Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cho Thavee Dollasien 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 Cho Thavee Dollasien's Piotroski F-Score or its related term are showing as below:
CHOTF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 5
During the past 13 years, the highest Piotroski F-Score of Cho Thavee Dollasien was 6. The lowest was 2. And the median was 4.
Cho Thavee Dollasien Piotroski F-Score Historical Data
The historical data trend for Cho Thavee Dollasien'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.
Competitive Comparison of Cho Thavee Dollasien's Piotroski F-Score
For the Farm & Heavy Construction Machinery subindustry, Cho Thavee Dollasien'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.
Cho Thavee Dollasien's Piotroski F-Score Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee Dollasien's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cho Thavee Dollasien'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.
*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.
Cho Thavee Dollasien's current Net Income (TTM) was -16.34.
==> Negative ==> Score 0.
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.
Cho Thavee Dollasien's return on assets of this year was -0.18615088. Cho Thavee Dollasien's return on assets of last year was -0.19205809.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Cho Thavee Dollasien's gearing of this year was 0.39906631. Cho Thavee Dollasien's gearing of last year was 0.11685066.
==> 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
Cho Thavee Dollasien's current ratio of this year was 1.08004923. Cho Thavee Dollasien's current ratio of last year was 0.64087064.
==> 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.
Cho Thavee Dollasien's number of shares in issue this year was 0. Cho Thavee Dollasien's number of shares in issue last year was 0.
==> 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.
Cho Thavee Dollasien's gross margin of this year was -0.30191392. Cho Thavee Dollasien's gross margin of last year was -0.51305429.
==> 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
Cho Thavee Dollasien's asset turnover of this year was 0.12676987. Cho Thavee Dollasien's asset turnover of last year was 0.15081721.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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0
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1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cho Thavee Dollasien has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Cho Thavee Dollasien (OTCPK:CHOTF) 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.
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.
Cho Thavee Dollasien Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Cho Thavee Dollasien's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Cho Thavee Dollasien (Cho Thavee Dollasien) Business Description
Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.
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