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AHLI BankOG (MUS:ABOB) Piotroski F-Score : 7 (As of Apr. 01, 2025)


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What is AHLI BankOG 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

AHLI BankOG 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 AHLI BankOG's Piotroski F-Score or its related term are showing as below:

MUS:ABOB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of AHLI BankOG was 7. The lowest was 3. And the median was 6.


AHLI BankOG Piotroski F-Score Historical Data

The historical data trend for AHLI BankOG'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.

AHLI BankOG Piotroski F-Score Chart

AHLI BankOG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 6.00 5.00 7.00

AHLI BankOG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 6.00 5.00 7.00

Competitive Comparison of AHLI BankOG's Piotroski F-Score

For the Banks - Regional subindustry, AHLI BankOG'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.


AHLI BankOG's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AHLI BankOG's Piotroski F-Score distribution charts can be found below:

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


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 8.625 + 11.572 + 10.632 + 10.833 = ر.ع41.7 Mil.
Cash Flow from Operations was -69.459 + 85.587 + -32.434 + 191.857 = ر.ع175.6 Mil.
Revenue was 24.348 + 26.284 + 27.016 + 30.672 = ر.ع108.3 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(3318.345 + 3371.753 + 3442.742 + 3468.79 + 3754.928) / 5 = ر.ع3471.3116 Mil.
Total Assets at the begining of this year (Dec23) was ر.ع3,318.3 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع4.7 Mil.
Total Assets was ر.ع3,754.9 Mil.
Total Liabilities was ر.ع3,196.9 Mil.
Net Income was 8.35 + 11.56 + 9.379 + 7.163 = ر.ع36.5 Mil.

Revenue was 23.317 + 25.728 + 24.616 + 24.861 = ر.ع98.5 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(3075.466 + 3070.289 + 3183.653 + 3154.251 + 3318.345) / 5 = ر.ع3160.4008 Mil.
Total Assets at the begining of last year (Dec22) was ر.ع3,075.5 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع42.3 Mil.
Total Assets was ر.ع3,318.3 Mil.
Total Liabilities was ر.ع2,797.0 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.

AHLI BankOG's current Net Income (TTM) was 41.7. ==> 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.

AHLI BankOG's current Cash Flow from Operations (TTM) was 175.6. ==> 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)
=41.662/3318.345
=0.01255505

ROA (Last Year)=Net Income/Total Assets (Dec22)
=36.452/3075.466
=0.01185251

AHLI BankOG's return on assets of this year was 0.01255505. AHLI BankOG's return on assets of last year was 0.01185251. ==> 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.

AHLI BankOG's current Net Income (TTM) was 41.7. AHLI BankOG's current Cash Flow from Operations (TTM) was 175.6. ==> 175.6 > 41.7 ==> 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
=4.747/3471.3116
=0.00136749

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=42.27/3160.4008
=0.01337489

AHLI BankOG's gearing of this year was 0.00136749. AHLI BankOG's gearing of last year was 0.01337489. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec24)=Total Assets/Total Liabilities
=3754.928/3196.909
=1.17454954

Current Ratio (Last Year: Dec23)=Total Assets/Total Liabilities
=3318.345/2796.951
=1.18641514

AHLI BankOG's current ratio of this year was 1.17454954. AHLI BankOG's current ratio of last year was 1.18641514. ==> 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.

AHLI BankOG's number of shares in issue this year was 2764.305. AHLI BankOG's number of shares in issue last year was 2644.678. ==> There is larger number of shares in issue this year. ==> Score 0.

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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=41.662/108.32
=0.38461965

Net Margin (Last Year: TTM)=Net Income/Revenue
=36.452/98.522
=0.36998843

AHLI BankOG's net margin of this year was 0.38461965. AHLI BankOG's net margin of last year was 0.36998843. ==> This year's net 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 (Dec23)
=108.32/3318.345
=0.03264278

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=98.522/3075.466
=0.03203482

AHLI BankOG's asset turnover of this year was 0.03264278. AHLI BankOG's asset turnover of last year was 0.03203482. ==> 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+1+1+0+0+1+1
=7

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

AHLI BankOG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

AHLI BankOG  (MUS:ABOB) 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.


AHLI BankOG Piotroski F-Score Related Terms

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AHLI BankOG Business Description

Traded in Other Exchanges
N/A
Address
Mina Al Fahal, PO Box 545, Muscat, OMN, 116
AHLI Bank SAOG provides commercial banking services and products in the Sultanate of Oman. Its products and services include Sharia compliant customer deposits, providing Sharia compliant financing based on Murabaha, investment activities and providing commercial banking. The bank is organized into two operating segments, Retail banking which includes customers' deposits, unrestricted investment account, consumer loans, overdrafts, credit card, Islamic financing and fund transfer facilities, and Wholesale banking, treasury and investment banking segment which include deposits including current accounts, term deposit, loans and advances and Islamic financing for corporate and institutional customers, Treasury, Trade Finance, and Investment Banking Services.

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