JE Cleantech Holdings Limited
JCSE Industrials Specialty Industrial Machinery
JE Cleantech Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $15.8 million, up 11.8% from fiscal 2024. Operating cash flow growth for three consecutive years.
Follow JCSE
JE Cleantech Holdings Limited (JCSE) Piotroski F-score
JE Cleantech Holdings Limited's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, up from 6 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | 1.00 |
| FY2024 | 6 | 1.00 |
| FY2023 | 5 | 0.00 |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | (2.00) |
| FY2020 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 9.80% | 0.10% | Pass | 1 |
| Positive operating cash flow | 2.09m | 1.50m | Pass | 1 |
| Rising return on assets | 9.80% | 0.10% | Pass | 1 |
| Cash flow above net income | (426.00k) | 1.48m | Fail | 0 |
| Falling long-term leverage | 0.09 | 0.24 | Pass | 1 |
| Rising current ratio | 2.72 | 2.55 | Pass | 1 |
| No new shares issued | 5,307,000 | 5,100,000 | Fail | 0 |
| Rising gross margin | 28.45% | 26.94% | Pass | 1 |
| Rising asset turnover | 0.61 | 0.54 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
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 |
|---|---|
| JCSE JE Cleantech Holdings Limited | 7 |
| WFF WF Holding Limited compare | 4 |
| SPPL SIMPPLE LTD. compare | 4 |
| BURU Nuburu, Inc. compare | 3 |
| CETY Clean Energy Technologies, Inc. compare | 2 |
| INLF INLIF Limited compare | 2 |
| VGTK Camber Energy, Inc. compare | 2 |
| XCH XCHG Limited compare | 2 |
| OPTT Ocean Power Technologies, 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