Piotroski F-Score is 7, 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
PT Astra Graphia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Astra Graphia Tbk's Piotroski F-Score or its related term are showing as below:
ISX:ASGR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Astra Graphia Tbk was 9. The lowest was 4. And the median was 6.
PT Astra Graphia Tbk Piotroski F-Score Historical Data
The historical data trend for PT Astra Graphia 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.
Competitive Comparison of PT Astra Graphia Tbk's Piotroski F-Score
For the Specialty Business Services subindustry, PT Astra Graphia 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 Astra Graphia Tbk's Piotroski F-Score Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, PT Astra Graphia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Astra Graphia Tbk'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 41886 + 57443 + 16704 + 29328 = Rp145,361 Mil. Cash Flow from Operations was -11372 + 73759 + 138451 + -40572 = Rp160,266 Mil. Revenue was 630427 + 765425 + 890603 + 611361 = Rp2,897,816 Mil. Gross Profit was 150613 + 177656 + 159638 + 145838 = Rp633,745 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(2541730 + 2525705 + 2631602 + 2682813 + 2575246) / 5 = Rp2591419.2 Mil. Total Assets at the begining of this year (Mar23) was Rp2,541,730 Mil. Long-Term Debt & Capital Lease Obligation was Rp28,117 Mil. Total Current Assets was Rp2,083,225 Mil. Total Current Liabilities was Rp686,782 Mil.
Net Income was 15609 + 32897 + 32787 + 25040 = Rp106,333 Mil.
Revenue was 613153 + 814007 + 864415 + 682497 = Rp2,974,072 Mil. Gross Profit was 128457 + 147220 + 186433 + 153839 = Rp615,949 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2308513 + 2400889 + 2428841 + 2677651 + 2541730) / 5 = Rp2471524.8 Mil. Total Assets at the begining of last year (Mar22) was Rp2,308,513 Mil. Long-Term Debt & Capital Lease Obligation was Rp25,760 Mil. Total Current Assets was Rp2,067,655 Mil. Total Current Liabilities was Rp758,556 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 Astra Graphia Tbk's current Net Income (TTM) was 145,361.
==> 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 Astra Graphia Tbk's current Cash Flow from Operations (TTM) was 160,266.
==> 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.
PT Astra Graphia Tbk's return on assets of this year was 0.05718979. PT Astra Graphia Tbk's return on assets of last year was 0.04606125.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Astra Graphia Tbk's gearing of this year was 0.01085004. PT Astra Graphia Tbk's gearing of last year was 0.01042272.
==> 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
PT Astra Graphia Tbk's current ratio of this year was 3.03331334. PT Astra Graphia Tbk's current ratio of last year was 2.72577766.
==> 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 Astra Graphia Tbk's number of shares in issue this year was 1349. PT Astra Graphia Tbk's number of shares in issue last year was 1349.
==> 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.
PT Astra Graphia Tbk's gross margin of this year was 0.21869746. PT Astra Graphia Tbk's gross margin of last year was 0.20710628.
==> 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
PT Astra Graphia Tbk's asset turnover of this year was 1.14009592. PT Astra Graphia Tbk's asset turnover of last year was 1.28830637.
==> 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
+
1
+
1
+
0
+
1
+
1
+
1
+
0
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Astra Graphia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
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.
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 Astra Graphia Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Astra Graphia Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Astra Graphia Tbk (ISX:ASGR) Business Description
PT Astra Graphia Tbk is an Indonesian company that provides document, information, and communication technology solutions. The Company is engaged in trading, industrial, consulting services, office equipment and supplies contractor services, information technology, telecommunications, and investments in other companies and/or other legal entities and also provides information and communication solutions such as digital printing services for variable data services, office supplies, and office products delivery services. It organizes its business into three segments namely Document solutions, Information technology solutions, and office service solutions.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ISX:ASGR has been successfully added to your 