ETAO International Co., Ltd.
ETAOF Healthcare Health Information Services
ETAO International Co., Ltd.’s revenue for fiscal 2022 (year ended December 2022) was $58.1 million. Operating cash flow growth for five consecutive years.
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ETAO International Co., Ltd. (ETAOF) Piotroski F-score
ETAO International Co., Ltd.'s Piotroski F-score for fiscal 2022 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2022’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (651.90%) | — | Fail | 0 |
| Positive operating cash flow | 10.82m | (251.50k) | Pass | 1 |
| Rising return on assets | (651.90%) | — | n/a | — |
| Cash flow above net income | 907.50m | 10.29m | Pass | 1 |
| Falling long-term leverage | 0.01 | — | n/a | — |
| Rising current ratio | 0.77 | 0.69 | Pass | 1 |
| No new shares issued | 5,000,000 | 5,000,000 | Pass | 1 |
| Rising gross margin | 32.72% | 30.49% | Pass | 1 |
| Rising asset turnover | 0.42 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ACON Aclarion, Inc. compare | 5 |
| RNLXY Renalytix plc - Sponsored ADR compare | 4 |
| ZCMD Zhongchao Inc. compare | 3 |
| MGRX Mangoceuticals, Inc. compare | 3 |
| HLTHQ Cue Health Inc. compare | 2 |
| ETAOF ETAO International Co., Ltd. | — |
| BFRG Bullfrog AI Holdings Inc. compare | — |
| BEAT HeartBeam, Inc. compare | — |
| HCTI Healthcare Triangle, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover