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US Silica Holdings 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

US Silica Holdings 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 US Silica Holdings's Piotroski F-Score or its related term are showing as below:

SLCA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of US Silica Holdings was 8. The lowest was 2. And the median was 5.


US Silica Holdings Piotroski F-Score Historical Data

The historical data trend for US Silica 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.

US Silica Holdings 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 7.00 4.00 2.00 4.00 5.00

US Silica Holdings 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 6.00 6.00 5.00 5.00 3.00

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, US Silica 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.

   

US Silica Holdings Piotroski F-Score Distribution

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

* The bar in red indicates where US Silica 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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was -19.995 + -19.016 + -8.393 + 22.908 = $-24 Mil.
Cash Flow from Operations was 74.829 + 12.565 + 15.079 + 88.102 = $191 Mil.
Revenue was 267.298 + 284.864 + 304.887 + 388.513 = $1,246 Mil.
Gross Profit was 59.85 + 67.273 + 78.018 + 119.617 = $325 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(2255.278 + 2240.615 + 2219.6 + 2187.697 + 2279.111) / 5 = $2236.4602 Mil.
Total Assets at the begining of this year (Jun21) was $2,255 Mil.
Long-Term Debt & Capital Lease Obligation was $1,261 Mil.
Total Current Assets was $684 Mil.
Total Current Liabilities was $248 Mil.
Net Income was -13.962 + 4.567 + -20.778 + 26.028 = $-4 Mil.

Revenue was 176.472 + 227.277 + 234.416 + 317.301 = $955 Mil.
Gross Profit was 68.88 + 85.859 + 57.427 + 124.346 = $337 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(2322.71 + 2276.647 + 2246.947 + 2218.233 + 2255.278) / 5 = $2263.963 Mil.
Total Assets at the begining of last year (Jun20) was $2,323 Mil.
Long-Term Debt & Capital Lease Obligation was $1,267 Mil.
Total Current Assets was $569 Mil.
Total Current Liabilities was $200 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.

US Silica Holdings's current Net Income (TTM) was -24. ==> 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.

US Silica Holdings's current Cash Flow from Operations (TTM) was 191. ==> 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)
=-24.496/2255.278
=-0.01086163

ROA (Last Year)=Net Income/Total Assets (Jun20)
=-4.145/2322.71
=-0.00178455

US Silica Holdings's return on assets of this year was -0.01086163. US Silica Holdings's return on assets of last year was -0.00178455. ==> 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.

US Silica Holdings's current Net Income (TTM) was -24. US Silica Holdings's current Cash Flow from Operations (TTM) was 191. ==> 191 > -24 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=1261.488/2236.4602
=0.56405564

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1267.477/2263.963
=0.55984881

US Silica Holdings's gearing of this year was 0.56405564. US Silica Holdings's gearing of last year was 0.55984881. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=684.253/248.328
=2.75544039

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=569.19/199.974
=2.84632002

US Silica Holdings's current ratio of this year was 2.75544039. US Silica Holdings's current ratio of last year was 2.84632002. ==> 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.

US Silica Holdings's number of shares in issue this year was 77.966. US Silica Holdings's number of shares in issue last year was 76.136. ==> 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
=324.758/1245.562
=0.2607321

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=336.512/955.466
=0.35219673

US Silica Holdings's gross margin of this year was 0.2607321. US Silica Holdings's gross margin of last year was 0.35219673. ==> 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 (Jun21)
=1245.562/2255.278
=0.55228757

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=955.466/2322.71
=0.41135828

US Silica Holdings's asset turnover of this year was 0.55228757. US Silica Holdings's asset turnover of last year was 0.41135828. ==> 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+0+1+0+0+0+0+1
=3

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

US Silica Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

US Silica Holdings  (NYSE:SLCA) 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.


US Silica Holdings Piotroski F-Score Related Terms

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


US Silica Holdings Business Description

US Silica Holdings logo
Traded in Other Exchanges
Address
24275 Katy Freeway, Suite 600, Katy, TX, USA, 77494
US Silica Holdings Inc is one of the leading suppliers of sand used in hydraulic fracturing of oil and gas wells. The company delivers sand in most major basins via its extensive logistics network and has an emerging last-mile logistics capability to deliver sand direct to the well site. Its operating segment includes Oil and Gas Proppants and Industrial and Specialty Products. The company generates maximum revenue from the Oil and Gas Proppants segment.
Executives
Rogers Sandra director 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Ussery James Derek officer: President Oil and Gas 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Crowder Donna Lynnette officer: SVP and CHRO 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Russell Stacy officer: SVP General Counsel 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Lind Bonnie Cruickshank director 3460 PRESTON RIDGE ROAD ALPHARETTA GA 30005
Carusona Zach officer: President Specialty Minerals 24275 KATY FREEWAY SUITE 600 KATY TX 77494
Miers Daniel Ross officer: President SandBox Logistics 1301 MCKINNEY ST STE 1800 HOUSTON TX 77010
Macan William Andrew officer: See Remarks 24275 KATY FREEWAY, SUITE 600 KATY TX 77494
Stice J Michael director 525 CENTRAL PARK DRIVE OKLAHOMA CITY OK 73105
Bernard Peter Clark director 8490 PROGRESS DRIVE SUITE 300 FREDERICK MD 21701
Shaver Charles W director C/O US SILICA 8490 PROGRESS DR. STE 300 FREDERICK MD 21701
Smith Billy Ray officer: SVP & President, Oil & Gas 8490 PROGRESS DRIVE, SUITE 300 FREDERICK MD 21701
Duren Diane K director PO BOX 45308 OMAHA NE 68145
Kacal William Jennings director 2112 INWOOD DRIVE HOUSTON TX 77019
Merril Donald A officer: EVP & Chief Financial Officer 1293 SOUTH MAIN STREET AKRON OH 44301

US Silica Holdings Headlines

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