Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT United Tractors Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for PT United Tractors Tbk's Piotroski F-Score or its related term are showing as below:
ISX:UNTR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of PT United Tractors Tbk was 8. The lowest was 4. And the median was 7.
PT United Tractors Tbk Piotroski F-Score Historical Data
The historical data trend for PT United Tractors 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 United Tractors Tbk's Piotroski F-Score
For the Other Industrial Metals & Mining subindustry, PT United Tractors 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 United Tractors Tbk's Piotroski F-Score Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT United Tractors Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT United Tractors Tbk's Piotroski F-Score falls into.
* 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 4547211 + 4984964 + 6059486 + 3939544 = Rp19,531,205 Mil. Cash Flow from Operations was 7603931 + 11459928 + 2454118 + 8526887 = Rp30,044,864 Mil. Revenue was 32412321 + 32102143 + 35043483 + 34869051 = Rp134,426,998 Mil. Gross Profit was 8186731 + 8682209 + 8847160 + 8115460 = Rp33,831,560 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(153753903 + 161426775 + 168252433 + 165873508 + 169480618) / 5 = Rp163757447.4 Mil. Total Assets at the begining of this year (Dec23) was Rp153,753,903 Mil. Long-Term Debt & Capital Lease Obligation was Rp15,962,847 Mil. Total Current Assets was Rp69,979,284 Mil. Total Current Liabilities was Rp45,302,555 Mil.
Net Income was 5323328 + 5892951 + 4132461 + 5263035 = Rp20,611,775 Mil.
Revenue was 34888824 + 33788081 + 28920659 + 30985700 = Rp128,583,264 Mil. Gross Profit was 8672269 + 10019530 + 6982163 + 10112275 = Rp35,786,237 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(140478220 + 150701142 + 134487106 + 153141630 + 153753903) / 5 = Rp146512400.2 Mil. Total Assets at the begining of last year (Dec22) was Rp140,478,220 Mil. Long-Term Debt & Capital Lease Obligation was Rp17,580,333 Mil. Total Current Assets was Rp62,667,105 Mil. Total Current Liabilities was Rp43,038,299 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 United Tractors Tbk's current Net Income (TTM) was 19,531,205.
==> 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 United Tractors Tbk's current Cash Flow from Operations (TTM) was 30,044,864.
==> 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 United Tractors Tbk's return on assets of this year was 0.127029. PT United Tractors Tbk's return on assets of last year was 0.14672577.
==> 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 United Tractors Tbk's gearing of this year was 0.0974786. PT United Tractors Tbk's gearing of last year was 0.11999212.
==> 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 United Tractors Tbk's current ratio of this year was 1.54470943. PT United Tractors Tbk's current ratio of last year was 1.45607764.
==> 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 United Tractors Tbk's number of shares in issue this year was 3631.809. PT United Tractors Tbk's number of shares in issue last year was 3631.809.
==> 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 United Tractors Tbk's gross margin of this year was 0.25167236. PT United Tractors Tbk's gross margin of last year was 0.27831178.
==> 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 United Tractors Tbk's asset turnover of this year was 0.87429974. PT United Tractors Tbk's asset turnover of last year was 0.91532527.
==> 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
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Que. 7
+
Que. 8
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Que. 9
=
1
+
1
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0
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1
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1
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1
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1
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0
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0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT United Tractors Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
PT United Tractors Tbk (ISX:UNTR) 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 United Tractors Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT United Tractors Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT United Tractors Tbk is one of the distributors of heavy equipment in Indonesia. It manufactures construction machinery and provides mining services to help customers tap natural resources. The machinery is distributed under various brands and works in the mining, construction, forestry, material handling, and transportation sectors. The company operates contact centers to deliver spare parts, mechanics support, and repair machines for customers. United Tractors operates five business segments: construction machinery, mining contracting (a majority of total revenues), mining, Construction Industry, and Energy. The majority of total sales are generated in Indonesia.
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