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Next Technology Holding (Next Technology Holding) Piotroski F-Score : 5 (As of May. 12, 2024)


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What is Next Technology Holding 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

Next Technology Holding 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 Next Technology Holding's Piotroski F-Score or its related term are showing as below:

NXTT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Next Technology Holding was 5. The lowest was 3. And the median was 4.


Next Technology Holding Piotroski F-Score Historical Data

The historical data trend for Next Technology Holding'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.

Next Technology Holding Piotroski F-Score Chart

Next Technology Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 4.00 3.00 5.00

Next Technology Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.00 3.00 2.00 5.00 5.00

Competitive Comparison of Next Technology Holding's Piotroski F-Score

For the Software - Application subindustry, Next Technology Holding'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.


Next Technology Holding's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Next Technology Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Next Technology Holding'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -2.225 + 0.026 + -14.1 + 11.118 = $-5.18 Mil.
Cash Flow from Operations was -0.553 + 5.792 + 3.644 + -0.755 = $8.13 Mil.
Revenue was 0.614 + 0 + 1.634 + 0.999 = $3.25 Mil.
Gross Profit was -0.296 + -0.095 + 1.235 + 0.2 = $1.04 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(47.017 + 43.2 + 42.421 + 41.876 + 54.939) / 5 = $45.8906 Mil.
Total Assets at the begining of this year (Dec22) was $47.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $54.94 Mil.
Total Current Liabilities was $4.04 Mil.
Net Income was -0.744 + -0.62 + -8.657 + -0.621 = $-10.64 Mil.

Revenue was 2.139 + 1.451 + 0 + 0 = $3.59 Mil.
Gross Profit was 1.466 + 1.356 + 0 + 0 = $2.82 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(19.471 + 20.064 + 18.861 + 46.094 + 47.017) / 5 = $30.3014 Mil.
Total Assets at the begining of last year (Dec21) was $19.47 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $47.02 Mil.
Total Current Liabilities was $4.82 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.

Next Technology Holding's current Net Income (TTM) was -5.18. ==> 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.

Next Technology Holding's current Cash Flow from Operations (TTM) was 8.13. ==> 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 (Dec22)
=-5.181/47.017
=-0.11019419

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-10.642/19.471
=-0.54655642

Next Technology Holding's return on assets of this year was -0.11019419. Next Technology Holding's return on assets of last year was -0.54655642. ==> 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.

Next Technology Holding's current Net Income (TTM) was -5.18. Next Technology Holding's current Cash Flow from Operations (TTM) was 8.13. ==> 8.13 > -5.18 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/45.8906
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/30.3014
=0

Next Technology Holding's gearing of this year was 0. Next Technology Holding'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: Dec23)=Total Current Assets/Total Current Liabilities
=54.939/4.038
=13.60549777

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=47.017/4.816
=9.76266611

Next Technology Holding's current ratio of this year was 13.60549777. Next Technology Holding's current ratio of last year was 9.76266611. ==> 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.

Next Technology Holding's number of shares in issue this year was 2.625. Next Technology Holding's number of shares in issue last year was 1.048. ==> 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
=1.044/3.247
=0.32152756

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.822/3.59
=0.78607242

Next Technology Holding's gross margin of this year was 0.32152756. Next Technology Holding's gross margin of last year was 0.78607242. ==> 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 (Dec22)
=3.247/47.017
=0.06906013

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=3.59/19.471
=0.18437677

Next Technology Holding's asset turnover of this year was 0.06906013. Next Technology Holding's asset turnover of last year was 0.18437677. ==> 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+1+1+1+1+1+0+0+0
=5

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

Next Technology Holding has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Next Technology Holding  (NAS:NXTT) 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.


Next Technology Holding Piotroski F-Score Related Terms

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Next Technology Holding (Next Technology Holding) Business Description

Traded in Other Exchanges
N/A
Address
No. 18, Kechuang 10th Street, Room 101, Level 1 Building 8, Beijing Economic and Technological, Development Zone, Beijing, CHN, 100020
WeTrade Group Inc is engaged in providing technical services and solutions via its membership-based social e-commerce platform and chatGPT technical services. The company provides technology services to both individual and corporate users. It offers an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the YCloud. The company also serves tourism, hospitality, livestreaming and short video, medical beauty, and traditional retail industries.
Executives
Biming Guo director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, BEIJING F4 100020
Kean Tat Che director, officer: CFO and Executive Director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Yuxing Ye director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Donghui Wang director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Ning Qin director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Pijun Liu director, 10 percent owner, officer: CEO and Executive Director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zhuo Li director, officer: COO and Executive Director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Daxue Li director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Zheng Dai director, 10 percent owner, officer: Chairman and Exec. Director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000
Hung Fai Choi director NO 1 GAOBEI SOUTH COAST, YI AN MEN 111 BLOCK 37, CHAO YANG DIST., BEIJING CITY F4 00000

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