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PT Centratama Telekomunikasi Indonesia Tbk (ISX:CENT) Piotroski F-Score : 6 (As of Mar. 28, 2025)


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What is PT Centratama Telekomunikasi Indonesia 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 Centratama Telekomunikasi Indonesia 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 Centratama Telekomunikasi Indonesia Tbk's Piotroski F-Score or its related term are showing as below:

ISX:CENT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of PT Centratama Telekomunikasi Indonesia Tbk was 7. The lowest was 3. And the median was 5.


PT Centratama Telekomunikasi Indonesia Tbk Piotroski F-Score Historical Data

The historical data trend for PT Centratama Telekomunikasi Indonesia 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 Centratama Telekomunikasi Indonesia Tbk Piotroski F-Score Chart

PT Centratama Telekomunikasi Indonesia 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 6.00 6.00 5.00 5.00 7.00

PT Centratama Telekomunikasi Indonesia 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 4.00 7.00 5.00 4.00 6.00

Competitive Comparison of PT Centratama Telekomunikasi Indonesia Tbk's Piotroski F-Score

For the Telecom Services subindustry, PT Centratama Telekomunikasi Indonesia 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 Centratama Telekomunikasi Indonesia Tbk's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Centratama Telekomunikasi Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Centratama Telekomunikasi Indonesia 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 -118327 + -551507 + -634940 + 404078 = Rp-900,696 Mil.
Cash Flow from Operations was 431629 + 603812 + 540501 + 384677 = Rp1,960,619 Mil.
Revenue was 675492 + 618575 + 614278 + 621535 = Rp2,529,880 Mil.
Gross Profit was 312098 + 284464 + 284015 + 286502 = Rp1,167,079 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(19853004 + 20040897 + 20086348 + 20144862 + 20060181) / 5 = Rp20037058.4 Mil.
Total Assets at the begining of this year (Sep23) was Rp19,853,004 Mil.
Long-Term Debt & Capital Lease Obligation was Rp18,922,269 Mil.
Total Current Assets was Rp1,639,377 Mil.
Total Current Liabilities was Rp2,849,462 Mil.
Net Income was -1130792 + 40393 + -290964 + -475500 = Rp-1,856,863 Mil.

Revenue was 583722 + 601273 + 621579 + 624600 = Rp2,431,174 Mil.
Gross Profit was 256050 + 293562 + 304212 + 292523 = Rp1,146,347 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(20431792 + 20101049 + 20238350 + 20159305 + 19853004) / 5 = Rp20156700 Mil.
Total Assets at the begining of last year (Sep22) was Rp20,431,792 Mil.
Long-Term Debt & Capital Lease Obligation was Rp18,142,077 Mil.
Total Current Assets was Rp1,395,675 Mil.
Total Current Liabilities was Rp2,667,091 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 Centratama Telekomunikasi Indonesia Tbk's current Net Income (TTM) was -900,696. ==> Negative ==> Score 0.

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 Centratama Telekomunikasi Indonesia Tbk's current Cash Flow from Operations (TTM) was 1,960,619. ==> 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)
=-900696/19853004
=-0.04536825

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-1856863/20431792
=-0.09088106

PT Centratama Telekomunikasi Indonesia Tbk's return on assets of this year was -0.04536825. PT Centratama Telekomunikasi Indonesia Tbk's return on assets of last year was -0.09088106. ==> 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 Centratama Telekomunikasi Indonesia Tbk's current Net Income (TTM) was -900,696. PT Centratama Telekomunikasi Indonesia Tbk's current Cash Flow from Operations (TTM) was 1,960,619. ==> 1,960,619 > -900,696 ==> 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
=18922269/20037058.4
=0.94436362

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=18142077/20156700
=0.90005194

PT Centratama Telekomunikasi Indonesia Tbk's gearing of this year was 0.94436362. PT Centratama Telekomunikasi Indonesia Tbk's gearing of last year was 0.90005194. ==> 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
=1639377/2849462
=0.57532861

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1395675/2667091
=0.52329486

PT Centratama Telekomunikasi Indonesia Tbk's current ratio of this year was 0.57532861. PT Centratama Telekomunikasi Indonesia Tbk's current ratio of last year was 0.52329486. ==> 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 Centratama Telekomunikasi Indonesia Tbk's number of shares in issue this year was 31183.465. PT Centratama Telekomunikasi Indonesia Tbk's number of shares in issue last year was 31183.465. ==> 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
=1167079/2529880
=0.46131793

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1146347/2431174
=0.47151993

PT Centratama Telekomunikasi Indonesia Tbk's gross margin of this year was 0.46131793. PT Centratama Telekomunikasi Indonesia Tbk's gross margin of last year was 0.47151993. ==> 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)
=2529880/19853004
=0.12743059

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=2431174/20431792
=0.11898976

PT Centratama Telekomunikasi Indonesia Tbk's asset turnover of this year was 0.12743059. PT Centratama Telekomunikasi Indonesia Tbk's asset turnover of last year was 0.11898976. ==> 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
=0+1+1+1+0+1+1+0+1
=6

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

PT Centratama Telekomunikasi Indonesia Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PT Centratama Telekomunikasi Indonesia Tbk  (ISX:CENT) 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 Centratama Telekomunikasi Indonesia Tbk Piotroski F-Score Related Terms

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PT Centratama Telekomunikasi Indonesia Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan KH. Mas Mansyur Kav. 126, TCC Batavia Tower One 16th and 19th Floor, Jakarta Pusat, Jakarta, IDN, 10220
PT Centratama Telekomunikasi Indonesia Tbk is an Indonesia-based company mainly engaged in provisioning telecommunication infrastructure solutions and services. It operates through the following segments: Towers Lease, and In-Building-Coverage Lease & Internet Services. It provides services, leases, and management of telecommunication towers and tools, consultation services in the telecommunication field, management consulting services, and business administration. Geographically, it operates through the region of Indonesia and derives revenue from the Tower lease segment.