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Senex Energy (ASX:SXY) Piotroski F-Score : 5 (As of May. 19, 2024)


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What is Senex Energy Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Senex Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Senex Energy's Piotroski F-Score or its related term are showing as below:

ASX:SXY' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Senex Energy was 8. The lowest was 1. And the median was 4.


Senex Energy Piotroski F-Score Historical Data

The historical data trend for Senex Energy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Senex Energy Piotroski F-Score Chart

Senex Energy Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 5.00 5.00 5.00

Senex Energy Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 5.00 - 5.00 -

Competitive Comparison of Senex Energy's Piotroski F-Score

For the Oil & Gas E&P subindustry, Senex Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Senex Energy's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Senex Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Senex Energy's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was A$65.7 Mil.
Cash Flow from Operations was A$43.1 Mil.
Revenue was A$115.8 Mil.
Gross Profit was A$75.8 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was (709.691 + 669.72) / 2 = A$689.7055 Mil.
Total Assets at the begining of this year (Jun20) was A$709.7 Mil.
Long-Term Debt & Capital Lease Obligation was A$240.8 Mil.
Total Current Assets was A$127.7 Mil.
Total Current Liabilities was A$54.9 Mil.
Net Income was A$-51.4 Mil.

Revenue was A$121.5 Mil.
Gross Profit was A$68.7 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was (503.666 + 709.691) / 2 = A$606.6785 Mil.
Total Assets at the begining of last year (Jun19) was A$503.7 Mil.
Long-Term Debt & Capital Lease Obligation was A$287.2 Mil.
Total Current Assets was A$116.7 Mil.
Total Current Liabilities was A$44.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Senex Energy's current Net Income (TTM) was 65.7. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Senex Energy's current Cash Flow from Operations (TTM) was 43.1. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=65.668/709.691
=0.09253041

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-51.367/503.666
=-0.10198624

Senex Energy's return on assets of this year was 0.09253041. Senex Energy's return on assets of last year was -0.10198624. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Senex Energy's current Net Income (TTM) was 65.7. Senex Energy's current Cash Flow from Operations (TTM) was 43.1. ==> 43.1 <= 65.7 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=240.826/689.7055
=0.34917222

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=287.197/606.6785
=0.47339241

Senex Energy's gearing of this year was 0.34917222. Senex Energy's gearing of last year was 0.47339241. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun21)=Total Current Assets/Total Current Liabilities
=127.667/54.854
=2.32739636

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=116.746/44.094
=2.64766181

Senex Energy's current ratio of this year was 2.32739636. Senex Energy's current ratio of last year was 2.64766181. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Senex Energy's number of shares in issue this year was 184.513. Senex Energy's number of shares in issue last year was 181.985. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=75.79/115.8
=0.6544905

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=68.652/121.519
=0.56494869

Senex Energy's gross margin of this year was 0.6544905. Senex Energy's gross margin of last year was 0.56494869. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=115.8/709.691
=0.1631696

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=121.519/503.666
=0.24126902

Senex Energy's asset turnover of this year was 0.1631696. Senex Energy's asset turnover of last year was 0.24126902. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+0+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Senex Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Senex Energy  (ASX:SXY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Senex Energy Piotroski F-Score Related Terms

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Senex Energy (ASX:SXY) Business Description

Traded in Other Exchanges
N/A
Address
180 Ann Street, Level 30, Brisbane, QLD, AUS, 4000
Senex Energy Ltd is an Australian oil and gas exploration and production company. The company's geographical segment includes Surat Basin and Cooper/Eromanga Basins. The company earns its key revenue through oil sales, gas and gas liquids sales.

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