AsiaStrategy
SORA Consumer Cyclical Luxury Goods
AsiaStrategy’s revenue for fiscal 2025 (year ended December 2025) was $11.0 million, down 37.7% from fiscal 2024.
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AsiaStrategy (SORA) Piotroski F-score
AsiaStrategy's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 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 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 53.05% | (0.69%) | Pass | 1 |
| Positive operating cash flow | (4.32m) | (463.00k) | Fail | 0 |
| Rising return on assets | 53.05% | (0.69%) | Pass | 1 |
| Cash flow above net income | (16.62m) | (420.80k) | Fail | 0 |
| Falling long-term leverage | 0.56 | 0.53 | Fail | 0 |
| Rising current ratio | 6.51 | 2.87 | Pass | 1 |
| No new shares issued | 24,192,500 | 20,643,200 | Fail | 0 |
| Rising gross margin | 3.47% | 8.04% | Fail | 0 |
| Rising asset turnover | 0.47 | 2.89 | 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 |
|---|---|
| MOV Movado Group Inc. compare | 9 |
| CPRI Capri Holdings Limited compare | 7 |
| REAL The RealReal, Inc. compare | 6 |
| ELA Envela Corporation compare | 6 |
| BRLT Brilliant Earth Group, Inc. compare | 4 |
| LANV Lanvin Group Holdings Limited compare | 4 |
| SORA AsiaStrategy | 3 |
| LUXE LuxExperience B.V. - Sponsored ADR compare | 3 |
| JEWL Adamas One Corp. 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