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Helmerich & Payne Piotroski F-Score

: 3 (As of Today)
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Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

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 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Helmerich & Payne's Piotroski F-Score or its related term are showing as below:

NYSE:HP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 3

2
9

During the past 13 years, the highest Piotroski F-Score of Helmerich & Payne was 9. The lowest was 2. And the median was 5.


Helmerich & Payne Piotroski F-Score Historical Data

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.

* Premium members only.

Helmerich & Payne Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 6.00 5.00 4.00 3.00

Helmerich & Payne Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 5.00 3.00 3.00

Competitive Comparison

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.

   

Helmerich & Payne Piotroski F-Score Distribution

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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was -70.431 + -121.003 + -55.555 + -79.161 = $-326 Mil.
Cash Flow from Operations was -19.604 + 78.406 + 31.019 + 46.619 = $136 Mil.
Revenue was 246.377 + 296.171 + 332.213 + 343.807 = $1,219 Mil.
Gross Profit was -60.535 + -41.833 + -29.232 + -27.296 = $-159 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(4829.621 + 4726.753 + 4588.104 + 4495.285 + 5034.128) / 5 = $4734.7782 Mil.
Total Assets at the begining of this year (Sep20) was $4,830 Mil.
Long-Term Debt & Capital Lease Obligation was $580 Mil.
Total Current Assets was $1,587 Mil.
Total Current Liabilities was $866 Mil.
Net Income was 30.605 + -420.54 + -45.599 + -58.963 = $-494 Mil.

Revenue was 614.657 + 633.639 + 317.364 + 208.267 = $1,774 Mil.
Gross Profit was 83.775 + 82.575 + 0.456 + -65.329 = $101 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(5839.515 + 5841.51 + 5176.754 + 4962.326 + 4829.621) / 5 = $5329.9452 Mil.
Total Assets at the begining of last year (Sep19) was $5,840 Mil.
Long-Term Debt & Capital Lease Obligation was $515 Mil.
Total Current Assets was $963 Mil.
Total Current Liabilities was $219 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 -326. ==> 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.

Helmerich & Payne's current Cash Flow from Operations (TTM) was 136. ==> 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 (Sep20)
=-326.15/4829.621
=-0.06753118

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-494.497/5839.515
=-0.08468118

Helmerich & Payne's return on assets of this year was -0.06753118. Helmerich & Payne's return on assets of last year was -0.08468118. ==> 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.

Helmerich & Payne's current Net Income (TTM) was -326. Helmerich & Payne's current Cash Flow from Operations (TTM) was 136. ==> 136 > -326 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=579.861/4734.7782
=0.12246846

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=514.613/5329.9452
=0.09655127

Helmerich & Payne's gearing of this year was 0.12246846. Helmerich & Payne's gearing of last year was 0.09655127. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=1586.566/866.306
=1.83141523

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=963.327/219.136
=4.39602347

Helmerich & Payne's current ratio of this year was 1.83141523. Helmerich & Payne's current ratio of last year was 4.39602347. ==> 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.

Helmerich & Payne's number of shares in issue this year was 107.902. Helmerich & Payne's number of shares in issue last year was 107.481. ==> 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
=-158.896/1218.568
=-0.13039568

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=101.477/1773.927
=0.05720472

Helmerich & Payne's gross margin of this year was -0.13039568. Helmerich & Payne's gross margin of last year was 0.05720472. ==> 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 (Sep20)
=1218.568/4829.621
=0.25231131

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=1773.927/5839.515
=0.30377985

Helmerich & Payne's asset turnover of this year was 0.25231131. Helmerich & Payne's asset turnover of last year was 0.30377985. ==> 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
=0+1+1+1+0+0+0+0+0
=3

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

Helmerich & Payne has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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.


Helmerich & Payne Piotroski F-Score Related Terms

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Helmerich & Payne Business Description

Helmerich & Payne logo
Industry
Energy » Oil & Gas NAICS : 213111 SIC : 1381
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Adams Raymond John Iii officer: VP Digital Ops Marketing Sales 1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W. officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon director 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr director MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison director 524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G. director 502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A. director 1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D director 7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A director 15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr director 1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M director 1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard officer: President of H&P Technologies 1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R. officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119

Helmerich & Payne Headlines

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