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Dawson Geophysical Co (Dawson Geophysical Co) Piotroski F-Score

: 5 (As of Today)
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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

Dawson Geophysical Co 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 Dawson Geophysical Co's Piotroski F-Score or its related term are showing as below:

DWSN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of Dawson Geophysical Co was 6. The lowest was 1. And the median was 4.


Dawson Geophysical Co Piotroski F-Score Historical Data

The historical data trend for Dawson Geophysical Co'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.

Dawson Geophysical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 1.00 3.00 5.00

Dawson Geophysical Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.00 4.00 5.00 4.00 5.00

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, Dawson Geophysical Co'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.


Dawson Geophysical Co Piotroski F-Score Distribution

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

* The bar in red indicates where Dawson Geophysical Co'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -0.413 + -4.43 + -5.198 + -2.106 = $-12.15 Mil.
Cash Flow from Operations was -1.82 + 7.571 + -3.289 + -1.648 = $0.81 Mil.
Revenue was 29.408 + 20.219 + 22.961 + 24.258 = $96.85 Mil.
Gross Profit was 26.708 + 18.106 + 20.947 + -65.451 = $0.31 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(68.673 + 65.653 + 61.08 + 52.901 + 57.519) / 5 = $61.1652 Mil.
Total Assets at the begining of this year (Dec22) was $68.67 Mil.
Long-Term Debt & Capital Lease Obligation was $3.65 Mil.
Total Current Assets was $37.43 Mil.
Total Current Liabilities was $22.42 Mil.
Net Income was -1.385 + -7.579 + -6.912 + -2.769 = $-18.65 Mil.

Revenue was 21.934 + 4.765 + 7.429 + 17.502 = $51.63 Mil.
Gross Profit was 18.833 + 1.755 + 4.568 + -31.902 = $-6.75 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(74.038 + 71.225 + 62.031 + 58.488 + 68.673) / 5 = $66.891 Mil.
Total Assets at the begining of last year (Dec21) was $74.04 Mil.
Long-Term Debt & Capital Lease Obligation was $3.54 Mil.
Total Current Assets was $43.83 Mil.
Total Current Liabilities was $16.19 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.

Dawson Geophysical Co's current Net Income (TTM) was -12.15. ==> 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.

Dawson Geophysical Co's current Cash Flow from Operations (TTM) was 0.81. ==> 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 (Dec22)
=-12.147/68.673
=-0.17688174

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-18.645/74.038
=-0.25183014

Dawson Geophysical Co's return on assets of this year was -0.17688174. Dawson Geophysical Co's return on assets of last year was -0.25183014. ==> 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.

Dawson Geophysical Co's current Net Income (TTM) was -12.15. Dawson Geophysical Co's current Cash Flow from Operations (TTM) was 0.81. ==> 0.81 > -12.15 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3.652/61.1652
=0.05970715

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=3.538/66.891
=0.05289202

Dawson Geophysical Co's gearing of this year was 0.05970715. Dawson Geophysical Co's gearing of last year was 0.05289202. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=37.426/22.418
=1.66946204

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=43.826/16.194
=2.70631098

Dawson Geophysical Co's current ratio of this year was 1.66946204. Dawson Geophysical Co's current ratio of last year was 2.70631098. ==> 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.

Dawson Geophysical Co's number of shares in issue this year was 30.857. Dawson Geophysical Co's number of shares in issue last year was 25.171. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0.31000000000001/96.846
=0.00320096

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-6.746/51.63
=-0.13066047

Dawson Geophysical Co's gross margin of this year was 0.00320096. Dawson Geophysical Co's gross margin of last year was -0.13066047. ==> 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 (Dec22)
=96.846/68.673
=1.41024857

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=51.63/74.038
=0.69734461

Dawson Geophysical Co's asset turnover of this year was 1.41024857. Dawson Geophysical Co's asset turnover of last year was 0.69734461. ==> 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+1+1+1+0+0+0+1+1
=5

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

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

Dawson Geophysical Co  (NAS:DWSN) 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.


Dawson Geophysical Co Piotroski F-Score Related Terms

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Dawson Geophysical Co (Dawson Geophysical Co) Business Description

Traded in Other Exchanges
Address
508 West Wall, Suite 800, Midland, TX, USA, 79701
Dawson Geophysical Co is a provider of onshore seismic data acquisition services with operations throughout the continental United States and Canada. The company acquires and processes 2 D, 3 D, and multi-component seismic data for clients, ranging from oil and gas companies to independent oil and gas operators for use in the onshore drilling and production of oil and natural gas as well as provides multi-client data libraries. It operates through a single segment being Contract seismic data acquisition and processing services. In addition, the company provides multi-component seismic data surveys which involve the recording of alternative seismic waves. Geographically, it generates maximum revenue from the United States.
Executives
William Anthony Clark officer: EVP & Chief Business Officer 13927 S. GESSNER RD, MISSOURI CITY TX 77489
Wilks Brothers, Llc 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Bruce Franklin Bradley director 3815 BRADLEY LANE, CHEVY CHASE MD 20815
Wb Acquisitions Inc. 10 percent owner 17010 INTERSTATE HIGHWAY 20, CISCO TX 76437
Matthew Wilks director 17010 IH-20, CISCO TX 76437
Staci Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Dan H. Wilks 10 percent owner 17018 INTERSTATE 20, CISCO TX 76437
Sergei Krylov director 6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
C Ray Tobias officer: EVP, Chief Operating Officer 508 WEST WALL SUITE 800, MIDLAND TX 79701
Stephen C Jumper director, officer: President and CEO 508 WEST WALL, SUITE 800, MIDLAND TX 79701
James W Thomas officer: EVP, Chief Technical Officer 508 W WALL, SUITE 800, MIDLAND TX 79701
William J Barrett director 210 SUNDIAL COURT, VERO BEACH FL 32963
Michael L Klofas director 64 WINDHAM DRIVE, EAST LONGMEADOW MA 01028
Allen T Mcinnes director, 10 percent owner, officer: Chairman of the Board & Secy. 4532 7TH STREET, LUBBOCK TX 79416