Ningbo Jintian Copper Stock Piotroski F Score

601609 Stock   5.99  0.02  0.33%   
This module uses fundamental data of Ningbo Jintian to approximate its Piotroski F score. Ningbo Jintian F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ningbo Jintian Copper. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Ningbo Jintian financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Jintian Copper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At present, Ningbo Jintian's Long Term Debt is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 9.8 B, whereas Short and Long Term Debt is forecasted to decline to about 2.7 B.
At this time, it appears that Ningbo Jintian's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
1.0
Piotroski F Score - Inapplicable
Current Return On Assets

N/A

Focus
Change in Return on Assets

N/A

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

N/A

Focus
Current Ratio Change

N/A

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

N/A

Focus

Ningbo Jintian Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Ningbo Jintian is to make sure Ningbo is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ningbo Jintian's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Ningbo Jintian's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Debt9.8 B9.3 B
Sufficiently Up
Slightly volatile
Total Current Liabilities5.8 B8.3 B
Way Down
Slightly volatile
Non Current Liabilities Total7.4 BB
Sufficiently Up
Slightly volatile
Total Assets15.1 B25.1 B
Way Down
Slightly volatile
Total Current Assets9.7 B17.3 B
Way Down
Slightly volatile

Ningbo Jintian Copper F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Ningbo Jintian's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ningbo Jintian in a much-optimized way.

About Ningbo Jintian Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Long Term Debt

6.58 Billion

At present, Ningbo Jintian's Long Term Debt is projected to increase significantly based on the last few years of reporting.

About Ningbo Jintian Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ningbo Jintian Copper's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ningbo Jintian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ningbo Jintian Copper based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Ningbo Stock

Ningbo Jintian financial ratios help investors to determine whether Ningbo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ningbo with respect to the benefits of owning Ningbo Jintian security.