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GCCB de CV (MEX:GCC) Piotroski F-Score : 4 (As of Mar. 26, 2025)


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What is GCCB de CV 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

GCCB de CV has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

MEX:GCC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of GCCB de CV was 8. The lowest was 4. And the median was 6.


GCCB de CV Piotroski F-Score Historical Data

The historical data trend for GCCB de CV'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.

GCCB de CV Piotroski F-Score Chart

GCCB de CV 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 6.00 5.00 4.00 6.00 4.00

GCCB de CV 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 6.00 6.00 4.00 4.00 4.00

Competitive Comparison of GCCB de CV's Piotroski F-Score

For the Building Materials subindustry, GCCB de CV'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.


GCCB de CV's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, GCCB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where GCCB de CV's Piotroski F-Score falls into.


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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 811.291 + 1642.177 + 2113.163 + 1628.267 = MXN6,195 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = MXN0 Mil.
Revenue was 4528.205 + 6601.429 + 7841.091 + 6992.395 = MXN25,963 Mil.
Gross Profit was 1504.119 + 2579.306 + 3263.411 + 2517.241 = MXN9,864 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(47750.138 + 47909.654 + 52204.966 + 58187.14 + 62660.096) / 5 = MXN53742.3988 Mil.
Total Assets at the begining of this year (Dec23) was MXN47,750 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,785 Mil.
Total Current Assets was MXN25,155 Mil.
Total Current Liabilities was MXN6,361 Mil.
Net Income was 583.307 + 1409.383 + 1842.327 + 1275.207 = MXN5,110 Mil.

Revenue was 4395.973 + 6241.734 + 7247.899 + 5768.902 = MXN23,655 Mil.
Gross Profit was 1224.204 + 2368.961 + 2903.817 + 2188.133 = MXN8,685 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(47846.576 + 44793.441 + 44281.717 + 46296.972 + 47750.138) / 5 = MXN46193.7688 Mil.
Total Assets at the begining of last year (Dec22) was MXN47,847 Mil.
Long-Term Debt & Capital Lease Obligation was MXN8,749 Mil.
Total Current Assets was MXN22,596 Mil.
Total Current Liabilities was MXN5,104 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.

GCCB de CV's current Net Income (TTM) was 6,195. ==> 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.

GCCB de CV's current Cash Flow from Operations (TTM) was 0. ==> 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 (Dec23)
=6194.898/47750.138
=0.12973571

ROA (Last Year)=Net Income/Total Assets (Dec22)
=5110.224/47846.576
=0.10680438

GCCB de CV's return on assets of this year was 0.12973571. GCCB de CV's return on assets of last year was 0.10680438. ==> 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.

GCCB de CV's current Net Income (TTM) was 6,195. GCCB de CV's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 6,195 ==> CFROA <= ROA ==> Score 0.

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
=10785.442/53742.3988
=0.20068777

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=8748.612/46193.7688
=0.18938944

GCCB de CV's gearing of this year was 0.20068777. GCCB de CV's gearing of last year was 0.18938944. ==> Last year is lower than this year ==> Score 0.

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
=25155.395/6361.093
=3.95457117

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=22595.745/5103.545
=4.42746072

GCCB de CV's current ratio of this year was 3.95457117. GCCB de CV's current ratio of last year was 4.42746072. ==> 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.

GCCB de CV's number of shares in issue this year was 327.625. GCCB de CV's number of shares in issue last year was 326.777. ==> 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
=9864.077/25963.12
=0.37992649

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8685.115/23654.508
=0.36716532

GCCB de CV's gross margin of this year was 0.37992649. GCCB de CV's gross margin of last year was 0.36716532. ==> 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)
=25963.12/47750.138
=0.54372869

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=23654.508/47846.576
=0.49438246

GCCB de CV's asset turnover of this year was 0.54372869. GCCB de CV's asset turnover of last year was 0.49438246. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+0+0+1+1
=4

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

GCCB de CV has an F-score of 4 indicating the company's financial situation is typical for a stable company.

GCCB de CV  (MEX:GCC) 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.


GCCB de CV Piotroski F-Score Related Terms

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GCCB de CV Business Description

Traded in Other Exchanges
N/A
Address
Avenida Vicente Suarez y Sexta s/n, Zona Industrial Nombre de Dios, Chihuahua, CHIH, MEX, 31105
GCC SAB de CV is a producer of cement and ready-mix concrete-like gray Portland cement, mortar, premixed concrete, concrete blocks, plaster, aggregates and other construction materials. It operates in the United States and Mexico. In Mexico, it operates mainly in three cement plants located in Ciudad Juarez, Samalayuca and Chihuahua and two distribution centres. In the United States, it has cement plants located in Pueblo, Colorado; Rapid City, South Dakota; Three Forks, Montana; Tijeras, New Mexico and Odessa, Texas.

GCCB de CV Headlines