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Questcorp Mining (XCNQ:QQQ) Piotroski F-Score : 2 (As of Mar. 15, 2025)


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What is Questcorp Mining Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 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

Questcorp Mining has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

XCNQ:QQQ' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 2   Max: 2
Current: 2

During the past 4 years, the highest Piotroski F-Score of Questcorp Mining was 2. The lowest was 2. And the median was 2.


Questcorp Mining Piotroski F-Score Historical Data

The historical data trend for Questcorp Mining'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.

Questcorp Mining Piotroski F-Score Chart

Questcorp Mining Annual Data
Trend Jul21 Jul22 Jul23 Jul24
Piotroski F-Score
N/A N/A N/A N/A

Questcorp Mining Quarterly Data
Jul21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Jul24 Oct24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A 2.00

Competitive Comparison of Questcorp Mining's Piotroski F-Score

For the Copper subindustry, Questcorp Mining'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.


Questcorp Mining's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Questcorp Mining's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Questcorp Mining'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 (Oct24) TTM:Last Year (Jul23) TTM:
Net Income was -0.056 + -0.141 + 0 + -0.203 = C$-0.40 Mil.
Cash Flow from Operations was -0.028 + -0.253 + 0 + -0.103 = C$-0.38 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = C$0.00 Mil.
Average Total Assets from the begining of this year (Jul23)
to the end of this year (Oct24) was
(0.23 + 0.205 + 0.488 + 0.526 + 0.377) / 5 = C$0.3652 Mil.
Total Assets at the begining of this year (Jul23) was C$0.23 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$0.07 Mil.
Total Current Liabilities was C$0.18 Mil.
Net Income was 0 + -0.033 + -0.045 + -0.109 = C$-0.19 Mil.

Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = C$0.00 Mil.
Average Total Assets from the begining of last year (Jul22)
to the end of last year (Jul23) was
(0.15 + 0 + 0.342 + 0.264 + 0.23) / 5 = C$0.2465 Mil.
Total Assets at the begining of last year (Jul22) was C$0.15 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$0.10 Mil.
Total Current Liabilities was C$0.07 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.

Questcorp Mining's current Net Income (TTM) was -0.40. ==> 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.

Questcorp Mining's current Cash Flow from Operations (TTM) was -0.38. ==> Negative ==> Score 0.

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 (Jul23)
=-0.4/0.23
=-1.73913043

ROA (Last Year)=Net Income/Total Assets (Jul22)
=-0.187/0.15
=-1.24666667

Questcorp Mining's return on assets of this year was -1.73913043. Questcorp Mining's return on assets of last year was -1.24666667. ==> 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.

Questcorp Mining's current Net Income (TTM) was -0.40. Questcorp Mining's current Cash Flow from Operations (TTM) was -0.38. ==> -0.38 > -0.40 ==> 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: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Oct24
=0/0.3652
=0

Gearing (Last Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=0/0.2465
=0

Questcorp Mining's gearing of this year was 0. Questcorp Mining's gearing of last year was 0. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=0.071/0.177
=0.40112994

Current Ratio (Last Year: Jul23)=Total Current Assets/Total Current Liabilities
=0.097/0.074
=1.31081081

Questcorp Mining's current ratio of this year was 0.40112994. Questcorp Mining's current ratio of last year was 1.31081081. ==> 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.

Questcorp Mining's number of shares in issue this year was 15. Questcorp Mining's number of shares in issue last year was 10. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Questcorp Mining's gross margin of this year was . Questcorp Mining's gross margin of last year was . ==> 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 (Jul23)
=0/0.23
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul22)
=0/0.15
=0

Questcorp Mining's asset turnover of this year was 0. Questcorp Mining's asset turnover of last year was 0. ==> 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+0+0+1+1+0+0+0+0
=2

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

Questcorp Mining has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Questcorp Mining  (XCNQ:QQQ) 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.


Questcorp Mining Piotroski F-Score Related Terms

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Questcorp Mining Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6
Questcorp Mining Inc is in the exploration stage. The Company operates in one reportable operating segment, being the acquisition and development of exploration and evaluation assets in Canada. The principal product under its exploration is copper, and it is engaged in exploration and evaluation of the North Island Copper Property.