Kuke Music Holding Limited Sponsored ADR
KUKEY Communication Services Entertainment
Operating cash flow growth for three consecutive years.
Follow KUKEY
Kuke Music Holding Limited Sponsored ADR (KUKEY) Piotroski F-score
Kuke Music Holding Limited Sponsored ADR's Piotroski F-score for fiscal 2024 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2023.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | 2.00 |
| FY2022 | 2 | (3.00) |
| FY2021 | 5 | 2.00 |
| FY2020 | 3 | (2.00) |
| FY2019 | 5 | 1.00 |
| FY2019 | 4 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (25.42%) | (25.56%) | Fail | 0 |
| Positive operating cash flow | (2.62m) | (2.90m) | Fail | 0 |
| Rising return on assets | (25.42%) | (25.56%) | Pass | 1 |
| Cash flow above net income | 6.42m | 6.22m | Pass | 1 |
| Falling long-term leverage | 0.02 | 0.02 | Pass | 1 |
| Rising current ratio | 0.34 | 0.26 | Pass | 1 |
| No new shares issued | 39,694,000 | 3,118,600 | Fail | 0 |
| Rising gross margin | 38.92% | 47.31% | Fail | 0 |
| Rising asset turnover | 0.27 | 0.42 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
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 |
|---|---|
| CPOP Pop Culture Group Co., Ltd. compare | 5 |
| KUKEY Kuke Music Holding Limited Sponsored ADR | 4 |
| KUST Kustom Entertainment Inc. compare | 3 |
| MPU Mega Matrix Inc. compare | 3 |
| FTRKF FAST TRACK GROUP compare | 3 |
| CSSEQ Chicken Soup for the Soul Entertainment, Inc. compare | 3 |
| NIPG NIP Group Inc. Sponsored ADR compare | 3 |
| MMVVF MultiMetaVerse Holdings Limited compare | — |
| NXAT Nexus Advanced Technologies 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