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HUANLEJIA Food Group Co (SZSE:300997) Piotroski F-Score : 3 (As of Mar. 25, 2025)


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What is HUANLEJIA Food Group 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

HUANLEJIA Food Group 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 HUANLEJIA Food Group Co's Piotroski F-Score or its related term are showing as below:

SZSE:300997' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 3

During the past 7 years, the highest Piotroski F-Score of HUANLEJIA Food Group Co was 9. The lowest was 3. And the median was 6.


HUANLEJIA Food Group Co Piotroski F-Score Historical Data

The historical data trend for HUANLEJIA Food Group 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.

HUANLEJIA Food Group Co Piotroski F-Score Chart

HUANLEJIA Food Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 6.00 5.00 8.00

HUANLEJIA Food Group 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 8.00 8.00 8.00 4.00 3.00

Competitive Comparison of HUANLEJIA Food Group Co's Piotroski F-Score

For the Beverages - Non-Alcoholic subindustry, HUANLEJIA Food Group 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.


HUANLEJIA Food Group Co's Piotroski F-Score Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, HUANLEJIA Food Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where HUANLEJIA Food Group 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 102.642 + 82.086 + 0.368 + 1.307 = ¥186 Mil.
Cash Flow from Operations was 345.302 + -40.037 + -149.152 + 14.588 = ¥171 Mil.
Revenue was 616.682 + 551.029 + 394.247 + 394.701 = ¥1,957 Mil.
Gross Profit was 253.357 + 213.268 + 125.638 + 119.627 = ¥712 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1881.881 + 2226.891 + 2006.9 + 1935.567 + 1906.077) / 5 = ¥1991.4632 Mil.
Total Assets at the begining of this year (Sep23) was ¥1,882 Mil.
Long-Term Debt & Capital Lease Obligation was ¥31 Mil.
Total Current Assets was ¥937 Mil.
Total Current Liabilities was ¥798 Mil.
Net Income was 85.775 + 85.272 + 44.449 + 46.03 = ¥262 Mil.

Revenue was 533.554 + 516.873 + 395.196 + 393.853 = ¥1,839 Mil.
Gross Profit was 182.802 + 190.563 + 149.016 + 152.057 = ¥674 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1682.756 + 1990.836 + 1868.605 + 1865.044 + 1881.881) / 5 = ¥1857.8244 Mil.
Total Assets at the begining of last year (Sep22) was ¥1,683 Mil.
Long-Term Debt & Capital Lease Obligation was ¥5 Mil.
Total Current Assets was ¥969 Mil.
Total Current Liabilities was ¥478 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.

HUANLEJIA Food Group Co's current Net Income (TTM) was 186. ==> 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.

HUANLEJIA Food Group Co's current Cash Flow from Operations (TTM) was 171. ==> 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)
=186.403/1881.881
=0.09905143

ROA (Last Year)=Net Income/Total Assets (Sep22)
=261.526/1682.756
=0.15541528

HUANLEJIA Food Group Co's return on assets of this year was 0.09905143. HUANLEJIA Food Group Co's return on assets of last year was 0.15541528. ==> 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.

HUANLEJIA Food Group Co's current Net Income (TTM) was 186. HUANLEJIA Food Group Co's current Cash Flow from Operations (TTM) was 171. ==> 171 <= 186 ==> CFROA <= ROA ==> Score 0.

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
=30.969/1991.4632
=0.01555088

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=5.059/1857.8244
=0.00272308

HUANLEJIA Food Group Co's gearing of this year was 0.01555088. HUANLEJIA Food Group Co's gearing of last year was 0.00272308. ==> 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
=937.172/797.52
=1.17510783

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=969.234/478.144
=2.02707553

HUANLEJIA Food Group Co's current ratio of this year was 1.17510783. HUANLEJIA Food Group Co's current ratio of last year was 2.02707553. ==> 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.

HUANLEJIA Food Group Co's number of shares in issue this year was 419.531. HUANLEJIA Food Group Co's number of shares in issue last year was 445.119. ==> 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
=711.89/1956.659
=0.36382936

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=674.438/1839.476
=0.36664681

HUANLEJIA Food Group Co's gross margin of this year was 0.36382936. HUANLEJIA Food Group Co's gross margin of last year was 0.36664681. ==> 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)
=1956.659/1881.881
=1.03973578

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1839.476/1682.756
=1.09313293

HUANLEJIA Food Group Co's asset turnover of this year was 1.03973578. HUANLEJIA Food Group Co's asset turnover of last year was 1.09313293. ==> 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+0+0+0+1+0+0
=3

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

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

HUANLEJIA Food Group Co  (SZSE:300997) 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.


HUANLEJIA Food Group Co Piotroski F-Score Related Terms

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HUANLEJIA Food Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 71, Renmin Avenue Middle, Development Zone, 28th, 29th, 31st and 32nd floors of Happy Home Building, Guangdong Province, Zhanjiang, CHN, 524026
HUANLEJIA Food Group Co Ltd is engaged in research and development, production and sales of food and beverage products such as canned fruits, vegetable protein beverages, fruit juice beverages, and lactic acid bacteria beverages.

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