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KLX Energy Services Holdings (KLX Energy Services Holdings) Piotroski F-Score : 7 (As of Apr. 25, 2024)


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What is KLX Energy Services Holdings 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

KLX Energy Services Holdings 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 KLX Energy Services Holdings's Piotroski F-Score or its related term are showing as below:

KLXE' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 7

During the past 8 years, the highest Piotroski F-Score of KLX Energy Services Holdings was 8. The lowest was 1. And the median was 6.


KLX Energy Services Holdings Piotroski F-Score Historical Data

The historical data trend for KLX Energy Services Holdings'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.

KLX Energy Services Holdings Piotroski F-Score Chart

KLX Energy Services Holdings Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 8.00 3.00 1.00 6.00 7.00

KLX Energy Services Holdings Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 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 6.00 7.00 8.00 8.00 7.00

Competitive Comparison of KLX Energy Services Holdings's Piotroski F-Score

For the Oil & Gas Equipment & Services subindustry, KLX Energy Services Holdings'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.


KLX Energy Services Holdings's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, KLX Energy Services Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where KLX Energy Services Holdings'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 9.4 + 11.4 + 7.6 + -9.2 = $19.2 Mil.
Cash Flow from Operations was -8.6 + 60 + 25.6 + 38.6 = $115.6 Mil.
Revenue was 239.6 + 234 + 220.6 + 194.2 = $888.4 Mil.
Gross Profit was 58.7 + 60.7 + 54.4 + 42.1 = $215.9 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(465.9 + 515.9 + 526.5 + 524.3 + 539.8) / 5 = $514.48 Mil.
Total Assets at the begining of this year (Dec22) was $465.9 Mil.
Long-Term Debt & Capital Lease Obligation was $336.5 Mil.
Total Current Assets was $290.3 Mil.
Total Current Liabilities was $164.1 Mil.
Net Income was -19.9 + -7.5 + 11.1 + 13.2 = $-3.1 Mil.

Revenue was 152.3 + 184.4 + 221.6 + 223.3 = $781.6 Mil.
Gross Profit was 17.3 + 33.5 + 52.8 + 56.7 = $160.3 Mil.
Average Total Assets from the begining of last year (Oct21)
to the end of last year (Dec22) was
(354.8 + 379.5 + 415.4 + 440.1 + 465.9) / 5 = $411.14 Mil.
Total Assets at the begining of last year (Oct21) was $354.8 Mil.
Long-Term Debt & Capital Lease Obligation was $326.5 Mil.
Total Current Assets was $254.7 Mil.
Total Current Liabilities was $154.4 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.

KLX Energy Services Holdings's current Net Income (TTM) was 19.2. ==> 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.

KLX Energy Services Holdings's current Cash Flow from Operations (TTM) was 115.6. ==> 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 (Dec22)
=19.2/465.9
=0.04121056

ROA (Last Year)=Net Income/Total Assets (Oct21)
=-3.1/354.8
=-0.00873732

KLX Energy Services Holdings's return on assets of this year was 0.04121056. KLX Energy Services Holdings's return on assets of last year was -0.00873732. ==> 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.

KLX Energy Services Holdings's current Net Income (TTM) was 19.2. KLX Energy Services Holdings's current Cash Flow from Operations (TTM) was 115.6. ==> 115.6 > 19.2 ==> 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
=336.5/514.48
=0.65405847

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Dec22
=326.5/411.14
=0.79413339

KLX Energy Services Holdings's gearing of this year was 0.65405847. KLX Energy Services Holdings's gearing of last year was 0.79413339. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=290.3/164.1
=1.76904327

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=254.7/154.4
=1.6496114

KLX Energy Services Holdings's current ratio of this year was 1.76904327. KLX Energy Services Holdings's current ratio of last year was 1.6496114. ==> 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.

KLX Energy Services Holdings's number of shares in issue this year was 16.2. KLX Energy Services Holdings's number of shares in issue last year was 12.2. ==> 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
=215.9/888.4
=0.24302116

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=160.3/781.6
=0.20509212

KLX Energy Services Holdings's gross margin of this year was 0.24302116. KLX Energy Services Holdings's gross margin of last year was 0.20509212. ==> 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)
=888.4/465.9
=1.90684696

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct21)
=781.6/354.8
=2.20293123

KLX Energy Services Holdings's asset turnover of this year was 1.90684696. KLX Energy Services Holdings's asset turnover of last year was 2.20293123. ==> 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+1+1+1+1+0+1+0
=7

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

KLX Energy Services Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

KLX Energy Services Holdings  (NAS:KLXE) 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.


KLX Energy Services Holdings Piotroski F-Score Related Terms

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KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Traded in Other Exchanges
Address
3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056
KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.
Executives
Christopher J. Baker officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford officer: Chief Accouting Officer 4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette officer: See Remarks C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter 10 percent owner 200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp 10 percent owner 185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr director, 10 percent owner, other: Member of 10% owner group 601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates director 1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109

KLX Energy Services Holdings (KLX Energy Services Holdings) Headlines

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