Neo-Concept International Group Holdings Limited
NCI Consumer Cyclical Apparel Manufacturing
Neo-Concept International Group Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $17.6 million, down 41.9% from fiscal 2024.
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Neo-Concept International Group Holdings Limited (NCI) Piotroski F-score
Neo-Concept International Group Holdings Limited's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.26% | 7.14% | Pass | 1 |
| Positive operating cash flow | 2.75m | 55.10k | Pass | 1 |
| Rising return on assets | 0.26% | 7.14% | Fail | 0 |
| Cash flow above net income | 2.70m | (983.00k) | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 2.61 | 1.84 | Pass | 1 |
| No new shares issued | 508,000 | 490,100 | Fail | 0 |
| Rising gross margin | 36.93% | 20.98% | Pass | 1 |
| Rising asset turnover | 1.09 | 2.09 | Fail | 0 |
| Piotroski F-score | Mixed | 6 | ||
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 |
|---|---|
| NCI Neo-Concept International Group Holdings Limited | 6 |
| JL J-Long Group Limited compare | 5 |
| JRSH Jerash Holdings (US), Inc. compare | 5 |
| PMNT Perfect Moment Ltd. compare | 4 |
| JXG Aquaron Acquisition Corp. compare | 4 |
| XELB Xcel Brands, Inc compare | 3 |
| DLAPQ Delta Apparel, Inc. compare | 3 |
| PLCE The Children's Place, Inc. compare | 3 |
| LAKE Lakeland Industries, Inc. compare | 1 |
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