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Dana (DAN) Piotroski F-Score : 5 (As of Oct. 31, 2024)


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What is Dana 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

Dana has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

DAN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Dana was 7. The lowest was 3. And the median was 6.


Dana Piotroski F-Score Historical Data

The historical data trend for Dana'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.

Dana Piotroski F-Score Chart

Dana 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 6.00 3.00 6.00 5.00 7.00

Dana Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 7.00 7.00 5.00 -

Competitive Comparison of Dana's Piotroski F-Score

For the Auto Parts subindustry, Dana'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.


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

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

* The bar in red indicates where Dana'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -39 + 3 + 16 + 4 = $-16 Mil.
Cash Flow from Operations was 278 + -102 + 215 + 35 = $426 Mil.
Revenue was 2494 + 2735 + 2738 + 2476 = $10,443 Mil.
Gross Profit was 164 + 244 + 255 + 245 = $908 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(7937 + 7965 + 7857 + 7808 + 7859) / 5 = $7885.2 Mil.
Total Assets at the begining of this year (Sep23) was $7,937 Mil.
Long-Term Debt & Capital Lease Obligation was $2,706 Mil.
Total Current Assets was $4,054 Mil.
Total Current Liabilities was $2,716 Mil.
Net Income was -179 + 28 + 30 + 19 = $-102 Mil.

Revenue was 2555 + 2644 + 2748 + 2669 = $10,616 Mil.
Gross Profit was 180 + 229 + 271 + 236 = $916 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(7662 + 7449 + 7893 + 8046 + 7937) / 5 = $7797.4 Mil.
Total Assets at the begining of last year (Sep22) was $7,662 Mil.
Long-Term Debt & Capital Lease Obligation was $2,850 Mil.
Total Current Assets was $4,220 Mil.
Total Current Liabilities was $2,670 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.

Dana's current Net Income (TTM) was -16. ==> 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.

Dana's current Cash Flow from Operations (TTM) was 426. ==> 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 (Sep23)
=-16/7937
=-0.00201588

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-102/7662
=-0.01331245

Dana's return on assets of this year was -0.00201588. Dana's return on assets of last year was -0.01331245. ==> 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.

Dana's current Net Income (TTM) was -16. Dana's current Cash Flow from Operations (TTM) was 426. ==> 426 > -16 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=2706/7885.2
=0.34317455

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2850/7797.4
=0.36550645

Dana's gearing of this year was 0.34317455. Dana's gearing of last year was 0.36550645. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=4054/2716
=1.49263623

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=4220/2670
=1.58052434

Dana's current ratio of this year was 1.49263623. Dana's current ratio of last year was 1.58052434. ==> 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.

Dana's number of shares in issue this year was 145.1. Dana's number of shares in issue last year was 144.7. ==> 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
=908/10443
=0.08694819

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=916/10616
=0.08628485

Dana's gross margin of this year was 0.08694819. Dana's gross margin of last year was 0.08628485. ==> 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 (Sep23)
=10443/7937
=1.31573642

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=10616/7662
=1.38553902

Dana's asset turnover of this year was 1.31573642. Dana's asset turnover of last year was 1.38553902. ==> 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+1+1+1+0+0+1+0
=5

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

Dana has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Dana  (NYSE:DAN) 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.


Dana Piotroski F-Score Related Terms

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Dana Business Description

Traded in Other Exchanges
Address
3939 Technology Drive, Maumee, OH, USA, 43537
Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.
Executives
James D Kellett officer: VP & Chief Accounting Officer 3946 WRENS NEST BLVD, MAUMEE OH 43537
Jeroen Decleer officer: SVP & Pres Off-Highway Drive GEMENEWEIDEWEG-NOORD 18, BRUGGE C9 8310
Aziz Aghili officer: Pres Off-Hwy Technologies & AP 5706 KIRKRIDGE TRAIL, ROCHESTER HILLS MI 48306
James Kevin Kamsickas director, officer: President & CEO 44011 CYPRESS POINT DRIVE, NORTHVILLE MI 48168
Byron S Foster officer: Pres, Light Veh Drive Systems 30 ISABELLA ST., PITTSBURGH PA 15212
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Ernesto M Hernandez director C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Timothy R Kraus officer: SVP & Chief Financial Officer 812, PILGRAM AVENUE, BIRMINGHAM MI 48009
Robert D Pyle officer: Pres, Light Vehicle Driveline 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Jonathan Mark Collins officer: SVP & Chief Financial Officer 50196 VENICE COURT, NORTHVILLE MI 48168
Ryan Laskey officer: SVP - Commercial Veh Drive 9332 CRISTAL MARIE CT, TEMPERANCE MI 48182
Antonio Valencia officer: Pres. Power Technologies Group 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Keith E Wandell director
Bridget E Karlin director 3 TALL TREE LANE, PLEASANTVILLE NY 10570