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Piscines Jean Desjoyaux (STU:DJX) Piotroski F-Score : 5 (As of May. 23, 2024)


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What is Piscines Jean Desjoyaux 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

Piscines Jean Desjoyaux 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 Piscines Jean Desjoyaux's Piotroski F-Score or its related term are showing as below:

STU:DJX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Piscines Jean Desjoyaux was 9. The lowest was 4. And the median was 7.


Piscines Jean Desjoyaux Piotroski F-Score Historical Data

The historical data trend for Piscines Jean Desjoyaux'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.

Piscines Jean Desjoyaux Piotroski F-Score Chart

Piscines Jean Desjoyaux Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 7.00 8.00 4.00 5.00

Piscines Jean Desjoyaux Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 - 4.00 - 5.00

Competitive Comparison of Piscines Jean Desjoyaux's Piotroski F-Score

For the Leisure subindustry, Piscines Jean Desjoyaux'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.


Piscines Jean Desjoyaux's Piotroski F-Score Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Piscines Jean Desjoyaux'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 (Aug23) TTM:Last Year (Aug22) TTM:
Net Income was €16.2 Mil.
Cash Flow from Operations was €21.2 Mil.
Revenue was €138.7 Mil.
Gross Profit was €69.0 Mil.
Average Total Assets from the begining of this year (Aug22)
to the end of this year (Aug23) was (176.898 + 184.014) / 2 = €180.456 Mil.
Total Assets at the begining of this year (Aug22) was €176.9 Mil.
Long-Term Debt & Capital Lease Obligation was €31.6 Mil.
Total Current Assets was €117.3 Mil.
Total Current Liabilities was €33.8 Mil.
Net Income was €21.3 Mil.

Revenue was €160.5 Mil.
Gross Profit was €82.5 Mil.
Average Total Assets from the begining of last year (Aug21)
to the end of last year (Aug22) was (159.215 + 176.898) / 2 = €168.0565 Mil.
Total Assets at the begining of last year (Aug21) was €159.2 Mil.
Long-Term Debt & Capital Lease Obligation was €28.9 Mil.
Total Current Assets was €118.9 Mil.
Total Current Liabilities was €36.5 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.

Piscines Jean Desjoyaux's current Net Income (TTM) was 16.2. ==> 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.

Piscines Jean Desjoyaux's current Cash Flow from Operations (TTM) was 21.2. ==> 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 (Aug22)
=16.165/176.898
=0.09138034

ROA (Last Year)=Net Income/Total Assets (Aug21)
=21.265/159.215
=0.13356154

Piscines Jean Desjoyaux's return on assets of this year was 0.09138034. Piscines Jean Desjoyaux's return on assets of last year was 0.13356154. ==> 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.

Piscines Jean Desjoyaux's current Net Income (TTM) was 16.2. Piscines Jean Desjoyaux's current Cash Flow from Operations (TTM) was 21.2. ==> 21.2 > 16.2 ==> 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: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=31.569/180.456
=0.17494015

Gearing (Last Year: Aug22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug21 to Aug22
=28.865/168.0565
=0.17175771

Piscines Jean Desjoyaux's gearing of this year was 0.17494015. Piscines Jean Desjoyaux's gearing of last year was 0.17175771. ==> 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: Aug23)=Total Current Assets/Total Current Liabilities
=117.325/33.797
=3.47146196

Current Ratio (Last Year: Aug22)=Total Current Assets/Total Current Liabilities
=118.863/36.493
=3.25714521

Piscines Jean Desjoyaux's current ratio of this year was 3.47146196. Piscines Jean Desjoyaux's current ratio of last year was 3.25714521. ==> 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.

Piscines Jean Desjoyaux's number of shares in issue this year was 8.984. Piscines Jean Desjoyaux's number of shares in issue last year was 8.984. ==> 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
=69.012/138.747
=0.49739454

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=82.467/160.543
=0.51367546

Piscines Jean Desjoyaux's gross margin of this year was 0.49739454. Piscines Jean Desjoyaux's gross margin of last year was 0.51367546. ==> 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 (Aug22)
=138.747/176.898
=0.78433334

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug21)
=160.543/159.215
=1.00834092

Piscines Jean Desjoyaux's asset turnover of this year was 0.78433334. Piscines Jean Desjoyaux's asset turnover of last year was 1.00834092. ==> 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+1+1+0+0
=5

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

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

Piscines Jean Desjoyaux  (STU:DJX) 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.


Piscines Jean Desjoyaux Piotroski F-Score Related Terms

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Piscines Jean Desjoyaux (STU:DJX) Business Description

Traded in Other Exchanges
Address
ZI du Bas Rolle, La Gouyonniere BP 280, La Fouillouse, FRA, 42480
Piscines Jean Desjoyaux is a France-based company engaged in the provision of home-use swimming pool solutions, spas, and above-ground pools, as well as in the construction of public swimming pools for hotels, local communities, and campsites. The company also offers pool equipment, such as coverings and shelters, solar showers, enclosures, heating pumps, electrical heaters and exchangers, and a wide range of accessories and products for the swimming pool maintenance.

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