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PT DFI Retail Nusantara Tbk (ISX:HERO) Piotroski F-Score : 8 (As of Mar. 30, 2025)


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What is PT DFI Retail Nusantara Tbk Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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 DFI Retail Nusantara Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for PT DFI Retail Nusantara Tbk's Piotroski F-Score or its related term are showing as below:

ISX:HERO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of PT DFI Retail Nusantara Tbk was 8. The lowest was 3. And the median was 6.


PT DFI Retail Nusantara Tbk Piotroski F-Score Historical Data

The historical data trend for PT DFI Retail Nusantara 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 DFI Retail Nusantara Tbk Piotroski F-Score Chart

PT DFI Retail Nusantara Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 4.00 4.00 8.00

PT DFI Retail Nusantara Tbk Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.00 4.00 7.00 8.00

Competitive Comparison of PT DFI Retail Nusantara Tbk's Piotroski F-Score

For the Department Stores subindustry, PT DFI Retail Nusantara 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 DFI Retail Nusantara Tbk's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT DFI Retail Nusantara Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT DFI Retail Nusantara 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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -1125 + 163289 + 21481 + -189230 = Rp-5,585 Mil.
Cash Flow from Operations was -181690 + 252788 + -26251 + 289122 = Rp333,969 Mil.
Revenue was 1254964 + 996963 + 1128521 + 1163541 = Rp4,543,989 Mil.
Gross Profit was 511777 + 418785 + 500754 + 485978 = Rp1,917,294 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(5766226 + 5730783 + 4806949 + 4762066 + 4719768) / 5 = Rp5157158.4 Mil.
Total Assets at the begining of this year (Dec23) was Rp5,766,226 Mil.
Long-Term Debt & Capital Lease Obligation was Rp196,594 Mil.
Total Current Assets was Rp1,482,868 Mil.
Total Current Liabilities was Rp2,932,632 Mil.
Net Income was 151545 + -19620 + -112524 + -151566 = Rp-132,165 Mil.

Revenue was 1166270 + 997077 + 1129106 + 1094995 = Rp4,387,448 Mil.
Gross Profit was 477812 + 434990 + 452754 + 446500 = Rp1,812,056 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(6910567 + 6914027 + 6669405 + 6463321 + 5766226) / 5 = Rp6544709.2 Mil.
Total Assets at the begining of last year (Dec22) was Rp6,910,567 Mil.
Long-Term Debt & Capital Lease Obligation was Rp856,994 Mil.
Total Current Assets was Rp1,629,628 Mil.
Total Current Liabilities was Rp3,395,415 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 DFI Retail Nusantara Tbk's current Net Income (TTM) was -5,585. ==> 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 DFI Retail Nusantara Tbk's current Cash Flow from Operations (TTM) was 333,969. ==> 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 (Dec23)
=-5585/5766226
=-0.00096857

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-132165/6910567
=-0.01912506

PT DFI Retail Nusantara Tbk's return on assets of this year was -0.00096857. PT DFI Retail Nusantara Tbk's return on assets of last year was -0.01912506. ==> 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 DFI Retail Nusantara Tbk's current Net Income (TTM) was -5,585. PT DFI Retail Nusantara Tbk's current Cash Flow from Operations (TTM) was 333,969. ==> 333,969 > -5,585 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=196594/5157158.4
=0.03812061

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=856994/6544709.2
=0.13094455

PT DFI Retail Nusantara Tbk's gearing of this year was 0.03812061. PT DFI Retail Nusantara Tbk's gearing of last year was 0.13094455. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1482868/2932632
=0.50564408

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1629628/3395415
=0.47994958

PT DFI Retail Nusantara Tbk's current ratio of this year was 0.50564408. PT DFI Retail Nusantara Tbk's current ratio of last year was 0.47994958. ==> 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 DFI Retail Nusantara Tbk's number of shares in issue this year was 4183.634. PT DFI Retail Nusantara Tbk's number of shares in issue last year was 4183.634. ==> 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
=1917294/4543989
=0.42194072

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1812056/4387448
=0.41300911

PT DFI Retail Nusantara Tbk's gross margin of this year was 0.42194072. PT DFI Retail Nusantara Tbk's gross margin of last year was 0.41300911. ==> 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 (Dec23)
=4543989/5766226
=0.78803519

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=4387448/6910567
=0.63488973

PT DFI Retail Nusantara Tbk's asset turnover of this year was 0.78803519. PT DFI Retail Nusantara Tbk's asset turnover of last year was 0.63488973. ==> 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+1+1+1+1+1
=8

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

PT DFI Retail Nusantara Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

PT DFI Retail Nusantara Tbk  (ISX:HERO) 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 DFI Retail Nusantara Tbk Piotroski F-Score Related Terms

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PT DFI Retail Nusantara Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jl. CBD Bintaro Jaya Sektor VII Blok B7/A7, Pondok Jaya, Pondok Aren, Tangerang Selatan, Tangerang, IDN, 15224
PT DFI Retail Nusantara Tbk is a modern retail group that focuses on the Guardian and IKEA business segments to achieve sustainable growth in the medium and long term.

PT DFI Retail Nusantara Tbk Headlines