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Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Piotroski F-Score : 2 (As of Sep. 21, 2024)


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What is Hunan Xiangjia Animal Husbandry Co Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Hunan Xiangjia Animal Husbandry Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Hunan Xiangjia Animal Husbandry Co's Piotroski F-Score or its related term are showing as below:

SZSE:002982' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 9
Current: 2

During the past 12 years, the highest Piotroski F-Score of Hunan Xiangjia Animal Husbandry Co was 9. The lowest was 1. And the median was 4.


Hunan Xiangjia Animal Husbandry Co Piotroski F-Score Historical Data

The historical data trend for Hunan Xiangjia Animal Husbandry 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.

Hunan Xiangjia Animal Husbandry Co Piotroski F-Score Chart

Hunan Xiangjia Animal Husbandry 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 7.00 4.00 3.00 8.00 4.00

Hunan Xiangjia Animal Husbandry Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.00 4.00 2.00 2.00

Competitive Comparison of Hunan Xiangjia Animal Husbandry Co's Piotroski F-Score

For the Farm Products subindustry, Hunan Xiangjia Animal Husbandry 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.


Hunan Xiangjia Animal Husbandry Co's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hunan Xiangjia Animal Husbandry Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hunan Xiangjia Animal Husbandry 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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 27.796 + -91.436 + -19.413 + 34.012 = ¥-49 Mil.
Cash Flow from Operations was -116.15 + 166.294 + 50.982 + 44.894 = ¥146 Mil.
Revenue was 1050.189 + 1060.172 + 905.192 + 947.958 = ¥3,964 Mil.
Gross Profit was 155.823 + 126.554 + 128.113 + 152.19 = ¥563 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(3798.109 + 3869.598 + 3855.318 + 3885.667 + 3816.123) / 5 = ¥3844.963 Mil.
Total Assets at the begining of this year (Jun23) was ¥3,798 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,158 Mil.
Total Current Assets was ¥1,139 Mil.
Total Current Liabilities was ¥860 Mil.
Net Income was 92.353 + 8.644 + -28.254 + -55.257 = ¥17 Mil.

Revenue was 1091.222 + 1104.25 + 909.18 + 870.582 = ¥3,975 Mil.
Gross Profit was 246.094 + 222.173 + 98.689 + 110.304 = ¥677 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(3567.804 + 3692.47 + 3782.099 + 3655.077 + 3798.109) / 5 = ¥3699.1118 Mil.
Total Assets at the begining of last year (Jun22) was ¥3,568 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,038 Mil.
Total Current Assets was ¥1,416 Mil.
Total Current Liabilities was ¥878 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.

Hunan Xiangjia Animal Husbandry Co's current Net Income (TTM) was -49. ==> Negative ==> Score 0.

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.

Hunan Xiangjia Animal Husbandry Co's current Cash Flow from Operations (TTM) was 146. ==> 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 (Jun23)
=-49.041/3798.109
=-0.01291195

ROA (Last Year)=Net Income/Total Assets (Jun22)
=17.486/3567.804
=0.00490105

Hunan Xiangjia Animal Husbandry Co's return on assets of this year was -0.01291195. Hunan Xiangjia Animal Husbandry Co's return on assets of last year was 0.00490105. ==> 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.

Hunan Xiangjia Animal Husbandry Co's current Net Income (TTM) was -49. Hunan Xiangjia Animal Husbandry Co's current Cash Flow from Operations (TTM) was 146. ==> 146 > -49 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1158.425/3844.963
=0.30128378

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=1038.391/3699.1118
=0.2807136

Hunan Xiangjia Animal Husbandry Co's gearing of this year was 0.30128378. Hunan Xiangjia Animal Husbandry Co's gearing of last year was 0.2807136. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=1139.486/859.989
=1.32500067

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=1415.928/877.904
=1.61285061

Hunan Xiangjia Animal Husbandry Co's current ratio of this year was 1.32500067. Hunan Xiangjia Animal Husbandry Co's current ratio of last year was 1.61285061. ==> 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.

Hunan Xiangjia Animal Husbandry Co's number of shares in issue this year was 153.335. Hunan Xiangjia Animal Husbandry Co's number of shares in issue last year was 102.779. ==> 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
=562.68/3963.511
=0.14196504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=677.26/3975.234
=0.17036984

Hunan Xiangjia Animal Husbandry Co's gross margin of this year was 0.14196504. Hunan Xiangjia Animal Husbandry Co's gross margin of last year was 0.17036984. ==> 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 (Jun23)
=3963.511/3798.109
=1.04354851

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=3975.234/3567.804
=1.1141963

Hunan Xiangjia Animal Husbandry Co's asset turnover of this year was 1.04354851. Hunan Xiangjia Animal Husbandry Co's asset turnover of last year was 1.1141963. ==> 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
=0+1+0+1+0+0+0+0+0
=2

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

Hunan Xiangjia Animal Husbandry Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Hunan Xiangjia Animal Husbandry Co  (SZSE:002982) 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.


Hunan Xiangjia Animal Husbandry Co Piotroski F-Score Related Terms

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Hunan Xiangjia Animal Husbandry Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Jiashan Road, Tiangongshan Neighborhood Committee, Shimen Economic Development Zone, Hunan Province, Changde, CHN, 415300
Hunan Xiangjia Animal Husbandry Co Ltd is a poultry breeding and processing and organic fertilizer processing from farm to table and farm to farm in Hunan. The company engages in breeding poultry; poultry hatching, breeding, slaughtering, processing and sales, compound feed processing and sales, and biological fertilizer processing and sales.
Executives
Tang Shan Chu Directors, executives
He Ye Chun Directors, Directors, and Executives
Rao Tian Yu Supervisors

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