Dewan Cement Limited (DCL)

• Positive return on assets
• Positive operating cash flow

  Operating cash flow not available.

• ROA improved year-over-year
• Operating cash flow exceeds net profit

  Operating cash flow or net profit not available.

• Leverage (long-term debt / assets) decreased
• Current ratio improved
• Gross margin improved
• Asset turnover improved

This is a simplified 8-point score based on Piotroski's methodology, not the standard 9-point Piotroski F-Score. It omits the classical "no new shares issued" criterion because historical shares-outstanding data is not available. It is not investment advice.

The F-Score is also not designed for banks or other financial institutions. Several criteria — gross margin, current ratio, asset turnover and leverage — do not translate to their financial statements, so scores shown for financials are unreliable.