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Sunjuice Holdings Co (TPE:1256) Piotroski F-Score : 5 (As of Dec. 11, 2024)


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What is Sunjuice Holdings 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

Sunjuice Holdings 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 Sunjuice Holdings Co's Piotroski F-Score or its related term are showing as below:

TPE:1256' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Sunjuice Holdings Co was 9. The lowest was 3. And the median was 6.


Sunjuice Holdings Co Piotroski F-Score Historical Data

The historical data trend for Sunjuice Holdings 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.

Sunjuice Holdings Co Piotroski F-Score Chart

Sunjuice Holdings Co 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 8.00 6.00 3.00 8.00

Sunjuice Holdings 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 7.00 8.00 7.00 5.00 5.00

Competitive Comparison of Sunjuice Holdings Co's Piotroski F-Score

For the Beverages - Non-Alcoholic subindustry, Sunjuice Holdings 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.


Sunjuice Holdings Co's Piotroski F-Score Distribution in the Beverages - Non-Alcoholic Industry

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

* The bar in red indicates where Sunjuice Holdings 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 -12.04 + 45.342 + 92.081 + 140.438 = NT$266 Mil.
Cash Flow from Operations was 181.466 + 16.197 + 221.1 + 161.017 = NT$580 Mil.
Revenue was 727.148 + 869.956 + 1196.181 + 1302.465 = NT$4,096 Mil.
Gross Profit was 152.719 + 211.812 + 302.573 + 360.745 = NT$1,028 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(5172.409 + 4906.17 + 4939.605 + 4338.427 + 4503.393) / 5 = NT$4772.0008 Mil.
Total Assets at the begining of this year (Sep23) was NT$5,172 Mil.
Long-Term Debt & Capital Lease Obligation was NT$5 Mil.
Total Current Assets was NT$2,038 Mil.
Total Current Liabilities was NT$979 Mil.
Net Income was 67.049 + 45.443 + 206.247 + 180.265 = NT$499 Mil.

Revenue was 664.078 + 825.284 + 1502.872 + 1576.662 = NT$4,569 Mil.
Gross Profit was 181.572 + 224.916 + 450.991 + 474.535 = NT$1,332 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(4893.345 + 4673.081 + 4841.466 + 5091.576 + 5172.409) / 5 = NT$4934.3754 Mil.
Total Assets at the begining of last year (Sep22) was NT$4,893 Mil.
Long-Term Debt & Capital Lease Obligation was NT$9 Mil.
Total Current Assets was NT$2,869 Mil.
Total Current Liabilities was NT$708 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.

Sunjuice Holdings Co's current Net Income (TTM) was 266. ==> 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.

Sunjuice Holdings Co's current Cash Flow from Operations (TTM) was 580. ==> 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)
=265.821/5172.409
=0.05139211

ROA (Last Year)=Net Income/Total Assets (Sep22)
=499.004/4893.345
=0.10197605

Sunjuice Holdings Co's return on assets of this year was 0.05139211. Sunjuice Holdings Co's return on assets of last year was 0.10197605. ==> 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.

Sunjuice Holdings Co's current Net Income (TTM) was 266. Sunjuice Holdings Co's current Cash Flow from Operations (TTM) was 580. ==> 580 > 266 ==> 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
=4.894/4772.0008
=0.00102557

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=9.192/4934.3754
=0.00186285

Sunjuice Holdings Co's gearing of this year was 0.00102557. Sunjuice Holdings Co's gearing of last year was 0.00186285. ==> 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
=2038.08/978.66
=2.082521

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2868.997/708.152
=4.05138586

Sunjuice Holdings Co's current ratio of this year was 2.082521. Sunjuice Holdings Co's current ratio of last year was 4.05138586. ==> 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.

Sunjuice Holdings Co's number of shares in issue this year was 33.84. Sunjuice Holdings Co's number of shares in issue last year was 33.884. ==> 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
=1027.849/4095.75
=0.25095501

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1332.014/4568.896
=0.29153958

Sunjuice Holdings Co's gross margin of this year was 0.25095501. Sunjuice Holdings Co's gross margin of last year was 0.29153958. ==> 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)
=4095.75/5172.409
=0.79184573

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=4568.896/4893.345
=0.93369587

Sunjuice Holdings Co's asset turnover of this year was 0.79184573. Sunjuice Holdings Co's asset turnover of last year was 0.93369587. ==> 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+0+0
=5

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

Sunjuice Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Sunjuice Holdings Co  (TPE:1256) 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.


Sunjuice Holdings Co Piotroski F-Score Related Terms

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Sunjuice Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
North Sound Road, Suite 102, Cannon Place, P.O.Box 712, Grand Cayman, CYM, KY1-9006
Sunjuice Holdings Co Ltd is a supplier of natural and healthy beverage ingredients. It produces fruit and vegetable juice, concentrated fruit juice, fruit jam, Q fruit products, Baking jam, fruit powder, and other products. Geographically, it operates in China.

Sunjuice Holdings Co Headlines

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