Hangzhou Huaguang Advanced Welding Materials Co., Ltd. / Financial strength (Piotroski F-Value) /
The F-Value, developed by Stanford accounting professor Joseph Piotroski, measures a company's financial strength based on nine distinct criteria. Piotroski suggest using the value as part of a value investing strategy to rank stocks with a low price-to-book ratio. The approach is described in detail in Piotroski's 2002 Paper Value Investing: The Use of Historical Financial Statement Information to Separate Winners From Losers.
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- Financial strength (Piotroski F-Value)
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- Return on assets (ROA) greater than 0
- check 2.6%
- Operating cash flow greater than 0
- close -$20.03M
- ROA greater than previous year
- check 2.6% > 1.7%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- close -8.0% ≤ 2.6%
- Leverage ratio lower than previous year
- check 8.6% < 10.2%
- Current ratio greater than previous year
- close 168.1% ≤ 203.3%
- No new common stock issued last year
- check -$237.66K
- Gross margin greater than previous year
- check 13.8% > 11.8%
- Asset turnover greater than previous year
- check 75.2% > 72.2%
F-Value history
The F-Value is calculated for each quarter based on the cumulation of the previous four quarterly statements. Click on the chart to see the F-Value at a specific time in the past.
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