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Crew Energy (STU:C5X) Piotroski F-Score : 3 (As of May. 14, 2024)


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What is Crew Energy Piotroski F-Score?

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

Crew Energy 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 Crew Energy's Piotroski F-Score or its related term are showing as below:

STU:C5X' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Crew Energy was 9. The lowest was 2. And the median was 5.


Crew Energy Piotroski F-Score Historical Data

The historical data trend for Crew Energy'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.

Crew Energy Piotroski F-Score Chart

Crew Energy 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 5.00 3.00 5.00 9.00 5.00

Crew Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.00 4.00 5.00 3.00

Competitive Comparison of Crew Energy's Piotroski F-Score

For the Oil & Gas E&P subindustry, Crew Energy'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.


Crew Energy's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Crew Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Crew Energy'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 23.432 + 3.378 + 27.158 + 7.222 = €61.2 Mil.
Cash Flow from Operations was 48.597 + 31.893 + 40.137 + 31.27 = €151.9 Mil.
Revenue was 47.803 + 50.344 + 63.527 + 58.74 = €220.4 Mil.
Gross Profit was 21.293 + 24.158 + 35.318 + 30.868 = €111.6 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1126.506 + 1076.505 + 1120.396 + 1144.794 + 1166.641) / 5 = €1126.9684 Mil.
Total Assets at the begining of this year (Mar23) was €1,126.5 Mil.
Long-Term Debt & Capital Lease Obligation was €72.3 Mil.
Total Current Assets was €21.1 Mil.
Total Current Liabilities was €40.1 Mil.
Net Income was 65.531 + 80.002 + 49.603 + 28.228 = €223.4 Mil.

Revenue was 148.64 + 102.185 + 96.623 + 70.196 = €417.6 Mil.
Gross Profit was 111.256 + 59.853 + 58.896 + 38.219 = €268.2 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1099.305 + 1128.108 + 1158.971 + 1133.713 + 1126.506) / 5 = €1129.3206 Mil.
Total Assets at the begining of last year (Mar22) was €1,099.3 Mil.
Long-Term Debt & Capital Lease Obligation was €1.2 Mil.
Total Current Assets was €111.0 Mil.
Total Current Liabilities was €149.2 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.

Crew Energy's current Net Income (TTM) was 61.2. ==> 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.

Crew Energy's current Cash Flow from Operations (TTM) was 151.9. ==> 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 (Mar23)
=61.19/1126.506
=0.0543184

ROA (Last Year)=Net Income/Total Assets (Mar22)
=223.364/1099.305
=0.20318656

Crew Energy's return on assets of this year was 0.0543184. Crew Energy's return on assets of last year was 0.20318656. ==> 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.

Crew Energy's current Net Income (TTM) was 61.2. Crew Energy's current Cash Flow from Operations (TTM) was 151.9. ==> 151.9 > 61.2 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=72.326/1126.9684
=0.06417749

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1.188/1129.3206
=0.00105196

Crew Energy's gearing of this year was 0.06417749. Crew Energy's gearing of last year was 0.00105196. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=21.079/40.132
=0.5252417

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=111.02/149.199
=0.74410686

Crew Energy's current ratio of this year was 0.5252417. Crew Energy's current ratio of last year was 0.74410686. ==> 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.

Crew Energy's number of shares in issue this year was 161.85. Crew Energy's number of shares in issue last year was 161.722. ==> 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
=111.637/220.414
=0.50648779

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=268.224/417.644
=0.64223118

Crew Energy's gross margin of this year was 0.50648779. Crew Energy's gross margin of last year was 0.64223118. ==> 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 (Mar23)
=220.414/1126.506
=0.19566163

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=417.644/1099.305
=0.3799164

Crew Energy's asset turnover of this year was 0.19566163. Crew Energy's asset turnover of last year was 0.3799164. ==> 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+0+0+0
=3

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

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

Crew Energy  (STU:C5X) 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.


Crew Energy Piotroski F-Score Related Terms

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Crew Energy (STU:C5X) Business Description

Traded in Other Exchanges
Address
250 - 5th Street South West, Suite 800, Calgary, AB, CAN, T2P 0R4
Crew Energy Inc is an oil and gas exploration, development, and production company based in Calgary, Alberta, Canada. It conducts its operations in the Western Canada Sedimentary basin, focused in the province of British Columbia. The majority of the Company's petroleum and natural gas sales are conducted in Canada.

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