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Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Piotroski F-Score : 9 (As of Apr. 23, 2025)


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What is Suzhou Electrical Apparatus Science Academy Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Suzhou Electrical Apparatus Science Academy Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Suzhou Electrical Apparatus Science Academy Co's Piotroski F-Score or its related term are showing as below:

SZSE:300215' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Suzhou Electrical Apparatus Science Academy Co was 9. The lowest was 3. And the median was 6.


Suzhou Electrical Apparatus Science Academy Co Piotroski F-Score Historical Data

The historical data trend for Suzhou Electrical Apparatus Science Academy 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.

Suzhou Electrical Apparatus Science Academy Co Piotroski F-Score Chart

Suzhou Electrical Apparatus Science Academy 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 3.00 8.00 4.00 6.00 -

Suzhou Electrical Apparatus Science Academy 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 8.00 9.00 - -

Competitive Comparison of Suzhou Electrical Apparatus Science Academy Co's Piotroski F-Score

For the Specialty Business Services subindustry, Suzhou Electrical Apparatus Science Academy 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.


Suzhou Electrical Apparatus Science Academy Co's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Suzhou Electrical Apparatus Science Academy Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Suzhou Electrical Apparatus Science Academy 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 3.279 + 11.475 + 6.251 + -19.823 = ¥1.2 Mil.
Cash Flow from Operations was 89.545 + 51.109 + 100.964 + 37.769 = ¥279.4 Mil.
Revenue was 167.434 + 151.122 + 155.959 + 107.158 = ¥581.7 Mil.
Gross Profit was 62.649 + 56.327 + 54.071 + 16.901 = ¥189.9 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2789.655 + 2761.357 + 2720.313 + 2668.604 + 2693.444) / 5 = ¥2726.6746 Mil.
Total Assets at the begining of this year (Mar24) was ¥2,789.7 Mil.
Long-Term Debt & Capital Lease Obligation was ¥233.0 Mil.
Total Current Assets was ¥604.1 Mil.
Total Current Liabilities was ¥467.8 Mil.
Net Income was 3.701 + -0.203 + 26.953 + 0.993 = ¥31.4 Mil.

Revenue was 156.061 + 152.142 + 180.816 + 144.856 = ¥633.9 Mil.
Gross Profit was 47.45 + 46.423 + 75.665 + 48.288 = ¥217.8 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2953.833 + 2920.57 + 2849.952 + 2869.647 + 2789.655) / 5 = ¥2876.7314 Mil.
Total Assets at the begining of last year (Mar23) was ¥2,953.8 Mil.
Long-Term Debt & Capital Lease Obligation was ¥369.4 Mil.
Total Current Assets was ¥434.6 Mil.
Total Current Liabilities was ¥404.3 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.

Suzhou Electrical Apparatus Science Academy Co's current Net Income (TTM) was 1.2. ==> 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.

Suzhou Electrical Apparatus Science Academy Co's current Cash Flow from Operations (TTM) was 279.4. ==> 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)
=1.182/2789.655
=0.00042371

ROA (Last Year)=Net Income/Total Assets (Mar23)
=31.444/2953.833
=0.01064515

Suzhou Electrical Apparatus Science Academy Co's return on assets of this year was 0.00042371. Suzhou Electrical Apparatus Science Academy Co's return on assets of last year was 0.01064515. ==> 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.

Suzhou Electrical Apparatus Science Academy Co's current Net Income (TTM) was 1.2. Suzhou Electrical Apparatus Science Academy Co's current Cash Flow from Operations (TTM) was 279.4. ==> 279.4 > 1.2 ==> 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
=232.995/2726.6746
=0.08545024

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=369.432/2876.7314
=0.12842075

Suzhou Electrical Apparatus Science Academy Co's gearing of this year was 0.08545024. Suzhou Electrical Apparatus Science Academy Co's gearing of last year was 0.12842075. ==> This year is lower or equal to last year. ==> Score 1.

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
=604.054/467.798
=1.29127102

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=434.558/404.299
=1.07484312

Suzhou Electrical Apparatus Science Academy Co's current ratio of this year was 1.29127102. Suzhou Electrical Apparatus Science Academy Co's current ratio of last year was 1.07484312. ==> 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.

Suzhou Electrical Apparatus Science Academy Co's number of shares in issue this year was 660.761. Suzhou Electrical Apparatus Science Academy Co's number of shares in issue last year was 0. ==> 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
=189.948/581.673
=0.32655461

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=217.826/633.875
=0.34364189

Suzhou Electrical Apparatus Science Academy Co's gross margin of this year was 0.32655461. Suzhou Electrical Apparatus Science Academy Co's gross margin of last year was 0.34364189. ==> 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 (Mar24)
=581.673/2789.655
=0.20851073

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=633.875/2953.833
=0.21459405

Suzhou Electrical Apparatus Science Academy Co's asset turnover of this year was 0.20851073. Suzhou Electrical Apparatus Science Academy Co's asset turnover of last year was 0.21459405. ==> 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+1+1+0+0+0
=5

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

Suzhou Electrical Apparatus Science Academy Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Suzhou Electrical Apparatus Science Academy Co  (SZSE:300215) 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.


Suzhou Electrical Apparatus Science Academy Co Piotroski F-Score Related Terms

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Suzhou Electrical Apparatus Science Academy Co Business Description

Traded in Other Exchanges
N/A
Address
No. 7, Yonghe Street, Binhe Road,New Zone, Suzhou, CHN, 215011
Suzhou Electrical Apparatus Science Academy Co Ltd is mainly engaged in testing, researching, training of manpower, getting standard information and developing checkout equipment about power generation assembly, electric transmission and transformation equipment, high voltage electrical apparatus, high voltage switchgear assemblies, low voltage electrical apparatus, low voltage switchgear assemblies, machine tool electric appliance, marine electrical apparatus, nuclear power electrical apparatus, automobile electrical and electronic, wind power generation equipment, solar power photovoltaic system, energy saving products, RoHS, EMC, anti-seismic and so on.
Executives
Jiang Wen Bo Director
Hu De Lin Directors, executives
Li Wei Ping Supervisors
Chen Wei Director

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