ENSERVCO Corporation
ENSV Energy Oil & Gas Equipment & Services
Revenue growth for three consecutive years, operating cash flow growth for three.
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ENSERVCO Corporation (ENSV) Piotroski F-score
ENSERVCO Corporation's Piotroski F-score for fiscal 2023 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2022.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 4 | (1.00) |
| FY2022 | 5 | 2.00 |
| FY2021 | 3 | 1.00 |
| FY2020 | 2 | (2.00) |
| FY2019 | 4 | (1.00) |
| FY2018 | 5 | 0.00 |
| FY2017 | 5 | 4.00 |
| FY2016 | 1 | — |
How fiscal 2023’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (50.53%) | (24.79%) | Fail | 0 |
| Positive operating cash flow | (2.15m) | (2.25m) | Fail | 0 |
| Rising return on assets | (50.53%) | (24.79%) | Fail | 0 |
| Cash flow above net income | 6.37m | 3.33m | Pass | 1 |
| Falling long-term leverage | 0.20 | 0.31 | Pass | 1 |
| Rising current ratio | 0.57 | 0.58 | Fail | 0 |
| No new shares issued | 20,456,000 | 11,579,000 | Fail | 0 |
| Rising gross margin | 10.36% | 6.54% | Pass | 1 |
| Rising asset turnover | 1.31 | 0.96 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| DWSN Dawson Geophysical Company compare | 5 |
| OMSE OMS Energy Technologies Inc. compare | 5 |
| ENSV ENSERVCO Corporation | 4 |
| RCON Recon Technology, Ltd. compare | 4 |
| LSE Leishen Energy Holding Co., Ltd. compare | 3 |
| KLXE KLX Energy Services Holdings, Inc. compare | 3 |
| DTI Drilling Tools International Corp. compare | 3 |
| STAK STAK Inc. compare | 2 |
| GEOS Geospace Technologies Corporation compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover