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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Helmerich & Payne 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 Helmerich & Payne's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Helmerich & Payne was 8. The lowest was 2. And the median was 5.
The historical data trend for Helmerich & Payne'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.
Helmerich & Payne Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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4.00 | 3.00 | 7.00 | 7.00 | 5.00 |
Helmerich & Payne Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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8.00 | 8.00 | 5.00 | 5.00 | 5.00 |
For the Oil & Gas Drilling subindustry, Helmerich & Payne'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.
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne'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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Net Income was 84.831 + 88.685 + 75.476 + 54.772 = $304 Mil. Cash Flow from Operations was 143.719 + 197.39 + 168.756 + 158.358 = $668 Mil. Revenue was 687.943 + 697.724 + 693.793 + 677.302 = $2,757 Mil. Gross Profit was 181.547 + 182.88 + 184.758 + 166.365 = $716 Mil. Average Total Assets from the begining of this year (Dec23) to the end of this year (Dec24) was (4421.328 + 4424.848 + 4484.982 + 5781.898 + 5816.621) / 5 = $4985.9354 Mil. Total Assets at the begining of this year (Dec23) was $4,421 Mil. Long-Term Debt & Capital Lease Obligation was $1,782 Mil. Total Current Assets was $1,225 Mil. Total Current Liabilities was $436 Mil. |
Net Income was 164.04 + 95.293 + 77.622 + 95.173 = $432 Mil. Revenue was 769.222 + 723.956 + 659.606 + 677.147 = $2,830 Mil. Gross Profit was 223.857 + 199.963 + 156.458 + 179.853 = $760 Mil. Average Total Assets from the begining of last year (Dec22) to the end of last year (Dec23) was (4411.848 + 4365.733 + 4340.816 + 4381.956 + 4421.328) / 5 = $4384.3362 Mil. Total Assets at the begining of last year (Dec22) was $4,412 Mil. Long-Term Debt & Capital Lease Obligation was $545 Mil. Total Current Assets was $989 Mil. Total Current Liabilities was $469 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.
Helmerich & Payne's current Net Income (TTM) was 304.
==> 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.
Helmerich & Payne's current Cash Flow from Operations (TTM) was 668.
==> 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 (Dec23) |
= | 303.764 | / | 4421.328 | |
= | 0.06870424 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec22) |
= | 432.128 | / | 4411.848 | |
= | 0.09794716 |
Helmerich & Payne's return on assets of this year was 0.06870424. Helmerich & Payne's return on assets of last year was 0.09794716.
==> 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.
Helmerich & Payne's current Net Income (TTM) was 304. Helmerich & Payne's current Cash Flow from Operations (TTM) was 668.
==> 668 > 304 ==> 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: Dec24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec23 to Dec24 |
= | 1781.674 | / | 4985.9354 | |
= | 0.35733997 |
Gearing (Last Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 545.292 | / | 4384.3362 | |
= | 0.12437276 |
Helmerich & Payne's gearing of this year was 0.35733997. Helmerich & Payne's gearing of last year was 0.12437276.
==> 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: Dec24) | = | Total Current Assets | / | Total Current Liabilities |
= | 1224.831 | / | 435.713 | |
= | 2.81109584 |
Current Ratio (Last Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 988.68 | / | 468.986 | |
= | 2.10812263 |
Helmerich & Payne's current ratio of this year was 2.81109584. Helmerich & Payne's current ratio of last year was 2.10812263.
==> 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.
Helmerich & Payne's number of shares in issue this year was 99.159. Helmerich & Payne's number of shares in issue last year was 99.628.
==> 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 |
= | 715.55 | / | 2756.762 | |
= | 0.25956176 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 760.131 | / | 2829.931 | |
= | 0.26860408 |
Helmerich & Payne's gross margin of this year was 0.25956176. Helmerich & Payne's gross margin of last year was 0.26860408.
==> 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 (Dec23) |
= | 2756.762 | / | 4421.328 | |
= | 0.62351447 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec22) |
= | 2829.931 | / | 4411.848 | |
= | 0.64143892 |
Helmerich & Payne's asset turnover of this year was 0.62351447. Helmerich & Payne's asset turnover of last year was 0.64143892.
==> 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 | + | 0 | + | 0 | |
= | 5 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Helmerich & Payne has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Helmerich & Payne (NYSE:HP) 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.
Thank you for viewing the detailed overview of Helmerich & Payne's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Randy A Foutch | director | 15 W. SIXTH STREET, SUITE, 1800, TULSA OK 74119 |
Belgacem Chariag | director | TECHNO PARK, SHEIKH ZAYED ROAD, DUBAI C0 00000 |
John W Lindsay | director, officer: President and CEO | 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119 |
Cara M. Hair | officer: SVP, Corp. Services & CLO | 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119 |
Mark W. Smith | officer: Senior VP and CFO | 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084 |
Adams Raymond John Iii | officer: SVP Sales, Marketing & Digital | 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119 |
Hans Helmerich | director | C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404 |
Elizabeth R Killinger | director | NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540 |
John R. Bell | officer: SVP, Int'l & Offshore Ops, sub | 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119 |
Sara Marie Momper | officer: VP, CAO | 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119 |
Michael Lennox | officer: SVP, US Land Ops, drilling sub | 1437 S. BOULDER AVE., SUITE 140, TULSA OK 74119 |
Todd Willard Benson | officer: President of H&P Technologies | 1437 S. BOULDER AVENUE, SUITE 1400, TULSA OK 74119 |
Mary M Vandeweghe | director | 1601 W. DIEHL ROAD, NAPERVILLE IL 60563 |
Kevin G. Cramton | director | 502 SAINT DAVIDS AVENUE, WAYNE PA 19087 |
Delaney Murchison Bellinger | director | 524 E. 24TH STREET, HOUSTON TX 77008 |
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