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Wonders Information Co (SZSE:300168) Piotroski F-Score : 3 (As of Apr. 22, 2025)


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What is Wonders Information Co Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 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

Wonders Information Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Wonders Information Co's Piotroski F-Score or its related term are showing as below:

SZSE:300168' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Wonders Information Co was 7. The lowest was 1. And the median was 3.


Wonders Information Co Piotroski F-Score Historical Data

The historical data trend for Wonders Information 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.

Wonders Information Co Piotroski F-Score Chart

Wonders Information 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 3.00 5.00 7.00 2.00 2.00

Wonders Information Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.00 2.00 4.00 2.00 3.00

Competitive Comparison of Wonders Information Co's Piotroski F-Score

For the Information Technology Services subindustry, Wonders Information 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.


Wonders Information Co's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Wonders Information Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wonders Information 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -560.907 + -211.7 + -153.889 + -193.307 = ¥-1,120 Mil.
Cash Flow from Operations was 665.627 + -388.642 + -244.498 + 4.533 = ¥37 Mil.
Revenue was 553.561 + 349.735 + 573.24 + 398.133 = ¥1,875 Mil.
Gross Profit was 13.1 + 36.305 + 105.289 + 65.409 = ¥220 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(7202.615 + 6965.125 + 6677.485 + 6830.995 + 6643.551) / 5 = ¥6863.9542 Mil.
Total Assets at the begining of this year (Sep23) was ¥7,203 Mil.
Long-Term Debt & Capital Lease Obligation was ¥940 Mil.
Total Current Assets was ¥3,551 Mil.
Total Current Liabilities was ¥3,865 Mil.
Net Income was 30.47 + -42.993 + -53.924 + -240.743 = ¥-307 Mil.

Revenue was 993.899 + 663.378 + 744.524 + 497.112 = ¥2,899 Mil.
Gross Profit was 284.33 + 209.165 + 198.146 + 67.523 = ¥759 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(6799.477 + 6861.672 + 7964.073 + 7361.043 + 7202.615) / 5 = ¥7237.776 Mil.
Total Assets at the begining of last year (Sep22) was ¥6,799 Mil.
Long-Term Debt & Capital Lease Obligation was ¥881 Mil.
Total Current Assets was ¥4,008 Mil.
Total Current Liabilities was ¥3,368 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.

Wonders Information Co's current Net Income (TTM) was -1,120. ==> 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.

Wonders Information Co's current Cash Flow from Operations (TTM) was 37. ==> 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)
=-1119.803/7202.615
=-0.15547173

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-307.19/6799.477
=-0.04517847

Wonders Information Co's return on assets of this year was -0.15547173. Wonders Information Co's return on assets of last year was -0.04517847. ==> 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.

Wonders Information Co's current Net Income (TTM) was -1,120. Wonders Information Co's current Cash Flow from Operations (TTM) was 37. ==> 37 > -1,120 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=939.755/6863.9542
=0.13691161

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=880.704/7237.776
=0.12168158

Wonders Information Co's gearing of this year was 0.13691161. Wonders Information Co's gearing of last year was 0.12168158. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=3551.206/3865.137
=0.91877882

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=4008.174/3367.961
=1.1900892

Wonders Information Co's current ratio of this year was 0.91877882. Wonders Information Co's current ratio of last year was 1.1900892. ==> 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.

Wonders Information Co's number of shares in issue this year was 1440.441. Wonders Information Co's number of shares in issue last year was 1444.542. ==> 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
=220.103/1874.669
=0.11740899

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=759.164/2898.913
=0.26187885

Wonders Information Co's gross margin of this year was 0.11740899. Wonders Information Co's gross margin of last year was 0.26187885. ==> 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 (Sep23)
=1874.669/7202.615
=0.26027616

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=2898.913/6799.477
=0.42634353

Wonders Information Co's asset turnover of this year was 0.26027616. Wonders Information Co's asset turnover of last year was 0.42634353. ==> 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+1+0+0
=3

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

Wonders Information Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Wonders Information Co  (SZSE:300168) 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.


Wonders Information Co Piotroski F-Score Related Terms

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Wonders Information Co Business Description

Traded in Other Exchanges
N/A
Address
No 1518, Lianhang Road, Minhang District, Shanghai, CHN, 201112
Wonders Information Co Ltd is a software and service provider of information technology. Based on the core business of the industry, the company focuses on the development of online operation of public services, actively explores offline closed-loop services, continuously improves the operational efficiency of the city, and provides more convenient services, leading the transformation of the national medical health, culture and education industries. The company holds more than 600 software products and software copyrights.
Executives
Li Guang Ya Directors, executives
Zhang Ling Qing Directors, executives
Wang Wen Yu Securities Affairs Representative
Tan Li Xiang Executives
Weng Si Yue Executives
Jiang Feng Executives
Yang Ling Executives
Zhu Jun Hai Executives
Shi Yi Bing Directors, executives
Zhang Tian Ren Executives
Wang Qing Directors, executives
Wang Qing Gang Supervisors
Wang Hu Supervisors
Wen Jian Zhong Executives
Xue Li Fang Executives

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