* 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.
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PT Semen Indonesia (Persero) Tbk Piotroski F-Score Chart
Competitive Comparison of PT Semen Indonesia (Persero) Tbk's Piotroski F-Score
For the Building Materials subindustry, PT Semen Indonesia (Persero) 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 Semen Indonesia (Persero) Tbk's Piotroski F-Score Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Semen Indonesia (Persero) Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Semen Indonesia (Persero) 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 (Mar24) TTM:
Last Year (Mar23) TTM:
Net Income was 304619 + 847749 + 456513 + 471810 = Rp2,080,691 Mil. Cash Flow from Operations was 1059967 + 1927083 + 2223624 + 567751 = Rp5,778,425 Mil. Revenue was 8096665 + 10629063 + 10990538 + 8375065 = Rp38,091,331 Mil. Gross Profit was 1969959 + 3024027 + 2737095 + 2206606 = Rp9,937,687 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(80964111 + 79444078 + 81683769 + 81820529 + 81027529) / 5 = Rp80988003.2 Mil. Total Assets at the begining of this year (Mar23) was Rp80,964,111 Mil. Long-Term Debt & Capital Lease Obligation was Rp10,618,391 Mil. Total Current Assets was Rp19,205,893 Mil. Total Current Liabilities was Rp14,760,426 Mil.
Net Income was 334409 + 842760 + 681971 + 561616 = Rp2,420,756 Mil.
Revenue was 8147275 + 9899378 + 9778334 + 8935094 = Rp36,760,081 Mil. Gross Profit was 2335346 + 3112318 + 2780854 + 2445896 = Rp10,674,414 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(76514119 + 73409919 + 74056942 + 82960012 + 80964111) / 5 = Rp77581020.6 Mil. Total Assets at the begining of last year (Mar22) was Rp76,514,119 Mil. Long-Term Debt & Capital Lease Obligation was Rp15,092,733 Mil. Total Current Assets was Rp17,290,651 Mil. Total Current Liabilities was Rp10,892,491 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 Semen Indonesia (Persero) Tbk's current Net Income (TTM) was 2,080,691.
==> 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 Semen Indonesia (Persero) Tbk's current Cash Flow from Operations (TTM) was 5,778,425.
==> 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 Semen Indonesia (Persero) Tbk's return on assets of this year was 0.02569893. PT Semen Indonesia (Persero) Tbk's return on assets of last year was 0.03163803.
==> 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 Semen Indonesia (Persero) Tbk's gearing of this year was 0.13111067. PT Semen Indonesia (Persero) Tbk's gearing of last year was 0.19454156.
==> 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 Semen Indonesia (Persero) Tbk's current ratio of this year was 1.30117471. PT Semen Indonesia (Persero) Tbk's current ratio of last year was 1.58739181.
==> 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 Semen Indonesia (Persero) Tbk's number of shares in issue this year was 6751.54. PT Semen Indonesia (Persero) Tbk's number of shares in issue last year was 6751.54.
==> 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 Semen Indonesia (Persero) Tbk's gross margin of this year was 0.26089104. PT Semen Indonesia (Persero) Tbk's gross margin of last year was 0.29038059.
==> 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 Semen Indonesia (Persero) Tbk's asset turnover of this year was 0.4704718. PT Semen Indonesia (Persero) Tbk's asset turnover of last year was 0.48043526.
==> 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
+
1
+
0
+
1
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Semen Indonesia (Persero) Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
PT Semen Indonesia (Persero) Tbk (ISX:SMGR) 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 Semen Indonesia (Persero) Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Semen Indonesia (Persero) Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Semen Indonesia (Persero) Tbk (ISX:SMGR) Business Description
PT Semen Indonesia (Persero) Tbk is engaged in the manufacturing industry, especially cement & its derivatives, other building materials, as well as related business activities both upstream and downstream. The company operates in two segments; the Cement Production Segment produces and markets cement products in Indonesia, and Vietnam, as well as various export destination countries, including Bangladesh, Australia, the Philippines, Taiwan, China, and several other countries, and The non-cement production segment, consists of mining limestone and clay, manufacturing packaging bags, developing industrial estates, finished and ready-to-use concrete, information system services, logistics, and trading. It generates a majority of its revenue from the cement segment.
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