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Marine Products 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

Marine Products 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 Marine Products's Piotroski F-Score or its related term are showing as below:

MPX' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Marine Products was 9. The lowest was 1. And the median was 7.


Marine Products Piotroski F-Score Historical Data

The historical data trend for Marine Products'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.

Marine Products Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 8.00 7.00 4.00 7.00

Marine Products Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 7.00 6.00 7.00 4.00 5.00

Competitive Comparison

For the Recreational Vehicles subindustry, Marine Products'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.

   

Marine Products Piotroski F-Score Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Marine Products's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Marine Products'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 6.687 + 8.448 + 7.063 + 9.955 = $32.2 Mil.
Cash Flow from Operations was -14.724 + 9.078 + 4.519 + 12.638 = $11.5 Mil.
Revenue was 75.843 + 76.537 + 76.612 + 95.813 = $324.8 Mil.
Gross Profit was 16.044 + 19.158 + 18.395 + 22.997 = $76.6 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(136.257 + 139.792 + 132.841 + 141.671 + 149.603) / 5 = $140.0328 Mil.
Total Assets at the begining of this year (Jun21) was $136.3 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $112.4 Mil.
Total Current Liabilities was $26.5 Mil.
Net Income was 6.535 + 6.994 + 8.097 + 5.794 = $27.4 Mil.

Revenue was 68.778 + 71.11 + 78.375 + 67.259 = $285.5 Mil.
Gross Profit was 16.236 + 17.431 + 18.462 + 14.608 = $66.7 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(110.88 + 117.471 + 119.422 + 130.165 + 136.257) / 5 = $122.839 Mil.
Total Assets at the begining of last year (Jun20) was $110.9 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $96.4 Mil.
Total Current Liabilities was $30.1 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.

Marine Products's current Net Income (TTM) was 32.2. ==> 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.

Marine Products's current Cash Flow from Operations (TTM) was 11.5. ==> 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 (Jun21)
=32.153/136.257
=0.2359732

ROA (Last Year)=Net Income/Total Assets (Jun20)
=27.42/110.88
=0.24729437

Marine Products's return on assets of this year was 0.2359732. Marine Products's return on assets of last year was 0.24729437. ==> Last year is higher ==> Score 0.

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.

Marine Products's current Net Income (TTM) was 32.2. Marine Products's current Cash Flow from Operations (TTM) was 11.5. ==> 11.5 <= 32.2 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=0/140.0328
=0

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=0/122.839
=0

Marine Products's gearing of this year was 0. Marine Products's gearing of last year was 0. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=112.395/26.485
=4.24372286

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=96.417/30.064
=3.20705828

Marine Products's current ratio of this year was 4.24372286. Marine Products's current ratio of last year was 3.20705828. ==> 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.

Marine Products's number of shares in issue this year was 33.448. Marine Products's number of shares in issue last year was 33.321. ==> 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
=76.594/324.805
=0.23581534

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=66.737/285.522
=0.2337368

Marine Products's gross margin of this year was 0.23581534. Marine Products's gross margin of last year was 0.2337368. ==> 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 (Jun21)
=324.805/136.257
=2.38376744

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=285.522/110.88
=2.57505411

Marine Products's asset turnover of this year was 2.38376744. Marine Products's asset turnover of last year was 2.57505411. ==> 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+0+0+1+1+0+1+0
=5

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

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

Marine Products  (NYSE:MPX) 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.


Marine Products Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Marine Products's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Marine Products Business Description

Marine Products logo
Traded in Other Exchanges
N/A
Address
2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
Executives
Schmit Michael officer: CFO and Corporate Secretary 3055 TORRINGTON DRIVE BALL GROUND GA 30107
Wilson John F director 2170 PIEDMONT ROAD, NE ATLANTA GA 30324
Gunning Patrick J. director 1958 CALDER COURT DUNWOODY GA 30338
Bell Susan R. director 852 CASTLE FALLS DR. ATLANTA GA 30329
Cynkus Harry J director 2170 PIEDMONT RD ATLANTA GA 30324
Nix Jerry W director 2999 WILDWOOD PARKWAY ATLANTA GA 30339
2007 Gwr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
1997 Rrr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins Voting Trust U/a Dated August 25, 1994 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins 2012 Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY, NE ATLANTA GA 30329
Wneg Investments, L.p. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Gary W. Rollins Revocable Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rctlor, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rft Investment Company, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rollins Holding Company, Inc. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329

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