Piotroski F-Score is 7, 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 Golden Flower Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Golden Flower Tbk's Piotroski F-Score or its related term are showing as below:
ISX:POLU'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 7
During the past 8 years, the highest Piotroski F-Score of PT Golden Flower Tbk was 7. The lowest was 3. And the median was 5.
PT Golden Flower Tbk Piotroski F-Score Historical Data
The historical data trend for PT Golden Flower 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.
Competitive Comparison of PT Golden Flower Tbk's Piotroski F-Score
For the Apparel Manufacturing subindustry, PT Golden Flower 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 Golden Flower Tbk's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Golden Flower Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Golden Flower 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 -7831.461 + 3924.426 + 2041.024 + -6230.227 = Rp-8,096 Mil. Cash Flow from Operations was -5328.937 + 1221856.043 + -1211245.015 + -2348.49 = Rp2,934 Mil. Revenue was 32471.42 + 39891.357 + 36689.227 + 26869.983 = Rp135,922 Mil. Gross Profit was 3222.018 + 7069.108 + 5594.862 + 3060.692 = Rp18,947 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(198790.386 + 190163.053 + 193637.802 + 192381.416 + 192168.904) / 5 = Rp193428.3122 Mil. Total Assets at the begining of this year (Sep23) was Rp198,790 Mil. Long-Term Debt & Capital Lease Obligation was Rp5,005 Mil. Total Current Assets was Rp84,732 Mil. Total Current Liabilities was Rp36,364 Mil.
Net Income was -19256.262 + -3266.448 + -3893.206 + 24.012 = Rp-26,392 Mil.
Revenue was 24939.168 + 17430.847 + 17662.722 + 20038.018 = Rp80,071 Mil. Gross Profit was 4520.63 + 3120.811 + 948.65 + 4335.728 = Rp12,926 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(229560.435 + 209337.963 + 222945.585 + 199931.892 + 198790.386) / 5 = Rp212113.2522 Mil. Total Assets at the begining of last year (Sep22) was Rp229,560 Mil. Long-Term Debt & Capital Lease Obligation was Rp5,590 Mil. Total Current Assets was Rp75,620 Mil. Total Current Liabilities was Rp36,574 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 Golden Flower Tbk's current Net Income (TTM) was -8,096.
==> 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.
PT Golden Flower Tbk's return on assets of this year was -0.04072751. PT Golden Flower Tbk's return on assets of last year was -0.11496713.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Golden Flower Tbk's gearing of this year was 0.02587493. PT Golden Flower Tbk's gearing of last year was 0.02635281.
==> 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
PT Golden Flower Tbk's current ratio of this year was 2.33011666. PT Golden Flower Tbk's current ratio of last year was 2.06761961.
==> 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 Golden Flower Tbk's number of shares in issue this year was 750. PT Golden Flower Tbk's number of shares in issue last year was 750.
==> 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 Golden Flower Tbk's gross margin of this year was 0.13939378. PT Golden Flower Tbk's gross margin of last year was 0.16142996.
==> 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
PT Golden Flower Tbk's asset turnover of this year was 0.68374527. PT Golden Flower Tbk's asset turnover of last year was 0.34880033.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Que. 1
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Que. 2
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Golden Flower Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Golden Flower Tbk (ISX:POLU) 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.
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 Golden Flower Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Golden Flower Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Golden Flower Tbk is a garment manufacturer and exporter in Indonesia. The company's operating segment includes Ladies' blouses, Man shirts, and Uniform, accessories, and others. It generates maximum revenue from the Ladies' blouse segment. Some of its products include Non-Iron Shirt; Casual shirts; Skirt; Dresses; Night Wear and others.
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