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Emeco Holdings 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

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

OTCPK:EOHDF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

4
8

During the past 13 years, the highest Piotroski F-Score of Emeco Holdings was 8. The lowest was 4. And the median was 6.


Emeco Holdings Piotroski F-Score Historical Data

The historical data trend for Emeco 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.

Emeco Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 8.00 6.00 8.00 5.00

Emeco Holdings Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 - 8.00 - 5.00

Competitive Comparison

For the Rental & Leasing Services subindustry, Emeco 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.

   

Emeco Holdings Piotroski F-Score Distribution

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

* The bar in red indicates where Emeco 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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was $15.8 Mil.
Cash Flow from Operations was $157.2 Mil.
Revenue was $474.4 Mil.
Gross Profit was $284.9 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was (751.27053140097 + 738.18348623853) / 2 = $744.72700881975 Mil.
Total Assets at the begining of this year (Jun20) was $751.3 Mil.
Long-Term Debt & Capital Lease Obligation was $218.5 Mil.
Total Current Assets was $174.8 Mil.
Total Current Liabilities was $112.9 Mil.
Net Income was $45.6 Mil.

Revenue was $373.0 Mil.
Gross Profit was $233.2 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was (533.79791666667 + 751.27053140097) / 2 = $642.53422403382 Mil.
Total Assets at the begining of last year (Jun19) was $533.8 Mil.
Long-Term Debt & Capital Lease Obligation was $343.0 Mil.
Total Current Assets was $229.9 Mil.
Total Current Liabilities was $161.3 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.

Emeco Holdings's current Net Income (TTM) was 15.8. ==> 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.

Emeco Holdings's current Cash Flow from Operations (TTM) was 157.2. ==> 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 (Jun20)
=15.821865443425/751.27053140097
=0.02106014

ROA (Last Year)=Net Income/Total Assets (Jun19)
=45.63768115942/533.79791666667
=0.08549618

Emeco Holdings's return on assets of this year was 0.02106014. Emeco Holdings's return on assets of last year was 0.08549618. ==> 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.

Emeco Holdings's current Net Income (TTM) was 15.8. Emeco Holdings's current Cash Flow from Operations (TTM) was 157.2. ==> 157.2 > 15.8 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=218.50993883792/744.72700881975
=0.29340945

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=343.01518288475/642.53422403382
=0.53384733

Emeco Holdings's gearing of this year was 0.29340945. Emeco Holdings's gearing of last year was 0.53384733. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=174.80351681957/112.89908256881
=1.54831654

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=229.94824016563/161.30779848171
=1.42552463

Emeco Holdings's current ratio of this year was 1.54831654. Emeco Holdings's current ratio of last year was 1.42552463. ==> 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.

Emeco Holdings's number of shares in issue this year was 522.601. Emeco Holdings's number of shares in issue last year was 353.884. ==> 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
=284.92048929664/474.40978593272
=0.60057886

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=233.2160110421/372.966873706
=0.62529953

Emeco Holdings's gross margin of this year was 0.60057886. Emeco Holdings's gross margin of last year was 0.62529953. ==> 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 (Jun20)
=474.40978593272/751.27053140097
=0.63147663

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=372.966873706/533.79791666667
=0.69870425

Emeco Holdings's asset turnover of this year was 0.63147663. Emeco Holdings's asset turnover of last year was 0.69870425. ==> 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+1+1+1+0+0+0
=5

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

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

Emeco Holdings  (OTCPK:EOHDF) 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.


Emeco Holdings Piotroski F-Score Related Terms

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Emeco Holdings Business Description

Emeco Holdings logo
Industry
Traded in Other Exchanges
Address
Level 3, 71 Walters Drive, Osborne Park, Perth, WA, AUS, 6017
Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are Australian Rental that provides a wide range of earthmoving equipment to customers in Australia, Australian Workshops which is engaged in providing maintenance services to customers in Australia and Pit N Portal which provides a range of mining services solutions and associated services to customers in Australia.. The company generates a majority of its revenue from the Australian Rental Segment. Geographically, it generates a majority of its revenue from Australia.

Emeco Holdings Headlines

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