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PT BerdiKari pondasi Perkasa Tbk (ISX:BDKR) Piotroski F-Score : N/A (As of Apr. 06, 2025)


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What is PT BerdiKari pondasi Perkasa 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 BerdiKari pondasi Perkasa Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score or its related term are showing as below:

During the past 3 years, the highest Piotroski F-Score of PT BerdiKari pondasi Perkasa Tbk was 3. The lowest was 3. And the median was 3.


PT BerdiKari pondasi Perkasa Tbk Piotroski F-Score Historical Data

The historical data trend for PT BerdiKari pondasi Perkasa 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 BerdiKari pondasi Perkasa Tbk Piotroski F-Score Chart

PT BerdiKari pondasi Perkasa Tbk Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 3.00

PT BerdiKari pondasi Perkasa Tbk Quarterly Data
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 N/A 3.00 N/A N/A N/A

Competitive Comparison of PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score

For the Engineering & Construction subindustry, PT BerdiKari pondasi Perkasa 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 BerdiKari pondasi Perkasa Tbk's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT BerdiKari pondasi Perkasa 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 19350.879 + 14482.452 + 14035.645 + 14877.914 = Rp62,747 Mil.
Cash Flow from Operations was 22473.166 + -73465.239 + -52630.563 + -8638.203 = Rp-112,261 Mil.
Revenue was 167785.869 + 120072.167 + 127624.021 + 107995.561 = Rp523,478 Mil.
Gross Profit was 82919.394 + 49284.847 + 55079.614 + 47581.695 = Rp234,866 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1472318.073 + 1548251.539 + 1501726.174 + 1470303.256 + 1443415.532) / 5 = Rp1487202.9148 Mil.
Total Assets at the begining of this year (Sep23) was Rp1,472,318 Mil.
Long-Term Debt & Capital Lease Obligation was Rp207,325 Mil.
Total Current Assets was Rp678,267 Mil.
Total Current Liabilities was Rp275,625 Mil.
Net Income was 13673.188 + 18129.164 + 16269.91 + 25559.66 = Rp73,632 Mil.

Revenue was 132735.78 + 144933.304 + 133744.454 + 166998.076 = Rp578,412 Mil.
Gross Profit was 30270.824 + 60733.046 + 55435.173 + 63510.257 = Rp209,949 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0 + 1279953.349 + 1469722.881 + 0 + 1472318.073) / 5 = Rp1407331.4343333 Mil.
Total Assets at the begining of last year (Sep22) was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp104,905 Mil.
Total Current Assets was Rp617,524 Mil.
Total Current Liabilities was Rp426,266 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 BerdiKari pondasi Perkasa Tbk's current Net Income (TTM) was 62,747. ==> 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 BerdiKari pondasi Perkasa Tbk's current Cash Flow from Operations (TTM) was -112,261. ==> Negative ==> Score 0.

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)
=62746.89/1472318.073
=0.04261775

ROA (Last Year)=Net Income/Total Assets (Sep22)
=73631.922/0
=

PT BerdiKari pondasi Perkasa Tbk's return on assets of this year was 0.04261775. PT BerdiKari pondasi Perkasa Tbk'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.

PT BerdiKari pondasi Perkasa Tbk's current Net Income (TTM) was 62,747. PT BerdiKari pondasi Perkasa Tbk's current Cash Flow from Operations (TTM) was -112,261. ==> -112,261 <= 62,747 ==> CFROA <= ROA ==> Score 0.

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
=207325.455/1487202.9148
=0.1394063

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=104904.917/1407331.4343333
=0.07454173

PT BerdiKari pondasi Perkasa Tbk's gearing of this year was 0.1394063. PT BerdiKari pondasi Perkasa Tbk's gearing of last year was 0.07454173. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=678267.342/275624.889
=2.46083488

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=617523.857/426265.89
=1.44868232

PT BerdiKari pondasi Perkasa Tbk's current ratio of this year was 2.46083488. PT BerdiKari pondasi Perkasa Tbk's current ratio of last year was 1.44868232. ==> 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 BerdiKari pondasi Perkasa Tbk's number of shares in issue this year was 4725.102. PT BerdiKari pondasi Perkasa Tbk's number of shares in issue last year was 4709.715. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=234865.55/523477.618
=0.44866398

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209949.3/578411.614
=0.3629756

PT BerdiKari pondasi Perkasa Tbk's gross margin of this year was 0.44866398. PT BerdiKari pondasi Perkasa Tbk's gross margin of last year was 0.3629756. ==> 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 (Sep23)
=523477.618/1472318.073
=0.35554655

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=578411.614/0
=

PT BerdiKari pondasi Perkasa Tbk's asset turnover of this year was 0.35554655. PT BerdiKari pondasi Perkasa Tbk'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
=1+0+1+0+0+1+0+1+1
=5

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

PT BerdiKari pondasi Perkasa Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

PT BerdiKari pondasi Perkasa Tbk  (ISX:BDKR) 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 BerdiKari pondasi Perkasa Tbk Piotroski F-Score Related Terms

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PT BerdiKari pondasi Perkasa Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pangeran Tubagus Angke No. 99, Kelurahan Wijaya Kusuma, Grogol Petamburan, Jakarta, IDN, 11460
PT BerdiKari pondasi Perkasa Tbk specializes in foundation, ground improvement, marine and jetty construction, heavy lift, and crane rental. It has two reportable segments Construction Services and Rental in which the Rental segment generates the majority of its revenue.

PT BerdiKari pondasi Perkasa Tbk Headlines

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