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PT Diamond Food Indonesia Tbk (ISX:DMND) Piotroski F-Score : 6 (As of Apr. 06, 2025)


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

ISX:DMND' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 8 years, the highest Piotroski F-Score of PT Diamond Food Indonesia Tbk was 7. The lowest was 4. And the median was 6.


PT Diamond Food Indonesia Tbk Piotroski F-Score Historical Data

The historical data trend for PT Diamond Food 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 Diamond Food Indonesia Tbk Piotroski F-Score Chart

PT Diamond Food Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 7.00 4.00 6.00

PT Diamond Food 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 6.00 6.00 6.00 7.00 6.00

Competitive Comparison of PT Diamond Food Indonesia Tbk's Piotroski F-Score

For the Packaged Foods subindustry, PT Diamond Food 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 Diamond Food Indonesia Tbk's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Diamond Food Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Diamond Food 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 87040 + 65476 + 60445 + 91252 = Rp304,213 Mil.
Cash Flow from Operations was -88953 + 102366 + 137216 + -31950 = Rp118,679 Mil.
Revenue was 2449452 + 2427027 + 2309058 + 2452536 = Rp9,638,073 Mil.
Gross Profit was 579869 + 517511 + 503753 + 532360 = Rp2,133,493 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(7265092 + 7166880 + 7128350 + 7116025 + 7210873) / 5 = Rp7177444 Mil.
Total Assets at the begining of this year (Sep23) was Rp7,265,092 Mil.
Long-Term Debt & Capital Lease Obligation was Rp5,429 Mil.
Total Current Assets was Rp4,209,198 Mil.
Total Current Liabilities was Rp975,233 Mil.
Net Income was 105016 + 86918 + 93407 + 43818 = Rp329,159 Mil.

Revenue was 2300292 + 2264659 + 2249796 + 2276019 = Rp9,090,766 Mil.
Gross Profit was 478281 + 489636 + 479885 + 477662 = Rp1,925,464 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(6312421 + 6878297 + 6915278 + 7214377 + 7265092) / 5 = Rp6917093 Mil.
Total Assets at the begining of last year (Sep22) was Rp6,312,421 Mil.
Long-Term Debt & Capital Lease Obligation was Rp8,190 Mil.
Total Current Assets was Rp4,294,593 Mil.
Total Current Liabilities was Rp1,454,609 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 Diamond Food Indonesia Tbk's current Net Income (TTM) was 304,213. ==> 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 Diamond Food Indonesia Tbk's current Cash Flow from Operations (TTM) was 118,679. ==> 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)
=304213/7265092
=0.04187325

ROA (Last Year)=Net Income/Total Assets (Sep22)
=329159/6312421
=0.05214465

PT Diamond Food Indonesia Tbk's return on assets of this year was 0.04187325. PT Diamond Food Indonesia Tbk's return on assets of last year was 0.05214465. ==> 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 Diamond Food Indonesia Tbk's current Net Income (TTM) was 304,213. PT Diamond Food Indonesia Tbk's current Cash Flow from Operations (TTM) was 118,679. ==> 118,679 <= 304,213 ==> 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
=5429/7177444
=0.0007564

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=8190/6917093
=0.00118402

PT Diamond Food Indonesia Tbk's gearing of this year was 0.0007564. PT Diamond Food Indonesia Tbk's gearing of last year was 0.00118402. ==> 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
=4209198/975233
=4.31609472

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=4294593/1454609
=2.9524037

PT Diamond Food Indonesia Tbk's current ratio of this year was 4.31609472. PT Diamond Food Indonesia Tbk's current ratio of last year was 2.9524037. ==> 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 Diamond Food Indonesia Tbk's number of shares in issue this year was 9468. PT Diamond Food Indonesia Tbk's number of shares in issue last year was 9468. ==> 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
=2133493/9638073
=0.22136095

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1925464/9090766
=0.21180437

PT Diamond Food Indonesia Tbk's gross margin of this year was 0.22136095. PT Diamond Food Indonesia Tbk's gross margin of last year was 0.21180437. ==> 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)
=9638073/7265092
=1.3266278

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=9090766/6312421
=1.44013937

PT Diamond Food Indonesia Tbk's asset turnover of this year was 1.3266278. PT Diamond Food Indonesia Tbk's asset turnover of last year was 1.44013937. ==> 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+0+1+1+1+1+0
=6

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

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

PT Diamond Food Indonesia Tbk  (ISX:DMND) 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 Diamond Food Indonesia Tbk Piotroski F-Score Related Terms

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PT Diamond Food Indonesia Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan KH Mas Mansyur Kav, 126TCC Batavia Tower One, 15th Floor, Unit 03 and 05, TCC Batavia Tower One, Jakarta Pusat, Jakarta, IDN, 10220
PT Diamond Food Indonesia Tbk is engaged in the manufacturing and distribution of consumer goods. Its products include dairy, confectionery, meats and seafood, bakery, groceries as well as fruits and vegetables. The company categorizes its business into two segments that are branded products and unbranded products, out of which the majority of the revenue is generated from branded products. Some of the company's brands include Biggy, Biokul, Diamond Juice, Popeye, and Magic. It also collaborates with international brands and distributes its products. Geographically the company generates the majority of revenue in Indonesia and also exports internationally.

PT Diamond Food Indonesia Tbk Headlines

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