Luda Technology Group Limited
LUD Basic Materials Steel
Luda Technology Group Limited’s revenue for fiscal 2025 (year ended December 2025) was $33.5 million, down 25.2% from fiscal 2024.
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Luda Technology Group Limited (LUD) Piotroski F-score
Luda Technology Group Limited's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (2.00) |
| FY2024 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.26% | (0.84%) | Pass | 1 |
| Positive operating cash flow | (1.71m) | 5.46m | Fail | 0 |
| Rising return on assets | 1.26% | (0.84%) | Pass | 1 |
| Cash flow above net income | (2.27m) | 5.82m | Fail | 0 |
| Falling long-term leverage | 0.04 | 0.01 | Fail | 0 |
| Rising current ratio | 1.63 | 1.23 | Pass | 1 |
| No new shares issued | 22,243,000 | 20,000,000 | Fail | 0 |
| Rising gross margin | 17.65% | 25.42% | Fail | 0 |
| Rising asset turnover | 0.76 | 1.04 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| NWPX NWPX Infrastructure, Inc. compare | 9 |
| MSB Mesabi Trust compare | 6 |
| INHD Inno Holdings Inc. compare | 5 |
| FRD Friedman Industries Inc. compare | 5 |
| MTUS Metallus Inc. compare | 5 |
| ZKIN ZK International Group Co., Ltd. compare | 3 |
| LUD Luda Technology Group Limited | 3 |
| HUDI Huadi International Group Co., Ltd. compare | 1 |
| ASTL Algoma Steel Group Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover