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PT Bank Artha Graha Internasional Tbk (ISX:INPC) Piotroski F-Score : 8 (As of Dec. 13, 2024)


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What is PT Bank Artha Graha Internasional 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 Bank Artha Graha Internasional 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 Bank Artha Graha Internasional Tbk's Piotroski F-Score or its related term are showing as below:

ISX:INPC' 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 Bank Artha Graha Internasional Tbk was 8. The lowest was 3. And the median was 6.


PT Bank Artha Graha Internasional Tbk Piotroski F-Score Historical Data

The historical data trend for PT Bank Artha Graha Internasional 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 Bank Artha Graha Internasional Tbk Piotroski F-Score Chart

PT Bank Artha Graha Internasional 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 4.00 6.00 3.00 8.00 6.00

PT Bank Artha Graha Internasional 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 7.00 8.00 8.00

Competitive Comparison of PT Bank Artha Graha Internasional Tbk's Piotroski F-Score

For the Banks - Regional subindustry, PT Bank Artha Graha Internasional 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 Bank Artha Graha Internasional Tbk's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Artha Graha Internasional Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Bank Artha Graha Internasional 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 20968 + 36809 + 33701 + 56496 = Rp147,974 Mil.
Cash Flow from Operations was -926 + 1326472 + 3010034 + -443388 = Rp3,892,192 Mil.
Revenue was 285028 + 286973 + 336540 + 310001 = Rp1,218,542 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(24289516 + 26103611 + 26089507 + 28514366 + 28018456) / 5 = Rp26603091.2 Mil.
Total Assets at the begining of this year (Sep23) was Rp24,289,516 Mil.
Long-Term Debt & Capital Lease Obligation was Rp200,000 Mil.
Total Assets was Rp28,018,456 Mil.
Total Liabilities was Rp23,717,206 Mil.
Net Income was -25825 + 33680 + 53890 + 38215 = Rp99,960 Mil.

Revenue was 327908 + 260555 + 328623 + 416952 = Rp1,334,038 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(26747246 + 25437633 + 23897521 + 24070931 + 24289516) / 5 = Rp24888569.4 Mil.
Total Assets at the begining of last year (Sep22) was Rp26,747,246 Mil.
Long-Term Debt & Capital Lease Obligation was Rp200,000 Mil.
Total Assets was Rp24,289,516 Mil.
Total Liabilities was Rp20,166,295 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 Bank Artha Graha Internasional Tbk's current Net Income (TTM) was 147,974. ==> 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 Bank Artha Graha Internasional Tbk's current Cash Flow from Operations (TTM) was 3,892,192. ==> 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)
=147974/24289516
=0.00609209

ROA (Last Year)=Net Income/Total Assets (Sep22)
=99960/26747246
=0.00373721

PT Bank Artha Graha Internasional Tbk's return on assets of this year was 0.00609209. PT Bank Artha Graha Internasional Tbk's return on assets of last year was 0.00373721. ==> 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 Bank Artha Graha Internasional Tbk's current Net Income (TTM) was 147,974. PT Bank Artha Graha Internasional Tbk's current Cash Flow from Operations (TTM) was 3,892,192. ==> 3,892,192 > 147,974 ==> 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
=200000/26603091.2
=0.00751792

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=200000/24888569.4
=0.00803582

PT Bank Artha Graha Internasional Tbk's gearing of this year was 0.00751792. PT Bank Artha Graha Internasional Tbk's gearing of last year was 0.00803582. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep24)=Total Assets/Total Liabilities
=28018456/23717206
=1.18135568

Current Ratio (Last Year: Sep23)=Total Assets/Total Liabilities
=24289516/20166295
=1.20446101

PT Bank Artha Graha Internasional Tbk's current ratio of this year was 1.18135568. PT Bank Artha Graha Internasional Tbk's current ratio of last year was 1.20446101. ==> Last year's current ratio is higher ==> Score 0.

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 Bank Artha Graha Internasional Tbk's number of shares in issue this year was 20223. PT Bank Artha Graha Internasional Tbk's number of shares in issue last year was 20223. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=147974/1218542
=0.12143529

Net Margin (Last Year: TTM)=Net Income/Revenue
=99960/1334038
=0.0749304

PT Bank Artha Graha Internasional Tbk's net margin of this year was 0.12143529. PT Bank Artha Graha Internasional Tbk's net margin of last year was 0.0749304. ==> This year's net 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)
=1218542/24289516
=0.05016741

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1334038/26747246
=0.04987571

PT Bank Artha Graha Internasional Tbk's asset turnover of this year was 0.05016741. PT Bank Artha Graha Internasional Tbk's asset turnover of last year was 0.04987571. ==> 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+1+1+1+1+0+1+1+1
=8

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

PT Bank Artha Graha Internasional Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

PT Bank Artha Graha Internasional Tbk  (ISX:INPC) 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 Bank Artha Graha Internasional Tbk Piotroski F-Score Related Terms

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PT Bank Artha Graha Internasional Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav. 52 - 53, Sudirman Central Business District (SCBD), Gedung Artha Graha, South Jakarta, Kawasan Niaga Terpadu Sudirman, Jakarta, IDN, 12190
PT Bank Artha Graha Internasional Tbk is a commercial bank that offers various products and services to its customers. These include basic banking products such as savings, current accounts, and deposits, as well as digital banking features and services that make banking activities more convenient for customers. The company also provides digital services through internal channels such as Grahacash ATMs, Mobile Banking, Corporate Internet Banking, and Retail Internet Banking. Its segments include Productive, Consumer, Treasury, and Others. The majority of its revenue comes from the Productive segment, which provides loans to the productive sector, including working capital and investment loans.

PT Bank Artha Graha Internasional Tbk Headlines

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