Huadi International Group Co., Ltd.
HUDI Basic Materials Steel
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Huadi International Group Co., Ltd. (HUDI) Piotroski F-score
Huadi International Group Co., Ltd.'s Piotroski F-score for fiscal 2025 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 1 | (3.00) |
| FY2024 | 4 | (2.00) |
| FY2023 | 6 | 2.00 |
| FY2022 | 4 | 1.00 |
| FY2021 | 3 | (2.00) |
| FY2020 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.31%) | 0.13% | Fail | 0 |
| Positive operating cash flow | (8.48m) | 12.99m | Fail | 0 |
| Rising return on assets | (1.31%) | 0.13% | Fail | 0 |
| Cash flow above net income | (7.08m) | 12.86m | Fail | 0 |
| Falling long-term leverage | 0.08 | 0.00 | Fail | 0 |
| Rising current ratio | 2.89 | 3.25 | Fail | 0 |
| No new shares issued | 14,277,000 | 14,268,000 | Fail | 0 |
| Rising gross margin | 10.80% | 9.85% | Pass | 1 |
| Rising asset turnover | 0.59 | 0.72 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
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 |
|---|---|
| NWPX NWPX Infrastructure, Inc. compare | 9 |
| MSB Mesabi Trust compare | 6 |
| INHD Inno Holdings Inc. compare | 5 |
| FRD Friedman Industries Inc. compare | 5 |
| MTUS Metallus Inc. compare | 5 |
| ZKIN ZK International Group Co., Ltd. compare | 3 |
| LUD Luda Technology Group Limited compare | 3 |
| HUDI Huadi International Group Co., Ltd. | 1 |
| ASTL Algoma Steel Group 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