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Landmark Cars (NSE:LANDMARK) Piotroski F-Score : N/A (As of Jun. 19, 2024)


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What is Landmark Cars 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

Landmark Cars 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 Landmark Cars's Piotroski F-Score or its related term are showing as below:


Landmark Cars Piotroski F-Score Historical Data

The historical data trend for Landmark Cars'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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Landmark Cars Piotroski F-Score Chart

Landmark Cars Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A N/A N/A N/A

Landmark Cars Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Landmark Cars's Piotroski F-Score

For the Auto & Truck Dealerships subindustry, Landmark Cars'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.


Landmark Cars's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Landmark Cars's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Landmark Cars'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 70.27 + 201.58 + 182.39 + 105.81 = ₹560 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 6939.78 + 7706.9 + 9592.46 + 8639.73 = ₹32,879 Mil.
Gross Profit was 1402.37 + 1592.26 + 1741.23 + 1680.13 = ₹6,416 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(0 + 0 + 14693.69 + 0 + 15514.22) / 5 = ₹15103.955 Mil.
Total Assets at the begining of this year (Mar23) was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,611 Mil.
Total Current Assets was ₹8,976 Mil.
Total Current Liabilities was ₹7,120 Mil.
Net Income was 178.15 + 167.21 + 259.01 + 240.57 = ₹845 Mil.

Revenue was 8002.7 + 8521.48 + 8761.35 + 8537.98 = ₹33,824 Mil.
Gross Profit was 1385.34 + 1493.84 + 1544.4 + 1583.33 = ₹6,007 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(10853.82 + 12093.67 + 0 + 0 + 0) / 5 = ₹11473.745 Mil.
Total Assets at the begining of last year (Mar22) was ₹10,854 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹0 Mil.
Total Current Liabilities was ₹0 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.

Landmark Cars's current Net Income (TTM) was 560. ==> 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.

Landmark Cars'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 (Mar23)
=560.05/0
=

ROA (Last Year)=Net Income/Total Assets (Mar22)
=844.94/10853.82
=0.07784725

Landmark Cars's return on assets of this year was . Landmark Cars's return on assets of last year was 0.07784725. ==> 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.

Landmark Cars's current Net Income (TTM) was 560. Landmark Cars's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 560 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2611.48/15103.955
=0.17290041

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/11473.745
=0

Landmark Cars's gearing of this year was 0.17290041. Landmark Cars's gearing of last year was 0. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=8975.89/7120.47
=1.2605755

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=0/0
=

Landmark Cars's current ratio of this year was 1.2605755. Landmark Cars's current ratio of last year was . ==> 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.

Landmark Cars's number of shares in issue this year was 40.968. Landmark Cars's number of shares in issue last year was 41.143. ==> 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
=6415.99/32878.87
=0.19514022

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6006.91/33823.51
=0.1775957

Landmark Cars's gross margin of this year was 0.19514022. Landmark Cars's gross margin of last year was 0.1775957. ==> 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 (Mar23)
=32878.87/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=33823.51/10853.82
=3.11627703

Landmark Cars's asset turnover of this year was . Landmark Cars's asset turnover of last year was 3.11627703. ==> 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+0+0+0+0+1+1+1+0
=4

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

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

Landmark Cars  (NSE:LANDMARK) 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.


Landmark Cars Piotroski F-Score Related Terms

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Landmark Cars (NSE:LANDMARK) Business Description

Traded in Other Exchanges
Address
G. M. Bhosale Marg, Unit No. 201 to 203, Landmark, 2nd Floor, Worli, Mumbai, MH, IND, 400018
Landmark Cars Ltd has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products. The company is operating in a single segment namely the dealership of cars in India. The company's revenue is generated entirely within India.

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