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PT Pacific Strategic Financial Tbk (ISX:APIC) Piotroski F-Score : 6 (As of Apr. 06, 2025)


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What is PT Pacific Strategic Financial Tbk 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

PT Pacific Strategic Financial Tbk 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 PT Pacific Strategic Financial Tbk's Piotroski F-Score or its related term are showing as below:

ISX:APIC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of PT Pacific Strategic Financial Tbk was 9. The lowest was 2. And the median was 5.


PT Pacific Strategic Financial Tbk Piotroski F-Score Historical Data

The historical data trend for PT Pacific Strategic Financial Tbk'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.

PT Pacific Strategic Financial Tbk Piotroski F-Score Chart

PT Pacific Strategic Financial Tbk 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 7.00 5.00 5.00 4.00 5.00

PT Pacific Strategic Financial Tbk 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 5.00 5.00 6.00 6.00

Competitive Comparison of PT Pacific Strategic Financial Tbk's Piotroski F-Score

For the Insurance - Life subindustry, PT Pacific Strategic Financial Tbk'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.


PT Pacific Strategic Financial Tbk's Piotroski F-Score Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PT Pacific Strategic Financial Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Pacific Strategic Financial Tbk'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -29567.063 + 97605.483 + 22409.454 + 9051.789 = Rp99,500 Mil.
Cash Flow from Operations was 408680.44 + 58057.777 + -99745.94 + -91791.904 = Rp275,200 Mil.
Revenue was 532798.412 + 582271.639 + 353524.406 + 498464.095 = Rp1,967,059 Mil.
Gross Profit was 539.373 + 123965.078 + -72144.383 + 29931.711 = Rp82,292 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(7205269.686 + 6717297.021 + 7270912.672 + 7008899.348 + 7303801.806) / 5 = Rp7101236.1066 Mil.
Total Assets at the begining of this year (Sep23) was Rp7,205,270 Mil.
Long-Term Debt & Capital Lease Obligation was Rp619,887 Mil.
Total Current Assets was Rp3,744,812 Mil.
Total Current Liabilities was Rp1,611,052 Mil.
Net Income was 51623.98 + 105935.536 + -4732.195 + 33264.118 = Rp186,091 Mil.

Revenue was 548717.882 + 595347.656 + 362701.315 + 596062.783 = Rp2,102,830 Mil.
Gross Profit was 83773.603 + 142167.027 + -90892.827 + 111218.015 = Rp246,266 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(6714945.999 + 6857140.243 + 6596965.057 + 6999306.964 + 7205269.686) / 5 = Rp6874725.5898 Mil.
Total Assets at the begining of last year (Sep22) was Rp6,714,946 Mil.
Long-Term Debt & Capital Lease Obligation was Rp666,789 Mil.
Total Current Assets was Rp3,275,149 Mil.
Total Current Liabilities was Rp1,730,928 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.

PT Pacific Strategic Financial Tbk's current Net Income (TTM) was 99,500. ==> 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.

PT Pacific Strategic Financial Tbk's current Cash Flow from Operations (TTM) was 275,200. ==> 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)
=99499.663/7205269.686
=0.01380929

ROA (Last Year)=Net Income/Total Assets (Sep22)
=186091.439/6714945.999
=0.02771302

PT Pacific Strategic Financial Tbk's return on assets of this year was 0.01380929. PT Pacific Strategic Financial Tbk's return on assets of last year was 0.02771302. ==> Last year is higher ==> Score 0.

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.

PT Pacific Strategic Financial Tbk's current Net Income (TTM) was 99,500. PT Pacific Strategic Financial Tbk's current Cash Flow from Operations (TTM) was 275,200. ==> 275,200 > 99,500 ==> 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
=619886.999/7101236.1066
=0.08729283

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=666788.705/6874725.5898
=0.09699132

PT Pacific Strategic Financial Tbk's gearing of this year was 0.08729283. PT Pacific Strategic Financial Tbk's gearing of last year was 0.09699132. ==> 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
=3744811.731/1611052.257
=2.32445081

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=3275149.271/1730927.546
=1.89213539

PT Pacific Strategic Financial Tbk's current ratio of this year was 2.32445081. PT Pacific Strategic Financial Tbk's current ratio of last year was 1.89213539. ==> 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.

PT Pacific Strategic Financial Tbk's number of shares in issue this year was 11766.313. PT Pacific Strategic Financial Tbk's number of shares in issue last year was 11766.313. ==> 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
=82291.779/1967058.552
=0.04183494

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=246265.818/2102829.636
=0.11711164

PT Pacific Strategic Financial Tbk's gross margin of this year was 0.04183494. PT Pacific Strategic Financial Tbk's gross margin of last year was 0.11711164. ==> 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 (Sep23)
=1967058.552/7205269.686
=0.27300277

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=2102829.636/6714945.999
=0.3131566

PT Pacific Strategic Financial Tbk's asset turnover of this year was 0.27300277. PT Pacific Strategic Financial Tbk's asset turnover of last year was 0.3131566. ==> 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+1+0+1+1+1+1+0+0
=6

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

PT Pacific Strategic Financial Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PT Pacific Strategic Financial Tbk  (ISX:APIC) 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.


PT Pacific Strategic Financial Tbk Piotroski F-Score Related Terms

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PT Pacific Strategic Financial Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jlalan Jend. Gatot Subroto No. 38, Menara (Utara) Lt. 12A, Jakarta Selatan, IDN, 12710
PT Pacific Strategic Financial Tbk is an Indonesian company that carries activities as an investment company and engages in capital investment through its subsidiaries. It runs its business in the field of investment on securities trading, investment managers, and financial management, as well as other financing institutions. The services provided by the company through its subsidiaries include investment management services for mutual funds and other investments; financial management services as well as venture capital and consumer financing; and conventional and sharia life insurance services.

PT Pacific Strategic Financial Tbk Headlines

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