Liquefied Natural Gas (ASX:LNG) Piotroski F-Score : 0 (As of May. 19, 2024)

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What is Liquefied Natural Gas Piotroski F-Score?

The zones of discrimination were as such:

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

Liquefied Natural Gas has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

Liquefied Natural Gas Piotroski F-Score Historical Data

The historical data trend for Liquefied Natural Gas'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.

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Liquefied Natural Gas Piotroski F-Score Chart

Liquefied Natural Gas Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Piotroski F-Score

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3.00

2.00

Liquefied Natural Gas Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Piotroski F-Score	Get a 7-Day Free Trial															-	3.00	-	2.00	-

How is the Piotroski F-Score calculated?

This Year (Jun19) TTM:

Last Year (Jun18) TTM:

Net Income was A$-33.53 Mil.
Cash Flow from Operations was A$-29.84 Mil.
Revenue was A$0.00 Mil.
Gross Profit was A$0.00 Mil.
Average Total Assets from the begining of this year (Jun18)
to the end of this year (Jun19) was (63.223 + 34.761) / 2 = A$48.992 Mil.
Total Assets at the begining of this year (Jun18) was A$63.22 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Total Current Assets was A$22.94 Mil.
Total Current Liabilities was A$3.60 Mil.

Net Income was A$-22.78 Mil.

Revenue was A$0.00 Mil.
Gross Profit was A$0.00 Mil.
Average Total Assets from the begining of last year (Jun17)
to the end of last year (Jun18) was (57.008 + 63.223) / 2 = A$60.1155 Mil.
Total Assets at the begining of last year (Jun17) was A$57.01 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Total Current Assets was A$51.30 Mil.
Total Current Liabilities was A$2.80 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.

Liquefied Natural Gas's current Net Income (TTM) was -33.53. ==> Negative ==> Score 0.

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.

Liquefied Natural Gas's current Cash Flow from Operations (TTM) was -29.84. ==> Negative ==> Score 0.

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 (Jun18)
	=	-33.529	/	63.223
	=	-0.53032915

ROA (Last Year)	=	Net Income	/	Total Assets (Jun17)
	=	-22.777	/	57.008
	=	-0.39954042

Liquefied Natural Gas's return on assets of this year was -0.53032915. Liquefied Natural Gas's return on assets of last year was -0.39954042. ==> 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.

Liquefied Natural Gas's current Net Income (TTM) was -33.53. Liquefied Natural Gas's current Cash Flow from Operations (TTM) was -29.84. ==> -29.84 > -33.53 ==> 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: Jun19)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Jun18 to Jun19
	=	0	/	48.992
	=	0

Gearing (Last Year: Jun18)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Jun17 to Jun18
	=	0	/	60.1155
	=	0

Liquefied Natural Gas's gearing of this year was 0. Liquefied Natural Gas's gearing of last year was 0. ==> 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: Jun19)	=	Total Current Assets	/	Total Current Liabilities
	=	22.937	/	3.602
	=	6.36785119

Current Ratio (Last Year: Jun18)	=	Total Current Assets	/	Total Current Liabilities
	=	51.303	/	2.801
	=	18.31595859

Liquefied Natural Gas's current ratio of this year was 6.36785119. Liquefied Natural Gas's current ratio of last year was 18.31595859. ==> Last year's current ratio is higher ==> Score 0.

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.

Liquefied Natural Gas's number of shares in issue this year was 571.409. Liquefied Natural Gas's number of shares in issue last year was 517.551. ==> There is larger number of shares in issue this year. ==> Score 0.

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
	=	0	/	0
	=

Gross Margin (Last Year: TTM)	=	Gross Profit	/	Revenue
	=	0	/	0
	=

Liquefied Natural Gas's gross margin of this year was . Liquefied Natural Gas's gross margin of last year was . ==> 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 (Jun18)
	=	0	/	63.223
	=	0

Asset Turnover (Last Year)	=	Revenue	/	Total Assets at the Beginning of Last Year (Jun17)
	=	0	/	57.008
	=	0

Liquefied Natural Gas's asset turnover of this year was 0. Liquefied Natural Gas's asset turnover of last year was 0. ==> 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

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

Liquefied Natural Gas has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Liquefied Natural Gas (ASX:LNG) 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.

Liquefied Natural Gas Piotroski F-Score Related Terms

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Liquefied Natural Gas (ASX:LNG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

1001 McKinney, Suite 600, Houston, TX, USA, 77002

Website

http://www.lnglimited.com.au

Liquefied Natural Gas Ltd is a provider of mid-scale LNG liquefaction solutions. It develops and operates small and medium scale liquefied natural gas projects in Australia. The company's segments include LNG Infrastructure and Technology and Licensing. The LNG Infrastructure reportable operating segment includes the aggregation of the Magnolia LNG project, Bear Head LNG project, and Fisherman's Landing LNG project. The technology and licensing segment are involved in the development of LNG technology, through research and development activities, and the advancement of each developed technology to the patent application stage or ability to commercialize the LNG technology.