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Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Life Time Group Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Life Time Group Holdings's Piotroski F-Score or its related term are showing as below:
During the past 6 years, the highest Piotroski F-Score of Life Time Group Holdings was 8. The lowest was 5. And the median was 7.
The historical data trend for Life Time Group Holdings'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.
Life Time Group Holdings Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Piotroski F-Score | Get a 7-Day Free Trial | N/A | N/A | N/A | 5.00 | 8.00 |
Life Time Group Holdings Quarterly Data | ||||||||||||||||||
Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Piotroski F-Score | Get a 7-Day Free Trial | N/A | 7.00 | 7.00 | 8.00 | 8.00 |
For the Leisure subindustry, Life Time Group Holdings'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Life Time Group Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Life Time Group Holdings'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 17.004 + 7.915 + 23.684 + 24.917 = $74 Mil. Cash Flow from Operations was 141.943 + 114.655 + 132.058 + 90.407 = $479 Mil. Revenue was 561.731 + 585.177 + 558.834 + 596.717 = $2,302 Mil. Gross Profit was 259.128 + 265.776 + 270.577 + 274.817 = $1,070 Mil. Average Total Assets from the begining of this year (Mar23) to the end of this year (Mar24) was (6735.302 + 6828.036 + 6897.063 + 7032.141 + 7093.637) / 5 = $6917.2358 Mil. Total Assets at the begining of this year (Mar23) was $6,735 Mil. Long-Term Debt & Capital Lease Obligation was $4,242 Mil. Total Current Assets was $191 Mil. Total Current Liabilities was $450 Mil. |
Net Income was -2.285 + 24.732 + 13.726 + 27.46 = $64 Mil. Revenue was 461.267 + 496.381 + 472.655 + 510.851 = $1,941 Mil. Gross Profit was 181.71 + 201.128 + 218.83 + 236.742 = $838 Mil. Average Total Assets from the begining of last year (Mar22) to the end of last year (Mar23) was (6333.44 + 6499.244 + 6601.547 + 6625.363 + 6735.302) / 5 = $6558.9792 Mil. Total Assets at the begining of last year (Mar22) was $6,333 Mil. Long-Term Debt & Capital Lease Obligation was $4,014 Mil. Total Current Assets was $157 Mil. Total Current Liabilities was $476 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.
Life Time Group Holdings's current Net Income (TTM) was 74.
==> 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.
Life Time Group Holdings's current Cash Flow from Operations (TTM) was 479.
==> 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 (Mar23) |
= | 73.52 | / | 6735.302 | |
= | 0.01091562 |
ROA (Last Year) | = | Net Income | / | Total Assets (Mar22) |
= | 63.633 | / | 6333.44 | |
= | 0.01004715 |
Life Time Group Holdings's return on assets of this year was 0.01091562. Life Time Group Holdings's return on assets of last year was 0.01004715.
==> 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.
Life Time Group Holdings's current Net Income (TTM) was 74. Life Time Group Holdings's current Cash Flow from Operations (TTM) was 479.
==> 479 > 74 ==> 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: Mar24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar23 to Mar24 |
= | 4241.916 | / | 6917.2358 | |
= | 0.6132386 |
Gearing (Last Year: Mar23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar22 to Mar23 |
= | 4014.383 | / | 6558.9792 | |
= | 0.61204387 |
Life Time Group Holdings's gearing of this year was 0.6132386. Life Time Group Holdings's gearing of last year was 0.61204387.
==> 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 |
= | 191.47 | / | 449.519 | |
= | 0.42594418 |
Current Ratio (Last Year: Mar23) | = | Total Current Assets | / | Total Current Liabilities |
= | 156.873 | / | 476.402 | |
= | 0.32928703 |
Life Time Group Holdings's current ratio of this year was 0.42594418. Life Time Group Holdings's current ratio of last year was 0.32928703.
==> 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.
Life Time Group Holdings's number of shares in issue this year was 202.756. Life Time Group Holdings's number of shares in issue last year was 202.855.
==> 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 |
= | 1070.298 | / | 2302.459 | |
= | 0.46484997 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 838.41 | / | 1941.154 | |
= | 0.43191318 |
Life Time Group Holdings's gross margin of this year was 0.46484997. Life Time Group Holdings's gross margin of last year was 0.43191318.
==> 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) |
= | 2302.459 | / | 6735.302 | |
= | 0.34184941 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar22) |
= | 1941.154 | / | 6333.44 | |
= | 0.30649284 |
Life Time Group Holdings's asset turnover of this year was 0.34184941. Life Time Group Holdings's asset turnover of last year was 0.30649284.
==> 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 |
= | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 1 | + | 1 | |
= | 8 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Life Time Group Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Life Time Group Holdings (NYSE:LTH) 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.
Thank you for viewing the detailed overview of Life Time Group Holdings's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Bahram Akradi | director, 10 percent owner, officer: Founder & CEO | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Erik Weaver | officer: SVP & Controller | C/O ORTHO-CLINICAL DIAGNOSTICS, INC., 1001 ROUTE 202, RARITAN NJ 08869 |
Robert P. Houghton | officer: EVP & CHIEF FINANCIAL OFFICER | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Teacher Retirement System Of Texas | other: Member of a group that is 10% | 1000 RED RIVER STREET, AUSTIN TX 78701 |
Donna Coallier | director | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Jon Winkelried | 10 percent owner | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Tpg Gp A, Llc | 10 percent owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Jimena Almendares | director | C/O LIFE TIME GROUP HOLDINGS, INC., 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Lnk Life Time Fund, L.p. | director, 10 percent owner | 81 MAIN STREET, WHITE PLAINS NY 10601 |
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Green Ltf Holdings Ii Lp | director, 10 percent owner | 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025 |
Simon Property Group Inc /de/ | 10 percent owner | 225 WEST WASHINGTON STREET, INDIANAPOLIS IN 46204-3438 |
John Kristofer Galashan | director, 10 percent owner | LEONARD, GREEN & PARTNERS, 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025 |
Jss Ltf Holdings Ltd | 10 percent owner | MARCY BUILDING, PURCELL ESTATE, P.O. BOX 2416, ROAD TOWN, TORTOLA D8 VG1110 |
Lifeco Llc | 10 percent owner | 499 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022 |
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