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Ocean Group JSC (STC:OGC) Piotroski F-Score : 5 (As of Dec. 11, 2024)


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What is Ocean Group JSC 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

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

STC:OGC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ocean Group JSC was 9. The lowest was 1. And the median was 5.


Ocean Group JSC Piotroski F-Score Historical Data

The historical data trend for Ocean Group JSC'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.

Ocean Group JSC Piotroski F-Score Chart

Ocean Group JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 2.00 7.00 5.00

Ocean Group JSC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial 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 8.00 5.00 5.00 3.00 5.00

Competitive Comparison of Ocean Group JSC's Piotroski F-Score

For the Conglomerates subindustry, Ocean Group JSC'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.


Ocean Group JSC's Piotroski F-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ocean Group JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ocean Group JSC'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -12301.058 + -836.422 + 6988.613 + 28509.169 = ₫22,360 Mil.
Cash Flow from Operations was 139435.598 + -79080.26 + -28673.025 + 151482.83 = ₫183,165 Mil.
Revenue was 134225.612 + 120312.4 + 164100.239 + 581309.077 = ₫999,947 Mil.
Gross Profit was 38054.665 + 30771.829 + 57189.387 + 346261.114 = ₫472,277 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(3317215.808 + 4767834.482 + 4682468.497 + 4690135.328 + 4815396.549) / 5 = ₫4454610.1328 Mil.
Total Assets at the begining of this year (Sep23) was ₫3,317,216 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,330,000 Mil.
Total Current Assets was ₫765,240 Mil.
Total Current Liabilities was ₫1,077,251 Mil.
Net Income was -909.735 + -3291.781 + 18025.504 + 74777.822 = ₫88,602 Mil.

Revenue was 164494.607 + 131979.351 + 148859.646 + 569238.75 = ₫1,014,572 Mil.
Gross Profit was 54526.924 + 37735.876 + 49883.147 + 330632.771 = ₫472,779 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(3116501.417 + 2986913.516 + 2968806.838 + 2998494.794 + 3317215.808) / 5 = ₫3077586.4746 Mil.
Total Assets at the begining of last year (Sep22) was ₫3,116,501 Mil.
Long-Term Debt & Capital Lease Obligation was ₫132,331 Mil.
Total Current Assets was ₫1,593,155 Mil.
Total Current Liabilities was ₫967,054 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.

Ocean Group JSC's current Net Income (TTM) was 22,360. ==> 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.

Ocean Group JSC's current Cash Flow from Operations (TTM) was 183,165. ==> 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 (Sep23)
=22360.302/3317215.808
=0.00674068

ROA (Last Year)=Net Income/Total Assets (Sep22)
=88601.81/3116501.417
=0.0284299

Ocean Group JSC's return on assets of this year was 0.00674068. Ocean Group JSC's return on assets of last year was 0.0284299. ==> 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.

Ocean Group JSC's current Net Income (TTM) was 22,360. Ocean Group JSC's current Cash Flow from Operations (TTM) was 183,165. ==> 183,165 > 22,360 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1330000/4454610.1328
=0.29856709

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=132331.167/3077586.4746
=0.04299836

Ocean Group JSC's gearing of this year was 0.29856709. Ocean Group JSC's gearing of last year was 0.04299836. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=765239.716/1077250.807
=0.71036356

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1593155.177/967053.971
=1.6474315

Ocean Group JSC's current ratio of this year was 0.71036356. Ocean Group JSC's current ratio of last year was 1.6474315. ==> 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.

Ocean Group JSC's number of shares in issue this year was 300.097. Ocean Group JSC's number of shares in issue last year was 305.216. ==> 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
=472276.995/999947.328
=0.47230187

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=472778.718/1014572.354
=0.46598817

Ocean Group JSC's gross margin of this year was 0.47230187. Ocean Group JSC's gross margin of last year was 0.46598817. ==> 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 (Sep23)
=999947.328/3317215.808
=0.30144175

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1014572.354/3116501.417
=0.3255485

Ocean Group JSC's asset turnover of this year was 0.30144175. Ocean Group JSC's asset turnover of last year was 0.3255485. ==> 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+0+0+1+1+0
=5

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

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

Ocean Group JSC  (STC:OGC) 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.


Ocean Group JSC Piotroski F-Score Related Terms

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Ocean Group JSC Business Description

Traded in Other Exchanges
N/A
Address
No. 01 Trung Hoa, Ocean office building, Cau Giay, Hanoi, VNM
Ocean Group JSC is a Vietnam based company engaged in the business fields of Financial business, Hotel business; Real estate business; and BOT Investment. In the Financial business, the group provides a full range of professional securities services in the capital market, including securities brokerage, securities depository, and securities investment advisory service.

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