Sinoma Science & 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.


Sinoma Science & Technology Co's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sinoma Science & Technology Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sinoma Science & 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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 216.241 + 248.437 + 143.687 + 283.502 = ¥892 Mil.
Cash Flow from Operations was -1757.206 + 1736.672 + 1914.632 + 1705.998 = ¥3,600 Mil.
Revenue was 4430.318 + 6109.894 + 6270.47 + 7173.167 = ¥23,984 Mil.
Gross Profit was 860.988 + 1079.672 + 1053.496 + 1088.41 = ¥4,083 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(56896.725 + 58235.693 + 58188.805 + 58363.025 + 59864.697) / 5 = ¥58309.789 Mil.
Total Assets at the begining of this year (Dec23) was ¥56,897 Mil.
Long-Term Debt & Capital Lease Obligation was ¥10,846 Mil.
Total Current Assets was ¥19,880 Mil.
Total Current Liabilities was ¥20,491 Mil.
Net Income was 413.114 + 978.021 + 315.836 + 516.34 = ¥2,223 Mil.

Revenue was 5043.464 + 7336.07 + 5932.831 + 7580.269 = ¥25,893 Mil.
Gross Profit was 1269.695 + 1876.181 + 1314.115 + 1749.304 = ¥6,209 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(52715.767 + 46750.864 + 54695.052 + 54716.066 + 56896.725) / 5 = ¥53154.8948 Mil.
Total Assets at the begining of last year (Dec22) was ¥52,716 Mil.
Long-Term Debt & Capital Lease Obligation was ¥9,327 Mil.
Total Current Assets was ¥21,291 Mil.
Total Current Liabilities was ¥19,152 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.

Sinoma Science & Technology Co's current Net Income (TTM) was 892. ==> 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.

Sinoma Science & Technology Co's current Cash Flow from Operations (TTM) was 3,600. ==> 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 (Dec23)
=891.867/56896.725
=0.01567519

ROA (Last Year)=Net Income/Total Assets (Dec22)
=2223.311/52715.767
=0.04217545

Sinoma Science & Technology Co's return on assets of this year was 0.01567519. Sinoma Science & Technology Co's return on assets of last year was 0.04217545. ==> 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.

Sinoma Science & Technology Co's current Net Income (TTM) was 892. Sinoma Science & Technology Co's current Cash Flow from Operations (TTM) was 3,600. ==> 3,600 > 892 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=10845.763/58309.789
=0.18600244

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=9327.367/53154.8948
=0.17547522

Sinoma Science & Technology Co's gearing of this year was 0.18600244. Sinoma Science & Technology Co's gearing of last year was 0.17547522. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=19880.209/20490.873
=0.97019824

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=21291.023/19151.699
=1.11170414

Sinoma Science & Technology Co's current ratio of this year was 0.97019824. Sinoma Science & Technology Co's current ratio of last year was 1.11170414. ==> 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.

Sinoma Science & Technology Co's number of shares in issue this year was 1677.331. Sinoma Science & Technology Co's number of shares in issue last year was 1678.065. ==> 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
=4082.566/23983.849
=0.17022147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6209.295/25892.634
=0.23980932

Sinoma Science & Technology Co's gross margin of this year was 0.17022147. Sinoma Science & Technology Co's gross margin of last year was 0.23980932. ==> 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 (Dec23)
=23983.849/56896.725
=0.42153303

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=25892.634/52715.767
=0.49117438

Sinoma Science & Technology Co's asset turnover of this year was 0.42153303. Sinoma Science & Technology Co's asset turnover of last year was 0.49117438. ==> 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+1+0+0
=4

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

Sinoma Science & Technology Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Sinoma Science & Technology Co  (SZSE:002080) 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.


Sinoma Science & Technology Co Piotroski F-Score Related Terms

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Sinoma Science & Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Yuanda South Street, Building 1, Lu Xun Cultural Park Creation & Exhibition Center, Haidian District, Beijing, CHN, 100097
Sinoma Science & Technology Co Ltd is a China-based company engages in the research, design, manufacture, and sale of special fiber composite materials. Its product and services include Composite wind Power blades, Fiberglass and Products, Lithium Battery Separator, High-pressure Gas Cylinders, Filtration and Separation Material, Special Fibers and Composites and Engineering technology and Equipment.
Executives
Guo Wei Supervisors
Tan Zhong Ming Director
Zhu Jian Xun Director

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