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Vivo Energy Mauritius (XMAU:VIVOENERGY) Piotroski F-Score : 4 (As of Apr. 16, 2025)


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What is Vivo Energy Mauritius 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

Vivo Energy Mauritius has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Vivo Energy Mauritius's Piotroski F-Score or its related term are showing as below:

XMAU:VIVOENERGY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 12 years, the highest Piotroski F-Score of Vivo Energy Mauritius was 8. The lowest was 3. And the median was 6.


Vivo Energy Mauritius Piotroski F-Score Historical Data

The historical data trend for Vivo Energy Mauritius'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.

Vivo Energy Mauritius Piotroski F-Score Chart

Vivo Energy Mauritius Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 6.00 6.00 4.00

Vivo Energy Mauritius Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 6.00 6.00 4.00

Competitive Comparison of Vivo Energy Mauritius's Piotroski F-Score

For the Oil & Gas Refining & Marketing subindustry, Vivo Energy Mauritius'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.


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

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

* The bar in red indicates where Vivo Energy Mauritius's Piotroski F-Score falls into.


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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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was MUR-1,984 Mil.
Cash Flow from Operations was MUR19,392 Mil.
Revenue was MUR496,537 Mil.
Gross Profit was MUR29,855 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (188918.416 + 198389.142) / 2 = MUR193653.779 Mil.
Total Assets at the begining of this year (Dec22) was MUR188,918 Mil.
Long-Term Debt & Capital Lease Obligation was MUR48,256 Mil.
Total Current Assets was MUR102,825 Mil.
Total Current Liabilities was MUR128,712 Mil.
Net Income was MUR4,104 Mil.

Revenue was MUR494,688 Mil.
Gross Profit was MUR33,012 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (3950.645 + 188918.416) / 2 = MUR96434.5305 Mil.
Total Assets at the begining of last year (Dec21) was MUR3,951 Mil.
Long-Term Debt & Capital Lease Obligation was MUR49,654 Mil.
Total Current Assets was MUR106,568 Mil.
Total Current Liabilities was MUR115,633 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.

Vivo Energy Mauritius's current Net Income (TTM) was -1,984. ==> Negative ==> Score 0.

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.

Vivo Energy Mauritius's current Cash Flow from Operations (TTM) was 19,392. ==> 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 (Dec22)
=-1984.342/188918.416
=-0.0105037

ROA (Last Year)=Net Income/Total Assets (Dec21)
=4103.981/3950.645
=1.0388129

Vivo Energy Mauritius's return on assets of this year was -0.0105037. Vivo Energy Mauritius's return on assets of last year was 1.0388129. ==> 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.

Vivo Energy Mauritius's current Net Income (TTM) was -1,984. Vivo Energy Mauritius's current Cash Flow from Operations (TTM) was 19,392. ==> 19,392 > -1,984 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=48255.599/193653.779
=0.24918491

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=49653.659/96434.5305
=0.51489501

Vivo Energy Mauritius's gearing of this year was 0.24918491. Vivo Energy Mauritius's gearing of last year was 0.51489501. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=102825.015/128711.664
=0.79887876

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=106568.207/115633.044
=0.92160686

Vivo Energy Mauritius's current ratio of this year was 0.79887876. Vivo Energy Mauritius's current ratio of last year was 0.92160686. ==> 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.

Vivo Energy Mauritius's number of shares in issue this year was 0. Vivo Energy Mauritius's number of shares in issue last year was 29.322. ==> 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
=29855.333/496536.587
=0.06012716

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33012.242/494687.541
=0.06673352

Vivo Energy Mauritius's gross margin of this year was 0.06012716. Vivo Energy Mauritius's gross margin of last year was 0.06673352. ==> 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 (Dec22)
=496536.587/188918.416
=2.62831225

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=494687.541/3950.645
=125.21690534

Vivo Energy Mauritius's asset turnover of this year was 2.62831225. Vivo Energy Mauritius's asset turnover of last year was 125.21690534. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Vivo Energy Mauritius has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Vivo Energy Mauritius  (XMAU:VIVOENERGY) 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.


Vivo Energy Mauritius Piotroski F-Score Related Terms

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Vivo Energy Mauritius Business Description

Traded in Other Exchanges
N/A
Address
23 Lower Belgrave Street, London, GBR, SWIW 0NT
Vivo Energy Mauritius Ltd is engaged in the marketing and distribution of petroleum products. The group operates under three reportable segments: Retail, Commercial, and Lubricants. It generates maximum revenue from the Retail segment. The company offers lubricants and liquefied petroleum gas (LPG) products to the aviation, construction, manufacturing, marine, power, mining, and road transport industries.

Vivo Energy Mauritius Headlines

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