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Dan Hotels (XTAE:DANH) Piotroski F-Score : 7 (As of Jun. 24, 2024)


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What is Dan Hotels Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Dan Hotels has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XTAE:DANH' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Dan Hotels was 9. The lowest was 3. And the median was 6.


Dan Hotels Piotroski F-Score Historical Data

The historical data trend for Dan Hotels'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.

Dan Hotels Piotroski F-Score Chart

Dan Hotels 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 6.00 4.00 8.00 8.00 7.00

Dan Hotels 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 7.00 8.00 8.00 7.00 7.00

Competitive Comparison of Dan Hotels's Piotroski F-Score

For the Lodging subindustry, Dan Hotels'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.


Dan Hotels's Piotroski F-Score Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Dan Hotels'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 66.132 + 36.69 + 25.502 + -3.544 = ₪125 Mil.
Cash Flow from Operations was 70.17 + 84.393 + 143.367 + -42.452 = ₪255 Mil.
Revenue was 465.597 + 446.827 + 357.397 + 333.855 = ₪1,604 Mil.
Gross Profit was 177.744 + 145.654 + 122.36 + 91.656 = ₪537 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(2436.424 + 2468.275 + 2482.07 + 2369.282 + 2441.15) / 5 = ₪2439.4402 Mil.
Total Assets at the begining of this year (Mar23) was ₪2,436 Mil.
Long-Term Debt & Capital Lease Obligation was ₪298 Mil.
Total Current Assets was ₪387 Mil.
Total Current Liabilities was ₪723 Mil.
Net Income was 45.074 + 53.816 + 34.903 + -5.125 = ₪129 Mil.

Revenue was 396.791 + 441.577 + 395.579 + 345.759 = ₪1,580 Mil.
Gross Profit was 142.986 + 163.66 + 133.011 + 89.684 = ₪529 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2368.516 + 2463.855 + 2465.803 + 2451.529 + 2436.424) / 5 = ₪2437.2254 Mil.
Total Assets at the begining of last year (Mar22) was ₪2,369 Mil.
Long-Term Debt & Capital Lease Obligation was ₪430 Mil.
Total Current Assets was ₪278 Mil.
Total Current Liabilities was ₪723 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.

Dan Hotels's current Net Income (TTM) was 125. ==> 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.

Dan Hotels's current Cash Flow from Operations (TTM) was 255. ==> 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)
=124.78/2436.424
=0.0512144

ROA (Last Year)=Net Income/Total Assets (Mar22)
=128.668/2368.516
=0.05432431

Dan Hotels's return on assets of this year was 0.0512144. Dan Hotels's return on assets of last year was 0.05432431. ==> 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.

Dan Hotels's current Net Income (TTM) was 125. Dan Hotels's current Cash Flow from Operations (TTM) was 255. ==> 255 > 125 ==> 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
=298.249/2439.4402
=0.12226125

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=429.832/2437.2254
=0.1763612

Dan Hotels's gearing of this year was 0.12226125. Dan Hotels's gearing of last year was 0.1763612. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=387.325/722.65
=0.53597869

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=277.858/722.883
=0.38437479

Dan Hotels's current ratio of this year was 0.53597869. Dan Hotels's current ratio of last year was 0.38437479. ==> 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.

Dan Hotels's number of shares in issue this year was 88.6. Dan Hotels's number of shares in issue last year was 102.5. ==> 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
=537.414/1603.676
=0.33511383

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=529.341/1579.706
=0.3350883

Dan Hotels's gross margin of this year was 0.33511383. Dan Hotels's gross margin of last year was 0.3350883. ==> 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 (Mar23)
=1603.676/2436.424
=0.65820892

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1579.706/2368.516
=0.66696024

Dan Hotels's asset turnover of this year was 0.65820892. Dan Hotels's asset turnover of last year was 0.66696024. ==> 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+1+1+1+1+0
=7

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

Dan Hotels has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Dan Hotels  (XTAE:DANH) 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.


Dan Hotels Piotroski F-Score Related Terms

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Dan Hotels (XTAE:DANH) Business Description

Traded in Other Exchanges
N/A
Address
111 Hayarkon Street, Tel Aviv, ISR, 63571
Dan Hotels Ltd owns and operates hotel chain in Israel. The company's collection includes approximately 14 hotels. It also owns and manages VIP Lounges at Ben Gurion Airport. In addition it provides catering services to the Israeli defense forces.

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