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Galaxy Entertainment Group 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

Galaxy Entertainment Group 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 Galaxy Entertainment Group's Piotroski F-Score or its related term are showing as below:

OTCPK:GXYYY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 3

2
7

During the past 13 years, the highest Piotroski F-Score of Galaxy Entertainment Group was 7. The lowest was 2. And the median was 6.


Galaxy Entertainment Group Piotroski F-Score Historical Data

The historical data trend for Galaxy Entertainment Group'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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 6.00 5.00 3.00

Galaxy Entertainment Group 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 - 5.00 - 3.00 -

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment Group'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.

   

Galaxy Entertainment Group Piotroski F-Score Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Galaxy Entertainment Group'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 (Dec20) TTM:Last Year (Dec19) TTM:
Net Income was $-513 Mil.
Cash Flow from Operations was $-984 Mil.
Revenue was $1,661 Mil.
Gross Profit was $931 Mil.
Average Total Assets from the begining of this year (Dec19)
to the end of this year (Dec20) was (12261.665961945 + 11961.813103884) / 2 = $12111.739532915 Mil.
Total Assets at the begining of this year (Dec19) was $12,262 Mil.
Long-Term Debt & Capital Lease Obligation was $38 Mil.
Total Current Assets was $2,639 Mil.
Total Current Liabilities was $3,081 Mil.
Net Income was $1,671 Mil.

Revenue was $6,650 Mil.
Gross Profit was $3,630 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec19) was (11175.260378034 + 12261.665961945) / 2 = $11718.46316999 Mil.
Total Assets at the begining of last year (Dec18) was $11,175 Mil.
Long-Term Debt & Capital Lease Obligation was $41 Mil.
Total Current Assets was $2,501 Mil.
Total Current Liabilities was $2,648 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.

Galaxy Entertainment Group's current Net Income (TTM) was -513. ==> 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.

Galaxy Entertainment Group's current Cash Flow from Operations (TTM) was -984. ==> Negative ==> Score 0.

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 (Dec19)
=-512.52957339491/12261.665961945
=-0.04179934

ROA (Last Year)=Net Income/Total Assets (Dec18)
=1671.028893587/11175.260378034
=0.1495293

Galaxy Entertainment Group's return on assets of this year was -0.04179934. Galaxy Entertainment Group's return on assets of last year was 0.1495293. ==> 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.

Galaxy Entertainment Group's current Net Income (TTM) was -513. Galaxy Entertainment Group's current Cash Flow from Operations (TTM) was -984. ==> -984 <= -513 ==> 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: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=38.283904591132/12111.739532915
=0.00316089

Gearing (Last Year: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=40.947914664617/11718.46316999
=0.00349431

Galaxy Entertainment Group's gearing of this year was 0.00316089. Galaxy Entertainment Group's gearing of last year was 0.00349431. ==> 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: Dec20)=Total Current Assets/Total Current Liabilities
=2639.3632528799/3081.4838942711
=0.85652346

Current Ratio (Last Year: Dec19)=Total Current Assets/Total Current Liabilities
=2500.6664104043/2648.1632391569
=0.94430221

Galaxy Entertainment Group's current ratio of this year was 0.85652346. Galaxy Entertainment Group's current ratio of last year was 0.94430221. ==> 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.

Galaxy Entertainment Group's number of shares in issue this year was 867.564. Galaxy Entertainment Group's number of shares in issue last year was 869.338. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=931.32715850308/1661.0249100221
=0.56069428

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3629.6596835159/6650.2647190723
=0.54579176

Galaxy Entertainment Group's gross margin of this year was 0.56069428. Galaxy Entertainment Group's gross margin of last year was 0.54579176. ==> 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 (Dec19)
=1661.0249100221/12261.665961945
=0.13546486

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=6650.2647190723/11175.260378034
=0.59508812

Galaxy Entertainment Group's asset turnover of this year was 0.13546486. Galaxy Entertainment Group's asset turnover of last year was 0.59508812. ==> 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+0+0+0+1+0+1+1+0
=3

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

Galaxy Entertainment Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Galaxy Entertainment Group  (OTCPK:GXYYY) 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.


Galaxy Entertainment Group Piotroski F-Score Related Terms

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


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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