GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Taqa Arabia (CAI:TAQA) » Definitions » Piotroski F-Score

Taqa Arabia (CAI:TAQA) Piotroski F-Score : N/A (As of Apr. 03, 2025)


View and export this data going back to 2023. Start your Free Trial

What is Taqa Arabia 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

Taqa Arabia 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 Taqa Arabia's Piotroski F-Score or its related term are showing as below:

During the past 8 years, the highest Piotroski F-Score of Taqa Arabia was 8. The lowest was 7. And the median was 8.


Taqa Arabia Piotroski F-Score Historical Data

The historical data trend for Taqa Arabia'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.

Taqa Arabia Piotroski F-Score Chart

Taqa Arabia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 8.00

Taqa Arabia Quarterly Data
Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A N/A 7.00 8.00 N/A

Competitive Comparison of Taqa Arabia's Piotroski F-Score

For the Oil & Gas Refining & Marketing subindustry, Taqa Arabia'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.


Taqa Arabia's Piotroski F-Score Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Taqa Arabia'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 (Jun24) TTM:Last Year (Jun22) TTM:
Net Income was 346.25 + 167.271 + 389.937 + 211.324 = E£1,115 Mil.
Cash Flow from Operations was 0 + 385.791 + 910.279 + -150.729 = E£1,145 Mil.
Revenue was 5940.554 + 6159.604 + 7304.195 + 7791.586 = E£27,196 Mil.
Gross Profit was 767.012 + 669.391 + 961.311 + 832.138 = E£3,230 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Jun24) was
(0 + 14697.791 + 17302.132 + 17348.474 + 14885.257) / 5 = E£16058.4135 Mil.
Total Assets at the begining of this year (Jun22) was E£0 Mil.
Long-Term Debt & Capital Lease Obligation was E£4,342 Mil.
Total Current Assets was E£6,561 Mil.
Total Current Liabilities was E£6,613 Mil.
Net Income was 0 + 0 + 0 + 192.356 = E£192 Mil.

Revenue was 0 + 0 + 0 + 4787.282 = E£4,787 Mil.
Gross Profit was 0 + 0 + 0 + 526.97 = E£527 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Jun22) was
(6416.705 + 7127.521 + 8088.972 + 11922.276 + 0) / 5 = E£8388.8685 Mil.
Total Assets at the begining of last year (Dec18) was E£6,417 Mil.
Long-Term Debt & Capital Lease Obligation was E£0 Mil.
Total Current Assets was E£0 Mil.
Total Current Liabilities was E£0 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.

Taqa Arabia's current Net Income (TTM) was 1,115. ==> 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.

Taqa Arabia's current Cash Flow from Operations (TTM) was 1,145. ==> 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 (Jun22)
=1114.782/0
=

ROA (Last Year)=Net Income/Total Assets (Dec18)
=192.356/6416.705
=0.02997738

Taqa Arabia's return on assets of this year was . Taqa Arabia's return on assets of last year was 0.02997738. ==> 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.

Taqa Arabia's current Net Income (TTM) was 1,115. Taqa Arabia's current Cash Flow from Operations (TTM) was 1,145. ==> 1,145 > 1,115 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun24
=4342.216/16058.4135
=0.27040131

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Jun22
=0/8388.8685
=0

Taqa Arabia's gearing of this year was 0.27040131. Taqa Arabia's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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: Jun24)=Total Current Assets/Total Current Liabilities
=6560.612/6613.315
=0.99203077

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=0/0
=

Taqa Arabia's current ratio of this year was 0.99203077. Taqa Arabia's current ratio of last year was . ==> This year's current ratio is higher. ==> Score 1.

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.

Taqa Arabia's number of shares in issue this year was 1352.354. Taqa Arabia's number of shares in issue last year was 1352.354. ==> 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
=3229.852/27195.939
=0.11876229

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=526.97/4787.282
=0.11007708

Taqa Arabia's gross margin of this year was 0.11876229. Taqa Arabia's gross margin of last year was 0.11007708. ==> 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 (Jun22)
=27195.939/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=4787.282/6416.705
=0.74606547

Taqa Arabia's asset turnover of this year was . Taqa Arabia's asset turnover of last year was 0.74606547. ==> 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+0+1+0+1+1+1+0
=6

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

Taqa Arabia has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Taqa Arabia  (CAI:TAQA) 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.


Taqa Arabia Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Taqa Arabia's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Taqa Arabia Business Description

Traded in Other Exchanges
N/A
Address
G2, ElMorshedy Street, El Lasilky Area, Maadi, Cairo, EGY, 17631
Taqa Arabia operates as an energy and utility provider. TAQA Arabia invests, installs, constructs, and operates energy infrastructure including gas transmission & distribution, conventional and renewable Power generation & distribution, marketing oil products and lubricants throughout several fuel stations across the country as well as water treatment and desalination services for a wide range of clients. The company operates into four segments Gas, Power, Marketing and others. It derives maximum revenue from Marketing segment.

Taqa Arabia Headlines

No Headlines