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Lulus Fashion Lounge Holdings (Lulus Fashion Lounge Holdings) Piotroski F-Score : 3 (As of Apr. 29, 2024)


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What is Lulus Fashion Lounge Holdings Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Lulus Fashion Lounge Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Lulus Fashion Lounge Holdings's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Lulus Fashion Lounge Holdings was 6. The lowest was 3. And the median was 5.


Lulus Fashion Lounge Holdings Piotroski F-Score Historical Data

The historical data trend for Lulus Fashion Lounge Holdings'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.

Lulus Fashion Lounge Holdings Piotroski F-Score Chart

Lulus Fashion Lounge Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 6.00 3.00

Lulus Fashion Lounge Holdings Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.00 N/A 4.00 3.00 3.00

Competitive Comparison of Lulus Fashion Lounge Holdings's Piotroski F-Score

For the Apparel Retail subindustry, Lulus Fashion Lounge Holdings'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.


Lulus Fashion Lounge Holdings's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lulus Fashion Lounge Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lulus Fashion Lounge Holdings'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -5.618 + -2.597 + -3.889 + -7.23 = $-19.3 Mil.
Cash Flow from Operations was 3.705 + 4.646 + 12.749 + -5.679 = $15.4 Mil.
Revenue was 90.976 + 106.122 + 83.118 + 74.959 = $355.2 Mil.
Gross Profit was 37.961 + 47.396 + 33.525 + 29.344 = $148.2 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(167.204 + 179.566 + 164.702 + 167.376 + 149.445) / 5 = $165.6586 Mil.
Total Assets at the begining of this year (Dec22) was $167.2 Mil.
Long-Term Debt & Capital Lease Obligation was $25.4 Mil.
Total Current Assets was $52.5 Mil.
Total Current Liabilities was $61.9 Mil.
Net Income was 2.043 + 5.999 + 0.929 + -5.246 = $3.7 Mil.

Revenue was 111.902 + 131.512 + 105.275 + 90.963 = $439.7 Mil.
Gross Profit was 52.978 + 60.167 + 44.333 + 33.968 = $191.4 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(113.776 + 178.2 + 172.049 + 180.159 + 167.204) / 5 = $162.2776 Mil.
Total Assets at the begining of last year (Dec21) was $113.8 Mil.
Long-Term Debt & Capital Lease Obligation was $54.0 Mil.
Total Current Assets was $69.0 Mil.
Total Current Liabilities was $47.6 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.

Lulus Fashion Lounge Holdings's current Net Income (TTM) was -19.3. ==> 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.

Lulus Fashion Lounge Holdings's current Cash Flow from Operations (TTM) was 15.4. ==> 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 (Dec22)
=-19.334/167.204
=-0.1156312

ROA (Last Year)=Net Income/Total Assets (Dec21)
=3.725/113.776
=0.03273977

Lulus Fashion Lounge Holdings's return on assets of this year was -0.1156312. Lulus Fashion Lounge Holdings's return on assets of last year was 0.03273977. ==> 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.

Lulus Fashion Lounge Holdings's current Net Income (TTM) was -19.3. Lulus Fashion Lounge Holdings's current Cash Flow from Operations (TTM) was 15.4. ==> 15.4 > -19.3 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=25.427/165.6586
=0.15349037

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=54.042/162.2776
=0.33302193

Lulus Fashion Lounge Holdings's gearing of this year was 0.15349037. Lulus Fashion Lounge Holdings's gearing of last year was 0.33302193. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=52.52/61.887
=0.8486435

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=69.019/47.646
=1.4485791

Lulus Fashion Lounge Holdings's current ratio of this year was 0.8486435. Lulus Fashion Lounge Holdings's current ratio of last year was 1.4485791. ==> 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.

Lulus Fashion Lounge Holdings's number of shares in issue this year was 40.498. Lulus Fashion Lounge Holdings's number of shares in issue last year was 39.316. ==> 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
=148.226/355.175
=0.4173323

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=191.446/439.652
=0.43544895

Lulus Fashion Lounge Holdings's gross margin of this year was 0.4173323. Lulus Fashion Lounge Holdings's gross margin of last year was 0.43544895. ==> 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 (Dec22)
=355.175/167.204
=2.12420157

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=439.652/113.776
=3.86418928

Lulus Fashion Lounge Holdings's asset turnover of this year was 2.12420157. Lulus Fashion Lounge Holdings's asset turnover of last year was 3.86418928. ==> 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
=0+1+0+1+1+0+0+0+0
=3

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

Lulus Fashion Lounge Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Lulus Fashion Lounge Holdings  (NAS:LVLU) 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.


Lulus Fashion Lounge Holdings Piotroski F-Score Related Terms

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Lulus Fashion Lounge Holdings (Lulus Fashion Lounge Holdings) Business Description

Traded in Other Exchanges
N/A
Address
195 Humboldt Avenue, Chico, CA, USA, 95928
Lulus Fashion Lounge Holdings Inc is a fashion brand serving Millennial and Gen Z women. Its products include Fall Dresses, Winter Dresses, Sweater Dresses, Short Dresses, Casual Dresses, Wedding Dresses, and Denims, among others. The company generates the majority of its revenue from customers based in the United States.
Executives
Michael J Mardy director
Kelly Ann Mccarthy director 195 HUMBOLDT AVENUE, CHICO CA 95928
Caroline Sio-chin Sheu director 256 WEST DATA DRIVE, DRAPER UT 84020
Tiffany Rose Smith officer: Chief Financial Officer 195 HUMBOLDT AVENUE, CHICO CA 95928
Anisa Benita Kumar director 195 HUMBOLDT AVENUE, CHICO CA 95928
Kira Yugay director C/O LULUS FASHION LOUNGE HOLDINGS, INC., 195 HUMBOLDT AVENUE, CHICO CA 95928
Dara Bazzano director 100 NORTH SEPULVEDA BLVD., SUITE 1100, EL SEGUNDO CA 90245
David W. Mccreight director, officer: Chief Executive Officer C/O URBAN OUTFITTERS, INC., 5000 SOUTH BROAD STREET, PHILADELPHIA PA 19112
Danielle Qi director C/O LULUS FASHION LOUNGE HOLDINGS, INC., 195 HUMBOLDT AVENUE, CHICO CA 95928
Canada Pension Plan Investment Board 10 percent owner ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000
Norman A Fogelsong 10 percent owner C/O IVP, 3000 SAND HILL ROAD, 2-250, MENLO PARK CA 94025
Dennis B Phelps 10 percent owner 3000 SAND HILL ROAD, 2-250, MENLO PARK CA 94025
Stephen J Harrick 10 percent owner 3000 SAND HILL ROAD, 2-250, MENLO PARK CA 94025
Crystal Landsem officer: See Remarks C/O LULUS FASHION LOUNGE HOLDINGS, INC., 195 HUMBOLDT AVENUE, CHICO CA 95928
Mark Vos officer: See Remarks C/O LULUS FASHION LOUNGE HOLDINGS, INC., 195 HUMBOLDT AVENUE, CHICO CA 95928

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