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Lionsgate Studios (Lionsgate Studios) Piotroski F-Score : N/A (As of May. 27, 2024)


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What is Lionsgate Studios 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

Lionsgate Studios 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 Lionsgate Studios's Piotroski F-Score or its related term are showing as below:


Lionsgate Studios Piotroski F-Score Historical Data

The historical data trend for Lionsgate Studios'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.

Lionsgate Studios Piotroski F-Score Chart

Lionsgate Studios Annual Data
Trend Mar21 Mar22 Mar23
Piotroski F-Score
- - -

Lionsgate Studios Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23
Piotroski F-Score - - - - -

Competitive Comparison of Lionsgate Studios's Piotroski F-Score

For the Entertainment subindustry, Lionsgate Studios'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.


Lionsgate Studios's Piotroski F-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Lionsgate Studios's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lionsgate Studios'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was $-0 Mil.
Cash Flow from Operations was $346 Mil.
Revenue was $3,084 Mil.
Gross Profit was $876 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (4325.7 + 4412.7) / 2 = $4369.2 Mil.
Total Assets at the begining of this year (Mar22) was $4,326 Mil.
Long-Term Debt & Capital Lease Obligation was $2,219 Mil.
Total Current Assets was $1,152 Mil.
Total Current Liabilities was $2,109 Mil.
Net Income was $11 Mil.

Revenue was $2,716 Mil.
Gross Profit was $794 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (0 + 4325.7) / 2 = $4325.7 Mil.
Total Assets at the begining of last year (Mar21) was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,882 Mil.
Total Current Assets was $1,012 Mil.
Total Current Liabilities was $1,887 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.

Lionsgate Studios's current Net Income (TTM) was -0. ==> 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.

Lionsgate Studios's current Cash Flow from Operations (TTM) was 346. ==> 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 (Mar22)
=-0.3/4325.7
=-6.935E-5

ROA (Last Year)=Net Income/Total Assets (Mar21)
=11.1/0
=

Lionsgate Studios's return on assets of this year was -6.935E-5. Lionsgate Studios's return on assets of last year was . ==> 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.

Lionsgate Studios's current Net Income (TTM) was -0. Lionsgate Studios's current Cash Flow from Operations (TTM) was 346. ==> 346 > -0 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2218.6/4369.2
=0.50778174

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=1882.2/4325.7
=0.43512033

Lionsgate Studios's gearing of this year was 0.50778174. Lionsgate Studios's gearing of last year was 0.43512033. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=1152/2108.8
=0.54628225

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=1012/1887.1
=0.53627259

Lionsgate Studios's current ratio of this year was 0.54628225. Lionsgate Studios's current ratio of last year was 0.53627259. ==> 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.

Lionsgate Studios's number of shares in issue this year was 286.758. Lionsgate Studios's number of shares in issue last year was 286.758. ==> 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
=875.9/3083.8
=0.28403269

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=794.2/2716.3
=0.29238302

Lionsgate Studios's gross margin of this year was 0.28403269. Lionsgate Studios's gross margin of last year was 0.29238302. ==> 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 (Mar22)
=3083.8/4325.7
=0.71290196

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=2716.3/0
=

Lionsgate Studios's asset turnover of this year was 0.71290196. Lionsgate Studios's asset turnover of last year was . ==> 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
=0+1+1+1+0+1+1+0+1
=6

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

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

Lionsgate Studios  (NAS:LION) 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.


Lionsgate Studios Piotroski F-Score Related Terms

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Lionsgate Studios (Lionsgate Studios) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
250 Howe Street, 20th Floor, Vancouver, BC, CAN, V6C 3R8
Lionsgate Studios Corp is a company encompasses world-class motion picture and television studio operations and the STARZ-branded premium global subscription platforms to bring a unique and varied portfolio of entertainment to consumers around the world. The Studio Business consists of the Motion Picture and Television Production reportable segments, together with substantially all of Lionsgate's corporate general and administrative costs. Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction programming.