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Yunda Holding Co (SZSE:002120) Piotroski F-Score : 7 (As of May. 15, 2024)


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What is Yunda Holding 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

Yunda Holding 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 Yunda Holding Co's Piotroski F-Score or its related term are showing as below:

SZSE:002120' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Yunda Holding Co was 9. The lowest was 3. And the median was 6.


Yunda Holding Co Piotroski F-Score Historical Data

The historical data trend for Yunda Holding 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.

Yunda Holding Co Piotroski F-Score Chart

Yunda Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 3.00 7.00 6.00

Yunda Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.00 6.00 6.00 6.00 7.00

Competitive Comparison of Yunda Holding Co's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Yunda Holding 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.


Yunda Holding Co's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Yunda Holding Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yunda Holding 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 510.077 + 295.57 + 460.869 + 412.474 = ¥1,679 Mil.
Cash Flow from Operations was 1113.231 + 367.033 + 1868.465 + 510.746 = ¥3,859 Mil.
Revenue was 11099.552 + 11261.168 + 12147.199 + 11155.512 = ¥45,663 Mil.
Gross Profit was 1252.522 + 972.096 + 965.906 + 1151.862 = ¥4,342 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(37305.832 + 38671.924 + 37544.879 + 38078.434 + 37731.43) / 5 = ¥37866.4998 Mil.
Total Assets at the begining of this year (Mar23) was ¥37,306 Mil.
Long-Term Debt & Capital Lease Obligation was ¥7,763 Mil.
Total Current Assets was ¥13,612 Mil.
Total Current Liabilities was ¥9,634 Mil.
Net Income was 202.635 + 195.145 + 737.01 + 358.606 = ¥1,493 Mil.

Revenue was 11291.361 + 12395.781 + 12188.128 + 10474.592 = ¥46,350 Mil.
Gross Profit was 763.294 + 936.298 + 1415.63 + 1106.772 = ¥4,222 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(35657.932 + 37805.764 + 37954.216 + 38072.512 + 37305.832) / 5 = ¥37359.2512 Mil.
Total Assets at the begining of last year (Mar22) was ¥35,658 Mil.
Long-Term Debt & Capital Lease Obligation was ¥6,833 Mil.
Total Current Assets was ¥12,282 Mil.
Total Current Liabilities was ¥12,440 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.

Yunda Holding Co's current Net Income (TTM) was 1,679. ==> 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.

Yunda Holding Co's current Cash Flow from Operations (TTM) was 3,859. ==> 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 (Mar23)
=1678.99/37305.832
=0.0450061

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1493.396/35657.932
=0.04188117

Yunda Holding Co's return on assets of this year was 0.0450061. Yunda Holding Co's return on assets of last year was 0.04188117. ==> 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.

Yunda Holding Co's current Net Income (TTM) was 1,679. Yunda Holding Co's current Cash Flow from Operations (TTM) was 3,859. ==> 3,859 > 1,679 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=7763.412/37866.4998
=0.20502059

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=6833.345/37359.2512
=0.18290905

Yunda Holding Co's gearing of this year was 0.20502059. Yunda Holding Co's gearing of last year was 0.18290905. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=13611.73/9633.944
=1.41289279

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=12282.495/12440.388
=0.98730803

Yunda Holding Co's current ratio of this year was 1.41289279. Yunda Holding Co's current ratio of last year was 0.98730803. ==> 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.

Yunda Holding Co's number of shares in issue this year was 2946.246. Yunda Holding Co's number of shares in issue last year was 2988.387. ==> 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
=4342.386/45663.431
=0.09509548

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4221.994/46349.862
=0.09108968

Yunda Holding Co's gross margin of this year was 0.09509548. Yunda Holding Co's gross margin of last year was 0.09108968. ==> 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 (Mar23)
=45663.431/37305.832
=1.22402929

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=46349.862/35657.932
=1.29984717

Yunda Holding Co's asset turnover of this year was 1.22402929. Yunda Holding Co's asset turnover of last year was 1.29984717. ==> 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

Yunda Holding Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Yunda Holding Co  (SZSE:002120) 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.


Yunda Holding Co Piotroski F-Score Related Terms

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Yunda Holding Co (SZSE:002120) Business Description

Traded in Other Exchanges
N/A
Address
No.8 South Yongqing Road, Chongshou Town, Cixi, Ningbo, CHN, 315300
Yunda is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the customer payments. Unlike some other peers, Yunda controls 100% of its hub-level transit centers, ensuring higher quality assurance. The company was founded by couple Nie Tengyun and Chen Liying. Nie remains the Chairman and President, with a 54.8% stake as of Sept. 30, 2023. Yunda's strategic shareholder is leading China e-commerce company, Alibaba Group, with around a 1.99% interest.

Yunda Holding Co (SZSE:002120) Headlines

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