Golden Sun Technology Group Limited
GSUN Consumer Defensive Education & Training Services
Follow GSUN
Golden Sun Technology Group Limited (GSUN) Piotroski F-score
Golden Sun Technology Group Limited's Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 3 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (1.00) |
| FY2024 | 3 | 2.00 |
| FY2023 | 1 | (2.00) |
| FY2022 | 3 | (4.00) |
| FY2021 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (24.79%) | (20.29%) | Fail | 0 |
| Positive operating cash flow | (9.32m) | (4.90m) | Fail | 0 |
| Rising return on assets | (24.79%) | (20.29%) | Fail | 0 |
| Cash flow above net income | (4.23m) | (1.19m) | Fail | 0 |
| Falling long-term leverage | 0.15 | 0.10 | Fail | 0 |
| Rising current ratio | 1.20 | 0.76 | Pass | 1 |
| No new shares issued | 2,849,000 | 1,981,000 | Fail | 0 |
| Rising gross margin | 2.26% | 16.26% | Fail | 0 |
| Rising asset turnover | 1.73 | 0.33 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
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 |
|---|---|
| AMBO Ambow Education Holding Ltd. compare | 7 |
| GVHGF Visionary Holdings Inc. compare | 4 |
| VSA VisionSys AI Inc. compare | 4 |
| EEIQ EpicQuest Education Group International Limited compare | 4 |
| WAFU Wah Fu Education & Technology Group Limited compare | 3 |
| CLEUF China Liberal Education Holdings Limited compare | 3 |
| LXEH Lixiang Education Holding Co., Ltd. Sponsored ADR compare | 2 |
| GSUN Golden Sun Technology Group Limited | 2 |
| KIDZ KIDZ AI 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