GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Soho Holly Corp (SHSE:600128) » Definitions » Piotroski F-Score

Soho Holly (SHSE:600128) Piotroski F-Score : 6 (As of May. 25, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Soho Holly 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

Soho Holly has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SHSE:600128' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Soho Holly was 8. The lowest was 1. And the median was 5.


Soho Holly Piotroski F-Score Historical Data

The historical data trend for Soho Holly'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.

Soho Holly Piotroski F-Score Chart

Soho Holly 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 7.00 5.00 3.00 5.00 6.00

Soho Holly Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.00 3.00 5.00 6.00 6.00

Competitive Comparison of Soho Holly's Piotroski F-Score

For the Specialty Retail subindustry, Soho Holly'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.


Soho Holly's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Soho Holly's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Soho Holly'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 8.061 + 7.401 + 11.513 + 3.037 = ¥30 Mil.
Cash Flow from Operations was -21.833 + 72.556 + 318.998 + -97.459 = ¥272 Mil.
Revenue was 1446.818 + 1719.316 + 2431.052 + 1673.162 = ¥7,270 Mil.
Gross Profit was 82.687 + 86.748 + 134.793 + 77.429 = ¥382 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(5350.766 + 5299.335 + 5488.744 + 5926.39 + 6004.483) / 5 = ¥5613.9436 Mil.
Total Assets at the begining of this year (Mar23) was ¥5,351 Mil.
Long-Term Debt & Capital Lease Obligation was ¥59 Mil.
Total Current Assets was ¥3,442 Mil.
Total Current Liabilities was ¥2,887 Mil.
Net Income was 15.268 + 3.709 + 15.575 + 5.661 = ¥40 Mil.

Revenue was 1537.905 + 1548.287 + 1887.842 + 1122.344 = ¥6,096 Mil.
Gross Profit was 75.61 + 84.539 + 103.317 + 52.155 = ¥316 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(4908.53 + 4960.541 + 5027.261 + 5350.996 + 5350.766) / 5 = ¥5119.6188 Mil.
Total Assets at the begining of last year (Mar22) was ¥4,909 Mil.
Long-Term Debt & Capital Lease Obligation was ¥22 Mil.
Total Current Assets was ¥2,831 Mil.
Total Current Liabilities was ¥2,302 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.

Soho Holly's current Net Income (TTM) was 30. ==> 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.

Soho Holly's current Cash Flow from Operations (TTM) was 272. ==> 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 (Mar23)
=30.012/5350.766
=0.00560892

ROA (Last Year)=Net Income/Total Assets (Mar22)
=40.213/4908.53
=0.00819247

Soho Holly's return on assets of this year was 0.00560892. Soho Holly's return on assets of last year was 0.00819247. ==> 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.

Soho Holly's current Net Income (TTM) was 30. Soho Holly's current Cash Flow from Operations (TTM) was 272. ==> 272 > 30 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=59.294/5613.9436
=0.01056192

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=22.258/5119.6188
=0.00434759

Soho Holly's gearing of this year was 0.01056192. Soho Holly's gearing of last year was 0.00434759. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=3442.337/2887.37
=1.19220502

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2830.739/2302.064
=1.22965261

Soho Holly's current ratio of this year was 1.19220502. Soho Holly's current ratio of last year was 1.22965261. ==> 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.

Soho Holly's number of shares in issue this year was 246.939. Soho Holly's number of shares in issue last year was 247.191. ==> 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
=381.657/7270.348
=0.05249501

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=315.621/6096.378
=0.05177189

Soho Holly's gross margin of this year was 0.05249501. Soho Holly's gross margin of last year was 0.05177189. ==> 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 (Mar23)
=7270.348/5350.766
=1.35874901

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=6096.378/4908.53
=1.24199669

Soho Holly's asset turnover of this year was 1.35874901. Soho Holly's asset turnover of last year was 1.24199669. ==> 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+0+1+0+0+1+1+1
=6

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

Soho Holly has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Soho Holly  (SHSE:600128) 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.


Soho Holly Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Soho Holly's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Soho Holly (SHSE:600128) Business Description

Traded in Other Exchanges
N/A
Address
No. 50 Zhonghua Road, Hongye Building, Nanjing, Jiangsu, CHN, 210001
Jiangsu Holly Corp is engaged in the trade and export clothing, toys, fishing gear, shoes and hats, medical equipment, chemicals, building materials, household goods, and resources and energy.
Executives
Gu Ming Rong senior management
Ge Meng Director
Zhang Fa Song senior management
Liu Sui Zhi Director
Qian Jing Qi Director
Wu Ting Chang Director
Pu Xue Nian Supervisors

Soho Holly (SHSE:600128) Headlines

No Headlines