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Aurora Mobile (Aurora Mobile) Piotroski F-Score : 6 (As of May. 20, 2024)


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What is Aurora Mobile 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

Aurora Mobile 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 Aurora Mobile's Piotroski F-Score or its related term are showing as below:

JG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 6

During the past 8 years, the highest Piotroski F-Score of Aurora Mobile was 6. The lowest was 3. And the median was 4.


Aurora Mobile Piotroski F-Score Historical Data

The historical data trend for Aurora Mobile'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.

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Aurora Mobile Piotroski F-Score Chart

Aurora Mobile Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 4.00 3.00 6.00

Aurora Mobile Quarterly Data
Mar19 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 Premium Member Only 3.00 2.00 - - 6.00

Competitive Comparison of Aurora Mobile's Piotroski F-Score

For the Software - Infrastructure subindustry, Aurora Mobile'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.


Aurora Mobile's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where Aurora Mobile'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 $-8.70 Mil.
Cash Flow from Operations was $-2.51 Mil.
Revenue was $40.65 Mil.
Gross Profit was $27.91 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (62.124 + 49.044) / 2 = $55.584 Mil.
Total Assets at the begining of this year (Dec22) was $62.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.09 Mil.
Total Current Assets was $23.75 Mil.
Total Current Liabilities was $33.79 Mil.
Net Income was $-15.34 Mil.

Revenue was $47.17 Mil.
Gross Profit was $32.38 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (93.501 + 62.124) / 2 = $77.8125 Mil.
Total Assets at the begining of last year (Dec21) was $93.50 Mil.
Long-Term Debt & Capital Lease Obligation was $1.00 Mil.
Total Current Assets was $25.34 Mil.
Total Current Liabilities was $36.64 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.

Aurora Mobile's current Net Income (TTM) was -8.70. ==> 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.

Aurora Mobile's current Cash Flow from Operations (TTM) was -2.51. ==> Negative ==> Score 0.

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)
=-8.697/62.124
=-0.13999421

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-15.343/93.501
=-0.1640945

Aurora Mobile's return on assets of this year was -0.13999421. Aurora Mobile's return on assets of last year was -0.1640945. ==> 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.

Aurora Mobile's current Net Income (TTM) was -8.70. Aurora Mobile's current Cash Flow from Operations (TTM) was -2.51. ==> -2.51 > -8.70 ==> 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
=0.088/55.584
=0.00158319

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0.998/77.8125
=0.0128257

Aurora Mobile's gearing of this year was 0.00158319. Aurora Mobile's gearing of last year was 0.0128257. ==> 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
=23.749/33.792
=0.70279948

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=25.337/36.639
=0.69153088

Aurora Mobile's current ratio of this year was 0.70279948. Aurora Mobile's current ratio of last year was 0.69153088. ==> 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.

Aurora Mobile's number of shares in issue this year was 5.977. Aurora Mobile's number of shares in issue last year was 5.947. ==> 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
=27.91/40.648
=0.68662665

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32.383/47.165
=0.68658963

Aurora Mobile's gross margin of this year was 0.68662665. Aurora Mobile's gross margin of last year was 0.68658963. ==> 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 (Dec22)
=40.648/62.124
=0.65430429

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=47.165/93.501
=0.50443311

Aurora Mobile's asset turnover of this year was 0.65430429. Aurora Mobile's asset turnover of last year was 0.50443311. ==> 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
=0+0+1+1+1+1+0+1+1
=6

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

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

Aurora Mobile  (NAS:JG) 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.


Aurora Mobile Piotroski F-Score Related Terms

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Aurora Mobile (Aurora Mobile) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Keji South 12th Road, 14th Floor, China Certification and Inspection Building, Nanshan District, Guangdong, Shenzhen, CHN, 518057
Aurora Mobile Ltd provides stable, and accurate developer services for educational and medical products. It is focused on providing companies with stable and efficient push notification services. It offers data services such as iAPP which helps the investors to analyze opportunities in the sector, Anti-fraud helps to identify fraud risks, iAudience, iZone and other related services. The company operates and generates its revenue from the People's Republic of China.