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Dayang Enterprise Holdings Bhd (XKLS:5141) Piotroski F-Score : 9 (As of Mar. 17, 2025)


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What is Dayang Enterprise Holdings Bhd Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

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

Dayang Enterprise Holdings Bhd has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Dayang Enterprise Holdings Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:5141' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Dayang Enterprise Holdings Bhd was 9. The lowest was 4. And the median was 7.


Dayang Enterprise Holdings Bhd Piotroski F-Score Historical Data

The historical data trend for Dayang Enterprise Holdings Bhd'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.

Dayang Enterprise Holdings Bhd Piotroski F-Score Chart

Dayang Enterprise Holdings Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 9.00 9.00 9.00

Dayang Enterprise Holdings Bhd Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 9.00 8.00 7.00 8.00 9.00

Competitive Comparison of Dayang Enterprise Holdings Bhd's Piotroski F-Score

For the Oil & Gas Equipment & Services subindustry, Dayang Enterprise Holdings Bhd'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.


Dayang Enterprise Holdings Bhd's Piotroski F-Score Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dayang Enterprise Holdings Bhd'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 27.906 + 131.435 + 134.939 + 16.805 = RM311 Mil.
Cash Flow from Operations was 13.625 + 34.921 + 236.549 + 156.384 = RM441 Mil.
Revenue was 247.121 + 455.838 + 448.505 + 316.676 = RM1,468 Mil.
Gross Profit was 85.118 + 223.527 + 208.879 + 153.466 = RM671 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2508.797 + 2517.746 + 2668.13 + 2698.089 + 2727.144) / 5 = RM2623.9812 Mil.
Total Assets at the begining of this year (Dec23) was RM2,509 Mil.
Long-Term Debt & Capital Lease Obligation was RM16 Mil.
Total Current Assets was RM1,276 Mil.
Total Current Liabilities was RM486 Mil.
Net Income was -15.945 + 64.69 + 76.384 + 93.791 = RM219 Mil.

Revenue was 112.421 + 305.73 + 343.761 + 351.075 = RM1,113 Mil.
Gross Profit was 10.059 + 147.503 + 154.167 + 161.697 = RM473 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(2361.765 + 2278.184 + 2399.479 + 2541.899 + 2508.797) / 5 = RM2418.0248 Mil.
Total Assets at the begining of last year (Dec22) was RM2,362 Mil.
Long-Term Debt & Capital Lease Obligation was RM123 Mil.
Total Current Assets was RM1,007 Mil.
Total Current Liabilities was RM425 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.

Dayang Enterprise Holdings Bhd's current Net Income (TTM) was 311. ==> 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.

Dayang Enterprise Holdings Bhd's current Cash Flow from Operations (TTM) was 441. ==> 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 (Dec23)
=311.085/2508.797
=0.12399768

ROA (Last Year)=Net Income/Total Assets (Dec22)
=218.92/2361.765
=0.09269339

Dayang Enterprise Holdings Bhd's return on assets of this year was 0.12399768. Dayang Enterprise Holdings Bhd's return on assets of last year was 0.09269339. ==> 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.

Dayang Enterprise Holdings Bhd's current Net Income (TTM) was 311. Dayang Enterprise Holdings Bhd's current Cash Flow from Operations (TTM) was 441. ==> 441 > 311 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=16.119/2623.9812
=0.00614296

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=123.383/2418.0248
=0.05102636

Dayang Enterprise Holdings Bhd's gearing of this year was 0.00614296. Dayang Enterprise Holdings Bhd's gearing of last year was 0.05102636. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1276.384/486.459
=2.62382647

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1007.091/424.649
=2.37158453

Dayang Enterprise Holdings Bhd's current ratio of this year was 2.62382647. Dayang Enterprise Holdings Bhd's current ratio of last year was 2.37158453. ==> 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.

Dayang Enterprise Holdings Bhd's number of shares in issue this year was 1157.772. Dayang Enterprise Holdings Bhd's number of shares in issue last year was 1157.772. ==> 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
=670.99/1468.14
=0.45703407

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=473.426/1112.987
=0.42536526

Dayang Enterprise Holdings Bhd's gross margin of this year was 0.45703407. Dayang Enterprise Holdings Bhd's gross margin of last year was 0.42536526. ==> 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 (Dec23)
=1468.14/2508.797
=0.58519681

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1112.987/2361.765
=0.47125222

Dayang Enterprise Holdings Bhd's asset turnover of this year was 0.58519681. Dayang Enterprise Holdings Bhd's asset turnover of last year was 0.47125222. ==> 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+1+1+1+1+1+1+1+1
=9

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

Dayang Enterprise Holdings Bhd has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Dayang Enterprise Holdings Bhd  (XKLS:5141) 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.


Dayang Enterprise Holdings Bhd Piotroski F-Score Related Terms

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Dayang Enterprise Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Taman Raja MCLD, Sublot 5 - 10, Lot 46, Block 10, Miri, SWK, MYS, 98000
Dayang Enterprise Holdings Bhd is an investment holding company. Its operating segments include Topside maintenance services and Marine offshore support services. Topside maintenance services include the provision of offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services for oil and gas companies. Marine offshore support services involve chartering of marine vessels and the provision of related support services, as well as catering of food and beverage. Dayang generates the majority of its revenues from Topside maintenance services.

Dayang Enterprise Holdings Bhd Headlines

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