DTCKF (Davis Commodities) Piotroski F-Score: 5 (As of Aug. 01, 2026) — 25% Above Median

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DTCKF Davis Commodities Ltd DTCKF
24 GF Score
Price $1.01
! 2 Warning Signs
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What is Davis Commodities Piotroski F-Score?

Davis Commodities DTCKF +1.00% 24 Piotroski F-Score is 5 as of Aug. 01, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates DTCKF with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Davis Commodities ranks better than 51.6% on this metric.

The zones of discrimination were as such:

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

Davis Commodities has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Davis Commodities's Piotroski F-Score or its related term are showing as below:

DTCKF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 5

During the past 6 years, the highest Piotroski F-Score of Davis Commodities was 6. The lowest was 2. And the median was 4.

Davis Commodities  (OTCPK:DTCKF) 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.


Davis Commodities Piotroski F-Score Related Terms


Davis Commodities Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Davis Commodities'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.

Davis Commodities Piotroski F-Score Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 6.00 2.00 5.00

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 2.00 0.00 5.00

DTCKF vs EDBL, SHMP, AQB: Piotroski F-Score Comparison

For the Farm Products subindustry, Davis Commodities'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.


Davis Commodities Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Davis Commodities's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Davis Commodities's Piotroski F-Score falls into.


DTCKF
24GF Score
Davis Commodities Ltd DTCKF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $-5.0 Mil.
Cash Flow from Operations was $-1.0 Mil.
Revenue was $184.2 Mil.
Gross Profit was $2.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (19.688 + 21.351) / 2 = $20.5195 Mil.
Total Assets at the begining of this year (Dec24) was $19.7 Mil.
Long-Term Debt & Capital Lease Obligation was $0.1 Mil.
Total Current Assets was $20.8 Mil.
Total Current Liabilities was $17.6 Mil.
Net Income was $-3.5 Mil.

Revenue was $132.4 Mil.
Gross Profit was $2.3 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (29.878 + 19.688) / 2 = $24.783 Mil.
Total Assets at the begining of last year (Dec23) was $29.9 Mil.
Long-Term Debt & Capital Lease Obligation was $0.2 Mil.
Total Current Assets was $12.2 Mil.
Total Current Liabilities was $11.7 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.

Davis Commodities's current Net Income (TTM) was -5.0. ==> 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.

Score 1 if positive, 0 if negative.

Davis Commodities's current Cash Flow from Operations (TTM) was -1.0. ==> 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 (Dec24)
=-5.035/19.688
=-0.25573954

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-3.529/29.878
=-0.11811366

Davis Commodities's return on assets of this year was -0.25573954. Davis Commodities's return on assets of last year was -0.11811366. ==> 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.

Davis Commodities's current Net Income (TTM) was -5.0. Davis Commodities's current Cash Flow from Operations (TTM) was -1.0. ==> -1.0 > -5.0 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.052/20.5195
=0.00253417

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.175/24.783
=0.00706129

Davis Commodities's gearing of this year was 0.00253417. Davis Commodities's gearing of last year was 0.00706129. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=20.827/17.647
=1.1802006

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=12.21/11.69
=1.04448246

Davis Commodities's current ratio of this year was 1.1802006. Davis Commodities's current ratio of last year was 1.04448246. ==> 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.

Davis Commodities's number of shares in issue this year was 1.225. Davis Commodities's number of shares in issue last year was 1.225. ==> 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
=2.868/184.217
=0.0155686

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.325/132.369
=0.01756454

Davis Commodities's gross margin of this year was 0.0155686. Davis Commodities's gross margin of last year was 0.01756454. ==> Last year's gross margin is higher ==> Score 0.

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 (Dec24)
=184.217/19.688
=9.35681633

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=132.369/29.878
=4.43031662

Davis Commodities's asset turnover of this year was 9.35681633. Davis Commodities's asset turnover of last year was 4.43031662. ==> 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
=0+0+0+1+1+1+1+0+1
=5

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

Davis Commodities has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Davis Commodities (DTCKF) has a Piotroski F-Score of 5 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Davis Commodities and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Davis Commodities' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Davis Commodities ranks #925 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 48.4%.
Is Davis Commodities' Piotroski F-Score too high?
Davis Commodities' current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Davis Commodities' value of 5 is 0% at this industry median. Based on the distribution chart, Davis Commodities ranks #925 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Davis Commodities has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Davis Commodities' Piotroski F-Score compare to EDBL and SHMP?
According to the Consumer Packaged Goods industry distribution chart, Davis Commodities ranks #925 out of 1911 companies for Piotroski F-Score. This puts Davis Commodities in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Davis Commodities' value of 5 is 0% at this benchmark. Historically, Davis Commodities' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Davis Commodities has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Davis Commodities's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Davis Commodities and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Davis Commodities's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Davis Commodities stock overvalued right now?
Davis Commodities (DTCKF) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Davis Commodities' overall GF Score™ is 24/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Davis Commodities (DTCKF), the current Piotroski F-Score is 5 as of Aug. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Davis Commodities Business Description

Address 10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore, which specializes in the trading of three main categories of agricultural commodities, namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage, and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil, and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.
24GF Score

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