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Luckland Co (TSE:9612) Piotroski F-Score : 4 (As of Mar. 31, 2025)


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What is Luckland Co 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

Luckland Co 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 Luckland Co's Piotroski F-Score or its related term are showing as below:

TSE:9612' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Luckland Co was 6. The lowest was 1. And the median was 4.


Luckland Co Piotroski F-Score Historical Data

The historical data trend for Luckland Co'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.

Luckland Co Piotroski F-Score Chart

Luckland Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 6.00 2.00 4.00

Luckland Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - 4.00 - -

Competitive Comparison of Luckland Co's Piotroski F-Score

For the Engineering & Construction subindustry, Luckland Co'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.


Luckland Co's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Luckland Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Luckland Co'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 円252 Mil.
Cash Flow from Operations was 円-141 Mil.
Revenue was 円45,117 Mil.
Gross Profit was 円5,584 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (30779.734 + 27379.848) / 2 = 円29079.791 Mil.
Total Assets at the begining of this year (Dec22) was 円30,780 Mil.
Long-Term Debt & Capital Lease Obligation was 円906 Mil.
Total Current Assets was 円17,910 Mil.
Total Current Liabilities was 円16,038 Mil.
Net Income was 円-169 Mil.

Revenue was 円41,027 Mil.
Gross Profit was 円5,213 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (26963.315 + 30779.734) / 2 = 円28871.5245 Mil.
Total Assets at the begining of last year (Dec21) was 円26,963 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,029 Mil.
Total Current Assets was 円20,128 Mil.
Total Current Liabilities was 円18,195 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.

Luckland Co's current Net Income (TTM) was 252. ==> 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.

Luckland Co's current Cash Flow from Operations (TTM) was -141. ==> 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 (Dec22)
=252.223/30779.734
=0.00819445

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-168.622/26963.315
=-0.00625376

Luckland Co's return on assets of this year was 0.00819445. Luckland Co's return on assets of last year was -0.00625376. ==> 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.

Luckland Co's current Net Income (TTM) was 252. Luckland Co's current Cash Flow from Operations (TTM) was -141. ==> -141 <= 252 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=906.39/29079.791
=0.03116907

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2028.764/28871.5245
=0.07026868

Luckland Co's gearing of this year was 0.03116907. Luckland Co's gearing of last year was 0.07026868. ==> 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
=17909.869/16038.135
=1.11670522

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=20128.077/18194.575
=1.10626805

Luckland Co's current ratio of this year was 1.11670522. Luckland Co's current ratio of last year was 1.10626805. ==> 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.

Luckland Co's number of shares in issue this year was 10.522. Luckland Co's number of shares in issue last year was 10.14. ==> 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
=5584.282/45116.755
=0.12377402

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5213.141/41027.217
=0.12706543

Luckland Co's gross margin of this year was 0.12377402. Luckland Co's gross margin of last year was 0.12706543. ==> 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)
=45116.755/30779.734
=1.46579418

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=41027.217/26963.315
=1.52159395

Luckland Co's asset turnover of this year was 1.46579418. Luckland Co's asset turnover of last year was 1.52159395. ==> 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+1+0+1+1+0+0+0
=4

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

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

Luckland Co  (TSE:9612) 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.


Luckland Co Piotroski F-Score Related Terms

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Luckland Co Business Description

Traded in Other Exchanges
N/A
Address
3-18-20 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Luckland Co Ltd is engaged in the designing, construction, and maintenance of commercial building facilities. The company specializes in food store construction. It also builds shopping malls, restaurants, theme parks, specialty stores, hotel, convenience store, and others.

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