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Poly Plastic Masterbatch (SuZhou) Co (SZSE:300905) Piotroski F-Score : 5 (As of Apr. 22, 2025)


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What is Poly Plastic Masterbatch (SuZhou) 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

Poly Plastic Masterbatch (SuZhou) 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 Poly Plastic Masterbatch (SuZhou) Co's Piotroski F-Score or its related term are showing as below:

SZSE:300905' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 9 years, the highest Piotroski F-Score of Poly Plastic Masterbatch (SuZhou) Co was 6. The lowest was 3. And the median was 5.


Poly Plastic Masterbatch (SuZhou) Co Piotroski F-Score Historical Data

The historical data trend for Poly Plastic Masterbatch (SuZhou) 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.

Poly Plastic Masterbatch (SuZhou) Co Piotroski F-Score Chart

Poly Plastic Masterbatch (SuZhou) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 3.00 3.00 6.00 5.00

Poly Plastic Masterbatch (SuZhou) 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 7.00 6.00 6.00 5.00

Competitive Comparison of Poly Plastic Masterbatch (SuZhou) Co's Piotroski F-Score

For the Specialty Chemicals subindustry, Poly Plastic Masterbatch (SuZhou) 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.


Poly Plastic Masterbatch (SuZhou) Co's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Poly Plastic Masterbatch (SuZhou) Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Poly Plastic Masterbatch (SuZhou) 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 25.813 + 29.588 + 25.469 + 33.155 = ¥114 Mil.
Cash Flow from Operations was -4.083 + 49.753 + 40.78 + 46.284 = ¥133 Mil.
Revenue was 326.534 + 339.318 + 345.617 + 351.542 = ¥1,363 Mil.
Gross Profit was 59.858 + 61.303 + 58.772 + 69.498 = ¥249 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2028.399 + 2034.665 + 2013.367 + 2064.224 + 2131.594) / 5 = ¥2054.4498 Mil.
Total Assets at the begining of this year (Dec23) was ¥2,028 Mil.
Long-Term Debt & Capital Lease Obligation was ¥60 Mil.
Total Current Assets was ¥1,062 Mil.
Total Current Liabilities was ¥174 Mil.
Net Income was 12.908 + 27.87 + 33.443 + 25.267 = ¥99 Mil.

Revenue was 184.687 + 286.421 + 353.703 + 372.245 = ¥1,197 Mil.
Gross Profit was 25.973 + 52.914 + 62.74 + 64.676 = ¥206 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1429.778 + 1461.43 + 1946.988 + 1992.549 + 2028.399) / 5 = ¥1771.8288 Mil.
Total Assets at the begining of last year (Dec22) was ¥1,430 Mil.
Long-Term Debt & Capital Lease Obligation was ¥0 Mil.
Total Current Assets was ¥1,011 Mil.
Total Current Liabilities was ¥195 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.

Poly Plastic Masterbatch (SuZhou) Co's current Net Income (TTM) was 114. ==> 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.

Poly Plastic Masterbatch (SuZhou) Co's current Cash Flow from Operations (TTM) was 133. ==> 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)
=114.025/2028.399
=0.05621429

ROA (Last Year)=Net Income/Total Assets (Dec22)
=99.488/1429.778
=0.06958283

Poly Plastic Masterbatch (SuZhou) Co's return on assets of this year was 0.05621429. Poly Plastic Masterbatch (SuZhou) Co's return on assets of last year was 0.06958283. ==> 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.

Poly Plastic Masterbatch (SuZhou) Co's current Net Income (TTM) was 114. Poly Plastic Masterbatch (SuZhou) Co's current Cash Flow from Operations (TTM) was 133. ==> 133 > 114 ==> 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
=59.917/2054.4498
=0.0291645

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.405/1771.8288
=0.00022858

Poly Plastic Masterbatch (SuZhou) Co's gearing of this year was 0.0291645. Poly Plastic Masterbatch (SuZhou) Co's gearing of last year was 0.00022858. ==> 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
=1061.699/174.403
=6.08761891

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1010.648/195.29
=5.17511393

Poly Plastic Masterbatch (SuZhou) Co's current ratio of this year was 6.08761891. Poly Plastic Masterbatch (SuZhou) Co's current ratio of last year was 5.17511393. ==> 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.

Poly Plastic Masterbatch (SuZhou) Co's number of shares in issue this year was 185.245. Poly Plastic Masterbatch (SuZhou) Co's number of shares in issue last year was 168.106. ==> 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
=249.431/1363.011
=0.18299999

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=206.303/1197.056
=0.17234198

Poly Plastic Masterbatch (SuZhou) Co's gross margin of this year was 0.18299999. Poly Plastic Masterbatch (SuZhou) Co's gross margin of last year was 0.17234198. ==> 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 (Dec23)
=1363.011/2028.399
=0.67196395

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1197.056/1429.778
=0.83723207

Poly Plastic Masterbatch (SuZhou) Co's asset turnover of this year was 0.67196395. Poly Plastic Masterbatch (SuZhou) Co's asset turnover of last year was 0.83723207. ==> 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+1+0+1+0
=5

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

Poly Plastic Masterbatch (SuZhou) Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Poly Plastic Masterbatch (SuZhou) Co  (SZSE:300905) 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.


Poly Plastic Masterbatch (SuZhou) Co Piotroski F-Score Related Terms

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Poly Plastic Masterbatch (SuZhou) Co Business Description

Traded in Other Exchanges
N/A
Address
Xiangcheng District, Shiqiao Village, Beiqiao Town, Jiangsu Province, Suzhou, CHN, 215144
Poly Plastic Masterbatch (SuZhou) Co Ltd is engaged in manufacturing and sales of chemical fiber masterbatch used for dope dyed yarn and additive materials, and provide technology support for customers' product application. The company's main products include Polyester Masterbatch and Nylon Masterbatch.
Executives
Chen Jin Song Directors, executives
Yuan Xiao Feng Directors, executives
Zhu Jian Guo Directors, executives
Gong Fu Ming Directors, executives

Poly Plastic Masterbatch (SuZhou) Co Headlines

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