TMD Energy Limited
TMDE Energy Oil & Gas Midstream
TMD Energy Limited’s revenue for fiscal 2024 (year ended December 2024) was $688.6 million, up 8.77% from fiscal 2023.
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TMD Energy Limited (TMDE) Piotroski F-score
TMD Energy Limited's Piotroski F-score for fiscal 2024 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.75% | 2.14% | Pass | 1 |
| Positive operating cash flow | (24.29m) | 654.20k | Fail | 0 |
| Rising return on assets | 1.75% | 2.14% | Fail | 0 |
| Cash flow above net income | (26.17m) | (1.34m) | Fail | 0 |
| Falling long-term leverage | 0.01 | 0.01 | Pass | 1 |
| Rising current ratio | 0.86 | 0.87 | Fail | 0 |
| No new shares issued | 20,000,000 | 20,000,000 | Pass | 1 |
| Rising gross margin | 2.33% | 1.91% | Pass | 1 |
| Rising asset turnover | 6.42 | 6.80 | Fail | 0 |
| 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 |
|---|---|
| TOPS TOP Ships Inc. compare | 7 |
| PXS Pyxis Tankers Inc. compare | 7 |
| BANL CBL International Limited compare | 5 |
| TMDE TMD Energy Limited | 4 |
| RBNE Robin Energy Ltd. compare | 3 |
| MMLP Martin Midstream Partners L.P. compare | 3 |
| NFE New Fortress Energy LLC compare | 2 |
| BPT BP Prudhoe Bay Royalty Trust compare | — |
| MARPS Marine Petroleum Trust compare | — |
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