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Greatwall Ent (TPE:1210) Piotroski F-Score : 6 (As of Apr. 28, 2025)


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What is Greatwall Ent 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

Greatwall Ent has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TPE:1210' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Greatwall Ent was 8. The lowest was 4. And the median was 7.


Greatwall Ent Piotroski F-Score Historical Data

The historical data trend for Greatwall Ent'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.

Greatwall Ent Piotroski F-Score Chart

Greatwall Ent 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 7.00 6.00 5.00 7.00 6.00

Greatwall Ent 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 7.00 6.00 6.00 6.00 6.00

Competitive Comparison of Greatwall Ent's Piotroski F-Score

For the Packaged Foods subindustry, Greatwall Ent'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.


Greatwall Ent's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Greatwall Ent's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Greatwall Ent'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 845.999 + 785.948 + 841.799 + 1055.643 = NT$3,529 Mil.
Cash Flow from Operations was 859.641 + 1465.782 + 2890.955 + 2697.132 = NT$7,914 Mil.
Revenue was 25249.608 + 24994.943 + 25858.166 + 26646.346 = NT$102,749 Mil.
Gross Profit was 3596.021 + 3570.815 + 3705.402 + 3927.828 = NT$14,800 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(64827.616 + 65598.843 + 66272.471 + 67765.928 + 70755.17) / 5 = NT$67044.0056 Mil.
Total Assets at the begining of this year (Dec23) was NT$64,828 Mil.
Long-Term Debt & Capital Lease Obligation was NT$3,728 Mil.
Total Current Assets was NT$31,296 Mil.
Total Current Liabilities was NT$32,027 Mil.
Net Income was 761.814 + 1074.873 + 1278.879 + 953.638 = NT$4,069 Mil.

Revenue was 27073.084 + 27597.963 + 28338.364 + 28099.518 = NT$111,109 Mil.
Gross Profit was 3213.037 + 3750.734 + 3988.038 + 4008.918 = NT$14,961 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(62341.521 + 60727.809 + 61733.755 + 64737.396 + 64827.616) / 5 = NT$62873.6194 Mil.
Total Assets at the begining of last year (Dec22) was NT$62,342 Mil.
Long-Term Debt & Capital Lease Obligation was NT$3,979 Mil.
Total Current Assets was NT$28,953 Mil.
Total Current Liabilities was NT$28,609 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.

Greatwall Ent's current Net Income (TTM) was 3,529. ==> 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.

Greatwall Ent's current Cash Flow from Operations (TTM) was 7,914. ==> 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)
=3529.389/64827.616
=0.05444268

ROA (Last Year)=Net Income/Total Assets (Dec22)
=4069.204/62341.521
=0.06527277

Greatwall Ent's return on assets of this year was 0.05444268. Greatwall Ent's return on assets of last year was 0.06527277. ==> 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.

Greatwall Ent's current Net Income (TTM) was 3,529. Greatwall Ent's current Cash Flow from Operations (TTM) was 7,914. ==> 7,914 > 3,529 ==> 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
=3728.198/67044.0056
=0.05560822

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3979.243/62873.6194
=0.06328955

Greatwall Ent's gearing of this year was 0.05560822. Greatwall Ent's gearing of last year was 0.06328955. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=31296.031/32027.413
=0.97716388

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=28952.571/28608.887
=1.01201319

Greatwall Ent's current ratio of this year was 0.97716388. Greatwall Ent's current ratio of last year was 1.01201319. ==> 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.

Greatwall Ent's number of shares in issue this year was 839.452. Greatwall Ent's number of shares in issue last year was 847.686. ==> 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
=14800.066/102749.063
=0.14404089

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14960.727/111108.929
=0.13464919

Greatwall Ent's gross margin of this year was 0.14404089. Greatwall Ent's gross margin of last year was 0.13464919. ==> 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)
=102749.063/64827.616
=1.58495822

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=111108.929/62341.521
=1.78226208

Greatwall Ent's asset turnover of this year was 1.58495822. Greatwall Ent's asset turnover of last year was 1.78226208. ==> 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+0+1+1+0
=6

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

Greatwall Ent has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Greatwall Ent  (TPE:1210) 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.


Greatwall Ent Piotroski F-Score Related Terms

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Greatwall Ent Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Niao-Song 2nd street, Yongkang District, Tainan, TWN, 71042
Greatwall Ent focuses on food, restaurant, and livestock businesses in China. The company's segment includes Grain; Meat; Food; Catering and shopping malls; Southeast Asia; East Asia and others. It generates maximum revenue from the Grain segment. Grain Segment includes vertically integrated production and sales of feed, flour, fermented soybean meal, pork, and laying hens.

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