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GDEN (Golden Entertainment) Piotroski F-Score : 6 (As of Mar. 17, 2025)


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What is Golden Entertainment 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

Golden Entertainment has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

GDEN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Golden Entertainment was 8. The lowest was 3. And the median was 5.


Golden Entertainment Piotroski F-Score Historical Data

The historical data trend for Golden Entertainment'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.

Golden Entertainment Piotroski F-Score Chart

Golden Entertainment Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 8.00 5.00 8.00 6.00

Golden Entertainment Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only 8.00 6.00 6.00 6.00 6.00

Competitive Comparison of Golden Entertainment's Piotroski F-Score

For the Resorts & Casinos subindustry, Golden Entertainment'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.


Golden Entertainment's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Entertainment's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Golden Entertainment'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 41.963 + 0.623 + 5.167 + 2.978 = $50.7 Mil.
Cash Flow from Operations was 25.795 + 21.501 + 22.516 + 22.532 = $92.3 Mil.
Revenue was 174.047 + 167.334 + 161.233 + 164.204 = $666.8 Mil.
Gross Profit was 96.746 + 95.818 + 90.664 + 92.062 = $375.3 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1452.283 + 1501.931 + 1181.221 + 1101.584 + 1079.906) / 5 = $1263.385 Mil.
Total Assets at the begining of this year (Dec23) was $1,452.3 Mil.
Long-Term Debt & Capital Lease Obligation was $483.6 Mil.
Total Current Assets was $103.8 Mil.
Total Current Liabilities was $101.0 Mil.
Net Income was 11.63 + 12.282 + 241.216 + -9.372 = $255.8 Mil.

Revenue was 278.051 + 286.681 + 257.726 + 230.691 = $1,053.1 Mil.
Gross Profit was 122.322 + 132.297 + 113.352 + 107.579 = $475.6 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1508.67 + 1499.884 + 1494.246 + 1544.663 + 1452.283) / 5 = $1499.9492 Mil.
Total Assets at the begining of last year (Dec22) was $1,508.7 Mil.
Long-Term Debt & Capital Lease Obligation was $739.8 Mil.
Total Current Assets was $409.4 Mil.
Total Current Liabilities was $174.4 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.

Golden Entertainment's current Net Income (TTM) was 50.7. ==> 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.

Golden Entertainment's current Cash Flow from Operations (TTM) was 92.3. ==> 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 (Dec23)
=50.731/1452.283
=0.0349319

ROA (Last Year)=Net Income/Total Assets (Dec22)
=255.756/1508.67
=0.16952415

Golden Entertainment's return on assets of this year was 0.0349319. Golden Entertainment's return on assets of last year was 0.16952415. ==> 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.

Golden Entertainment's current Net Income (TTM) was 50.7. Golden Entertainment's current Cash Flow from Operations (TTM) was 92.3. ==> 92.3 > 50.7 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=483.606/1263.385
=0.38278593

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=739.846/1499.9492
=0.49324737

Golden Entertainment's gearing of this year was 0.38278593. Golden Entertainment's gearing of last year was 0.49324737. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=103.792/100.987
=1.02777585

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=409.442/174.376
=2.34804101

Golden Entertainment's current ratio of this year was 1.02777585. Golden Entertainment's current ratio of last year was 2.34804101. ==> 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.

Golden Entertainment's number of shares in issue this year was 28.373. Golden Entertainment's number of shares in issue last year was 30.424. ==> 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
=375.29/666.818
=0.56280724

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=475.55/1053.149
=0.45155054

Golden Entertainment's gross margin of this year was 0.56280724. Golden Entertainment's gross margin of last year was 0.45155054. ==> This year's gross margin is higher. ==> Score 1.

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 (Dec23)
=666.818/1452.283
=0.45915156

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1053.149/1508.67
=0.69806452

Golden Entertainment's asset turnover of this year was 0.45915156. Golden Entertainment's asset turnover of last year was 0.69806452. ==> 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
=1+1+0+1+1+0+1+1+0
=6

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

Golden Entertainment has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Golden Entertainment  (NAS:GDEN) 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.


Golden Entertainment Piotroski F-Score Related Terms

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Golden Entertainment Business Description

Traded in Other Exchanges
N/A
Address
6595 S Jones Boulevard, Las Vegas, NV, USA, 89118
Golden Entertainment Inc is a U.S. based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. The majority of the revenue for the company is generated from its Nevada Casino Resorts segment which is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities.
Executives
Terrence Wright director 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Mark A Lipparelli director 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Charles Protell officer: President and CFO 6595 S JONES BLVD, LAS VEGAS NV 89118
Stephen A Arcana officer: EVP and COO 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Andy H Chien director C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118
Blake L Sartini director, 10 percent owner, officer: Chairman and CEO 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Sartini Blake L Ii officer: SVP of Distributed Gaming C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Marnell Anthony A. Iii director C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Ann D. Dozier director C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS, NV, USA NV 89118
Robert L Miodunski director 6601 S BERMUDA RD, LAS VEGAS NV 89119
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Thomas Edwin Haas officer: SVP of Accounting C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD, LAS VEGAS NV 89118
Sean T Higgins officer: Executive VP and CLO C/O GOLDEN ENTERTAINMENT, INC., 6595 S JONES BLVD., LAS VEGAS NV 89118
Delise F Sartini 10 percent owner 2411 WEST SAHARA AVENUE, LAS VEGAS NV 89102
Blake L. Sartini & Delise F. Sartini Family Trust 10 percent owner 6595 S JONES BLVD, LAS VEGAS NV 89118