* 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.
Competitive Comparison of PT Primadaya Plastisindo Tbk's Piotroski F-Score
For the Packaging & Containers subindustry, PT Primadaya Plastisindo 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 Primadaya Plastisindo Tbk's Piotroski F-Score Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, PT Primadaya Plastisindo Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Primadaya Plastisindo 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 (Jun23) TTM:
Net Income was 8350.117 + 8248.117 + 5555.223 + 4361.042 = Rp26,514 Mil. Cash Flow from Operations was -7117.623 + -310.352 + 9458.303 + 28574.778 = Rp30,605 Mil. Revenue was 107481.482 + 127843.081 + 93299.243 + 105957.126 = Rp434,581 Mil. Gross Profit was 19354.97 + 20759.925 + 16682.526 + 16222.429 = Rp73,020 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Sep24) was
(0 + 0 + 482347.941 + 481393.989 + 464131.265) / 5 = Rp475957.73166667 Mil. Total Assets at the begining of this year (Jun23) was Rp0 Mil. Long-Term Debt & Capital Lease Obligation was Rp21,589 Mil. Total Current Assets was Rp180,227 Mil. Total Current Liabilities was Rp40,916 Mil.
Net Income was 0 + 0 + 5877.096 + 9157.458 = Rp15,035 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 Primadaya Plastisindo Tbk's current Net Income (TTM) was 26,514.
==> 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 Primadaya Plastisindo Tbk's current Cash Flow from Operations (TTM) was 30,605.
==> 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.
PT Primadaya Plastisindo Tbk's return on assets of this year was . PT Primadaya Plastisindo Tbk's return on assets of last year was 0.05889947.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Primadaya Plastisindo Tbk's gearing of this year was 0.04535816. PT Primadaya Plastisindo Tbk's gearing of last year was 0.
==> 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
PT Primadaya Plastisindo Tbk's current ratio of this year was 4.40476688. PT Primadaya Plastisindo Tbk's current ratio of last year was .
==> 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 Primadaya Plastisindo Tbk's number of shares in issue this year was 3061.341. PT Primadaya Plastisindo Tbk's number of shares in issue last year was 3078.704.
==> 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.
PT Primadaya Plastisindo Tbk's gross margin of this year was 0.16802359. PT Primadaya Plastisindo Tbk's gross margin of last year was 0.16563759.
==> 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
PT Primadaya Plastisindo Tbk's asset turnover of this year was . PT Primadaya Plastisindo Tbk's asset turnover of last year was 0.83781063.
==> 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
+
1
+
0
+
1
+
1
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Primadaya Plastisindo Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
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.
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 Primadaya Plastisindo Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Primadaya Plastisindo Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Primadaya Plastisindo Tbk is a manufacturing company, that is engaged in plastic injection, specializing in plastic injection, specializing in plastic packaging, in the form of PC Jugs, PET Preform, PET Bottle, PP Straws, HDPE Jug Covers, HDPE jerry cans, PP Bottle Cap, Sanitation Jug & Wipes Hand. Its reportable segments are Sukabumi, Tangerang, Lampung, Binjai, Solo, and Cileungsi.
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