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Leong Hup International Bhd (XKLS:6633) Piotroski F-Score : 8 (As of May. 11, 2024)


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What is Leong Hup International Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Leong Hup International Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Leong Hup International Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:6633' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 8

During the past 9 years, the highest Piotroski F-Score of Leong Hup International Bhd was 8. The lowest was 4. And the median was 5.


Leong Hup International Bhd Piotroski F-Score Historical Data

The historical data trend for Leong Hup International Bhd'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.

Leong Hup International Bhd Piotroski F-Score Chart

Leong Hup International Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 5.00 8.00 8.00

Leong Hup International Bhd 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 8.00 8.00 8.00 8.00 8.00

Competitive Comparison of Leong Hup International Bhd's Piotroski F-Score

For the Farm Products subindustry, Leong Hup International Bhd'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.


Leong Hup International Bhd's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leong Hup International Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Leong Hup International Bhd'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 22.142 + 65.033 + 132.961 + 81.601 = RM302 Mil.
Cash Flow from Operations was 146.401 + 62.047 + 456.371 + 327.668 = RM992 Mil.
Revenue was 2196.22 + 2413.863 + 2516.396 + 2413.033 = RM9,540 Mil.
Gross Profit was 2196.22 + 2413.863 + 2516.396 + 2413.033 = RM9,540 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(6592.201 + 6560.399 + 6664.078 + 6642.727 + 6526.584) / 5 = RM6597.1978 Mil.
Total Assets at the begining of this year (Dec22) was RM6,592 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,022 Mil.
Total Current Assets was RM3,127 Mil.
Total Current Liabilities was RM2,358 Mil.
Net Income was 20.375 + 40.498 + 67.312 + 90.706 = RM219 Mil.

Revenue was 2087.155 + 2272.22 + 2361.415 + 2321.912 = RM9,043 Mil.
Gross Profit was 2087.155 + 2272.22 + 2361.415 + 2321.912 = RM9,043 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(6329.814 + 6248.346 + 6647.618 + 6640.209 + 6592.201) / 5 = RM6491.6376 Mil.
Total Assets at the begining of last year (Dec21) was RM6,330 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,201 Mil.
Total Current Assets was RM3,160 Mil.
Total Current Liabilities was RM2,663 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.

Leong Hup International Bhd's current Net Income (TTM) was 302. ==> 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.

Leong Hup International Bhd's current Cash Flow from Operations (TTM) was 992. ==> 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 (Dec22)
=301.737/6592.201
=0.04577181

ROA (Last Year)=Net Income/Total Assets (Dec21)
=218.891/6329.814
=0.03458095

Leong Hup International Bhd's return on assets of this year was 0.04577181. Leong Hup International Bhd's return on assets of last year was 0.03458095. ==> 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.

Leong Hup International Bhd's current Net Income (TTM) was 302. Leong Hup International Bhd's current Cash Flow from Operations (TTM) was 992. ==> 992 > 302 ==> 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
=1021.967/6597.1978
=0.15490926

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1201.05/6491.6376
=0.18501495

Leong Hup International Bhd's gearing of this year was 0.15490926. Leong Hup International Bhd's gearing of last year was 0.18501495. ==> 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
=3127.06/2358.257
=1.32600476

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=3160.389/2663.122
=1.18672333

Leong Hup International Bhd's current ratio of this year was 1.32600476. Leong Hup International Bhd's current ratio of last year was 1.18672333. ==> 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.

Leong Hup International Bhd's number of shares in issue this year was 3650. Leong Hup International Bhd's number of shares in issue last year was 3650. ==> 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
=9539.512/9539.512
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9042.702/9042.702
=1

Leong Hup International Bhd's gross margin of this year was 1. Leong Hup International Bhd's gross margin of last year was 1. ==> 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 (Dec22)
=9539.512/6592.201
=1.44709058

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=9042.702/6329.814
=1.4285889

Leong Hup International Bhd's asset turnover of this year was 1.44709058. Leong Hup International Bhd's asset turnover of last year was 1.4285889. ==> 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+1+1+1+1+1+0+1
=8

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

Leong Hup International Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Leong Hup International Bhd  (XKLS:6633) 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.


Leong Hup International Bhd Piotroski F-Score Related Terms

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Leong Hup International Bhd (XKLS:6633) Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, Wisma Westcourt, Number 126, Jalan Kelang Lama, Wilayah Persekutuan, Kuala Lumpur, MYS, 58000
Leong Hup International Bhd is an integrated producer of poultry, eggs, and livestock feed. The operating segments of the group are Livestock and poultry-related products and Feedmill. Livestock and poultry-related products include the production and distribution of breeder and broiler day-old-chick, broiler chickens, eggs, animal health products, and consumer food products. The Feedmill segment involves the manufacturing and trading of animal feeds. The group has a business presence in Malaysia, Singapore, Indonesia, Vietnam, and the Philippines, of which key revenue is derived from Indonesia.

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