Shaanxi Heimao Coking 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.
- Financial strength (Piotroski F-Value)
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- Return on assets (ROA) greater than 0
- close -6.0%
- Operating cash flow greater than 0
- check $33.15M
- ROA greater than previous year
- close -6.0% ≤ -4.2%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- check 1.4% > -6.0%
- Leverage ratio lower than previous year
- check 6.9% < 12.0%
- Current ratio greater than previous year
- close 27.2% ≤ 40.8%
- No new common stock issued last year
- check $0.00
- Gross margin greater than previous year
- close -3.6% ≤ 0.0%
- Asset turnover greater than previous year
- close 61.2% ≤ 80.8%
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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