GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Piotroski F-Score

Quality Online Education Group (Quality Online Education Group) Piotroski F-Score : N/A (As of May. 13, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Quality Online Education 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

Quality Online Education Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Quality Online Education Group's Piotroski F-Score or its related term are showing as below:

During the past 10 years, the highest Piotroski F-Score of Quality Online Education Group was 4. The lowest was 4. And the median was 4.


Quality Online Education Group Piotroski F-Score Historical Data

The historical data trend for Quality Online Education 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.

Quality Online Education Group Piotroski F-Score Chart

Quality Online Education Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Aug13 Aug14 Aug21 Aug22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A 4.00

Quality Online Education Group Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
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 N/A 4.00 N/A N/A N/A

Competitive Comparison of Quality Online Education Group's Piotroski F-Score

For the Education & Training Services subindustry, Quality Online Education 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.


Quality Online Education Group's Piotroski F-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Quality Online Education 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 (May23) TTM:Last Year (May22) TTM:
Net Income was -0.292 + -0.716 + -0.904 + -2.613 = $-4.53 Mil.
Cash Flow from Operations was -3.259 + -0.22 + 0.508 + -0.019 = $-2.99 Mil.
Revenue was 0.638 + 0.654 + 0.813 + 1.29 = $3.40 Mil.
Gross Profit was 0.394 + 0.449 + 0.415 + 0.751 = $2.01 Mil.
Average Total Assets from the begining of this year (May22)
to the end of this year (May23) was
(0 + 0.984 + 0.889 + 1.783 + 1.982) / 5 = $1.4095 Mil.
Total Assets at the begining of this year (May22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.25 Mil.
Total Current Liabilities was $5.28 Mil.
Net Income was 0 + -1.802 + -1.202 + -0.494 = $-3.50 Mil.

Revenue was 0 + 0.213 + 0.317 + 0.51 = $1.04 Mil.
Gross Profit was 0 + 0.111 + 0.167 + 0.289 = $0.57 Mil.
Average Total Assets from the begining of last year (Feb15)
to the end of last year (May22) was
(0 + 1.27 + 0 + 0 + 0) / 5 = $1.27 Mil.
Total Assets at the begining of last year (Feb15) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.00 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.

Quality Online Education Group's current Net Income (TTM) was -4.53. ==> 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.

Quality Online Education Group's current Cash Flow from Operations (TTM) was -2.99. ==> 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 (May22)
=-4.525/0
=

ROA (Last Year)=Net Income/Total Assets (Feb15)
=-3.498/0
=

Quality Online Education Group's return on assets of this year was . Quality Online Education Group's return on assets of last year was . ==> 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.

Quality Online Education Group's current Net Income (TTM) was -4.53. Quality Online Education Group's current Cash Flow from Operations (TTM) was -2.99. ==> -2.99 > -4.53 ==> 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: May23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May22 to May23
=0/1.4095
=0

Gearing (Last Year: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb15 to May22
=0/1.27
=0

Quality Online Education Group's gearing of this year was 0. Quality Online Education Group's gearing of last year was 0. ==> 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: May23)=Total Current Assets/Total Current Liabilities
=0.253/5.282
=0.04789852

Current Ratio (Last Year: May22)=Total Current Assets/Total Current Liabilities
=0/0
=

Quality Online Education Group's current ratio of this year was 0.04789852. Quality Online Education Group's current ratio of last year was . ==> 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.

Quality Online Education Group's number of shares in issue this year was 1855.065. Quality Online Education Group's number of shares in issue last year was 1749.904. ==> 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
=2.009/3.395
=0.59175258

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.567/1.04
=0.54519231

Quality Online Education Group's gross margin of this year was 0.59175258. Quality Online Education Group's gross margin of last year was 0.54519231. ==> 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 (May22)
=3.395/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb15)
=1.04/0
=

Quality Online Education Group's asset turnover of this year was . Quality Online Education Group's asset turnover of last year was . ==> 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
=0+0+0+1+1+1+0+1+0
=4

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

Quality Online Education Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Quality Online Education Group  (OTCPK:QOEG) 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.


Quality Online Education Group Piotroski F-Score Related Terms

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


Quality Online Education Group (Quality Online Education Group) Business Description

Traded in Other Exchanges
N/A
Address
55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9
Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.
Executives
Amanda Anderson director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek director 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso director, officer: Chief Operating Officer UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li director, officer: Chairman, CEO, CFO and Sec. UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR

Quality Online Education Group (Quality Online Education Group) Headlines