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Pacific Coast Oil Trust (Pacific Coast Oil Trust) Piotroski F-Score : 0 (As of Apr. 26, 2024)


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What is Pacific Coast Oil Trust 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

Pacific Coast Oil Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Pacific Coast Oil Trust's Piotroski F-Score or its related term are showing as below:


Pacific Coast Oil Trust Piotroski F-Score Historical Data

The historical data trend for Pacific Coast Oil Trust'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.

Pacific Coast Oil Trust Piotroski F-Score Chart

Pacific Coast Oil Trust Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 2.00 6.00 6.00

Pacific Coast Oil Trust Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 6.00 6.00 6.00 6.00 6.00

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 (Jun19) TTM:Last Year (Jun18) TTM:
Net Income was 4.47 + 3.327 + 1.778 + 3.032 = $12.61 Mil.
Cash Flow from Operations was -3.656 + 0 + 0 + 0 = $-3.66 Mil.
Revenue was 4.907 + 4.051 + 2.431 + 3.712 = $15.10 Mil.
Gross Profit was 4.635 + 3.778 + 2.158 + 3.438 = $14.01 Mil.
Average Total Assets from the begining of this year (Jun18)
to the end of this year (Jun19) was
(210.792 + 207.136 + 204.626 + 202.37 + 199.144) / 5 = $204.8136 Mil.
Total Assets at the begining of this year (Jun18) was $210.79 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.20 Mil.
Total Current Liabilities was $0.00 Mil.
Net Income was 1.531 + 1.156 + 3.24 + 1.582 = $7.51 Mil.

Revenue was 1.999 + 1.618 + 3.972 + 2.191 = $9.78 Mil.
Gross Profit was 1.732 + 1.351 + 3.705 + 1.922 = $8.71 Mil.
Average Total Assets from the begining of last year (Jun17)
to the end of last year (Jun18) was
(221.678 + 219.058 + 217.279 + 212.795 + 210.792) / 5 = $216.3204 Mil.
Total Assets at the begining of last year (Jun17) was $221.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.05 Mil.
Total Current Liabilities was $0.00 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.

Pacific Coast Oil Trust's current Net Income (TTM) was 12.61. ==> 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.

Pacific Coast Oil Trust's current Cash Flow from Operations (TTM) was -3.66. ==> Negative ==> Score 0.

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 (Jun18)
=12.607/210.792
=0.05980777

ROA (Last Year)=Net Income/Total Assets (Jun17)
=7.509/221.678
=0.03387346

Pacific Coast Oil Trust's return on assets of this year was 0.05980777. Pacific Coast Oil Trust's return on assets of last year was 0.03387346. ==> 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.

Pacific Coast Oil Trust's current Net Income (TTM) was 12.61. Pacific Coast Oil Trust's current Cash Flow from Operations (TTM) was -3.66. ==> -3.66 <= 12.61 ==> 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: Jun19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun18 to Jun19
=0/204.8136
=0

Gearing (Last Year: Jun18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun17 to Jun18
=0/216.3204
=0

Pacific Coast Oil Trust's gearing of this year was 0. Pacific Coast Oil Trust's gearing of last year was 0. ==> 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: Jun19)=Total Current Assets/Total Current Liabilities
=0.199/0
=

Current Ratio (Last Year: Jun18)=Total Current Assets/Total Current Liabilities
=0.052/0
=

Pacific Coast Oil Trust's current ratio of this year was . Pacific Coast Oil Trust's current ratio of last year was . ==> 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.

Pacific Coast Oil Trust's number of shares in issue this year was 38.583. Pacific Coast Oil Trust's number of shares in issue last year was 38.583. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=14.009/15.101
=0.92768691

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.71/9.78
=0.89059305

Pacific Coast Oil Trust's gross margin of this year was 0.92768691. Pacific Coast Oil Trust's gross margin of last year was 0.89059305. ==> 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 (Jun18)
=15.101/210.792
=0.07163934

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun17)
=9.78/221.678
=0.04411805

Pacific Coast Oil Trust's asset turnover of this year was 0.07163934. Pacific Coast Oil Trust's asset turnover of last year was 0.04411805. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

Pacific Coast Oil Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Pacific Coast Oil Trust  (OTCPK:ROYTL) 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.


Pacific Coast Oil Trust Piotroski F-Score Related Terms

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Pacific Coast Oil Trust (Pacific Coast Oil Trust) Business Description

Traded in Other Exchanges
N/A
Address
601 Travis Street, 16th Floor, Houston, TX, USA, 77002
Pacific Coast Oil Trust is a statutory trust which is formed to acquire and hold net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The underlying properties consist of producing and non-producing interests in oil units, wells, and lands located onshore in California in the Santa Maria Basin, and the Los Angeles Basin.
Executives
Greenhill & Co Inc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Greenhill Capital Partners, Llc 10 percent owner 300 PARK AVENUE, 23RD FLOOR, NEW YORK NY 10022
Gcp Managing Partner Ii, L.p. 10 percent owner 300 PARK AVENUE, NEW YORK NY 10022
Metalmark Capital Partners Ii Gp, L.p. 10 percent owner 1177 AVENUE OF THE AMERICAS, 40TH FLOOR, NEW YORK NY 10036