>
Switch to:

Mongolia Growth Group Piotroski F-Score

: 5 (As of Today)
View and export this data going back to 2011. Start your Free Trial

The zones of discrimination were as such:

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

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

OTCPK:MNGGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

1
6

During the past 13 years, the highest Piotroski F-Score of Mongolia Growth Group was 6. The lowest was 1. And the median was 4.


Mongolia Growth Group Piotroski F-Score Historical Data

The historical data trend for Mongolia Growth 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.

Mongolia Growth 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 5.00 5.00 4.00 4.00 5.00

Mongolia Growth Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 4.00 5.00 6.00 5.00

Competitive Comparison

For the Real Estate Services industry, Mongolia Growth 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.

   

Mongolia Growth Group Piotroski F-Score Distribution

For the Real Estate Services industry and Real Estate sector, Mongolia Growth Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mongolia Growth 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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 0.79213907785336 + 4.1041455226794 + 4.865144402896 + 3.0744680851064 = $12.84 Mil.
Cash Flow from Operations was -0.140589569161 + -0.23733312514638 + -0.40337337894821 + -0.41980360065466 = $-1.20 Mil.
Revenue was 0.24565381708239 + 0.14286829572957 + 0.19890206062535 + 0.14648117839607 = $0.73 Mil.
Gross Profit was 0.2312925170068 + 0.12881567647748 + 0.18139867929032 + 0.13011456628478 = $0.67 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(17.286747343566 + 18.13529856387 + 21.836208915606 + 26.85734744212 + 31.874795417349) / 5 = $23.19807954 Mil.
Total Assets at the begining of this year (Jun20) was $17.29 Mil.
Long-Term Debt & Capital Lease Obligation was $0.05 Mil.
Total Current Assets was $19.59 Mil.
Total Current Liabilities was $2.64 Mil.
Net Income was -0.51280114794955 + -2.2887083301693 + -0.9297994269341 + -0.94377213695396 = $-4.68 Mil.

Revenue was 0.28547692772449 + 0.022780773027565 + 0.16117478510029 + 0.1461038961039 = $0.62 Mil.
Gross Profit was 0.26735140850389 + -0.0098716683119447 + 0.13968481375358 + 0.13872491145218 = $0.54 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(22.666114831816 + 24.123555622687 + 19.80180727466 + 18.504297994269 + 17.286747343566) / 5 = $20.47650461 Mil.
Total Assets at the begining of last year (Jun19) was $22.67 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $3.89 Mil.
Total Current Liabilities was $0.50 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.

Mongolia Growth Group's current Net Income (TTM) was 12.84. ==> 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.

Mongolia Growth Group's current Cash Flow from Operations (TTM) was -1.20. ==> 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 (Jun20)
=12.835897088535/17.286747343566
=0.74252818

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-4.6750810420069/22.666114831816
=-0.2062586

Mongolia Growth Group's return on assets of this year was 0.74252818. Mongolia Growth Group's return on assets of last year was -0.2062586. ==> 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.

Mongolia Growth Group's current Net Income (TTM) was 12.84. Mongolia Growth Group's current Cash Flow from Operations (TTM) was -1.20. ==> -1.20 <= 12.84 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=0.049099836333879/23.19807954
=0.00211655

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=0/20.47650461
=0

Mongolia Growth Group's gearing of this year was 0.00211655. Mongolia Growth Group's gearing of last year was 0. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=19.585924713584/2.6350245499182
=7.43291925

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=3.8902007083825/0.49808146399055
=7.81037037

Mongolia Growth Group's current ratio of this year was 7.43291925. Mongolia Growth Group's current ratio of last year was 7.81037037. ==> 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.

Mongolia Growth Group's number of shares in issue this year was 28.9. Mongolia Growth Group's number of shares in issue last year was 31.987. ==> 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
=0.67162143905938/0.73390535183337
=0.91513359

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.53588946539771/0.61553638195624
=0.87060567

Mongolia Growth Group's gross margin of this year was 0.91513359. Mongolia Growth Group's gross margin of last year was 0.87060567. ==> 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 (Jun20)
=0.73390535183337/17.286747343566
=0.0424548

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=0.61553638195624/22.666114831816
=0.02715668

Mongolia Growth Group's asset turnover of this year was 0.0424548. Mongolia Growth Group's asset turnover of last year was 0.02715668. ==> 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
=1+0+1+0+0+0+1+1+1
=5

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

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

Mongolia Growth Group  (OTCPK:MNGGF) 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.


Mongolia Growth Group Piotroski F-Score Related Terms

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


Mongolia Growth Group Business Description

Mongolia Growth Group logo
Industry
Real Estate » Real Estate NAICS : 531390 SIC : 7599
Traded in Other Exchanges
Address
100 King Street West, 56th Floor Suite 5600, First Canadian Place, Toronto, ON, CAN, M5X 1C9
Mongolia Growth Group Ltd is a real estate investment and development company. It owns commercial investment property assets in Ulaanbaatar, Mongolia. The company operates through two segments: Investment Property Operations and Corporate. The Investment Property operations consist of commercial and residential investment property in Mongolia held for the purposes of rental revenue, capital appreciation or redevelopment.
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)