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eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag (BUD:ESENSE) Piotroski F-Score : 7 (As of Jun. 21, 2024)


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What is eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag 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

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag 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 eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's Piotroski F-Score or its related term are showing as below:

BUD:ESENSE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag was 7. The lowest was 3. And the median was 5.


eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag Piotroski F-Score Historical Data

The historical data trend for eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag'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.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag Piotroski F-Score Chart

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 5.00 4.00 7.00

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 5.00 - 4.00 - 7.00

Competitive Comparison of eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's Piotroski F-Score

For the Staffing & Employment Services subindustry, eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag'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.


eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was Ft254 Mil.
Cash Flow from Operations was Ft83 Mil.
Revenue was Ft3,917 Mil.
Gross Profit was Ft376 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (1669.098 + 2163.397) / 2 = Ft1916.2475 Mil.
Total Assets at the begining of this year (Dec22) was Ft1,669 Mil.
Long-Term Debt & Capital Lease Obligation was Ft0 Mil.
Total Current Assets was Ft1,666 Mil.
Total Current Liabilities was Ft1,057 Mil.
Net Income was Ft84 Mil.

Revenue was Ft3,135 Mil.
Gross Profit was Ft258 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (1602.037 + 1669.098) / 2 = Ft1635.5675 Mil.
Total Assets at the begining of last year (Dec21) was Ft1,602 Mil.
Long-Term Debt & Capital Lease Obligation was Ft300 Mil.
Total Current Assets was Ft1,178 Mil.
Total Current Liabilities was Ft449 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.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current Net Income (TTM) was 254. ==> 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.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current Cash Flow from Operations (TTM) was 83. ==> 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 (Dec22)
=253.613/1669.098
=0.15194614

ROA (Last Year)=Net Income/Total Assets (Dec21)
=83.859/1602.037
=0.05234523

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's return on assets of this year was 0.15194614. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's return on assets of last year was 0.05234523. ==> 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.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current Net Income (TTM) was 254. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current Cash Flow from Operations (TTM) was 83. ==> 83 <= 254 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/1916.2475
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=300/1635.5675
=0.18342257

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's gearing of this year was 0. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's gearing of last year was 0.18342257. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1666.48/1057.047
=1.57654295

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1177.704/449.124
=2.6222246

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current ratio of this year was 1.57654295. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's current ratio of last year was 2.6222246. ==> 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.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's number of shares in issue this year was 9.991. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's number of shares in issue last year was 10. ==> 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
=376.105/3917.346
=0.09601016

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=258.047/3134.557
=0.08232328

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's gross margin of this year was 0.09601016. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's gross margin of last year was 0.08232328. ==> 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 (Dec22)
=3917.346/1669.098
=2.34698382

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=3134.557/1602.037
=1.95660712

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's asset turnover of this year was 2.34698382. eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag's asset turnover of last year was 1.95660712. ==> 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+1+0+1+0+1+1+1
=7

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

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag  (BUD:ESENSE) 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.


eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag Piotroski F-Score Related Terms

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eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag (BUD:ESENSE) Business Description

Traded in Other Exchanges
N/A
Address
Madarasz Viktor utca 47-49, Budapest, HUN, 1138
eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag mainly engages in Temporary employment activities. Its services comprise Telesales, Telephone customer service, Labour hiring, Consulting, and training services.

eSense Human Resources Szolgaltato Zartkoruen Mukodo Reszvenytarsasag (BUD:ESENSE) Headlines

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