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Longterm Games (WAR:LTM) Piotroski F-Score : 6 (As of Jun. 28, 2025)


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What is Longterm Games 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

Longterm Games has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

WAR:LTM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 6

During the past 5 years, the highest Piotroski F-Score of Longterm Games was 6. The lowest was 4. And the median was 5.


Longterm Games Piotroski F-Score Historical Data

The historical data trend for Longterm Games'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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Longterm Games Piotroski F-Score Chart

Longterm Games Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A N/A 6.00 4.00

Longterm Games Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 N/A 5.00 N/A 4.00 6.00

Competitive Comparison of Longterm Games's Piotroski F-Score

For the Electronic Gaming & Multimedia subindustry, Longterm Games'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.


Longterm Games's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Longterm Games's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Longterm Games'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -0.037 + -0.039 + -0.037 + 0.392 = zł0.28 Mil.
Cash Flow from Operations was -0.066 + -0.039 + -0.093 + -0.011 = zł-0.21 Mil.
Revenue was 0.004 + 0.006 + 0.005 + 0.01 = zł0.03 Mil.
Gross Profit was 0.041 + 0.004 + 0.068 + 0.007 = zł0.12 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(0.884 + 0.845 + 0.801 + 0.306 + 0.696) / 5 = zł0.7064 Mil.
Total Assets at the begining of this year (Mar24) was zł0.88 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł0.69 Mil.
Total Current Liabilities was zł0.01 Mil.
Net Income was -0.017 + -0.036 + -0.395 + -0.072 = zł-0.52 Mil.

Revenue was 0.05 + 0.016 + 0.018 + 0.006 = zł0.09 Mil.
Gross Profit was 0.058 + 0.095 + 0.026 + 0.077 = zł0.26 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(1.413 + 1.399 + 1.351 + 0.967 + 0.884) / 5 = zł1.2028 Mil.
Total Assets at the begining of last year (Mar23) was zł1.41 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł0.78 Mil.
Total Current Liabilities was zł0.01 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.

Longterm Games's current Net Income (TTM) was 0.28. ==> 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.

Longterm Games's current Cash Flow from Operations (TTM) was -0.21. ==> 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 (Mar24)
=0.279/0.884
=0.31561086

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-0.52/1.413
=-0.36801132

Longterm Games's return on assets of this year was 0.31561086. Longterm Games's return on assets of last year was -0.36801132. ==> 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.

Longterm Games's current Net Income (TTM) was 0.28. Longterm Games's current Cash Flow from Operations (TTM) was -0.21. ==> -0.21 <= 0.28 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/0.7064
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/1.2028
=0

Longterm Games's gearing of this year was 0. Longterm Games's gearing of last year was 0. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=0.694/0.005
=138.8

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=0.777/0.01
=77.7

Longterm Games's current ratio of this year was 138.8. Longterm Games's current ratio of last year was 77.7. ==> 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.

Longterm Games's number of shares in issue this year was 1.286. Longterm Games's number of shares in issue last year was 1.286. ==> 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
=0.12/0.025
=4.8

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.256/0.09
=2.84444444

Longterm Games's gross margin of this year was 4.8. Longterm Games's gross margin of last year was 2.84444444. ==> 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 (Mar24)
=0.025/0.884
=0.02828054

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=0.09/1.413
=0.06369427

Longterm Games's asset turnover of this year was 0.02828054. Longterm Games's asset turnover of last year was 0.06369427. ==> 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+1+1+0
=6

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

Longterm Games has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Longterm Games  (WAR:LTM) 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.


Longterm Games Piotroski F-Score Related Terms

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Longterm Games Business Description

Traded in Other Exchanges
N/A
Address
ul. Foksal 16/417, Warsaw, POL, 00-372
Longterm Games SA is a publisher and developer of PC and console games, based in Poland. It generates income from the sale of the basic version as well as from add-ons, multiplayer modes (co-op), packages with access to all expansions (the so-called season pass), and subsequent parts (sequels).