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Deo Ca Traffic Infrastructure Investment JSC (STC:HHV) Piotroski F-Score : 7 (As of May. 16, 2024)


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What is Deo Ca Traffic Infrastructure Investment JSC 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

Deo Ca Traffic Infrastructure Investment JSC 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 Deo Ca Traffic Infrastructure Investment JSC's Piotroski F-Score or its related term are showing as below:

STC:HHV' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Deo Ca Traffic Infrastructure Investment JSC was 7. The lowest was 5. And the median was 7.


Deo Ca Traffic Infrastructure Investment JSC Piotroski F-Score Historical Data

The historical data trend for Deo Ca Traffic Infrastructure Investment JSC'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.

Deo Ca Traffic Infrastructure Investment JSC Piotroski F-Score Chart

Deo Ca Traffic Infrastructure Investment JSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 6.00 7.00

Deo Ca Traffic Infrastructure Investment JSC Quarterly Data
Dec18 Dec19 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 N/A 6.00 7.00 7.00 7.00

Competitive Comparison of Deo Ca Traffic Infrastructure Investment JSC's Piotroski F-Score

For the Infrastructure Operations subindustry, Deo Ca Traffic Infrastructure Investment JSC'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.


Deo Ca Traffic Infrastructure Investment JSC's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Deo Ca Traffic Infrastructure Investment JSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Deo Ca Traffic Infrastructure Investment JSC'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 94650.154 + 100921.431 + 53650.408 + 96009.307 = ₫345,231 Mil.
Cash Flow from Operations was 137330.661 + 111919.485 + -55048.211 + 87147.172 = ₫281,349 Mil.
Revenue was 612279.471 + 673619.892 + 860246.497 + 689885.358 = ₫2,836,031 Mil.
Gross Profit was 288698.901 + 298777.031 + 234142.226 + 334980.233 = ₫1,156,598 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(36040739.256 + 36079412.485 + 36520449.738 + 36780154.789 + 37660435.147) / 5 = ₫36616238.283 Mil.
Total Assets at the begining of this year (Mar23) was ₫36,040,739 Mil.
Long-Term Debt & Capital Lease Obligation was ₫19,168,119 Mil.
Total Current Assets was ₫1,503,950 Mil.
Total Current Liabilities was ₫2,865,929 Mil.
Net Income was 71912.198 + 73113.375 + 51164.246 + 72900.865 = ₫269,091 Mil.

Revenue was 483996.127 + 563239.073 + 616460.395 + 539396.38 = ₫2,203,092 Mil.
Gross Profit was 250069.466 + 257501.657 + 253857.834 + 258800.774 = ₫1,020,230 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(34360074.921 + 34719437.456 + 35019856.676 + 35653232.485 + 36040739.256) / 5 = ₫35158668.1588 Mil.
Total Assets at the begining of last year (Mar22) was ₫34,360,075 Mil.
Long-Term Debt & Capital Lease Obligation was ₫19,615,290 Mil.
Total Current Assets was ₫1,221,995 Mil.
Total Current Liabilities was ₫4,066,143 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.

Deo Ca Traffic Infrastructure Investment JSC's current Net Income (TTM) was 345,231. ==> 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.

Deo Ca Traffic Infrastructure Investment JSC's current Cash Flow from Operations (TTM) was 281,349. ==> 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)
=345231.3/36040739.256
=0.00957892

ROA (Last Year)=Net Income/Total Assets (Mar22)
=269090.684/34360074.921
=0.00783149

Deo Ca Traffic Infrastructure Investment JSC's return on assets of this year was 0.00957892. Deo Ca Traffic Infrastructure Investment JSC's return on assets of last year was 0.00783149. ==> 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.

Deo Ca Traffic Infrastructure Investment JSC's current Net Income (TTM) was 345,231. Deo Ca Traffic Infrastructure Investment JSC's current Cash Flow from Operations (TTM) was 281,349. ==> 281,349 <= 345,231 ==> CFROA <= ROA ==> Score 0.

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
=19168118.626/36616238.283
=0.52348683

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=19615290.206/35158668.1588
=0.55790766

Deo Ca Traffic Infrastructure Investment JSC's gearing of this year was 0.52348683. Deo Ca Traffic Infrastructure Investment JSC's gearing of last year was 0.55790766. ==> 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
=1503949.76/2865928.597
=0.52476875

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1221995.418/4066142.817
=0.30052939

Deo Ca Traffic Infrastructure Investment JSC's current ratio of this year was 0.52476875. Deo Ca Traffic Infrastructure Investment JSC's current ratio of last year was 0.30052939. ==> 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.

Deo Ca Traffic Infrastructure Investment JSC's number of shares in issue this year was 469.499. Deo Ca Traffic Infrastructure Investment JSC's number of shares in issue last year was 485.792. ==> 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
=1156598.391/2836031.218
=0.40782287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1020229.731/2203091.975
=0.46308994

Deo Ca Traffic Infrastructure Investment JSC's gross margin of this year was 0.40782287. Deo Ca Traffic Infrastructure Investment JSC's gross margin of last year was 0.46308994. ==> 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)
=2836031.218/36040739.256
=0.0786896

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2203091.975/34360074.921
=0.06411779

Deo Ca Traffic Infrastructure Investment JSC's asset turnover of this year was 0.0786896. Deo Ca Traffic Infrastructure Investment JSC's asset turnover of last year was 0.06411779. ==> 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+0+1+1+1+0+1
=7

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

Deo Ca Traffic Infrastructure Investment JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Deo Ca Traffic Infrastructure Investment JSC  (STC:HHV) 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.


Deo Ca Traffic Infrastructure Investment JSC Piotroski F-Score Related Terms

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Deo Ca Traffic Infrastructure Investment JSC (STC:HHV) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Km11+500 road leading south of Hai Van tunnel, Hoa Hiep Bac ward, Lien Chieu district, Da Nang City, VNM
Deo Ca Traffic Infrastructure Investment JSC is engaged in the management, exploitation, and maintenance of road tunnels; the management, operation, maintenance, and maintenance of assigned national highways.

Deo Ca Traffic Infrastructure Investment JSC (STC:HHV) Headlines

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