Happy City Holdings Limited
HCHL Consumer Cyclical Restaurants
Happy City Holdings Limited’s revenue for fiscal 2025 (year ended August 2025) was $6.8 million, down 18.0% from fiscal 2024.
Follow HCHL
Happy City Holdings Limited (HCHL) Piotroski F-score
Happy City Holdings Limited's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (3.00) |
| FY2024 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (32.41%) | 23.96% | Fail | 0 |
| Positive operating cash flow | (1.27m) | 1.27m | Fail | 0 |
| Rising return on assets | (32.41%) | 23.96% | Fail | 0 |
| Cash flow above net income | 1.16m | (54.70k) | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 0.83 | 0.57 | Pass | 1 |
| No new shares issued | 18,221,000 | 18,000,000 | Fail | 0 |
| Rising gross margin | 12.60% | 27.27% | Fail | 0 |
| Rising asset turnover | 0.91 | 1.51 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
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 |
|---|---|
| BDL Flanigan's Enterprises, Inc. compare | 9 |
| RICK RCI Hospitality Holdings, Inc. compare | 7 |
| RRGB Red Robin Gourmet Burgers, Inc. compare | 5 |
| JACK Janus Henderson Sustainable & Impact Core Bond ETF compare | 5 |
| MB MasterBeef Group compare | 3 |
| HCHL Happy City Holdings Limited | 3 |
| NDLS Noodles & Company compare | 3 |
| VENU Venu Holding Corporation compare | 3 |
| GENK GEN Restaurant Group, Inc. compare | 2 |
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