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Nanjing Xinjiekou Department Store Co (SHSE:600682) Piotroski F-Score : 7 (As of May. 14, 2024)


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What is Nanjing Xinjiekou Department Store Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Nanjing Xinjiekou Department Store Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Nanjing Xinjiekou Department Store Co's Piotroski F-Score or its related term are showing as below:

SHSE:600682' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Nanjing Xinjiekou Department Store Co was 8. The lowest was 3. And the median was 6.


Nanjing Xinjiekou Department Store Co Piotroski F-Score Historical Data

The historical data trend for Nanjing Xinjiekou Department Store Co'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.

Nanjing Xinjiekou Department Store Co Piotroski F-Score Chart

Nanjing Xinjiekou Department Store Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 6.00

Nanjing Xinjiekou Department Store Co 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 3.00 7.00 5.00 6.00 7.00

Competitive Comparison of Nanjing Xinjiekou Department Store Co's Piotroski F-Score

For the Department Stores subindustry, Nanjing Xinjiekou Department Store Co'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.


Nanjing Xinjiekou Department Store Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nanjing Xinjiekou Department Store Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nanjing Xinjiekou Department Store Co'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 141.583 + 76.111 + 28.975 + 129.782 = ¥376 Mil.
Cash Flow from Operations was 187.753 + 144.256 + 391.755 + 74.517 = ¥798 Mil.
Revenue was 1642.439 + 1518.624 + 1813.246 + 1580.283 = ¥6,555 Mil.
Gross Profit was 732.244 + 651.033 + 890.723 + 698.771 = ¥2,973 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(25420.629 + 25919.815 + 25840.412 + 25719.533 + 25993.671) / 5 = ¥25778.812 Mil.
Total Assets at the begining of this year (Mar23) was ¥25,421 Mil.
Long-Term Debt & Capital Lease Obligation was ¥518 Mil.
Total Current Assets was ¥8,864 Mil.
Total Current Liabilities was ¥6,086 Mil.
Net Income was 184.351 + 217.846 + 109.42 + 180.149 = ¥692 Mil.

Revenue was 1490.086 + 1648.366 + 1767.336 + 1595.561 = ¥6,501 Mil.
Gross Profit was 723.996 + 828.359 + 841.854 + 758.906 = ¥3,153 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(25420.105 + 24373.858 + 25094.846 + 25215.975 + 25420.629) / 5 = ¥25105.0826 Mil.
Total Assets at the begining of last year (Mar22) was ¥25,420 Mil.
Long-Term Debt & Capital Lease Obligation was ¥570 Mil.
Total Current Assets was ¥8,547 Mil.
Total Current Liabilities was ¥6,063 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.

Nanjing Xinjiekou Department Store Co's current Net Income (TTM) was 376. ==> 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.

Nanjing Xinjiekou Department Store Co's current Cash Flow from Operations (TTM) was 798. ==> 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)
=376.451/25420.629
=0.01480888

ROA (Last Year)=Net Income/Total Assets (Mar22)
=691.766/25420.105
=0.02721334

Nanjing Xinjiekou Department Store Co's return on assets of this year was 0.01480888. Nanjing Xinjiekou Department Store Co's return on assets of last year was 0.02721334. ==> 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.

Nanjing Xinjiekou Department Store Co's current Net Income (TTM) was 376. Nanjing Xinjiekou Department Store Co's current Cash Flow from Operations (TTM) was 798. ==> 798 > 376 ==> 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
=518.33/25778.812
=0.02010682

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=569.838/25105.0826
=0.02269811

Nanjing Xinjiekou Department Store Co's gearing of this year was 0.02010682. Nanjing Xinjiekou Department Store Co's gearing of last year was 0.02269811. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=8863.918/6086.433
=1.45634036

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=8546.906/6062.516
=1.40979521

Nanjing Xinjiekou Department Store Co's current ratio of this year was 1.45634036. Nanjing Xinjiekou Department Store Co's current ratio of last year was 1.40979521. ==> 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.

Nanjing Xinjiekou Department Store Co's number of shares in issue this year was 1297.822. Nanjing Xinjiekou Department Store Co's number of shares in issue last year was 1385.761. ==> 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
=2972.771/6554.592
=0.45354021

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3153.115/6501.349
=0.48499396

Nanjing Xinjiekou Department Store Co's gross margin of this year was 0.45354021. Nanjing Xinjiekou Department Store Co's gross margin of last year was 0.48499396. ==> Last year's gross margin is higher ==> Score 0.

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)
=6554.592/25420.629
=0.25784539

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=6501.349/25420.105
=0.25575618

Nanjing Xinjiekou Department Store Co's asset turnover of this year was 0.25784539. Nanjing Xinjiekou Department Store Co's asset turnover of last year was 0.25575618. ==> 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
=1+1+0+1+1+1+1+0+1
=7

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

Nanjing Xinjiekou Department Store Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Nanjing Xinjiekou Department Store Co  (SHSE:600682) 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.


Nanjing Xinjiekou Department Store Co Piotroski F-Score Related Terms

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Nanjing Xinjiekou Department Store Co (SHSE:600682) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Zhongshan South Road, Qinhuai District, Jiangsu District, Nanjing, CHN, 210005
Nanjing Xinjiekou Department Store Co Ltd operates a large-scale and established set of retail and department stores. The company is engaged in pre-packaged food, bulk food, health food, hot and cold beverage sales; Chinese food production and sales; audiovisual products, cigarettes, cigars, cut tobacco, and confiscated foreign tobacco products retail.

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