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PT PP London Sumatra Indonesia Tbk (PT PP London Sumatra Indonesia Tbk) Piotroski F-Score : 7 (As of May. 22, 2024)


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What is PT PP London Sumatra Indonesia Tbk Piotroski F-Score?

Good Sign:

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 PP London Sumatra Indonesia 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 PP London Sumatra Indonesia Tbk's Piotroski F-Score or its related term are showing as below:

PPLFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of PT PP London Sumatra Indonesia Tbk was 9. The lowest was 5. And the median was 7.


PT PP London Sumatra Indonesia Tbk Piotroski F-Score Historical Data

The historical data trend for PT PP London Sumatra Indonesia 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 PP London Sumatra Indonesia Tbk Piotroski F-Score Chart

PT PP London Sumatra Indonesia Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 8.00 6.00 5.00

PT PP London Sumatra Indonesia Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.00 5.00 6.00 5.00 7.00

Competitive Comparison of PT PP London Sumatra Indonesia Tbk's Piotroski F-Score

For the Farm Products subindustry, PT PP London Sumatra Indonesia 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 PP London Sumatra Indonesia Tbk's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT PP London Sumatra Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT PP London Sumatra Indonesia 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 3.631 + 18.748 + 19.746 + 17.469 = $59.6 Mil.
Cash Flow from Operations was 10.9 + 19.366 + 35.96 + 17.97 = $84.2 Mil.
Revenue was 65.2 + 66.917 + 82.191 + 57.049 = $271.4 Mil.
Gross Profit was 7.105 + 19.372 + 33.801 + 16.674 = $77.0 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(829.719 + 833.083 + 803.662 + 811.767 + 834.101) / 5 = $822.4664 Mil.
Total Assets at the begining of this year (Mar23) was $829.7 Mil.
Long-Term Debt & Capital Lease Obligation was $0.1 Mil.
Total Current Assets was $372.4 Mil.
Total Current Liabilities was $41.2 Mil.
Net Income was 16.442 + 14.133 + 17.304 + 7.433 = $55.3 Mil.

Revenue was 86.368 + 65.409 + 97.943 + 60.031 = $309.8 Mil.
Gross Profit was 26.935 + 16.824 + 25.117 + 14.756 = $83.6 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(850.732 + 842.327 + 813.508 + 789.334 + 829.719) / 5 = $825.124 Mil.
Total Assets at the begining of last year (Mar22) was $850.7 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $343.4 Mil.
Total Current Liabilities was $44.6 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 PP London Sumatra Indonesia Tbk's current Net Income (TTM) was 59.6. ==> 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 PP London Sumatra Indonesia Tbk's current Cash Flow from Operations (TTM) was 84.2. ==> 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 (Mar23)
=59.594/829.719
=0.07182432

ROA (Last Year)=Net Income/Total Assets (Mar22)
=55.312/850.732
=0.06501695

PT PP London Sumatra Indonesia Tbk's return on assets of this year was 0.07182432. PT PP London Sumatra Indonesia Tbk's return on assets of last year was 0.06501695. ==> This year is higher. ==> Score 1.

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 PP London Sumatra Indonesia Tbk's current Net Income (TTM) was 59.6. PT PP London Sumatra Indonesia Tbk's current Cash Flow from Operations (TTM) was 84.2. ==> 84.2 > 59.6 ==> CFROA > ROA ==> Score 1.

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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.145/822.4664
=0.0001763

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/825.124
=0

PT PP London Sumatra Indonesia Tbk's gearing of this year was 0.0001763. PT PP London Sumatra Indonesia 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

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=372.437/41.19
=9.04192765

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=343.423/44.63
=7.69489133

PT PP London Sumatra Indonesia Tbk's current ratio of this year was 9.04192765. PT PP London Sumatra Indonesia Tbk's current ratio of last year was 7.69489133. ==> 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 PP London Sumatra Indonesia Tbk's number of shares in issue this year was 6819.964. PT PP London Sumatra Indonesia Tbk's number of shares in issue last year was 6819.964. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=76.952/271.357
=0.28358214

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=83.632/309.751
=0.26999751

PT PP London Sumatra Indonesia Tbk's gross margin of this year was 0.28358214. PT PP London Sumatra Indonesia Tbk's gross margin of last year was 0.26999751. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=271.357/829.719
=0.32704687

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=309.751/850.732
=0.36409939

PT PP London Sumatra Indonesia Tbk's asset turnover of this year was 0.32704687. PT PP London Sumatra Indonesia Tbk's asset turnover of last year was 0.36409939. ==> 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+1+1+0+1+1+1+0
=7

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

PT PP London Sumatra Indonesia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

PT PP London Sumatra Indonesia Tbk  (OTCPK:PPLFF) 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 PP London Sumatra Indonesia Tbk Piotroski F-Score Related Terms

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PT PP London Sumatra Indonesia Tbk (PT PP London Sumatra Indonesia Tbk) Business Description

Traded in Other Exchanges
Address
Jalan HR. Rasuna Said Blok X-2 Kavling 5, 12th Floor, Ariobimo Sentral Building, Kuningan Timur, South Jakarta, Jakarta, IDN, 12950
PT PP London Sumatra Indonesia Tbk is engaged in plant breeding, planting, harvesting, processing, and the selling of palm products, rubber, oil palm seeds, cocoa, and tea. The company's operating segments are Oil Palm Products, Rubber, Seeds, and others. It generates a majority of its revenue from the oil palm products segment.

PT PP London Sumatra Indonesia Tbk (PT PP London Sumatra Indonesia Tbk) Headlines

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