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SSF Home Group Bhd (XKLS:0287) Piotroski F-Score : 7 (As of Mar. 29, 2025)


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What is SSF Home Group Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

SSF Home Group Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for SSF Home Group Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0287' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of SSF Home Group Bhd was 7. The lowest was 7. And the median was 7.


SSF Home Group Bhd Piotroski F-Score Historical Data

The historical data trend for SSF Home Group Bhd'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.

SSF Home Group Bhd Piotroski F-Score Chart

SSF Home Group Bhd Annual Data
Trend Apr20 Apr21 Apr22 Apr23 Apr24
Piotroski F-Score
N/A N/A N/A N/A N/A

SSF Home Group Bhd Quarterly Data
Apr20 Apr21 Apr22 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A 7.00

Competitive Comparison of SSF Home Group Bhd's Piotroski F-Score

For the Specialty Retail subindustry, SSF Home Group Bhd'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.


SSF Home Group Bhd's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SSF Home Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SSF Home Group Bhd'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 (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was 1.983 + 6.198 + 1.249 + -1.984 = RM7.4 Mil.
Cash Flow from Operations was -8.445 + 10.04 + 5.265 + 6.252 = RM13.1 Mil.
Revenue was 37.707 + 50.564 + 32.026 + 30.09 = RM150.4 Mil.
Gross Profit was 20.792 + 29.884 + 18.775 + 14.458 = RM83.9 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was
(188.835 + 180.484 + 192.121 + 189.276 + 189.975) / 5 = RM188.1382 Mil.
Total Assets at the begining of this year (Oct23) was RM188.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM14.8 Mil.
Total Current Assets was RM143.7 Mil.
Total Current Liabilities was RM14.9 Mil.
Net Income was 0 + 0 + 2.646 + -3.641 = RM-1.0 Mil.

Revenue was 0 + 0 + 39.305 + 31.323 = RM70.6 Mil.
Gross Profit was 0 + 0 + 21.448 + 16.748 = RM38.2 Mil.
Average Total Assets from the begining of last year (Apr21)
to the end of last year (Oct23) was
(143.483 + 149.893 + 148.882 + 0 + 188.835) / 5 = RM157.77325 Mil.
Total Assets at the begining of last year (Apr21) was RM143.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.3 Mil.
Total Current Assets was RM154.3 Mil.
Total Current Liabilities was RM24.2 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.

SSF Home Group Bhd's current Net Income (TTM) was 7.4. ==> 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.

SSF Home Group Bhd's current Cash Flow from Operations (TTM) was 13.1. ==> 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 (Oct23)
=7.446/188.835
=0.03943125

ROA (Last Year)=Net Income/Total Assets (Apr21)
=-0.995/143.483
=-0.00693462

SSF Home Group Bhd's return on assets of this year was 0.03943125. SSF Home Group Bhd's return on assets of last year was -0.00693462. ==> This year is higher. ==> Score 1.

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.

SSF Home Group Bhd's current Net Income (TTM) was 7.4. SSF Home Group Bhd's current Cash Flow from Operations (TTM) was 13.1. ==> 13.1 > 7.4 ==> 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 Oct23 to Oct24
=14.759/188.1382
=0.07844765

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr21 to Oct23
=3.306/157.77325
=0.02095412

SSF Home Group Bhd's gearing of this year was 0.07844765. SSF Home Group Bhd's gearing of last year was 0.02095412. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=143.665/14.888
=9.64971789

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=154.312/24.151
=6.38946627

SSF Home Group Bhd's current ratio of this year was 9.64971789. SSF Home Group Bhd's current ratio of last year was 6.38946627. ==> This year's current ratio is higher. ==> Score 1.

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.

SSF Home Group Bhd's number of shares in issue this year was 800. SSF Home Group Bhd's number of shares in issue last year was 643.478. ==> 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
=83.909/150.387
=0.55795381

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38.196/70.628
=0.54080535

SSF Home Group Bhd's gross margin of this year was 0.55795381. SSF Home Group Bhd's gross margin of last year was 0.54080535. ==> 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 (Oct23)
=150.387/188.835
=0.79639368

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr21)
=70.628/143.483
=0.4922395

SSF Home Group Bhd's asset turnover of this year was 0.79639368. SSF Home Group Bhd's asset turnover of last year was 0.4922395. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+1+1
=7

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

SSF Home Group Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

SSF Home Group Bhd  (XKLS:0287) 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.


SSF Home Group Bhd Piotroski F-Score Related Terms

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SSF Home Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
Hap Seng Business Park, Persiaran Perusahaan Kawasan Miel, Block 2-5, Shah Alam, SGR, MYS, 40300
SSF Home Group Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the retail of furniture, home decor and home living products via its retail channel (retail outlets) and online channel (e-commerce website).

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