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Loma Negra Cia Industria Argentina Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, indicating very healthy situation.

The zones of discrimination were as such:

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

Loma Negra Cia Industria Argentina has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

NYSE:LOMA' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

5
8

During the past 7 years, the highest Piotroski F-Score of Loma Negra Cia Industria Argentina was 8. The lowest was 5. And the median was 7.


Loma Negra Cia Industria Argentina Piotroski F-Score Historical Data

* 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.

Loma Negra Cia Industria Argentina Annual Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score Premium Member Only Premium Member Only - 8.00 5.00 5.00 8.00

Loma Negra Cia Industria Argentina Quarterly Data
Dec15 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 4.00 7.00 8.00

Competitive Comparison
* 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.


Loma Negra Cia Industria Argentina Piotroski F-Score Distribution

* The bar in red indicates where Loma Negra Cia Industria Argentina'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 (Dec20) TTM:Last Year (Dec19) TTM:
Net Income was 13.807147817037 + 1.1977797428831 + 86.688202766385 + 47.367819391785 = $149.1 Mil.
Cash Flow from Operations was 4.7527521657244 + 45.734736280087 + 42.967040489414 + 68.730464563669 = $162.2 Mil.
Revenue was 125.10210361644 + 108.86649297205 + 144.8787215754 + 198.43298839148 = $577.3 Mil.
Gross Profit was 38.118683471539 + 26.292726063288 + 40.54752264406 + 68.676606119806 = $173.6 Mil.
Average Total Assets from the begining of this year (Dec19)
to the end of this year (Dec20) was
(1266.8734357643 + 1031.0733325493 + 982.63220833526 + 860.86202480771 + 871.78536022802) / 5 = $1002.64527234 Mil.
Total Assets at the begining of this year (Dec19) was $1,266.9 Mil.
Long-Term Debt & Capital Lease Obligation was $27.8 Mil.
Total Current Assets was $172.9 Mil.
Total Current Liabilities was $187.8 Mil.
Net Income was 38.475313379381 + 34.04283815567 + 1.216965297303 + 30.371301042601 = $104.1 Mil.

Revenue was 282.27168073676 + 238.68035903489 + 201.34007798412 + 246.61629883427 = $968.9 Mil.
Gross Profit was 81.401893067281 + 61.259203176902 + 51.822498512722 + 71.529605043029 = $266.0 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec19) was
(1340.891322589 + 980.64952673318 + 973.37200981732 + 927.02859004807 + 1266.8734357643) / 5 = $1097.76297699 Mil.
Total Assets at the begining of last year (Dec18) was $1,340.9 Mil.
Long-Term Debt & Capital Lease Obligation was $100.9 Mil.
Total Current Assets was $206.9 Mil.
Total Current Liabilities was $357.2 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.

Loma Negra Cia Industria Argentina's current Net Income (TTM) was 149.1. ==> 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.

Loma Negra Cia Industria Argentina's current Cash Flow from Operations (TTM) was 162.2. ==> 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 (Dec19)
=149.06094971809/1266.8734357643
=0.11766049

ROA (Last Year)=Net Income/Total Assets (Dec18)
=104.10641787495/1340.891322589
=0.07763971

Loma Negra Cia Industria Argentina's return on assets of this year was 0.11766049. Loma Negra Cia Industria Argentina's return on assets of last year was 0.07763971. ==> This year is higher. ==> Score 1.

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.

Loma Negra Cia Industria Argentina's current Net Income (TTM) was 149.1. Loma Negra Cia Industria Argentina's current Cash Flow from Operations (TTM) was 162.2. ==> 162.2 > 149.1 ==> 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: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=27.770804661003/1002.64527234
=0.02769754

Gearing (Last Year: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=100.87853165946/1097.76297699
=0.09189464

Loma Negra Cia Industria Argentina's gearing of this year was 0.02769754. Loma Negra Cia Industria Argentina's gearing of last year was 0.09189464. ==> 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: Dec20)=Total Current Assets/Total Current Liabilities
=172.94066747139/187.75175182177
=0.92111347

Current Ratio (Last Year: Dec19)=Total Current Assets/Total Current Liabilities
=206.86145723196/357.19011403027
=0.57913545

Loma Negra Cia Industria Argentina's current ratio of this year was 0.92111347. Loma Negra Cia Industria Argentina's current ratio of last year was 0.57913545. ==> This year's current ratio is higher. ==> Score 1.

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.

Loma Negra Cia Industria Argentina's number of shares in issue this year was 119.205. Loma Negra Cia Industria Argentina's number of shares in issue last year was 119.205. ==> 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
=173.63553829869/577.28030655537
=0.30078202

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=266.01319979993/968.90841659004
=0.27454937

Loma Negra Cia Industria Argentina's gross margin of this year was 0.30078202. Loma Negra Cia Industria Argentina's gross margin of last year was 0.27454937. ==> 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 (Dec19)
=577.28030655537/1266.8734357643
=0.45567323

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=968.90841659004/1340.891322589
=0.72258534

Loma Negra Cia Industria Argentina's asset turnover of this year was 0.45567323. Loma Negra Cia Industria Argentina's asset turnover of last year was 0.72258534. ==> 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+1+1+1+1+1+1+0
=8

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

Loma Negra Cia Industria Argentina has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Loma Negra Cia Industria Argentina  (NYSE:LOMA) 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.


Loma Negra Cia Industria Argentina Piotroski F-Score Related Terms


Loma Negra Cia Industria Argentina Piotroski F-Score Headlines

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