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HF Foods Group (HF Foods Group) Piotroski F-Score : 6 (As of May. 27, 2024)


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What is HF Foods Group 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

HF Foods Group 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 HF Foods Group's Piotroski F-Score or its related term are showing as below:

HFFG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of HF Foods Group was 8. The lowest was 3. And the median was 5.


HF Foods Group Piotroski F-Score Historical Data

The historical data trend for HF Foods Group'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.

HF Foods Group Piotroski F-Score Chart

HF Foods Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 5.00 5.00 6.00

HF Foods Group 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 5.00 3.00 4.00 6.00 6.00

Competitive Comparison of HF Foods Group's Piotroski F-Score

For the Food Distribution subindustry, HF Foods Group'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.


HF Foods Group's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, HF Foods Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where HF Foods Group'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 -0.85 + 1.884 + 2.725 + -0.694 = $3 Mil.
Cash Flow from Operations was -3.838 + 11.892 + -4.82 + 7.055 = $10 Mil.
Revenue was 292.312 + 281.453 + 280.873 + 295.654 = $1,150 Mil.
Gross Profit was 50.666 + 50.925 + 52.268 + 50.411 = $204 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(613.379 + 612.088 + 622.784 + 596.52 + 603.065) / 5 = $609.5672 Mil.
Total Assets at the begining of this year (Mar23) was $613 Mil.
Long-Term Debt & Capital Lease Obligation was $131 Mil.
Total Current Assets was $185 Mil.
Total Current Liabilities was $151 Mil.
Net Income was 4.564 + -3.864 + -3.354 + -5.933 = $-9 Mil.

Revenue was 299.642 + 300.711 + 291.899 + 293.855 = $1,186 Mil.
Gross Profit was 52.57 + 51.493 + 50.722 + 50.172 = $205 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(620.066 + 651.243 + 650.677 + 637.529 + 613.379) / 5 = $634.5788 Mil.
Total Assets at the begining of last year (Mar22) was $620 Mil.
Long-Term Debt & Capital Lease Obligation was $135 Mil.
Total Current Assets was $179 Mil.
Total Current Liabilities was $145 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.

HF Foods Group's current Net Income (TTM) was 3. ==> 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.

HF Foods Group's current Cash Flow from Operations (TTM) was 10. ==> 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)
=3.065/613.379
=0.00499691

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-8.587/620.066
=-0.01384853

HF Foods Group's return on assets of this year was 0.00499691. HF Foods Group's return on assets of last year was -0.01384853. ==> 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.

HF Foods Group's current Net Income (TTM) was 3. HF Foods Group's current Cash Flow from Operations (TTM) was 10. ==> 10 > 3 ==> 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
=130.513/609.5672
=0.21410765

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=135.416/634.5788
=0.21339509

HF Foods Group's gearing of this year was 0.21410765. HF Foods Group's gearing of last year was 0.21339509. ==> 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
=185.486/150.635
=1.23136057

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=179.369/145.292
=1.23454148

HF Foods Group's current ratio of this year was 1.23136057. HF Foods Group's current ratio of last year was 1.23454148. ==> 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.

HF Foods Group's number of shares in issue this year was 52.156. HF Foods Group's number of shares in issue last year was 53.823. ==> 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
=204.27/1150.292
=0.177581

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=204.957/1186.107
=0.17279807

HF Foods Group's gross margin of this year was 0.177581. HF Foods Group's gross margin of last year was 0.17279807. ==> 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)
=1150.292/613.379
=1.87533646

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1186.107/620.066
=1.91287218

HF Foods Group's asset turnover of this year was 1.87533646. HF Foods Group's asset turnover of last year was 1.91287218. ==> 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
=1+1+1+1+0+0+1+1+0
=6

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

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

HF Foods Group  (NAS:HFFG) 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.


HF Foods Group Piotroski F-Score Related Terms

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HF Foods Group (HF Foods Group) Business Description

Traded in Other Exchanges
N/A
Address
6325 South Rainbow Boulevard, Suite 420, Las Vegas, NV, USA, 89118
HF Foods Group Inc is an Asian food service distributor that markets and distributes fresh produce, seafood, frozen and dry food, and non-food products to Asian restaurants and other food service customers throughout the United States. The Company's business consists of one operating segment; HF Group, which operates solely in the United States. The Company's customer base consists of Chinese and Asian restaurants, and it provides sales and service support to customers who mainly converse in Mandarin or Chinese dialects.
Executives
Xiao Mou Zhang director, officer: Chief Executive Officer 6001 W. MARKET STREET, GREENSBORO NC 27409
Prudence H Chiang director 6325 S RAINBOW BLVD STE 420, LAS VEGAS NV 89118
Valerie Chase director SOUTH 6325 RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Xi Lin officer: Chief Operating Officer 6001 W. MARKET STREET, GREENSBORO NC 27409
Russell T. Libby director SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Christine Chang officer: See Remarks 19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748
Hong Wang director 5811 WILDROSE DRIVE, GREENSBORO NC 27410
Carlos Antonio Rodriguez officer: Chief Financial Officer 6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Jose Maroto director 6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Kong Hian Lee officer: Chief Financial Officer 19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748
Spot Light Investments, Llc 10 percent owner 6001 W. MARKET STREET, GREENSBORO NC 27409
Ren Hua Zheng director 2 DANDY DRIVE, COS COB CT 06807
Caixuan Xu officer: Chief Financial Officer 6001 W. MARKET ST, GREENSBORO NC 27409
Zhehui Ni director ROOM 1704, BUILDING #16, NO. 58 AOMEN ROAD, SHANGHAI F4 200061
Irrevocable Trust For Raymond Ni 10 percent owner 6001 WEST MARKET STREET, GREENSBORO NC 27409

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