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Country Club Hospitality & Holidays (NSE:CCHHL) Piotroski F-Score : 6 (As of May. 25, 2024)


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What is Country Club Hospitality & Holidays Piotroski F-Score?

The zones of discrimination were as such:

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

Country Club Hospitality & Holidays has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Country Club Hospitality & Holidays's Piotroski F-Score or its related term are showing as below:

NSE:CCHHL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Country Club Hospitality & Holidays was 7. The lowest was 1. And the median was 4.


Country Club Hospitality & Holidays Piotroski F-Score Historical Data

The historical data trend for Country Club Hospitality & Holidays'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.

Country Club Hospitality & Holidays Piotroski F-Score Chart

Country Club Hospitality & Holidays Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 4.00 7.00 6.00

Country Club Hospitality & Holidays 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 - 6.00 - - -

Competitive Comparison of Country Club Hospitality & Holidays's Piotroski F-Score

For the Lodging subindustry, Country Club Hospitality & Holidays'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.


Country Club Hospitality & Holidays's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Country Club Hospitality & Holidays's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Country Club Hospitality & Holidays'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was ₹126.4 Mil.
Cash Flow from Operations was ₹-653.4 Mil.
Revenue was ₹641.6 Mil.
Gross Profit was ₹339.9 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (7899.143 + 6616.105) / 2 = ₹7257.624 Mil.
Total Assets at the begining of this year (Mar22) was ₹7,899.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₹531.0 Mil.
Total Current Assets was ₹453.7 Mil.
Total Current Liabilities was ₹1,423.8 Mil.
Net Income was ₹-437.2 Mil.

Revenue was ₹568.4 Mil.
Gross Profit was ₹283.0 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (8653.466 + 7899.143) / 2 = ₹8276.3045 Mil.
Total Assets at the begining of last year (Mar21) was ₹8,653.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹906.6 Mil.
Total Current Assets was ₹733.6 Mil.
Total Current Liabilities was ₹2,294.0 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.

Country Club Hospitality & Holidays's current Net Income (TTM) was 126.4. ==> 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.

Country Club Hospitality & Holidays's current Cash Flow from Operations (TTM) was -653.4. ==> 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 (Mar22)
=126.387/7899.143
=0.01600009

ROA (Last Year)=Net Income/Total Assets (Mar21)
=-437.16/8653.466
=-0.05051849

Country Club Hospitality & Holidays's return on assets of this year was 0.01600009. Country Club Hospitality & Holidays's return on assets of last year was -0.05051849. ==> 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.

Country Club Hospitality & Holidays's current Net Income (TTM) was 126.4. Country Club Hospitality & Holidays's current Cash Flow from Operations (TTM) was -653.4. ==> -653.4 <= 126.4 ==> CFROA <= ROA ==> Score 0.

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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=530.967/7257.624
=0.07315989

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=906.616/8276.3045
=0.10954358

Country Club Hospitality & Holidays's gearing of this year was 0.07315989. Country Club Hospitality & Holidays's gearing of last year was 0.10954358. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=453.681/1423.804
=0.31864007

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=733.563/2294.042
=0.31976877

Country Club Hospitality & Holidays's current ratio of this year was 0.31864007. Country Club Hospitality & Holidays's current ratio of last year was 0.31976877. ==> 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.

Country Club Hospitality & Holidays's number of shares in issue this year was 163.465. Country Club Hospitality & Holidays's number of shares in issue last year was 163.465. ==> 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
=339.854/641.628
=0.52967452

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=282.952/568.443
=0.49776671

Country Club Hospitality & Holidays's gross margin of this year was 0.52967452. Country Club Hospitality & Holidays's gross margin of last year was 0.49776671. ==> 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 (Mar22)
=641.628/7899.143
=0.08122755

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=568.443/8653.466
=0.06568963

Country Club Hospitality & Holidays's asset turnover of this year was 0.08122755. Country Club Hospitality & Holidays's asset turnover of last year was 0.06568963. ==> 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+0+1+0+1+0+1+1+1
=6

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

Country Club Hospitality & Holidays has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Country Club Hospitality & Holidays  (NSE:CCHHL) 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.


Country Club Hospitality & Holidays Piotroski F-Score Related Terms

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Country Club Hospitality & Holidays (NSE:CCHHL) Business Description

Traded in Other Exchanges
Address
Country Club Kool, No. 6-3-1219, 4th and 5th Floor, Begumpet, Hyderabad, TG, IND, 500016
Country Club Hospitality & Holidays Ltd offers leisure hospitality services in India. It provides specialty services which include member-exclusive clubbing hubs, splendid holiday destinations, trendy fitness centers and star-studded entertainment events. The group also organizes various family amusement events including Live Musical Nights, Food Festivals, Magic shows and Tambola. It operates under the business segment of Sale of Vacation Ownership and other related services. Its business is to sell club ownership, provide tour and holiday services, accommodation services; training in recreational activities relating to art, culture and sports, fitness training and clubbing to its members for a specified period.

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