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Shu Yu Civilian Pharmacy (SZSE:301017) Piotroski F-Score : 3 (As of Dec. 12, 2024)


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What is Shu Yu Civilian Pharmacy 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

Shu Yu Civilian Pharmacy 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 Shu Yu Civilian Pharmacy's Piotroski F-Score or its related term are showing as below:

SZSE:301017' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 11 years, the highest Piotroski F-Score of Shu Yu Civilian Pharmacy was 7. The lowest was 3. And the median was 5.


Shu Yu Civilian Pharmacy Piotroski F-Score Historical Data

The historical data trend for Shu Yu Civilian Pharmacy'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.

Shu Yu Civilian Pharmacy Piotroski F-Score Chart

Shu Yu Civilian Pharmacy 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 6.00 5.00 3.00 7.00 4.00

Shu Yu Civilian Pharmacy 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 6.00 4.00 5.00 4.00 3.00

Competitive Comparison of Shu Yu Civilian Pharmacy's Piotroski F-Score

For the Pharmaceutical Retailers subindustry, Shu Yu Civilian Pharmacy'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.


Shu Yu Civilian Pharmacy's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shu Yu Civilian Pharmacy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shu Yu Civilian Pharmacy'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 -28.817 + 10.508 + 13.687 + -37.387 = ¥-42 Mil.
Cash Flow from Operations was 8.192 + 75.184 + -71.308 + 235.667 = ¥248 Mil.
Revenue was 2656.588 + 2439.084 + 2379.368 + 2259.661 = ¥9,735 Mil.
Gross Profit was 639.347 + 665.196 + 677.016 + 582.891 = ¥2,564 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(8813.753 + 9333.676 + 9564.771 + 9140.573 + 9289.597) / 5 = ¥9228.474 Mil.
Total Assets at the begining of this year (Sep23) was ¥8,814 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,658 Mil.
Total Current Assets was ¥5,307 Mil.
Total Current Liabilities was ¥5,276 Mil.
Net Income was 99.428 + 64.554 + 74.489 + 22.832 = ¥261 Mil.

Revenue was 2575.519 + 2072.483 + 2188.74 + 2273.204 = ¥9,110 Mil.
Gross Profit was 731.204 + 602.625 + 713.789 + 648.301 = ¥2,696 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(6260.311 + 7863.167 + 8059.381 + 8396.944 + 8813.753) / 5 = ¥7878.7112 Mil.
Total Assets at the begining of last year (Sep22) was ¥6,260 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,644 Mil.
Total Current Assets was ¥5,049 Mil.
Total Current Liabilities was ¥4,555 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.

Shu Yu Civilian Pharmacy's current Net Income (TTM) was -42. ==> 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.

Shu Yu Civilian Pharmacy's current Cash Flow from Operations (TTM) was 248. ==> 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)
=-42.009/8813.753
=-0.0047663

ROA (Last Year)=Net Income/Total Assets (Sep22)
=261.303/6260.311
=0.04173962

Shu Yu Civilian Pharmacy's return on assets of this year was -0.0047663. Shu Yu Civilian Pharmacy's return on assets of last year was 0.04173962. ==> 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.

Shu Yu Civilian Pharmacy's current Net Income (TTM) was -42. Shu Yu Civilian Pharmacy's current Cash Flow from Operations (TTM) was 248. ==> 248 > -42 ==> 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
=1657.942/9228.474
=0.17965505

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1643.898/7878.7112
=0.20865062

Shu Yu Civilian Pharmacy's gearing of this year was 0.17965505. Shu Yu Civilian Pharmacy's gearing of last year was 0.20865062. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=5306.795/5276.466
=1.00574798

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=5049.319/4555.17
=1.10848091

Shu Yu Civilian Pharmacy's current ratio of this year was 1.00574798. Shu Yu Civilian Pharmacy's current ratio of last year was 1.10848091. ==> 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.

Shu Yu Civilian Pharmacy's number of shares in issue this year was 512.695. Shu Yu Civilian Pharmacy's number of shares in issue last year was 396.162. ==> 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
=2564.45/9734.701
=0.26343387

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2695.919/9109.946
=0.29593139

Shu Yu Civilian Pharmacy's gross margin of this year was 0.26343387. Shu Yu Civilian Pharmacy's gross margin of last year was 0.29593139. ==> 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)
=9734.701/8813.753
=1.10448988

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=9109.946/6260.311
=1.45519064

Shu Yu Civilian Pharmacy's asset turnover of this year was 1.10448988. Shu Yu Civilian Pharmacy's asset turnover of last year was 1.45519064. ==> 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+1+0+0+0+0
=3

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

Shu Yu Civilian Pharmacy has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Shu Yu Civilian Pharmacy  (SZSE:301017) 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.


Shu Yu Civilian Pharmacy Piotroski F-Score Related Terms

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Shu Yu Civilian Pharmacy Business Description

Traded in Other Exchanges
N/A
Address
56 Shanda North Road, Licheng District, Shandong Province, Jinan, CHN, 250100
Shu Yu Civilian Pharmacy Corp Ltd is primarily involved in the operation and sales of Chinese and Western patent medicines, health foods, Chinese herbal medicines, health equipment and other products.

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