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DonkeyRepublic Holding AS (OCSE:DONKEY) Piotroski F-Score : 6 (As of Apr. 23, 2025)


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What is DonkeyRepublic Holding AS 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

DonkeyRepublic Holding AS 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 DonkeyRepublic Holding AS's Piotroski F-Score or its related term are showing as below:

OCSE:DONKEY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of DonkeyRepublic Holding AS was 7. The lowest was 2. And the median was 5.


DonkeyRepublic Holding AS Piotroski F-Score Historical Data

The historical data trend for DonkeyRepublic Holding AS'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.

DonkeyRepublic Holding AS Piotroski F-Score Chart

DonkeyRepublic Holding AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 4.00 5.00 2.00 7.00 6.00

DonkeyRepublic Holding AS Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 - 7.00 - 6.00

Competitive Comparison of DonkeyRepublic Holding AS's Piotroski F-Score

For the Rental & Leasing Services subindustry, DonkeyRepublic Holding AS'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.


DonkeyRepublic Holding AS's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DonkeyRepublic Holding AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where DonkeyRepublic Holding AS's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was kr-9.8 Mil.
Cash Flow from Operations was kr22.7 Mil.
Revenue was kr146.6 Mil.
Gross Profit was kr104.7 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (171.444 + 169.96) / 2 = kr170.702 Mil.
Total Assets at the begining of this year (Dec23) was kr171.4 Mil.
Long-Term Debt & Capital Lease Obligation was kr32.1 Mil.
Total Current Assets was kr52.4 Mil.
Total Current Liabilities was kr52.8 Mil.
Net Income was kr-23.1 Mil.

Revenue was kr114.8 Mil.
Gross Profit was kr73.0 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (175.215 + 171.444) / 2 = kr173.3295 Mil.
Total Assets at the begining of last year (Dec22) was kr175.2 Mil.
Long-Term Debt & Capital Lease Obligation was kr53.8 Mil.
Total Current Assets was kr58.6 Mil.
Total Current Liabilities was kr58.0 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.

DonkeyRepublic Holding AS's current Net Income (TTM) was -9.8. ==> 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.

DonkeyRepublic Holding AS's current Cash Flow from Operations (TTM) was 22.7. ==> 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 (Dec23)
=-9.752/171.444
=-0.05688155

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-23.083/175.215
=-0.131741

DonkeyRepublic Holding AS's return on assets of this year was -0.05688155. DonkeyRepublic Holding AS's return on assets of last year was -0.131741. ==> 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.

DonkeyRepublic Holding AS's current Net Income (TTM) was -9.8. DonkeyRepublic Holding AS's current Cash Flow from Operations (TTM) was 22.7. ==> 22.7 > -9.8 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=32.079/170.702
=0.18792398

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=53.821/173.3295
=0.31051264

DonkeyRepublic Holding AS's gearing of this year was 0.18792398. DonkeyRepublic Holding AS's gearing of last year was 0.31051264. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=52.399/52.782
=0.99274374

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=58.61/58.008
=1.01037788

DonkeyRepublic Holding AS's current ratio of this year was 0.99274374. DonkeyRepublic Holding AS's current ratio of last year was 1.01037788. ==> 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.

DonkeyRepublic Holding AS's number of shares in issue this year was 23.564. DonkeyRepublic Holding AS's number of shares in issue last year was 15.465. ==> 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
=104.737/146.617
=0.71435782

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=73.006/114.792
=0.63598509

DonkeyRepublic Holding AS's gross margin of this year was 0.71435782. DonkeyRepublic Holding AS's gross margin of last year was 0.63598509. ==> 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 (Dec23)
=146.617/171.444
=0.85518887

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=114.792/175.215
=0.65514939

DonkeyRepublic Holding AS's asset turnover of this year was 0.85518887. DonkeyRepublic Holding AS's asset turnover of last year was 0.65514939. ==> 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+1+1+1+0+0+1+1
=6

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

DonkeyRepublic Holding AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.

DonkeyRepublic Holding AS  (OCSE:DONKEY) 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.


DonkeyRepublic Holding AS Piotroski F-Score Related Terms

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DonkeyRepublic Holding AS Business Description

Traded in Other Exchanges
Address
Skelbaekgade 4, 4. sal, Copenhagen, DNK, 1717
DonkeyRepublic Holding AS is a data-driven technology company facilitating bike sharing and is able to provide cities and citizens with a reliable bike-sharing service. It offers its customers a one-stop shop for bike-sharing, including bike-sharing software, pedal bikes, and e-bikes with related hardware, operations and support services.

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