* 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.
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Genertec Universal Medical Group Co Piotroski F-Score Chart
Competitive Comparison of Genertec Universal Medical Group Co's Piotroski F-Score
For the Credit Services subindustry, Genertec Universal Medical Group 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.
Genertec Universal Medical Group Co's Piotroski F-Score Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Genertec Universal Medical Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Genertec Universal Medical Group 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.
*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.
Genertec Universal Medical Group Co's current Net Income (TTM) was 2,308.
==> 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.
Genertec Universal Medical Group Co's current Cash Flow from Operations (TTM) was 5,462.
==> 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.
Genertec Universal Medical Group Co's return on assets of this year was 0.02685093. Genertec Universal Medical Group Co's return on assets of last year was 0.02557027.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Genertec Universal Medical Group Co's gearing of this year was 0.35996729. Genertec Universal Medical Group Co's gearing of last year was 0.38348985.
==> 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
Genertec Universal Medical Group Co's current ratio of this year was 1.02067387. Genertec Universal Medical Group Co's current ratio of last year was 1.06417724.
==> 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.
Genertec Universal Medical Group Co's number of shares in issue this year was 2082.889. Genertec Universal Medical Group Co's number of shares in issue last year was 2077.1.
==> 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.
Genertec Universal Medical Group Co's gross margin of this year was 0.33492975. Genertec Universal Medical Group Co's gross margin of last year was 0.37225459.
==> 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
Genertec Universal Medical Group Co's asset turnover of this year was 0.17367874. Genertec Universal Medical Group Co's asset turnover of last year was 0.15752173.
==> 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
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Que. 7
+
Que. 8
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Que. 9
=
1
+
1
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1
+
1
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1
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0
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0
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0
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1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Genertec Universal Medical Group Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Genertec Universal Medical Group Co (HKSE:02666) 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.
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.
Genertec Universal Medical Group Co Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Genertec Universal Medical Group Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Genertec Universal Medical Group Co (HKSE:02666) Business Description
Genertec Universal Medical Group Co Ltd is principally engaged in providing financing to its customers under finance lease arrangements, the provision of advisory services, the sale of medical equipment as well as leases under operating lease arrangements, and the provision of other services. The Group has two business segments; The finance business comprises direct finance leasing, sale-and-leaseback, factoring, operating leases, and advisory services, and The hospital group business comprises medical services, hospital, and healthcare management, import and export trade, and domestic trade of medical-related goods and life cycle management of equipment assets. Geographically, it derives a majority of its revenue from Mainland China.
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