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Al-Dawliya for Hotels and Malls (AMM:MALL) Piotroski F-Score : 7 (As of Jun. 19, 2024)


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What is Al-Dawliya for Hotels and Malls Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Al-Dawliya for Hotels and Malls has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Al-Dawliya for Hotels and Malls's Piotroski F-Score or its related term are showing as below:

AMM:MALL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Al-Dawliya for Hotels and Malls was 8. The lowest was 2. And the median was 5.


Al-Dawliya for Hotels and Malls Piotroski F-Score Historical Data

The historical data trend for Al-Dawliya for Hotels and Malls'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.

Al-Dawliya for Hotels and Malls Piotroski F-Score Chart

Al-Dawliya for Hotels and Malls Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 2.00 5.00 8.00 8.00

Al-Dawliya for Hotels and Malls Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.00 8.00 8.00 8.00 7.00

Competitive Comparison of Al-Dawliya for Hotels and Malls's Piotroski F-Score

For the Lodging subindustry, Al-Dawliya for Hotels and Malls'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.


Al-Dawliya for Hotels and Malls's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Al-Dawliya for Hotels and Malls's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Al-Dawliya for Hotels and Malls'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 0.193 + 0.627 + -0.324 + -0.336 = JOD0.16 Mil.
Cash Flow from Operations was 0.64 + 1.162 + 0.057 + -0.368 = JOD1.49 Mil.
Revenue was 2.764 + 3.378 + 2.115 + 1.856 = JOD10.11 Mil.
Gross Profit was 0.458 + 0.898 + 2.115 + -0.033 = JOD3.44 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(59.965 + 60.216 + 60.138 + 59.149 + 58.822) / 5 = JOD59.658 Mil.
Total Assets at the begining of this year (Mar23) was JOD59.97 Mil.
Long-Term Debt & Capital Lease Obligation was JOD2.25 Mil.
Total Current Assets was JOD1.71 Mil.
Total Current Liabilities was JOD6.43 Mil.
Net Income was -0.001 + 0.452 + -0.067 + -0.097 = JOD0.29 Mil.

Revenue was 1.929 + 2.799 + 2.328 + 2.265 = JOD9.32 Mil.
Gross Profit was 0.191 + 0.67 + 0.283 + 0.187 = JOD1.33 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(60.922 + 60.377 + 60.172 + 59.612 + 59.965) / 5 = JOD60.2096 Mil.
Total Assets at the begining of last year (Mar22) was JOD60.92 Mil.
Long-Term Debt & Capital Lease Obligation was JOD3.24 Mil.
Total Current Assets was JOD2.29 Mil.
Total Current Liabilities was JOD6.92 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.

Al-Dawliya for Hotels and Malls's current Net Income (TTM) was 0.16. ==> 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.

Al-Dawliya for Hotels and Malls's current Cash Flow from Operations (TTM) was 1.49. ==> 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 (Mar23)
=0.16/59.965
=0.00266822

ROA (Last Year)=Net Income/Total Assets (Mar22)
=0.287/60.922
=0.00471094

Al-Dawliya for Hotels and Malls's return on assets of this year was 0.00266822. Al-Dawliya for Hotels and Malls's return on assets of last year was 0.00471094. ==> Last year is higher ==> Score 0.

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.

Al-Dawliya for Hotels and Malls's current Net Income (TTM) was 0.16. Al-Dawliya for Hotels and Malls's current Cash Flow from Operations (TTM) was 1.49. ==> 1.49 > 0.16 ==> CFROA > ROA ==> Score 1.

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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2.253/59.658
=0.03776526

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=3.242/60.2096
=0.05384523

Al-Dawliya for Hotels and Malls's gearing of this year was 0.03776526. Al-Dawliya for Hotels and Malls's gearing of last year was 0.05384523. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=1.706/6.433
=0.26519509

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2.289/6.919
=0.33082815

Al-Dawliya for Hotels and Malls's current ratio of this year was 0.26519509. Al-Dawliya for Hotels and Malls's current ratio of last year was 0.33082815. ==> 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.

Al-Dawliya for Hotels and Malls's number of shares in issue this year was 43.041. Al-Dawliya for Hotels and Malls's number of shares in issue last year was 44.15. ==> 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
=3.438/10.113
=0.33995847

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.331/9.321
=0.14279584

Al-Dawliya for Hotels and Malls's gross margin of this year was 0.33995847. Al-Dawliya for Hotels and Malls's gross margin of last year was 0.14279584. ==> 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 (Mar23)
=10.113/59.965
=0.16864838

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=9.321/60.922
=0.15299892

Al-Dawliya for Hotels and Malls's asset turnover of this year was 0.16864838. Al-Dawliya for Hotels and Malls's asset turnover of last year was 0.15299892. ==> 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+1+0+1+1+0+1+1+1
=7

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

Al-Dawliya for Hotels and Malls has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Al-Dawliya for Hotels and Malls  (AMM:MALL) 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.


Al-Dawliya for Hotels and Malls Piotroski F-Score Related Terms

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Al-Dawliya for Hotels and Malls (AMM:MALL) Business Description

Traded in Other Exchanges
N/A
Address
Alal Al-Fasi street, P.O Box 94217, 1st Floor, Jawharat Al-Shmeisani Building, Amman, JOR, 11194
Al-Dawliya for Hotels and Malls PLC is engaged in developing, constructing, selling, purchasing, renting, and leasing hotels, restaurants, theaters, swimming pools and malls. It generates a majority of its revenue from the Hotel sector.

Al-Dawliya for Hotels and Malls (AMM:MALL) Headlines

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