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PT Wahana Ottomitra Multiartha Tbk (ISX:WOMF) Piotroski F-Score : 6 (As of Mar. 27, 2025)


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What is PT Wahana Ottomitra Multiartha Tbk Piotroski F-Score?

The zones of discrimination were as such:

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

PT Wahana Ottomitra Multiartha 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 Wahana Ottomitra Multiartha Tbk's Piotroski F-Score or its related term are showing as below:

ISX:WOMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of PT Wahana Ottomitra Multiartha Tbk was 8. The lowest was 5. And the median was 6.


PT Wahana Ottomitra Multiartha Tbk Piotroski F-Score Historical Data

The historical data trend for PT Wahana Ottomitra Multiartha 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 Wahana Ottomitra Multiartha Tbk Piotroski F-Score Chart

PT Wahana Ottomitra Multiartha Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 6.00 5.00 6.00

PT Wahana Ottomitra Multiartha Tbk Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.00 3.00 5.00 6.00 6.00

Competitive Comparison of PT Wahana Ottomitra Multiartha Tbk's Piotroski F-Score

For the Credit Services subindustry, PT Wahana Ottomitra Multiartha 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 Wahana Ottomitra Multiartha Tbk's Piotroski F-Score Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT Wahana Ottomitra Multiartha Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Wahana Ottomitra Multiartha Tbk's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 62808 + 34470 + 54086 + 111551 = Rp262,915 Mil.
Cash Flow from Operations was -64082 + 4333 + 120173 + 179165 = Rp239,589 Mil.
Revenue was 430697 + 399171 + 417649 + 427459 = Rp1,674,976 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(6635715 + 6815849 + 6942294 + 7307095 + 6946341) / 5 = Rp6929458.8 Mil.
Total Assets at the begining of this year (Dec23) was Rp6,635,715 Mil.
Long-Term Debt & Capital Lease Obligation was Rp4,682,587 Mil.
Total Assets was Rp6,946,341 Mil.
Total Liabilities was Rp5,054,240 Mil.
Net Income was 62658 + 25440 + 52929 + 95380 = Rp236,407 Mil.

Revenue was 392482 + 390246 + 402560 + 421169 = Rp1,606,457 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(5646226 + 5887280 + 6825239 + 6592657 + 6635715) / 5 = Rp6317423.4 Mil.
Total Assets at the begining of last year (Dec22) was Rp5,646,226 Mil.
Long-Term Debt & Capital Lease Obligation was Rp4,543,727 Mil.
Total Assets was Rp6,635,715 Mil.
Total Liabilities was Rp4,939,793 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 Wahana Ottomitra Multiartha Tbk's current Net Income (TTM) was 262,915. ==> 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 Wahana Ottomitra Multiartha Tbk's current Cash Flow from Operations (TTM) was 239,589. ==> 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 (Dec23)
=262915/6635715
=0.0396212

ROA (Last Year)=Net Income/Total Assets (Dec22)
=236407/5646226
=0.04186991

PT Wahana Ottomitra Multiartha Tbk's return on assets of this year was 0.0396212. PT Wahana Ottomitra Multiartha Tbk's return on assets of last year was 0.04186991. ==> Last year is higher ==> Score 0.

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 Wahana Ottomitra Multiartha Tbk's current Net Income (TTM) was 262,915. PT Wahana Ottomitra Multiartha Tbk's current Cash Flow from Operations (TTM) was 239,589. ==> 239,589 <= 262,915 ==> CFROA <= ROA ==> Score 0.

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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4682587/6929458.8
=0.67575075

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=4543727/6317423.4
=0.71923737

PT Wahana Ottomitra Multiartha Tbk's gearing of this year was 0.67575075. PT Wahana Ottomitra Multiartha Tbk's gearing of last year was 0.71923737. ==> 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: Dec24)=Total Assets/Total Liabilities
=6946341/5054240
=1.37435915

Current Ratio (Last Year: Dec23)=Total Assets/Total Liabilities
=6635715/4939793
=1.34331843

PT Wahana Ottomitra Multiartha Tbk's current ratio of this year was 1.37435915. PT Wahana Ottomitra Multiartha Tbk's current ratio of last year was 1.34331843. ==> 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 Wahana Ottomitra Multiartha Tbk's number of shares in issue this year was 3481.481. PT Wahana Ottomitra Multiartha Tbk's number of shares in issue last year was 3481.481. ==> 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
=262915/1674976
=0.15696643

Net Margin (Last Year: TTM)=Net Income/Revenue
=236407/1606457
=0.14716049

PT Wahana Ottomitra Multiartha Tbk's net margin of this year was 0.15696643. PT Wahana Ottomitra Multiartha Tbk's net margin of last year was 0.14716049. ==> 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 (Dec23)
=1674976/6635715
=0.25241832

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1606457/5646226
=0.28451872

PT Wahana Ottomitra Multiartha Tbk's asset turnover of this year was 0.25241832. PT Wahana Ottomitra Multiartha Tbk's asset turnover of last year was 0.28451872. ==> 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+0+1+1+1+1+0
=6

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

PT Wahana Ottomitra Multiartha Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PT Wahana Ottomitra Multiartha Tbk  (ISX:WOMF) 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 Wahana Ottomitra Multiartha Tbk Piotroski F-Score Related Terms

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PT Wahana Ottomitra Multiartha Tbk Business Description

Traded in Other Exchanges
Address
Jalan Yos Sudarso Kav. 85, Altira Office Tower, Floor 32, 33, 35, Kelurahan Sunter Jaya, Kecamatan Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14350
PT Wahana Ottomitra Multiartha Tbk is a finance company. It provides investment financing, working capital financing, multipurpose financing, and other financing activities. The company offers various types of products and services at Company including Multipurpose Goods Financing, Multipurpose Services Financing, Investment Financing - Sale and Leaseback MobilKu, Working Capital Financing, and Selling and Buying Financing (Murabahah Contracts). The Company has consumer financing activities in several geographical areas in Indonesia (Jakarta, Bogor, Tangerang, Bekasi, East Java, Bali, Kalimantan, Sulawesi, Central Java, West Java, and Sumatera), for new and used two-wheeled motor vehicles.

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