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PT Xl Axiata Tbk (PT Xl Axiata Tbk) Piotroski F-Score : 3 (As of Apr. 30, 2024)


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What is PT Xl Axiata Tbk Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

PT Xl Axiata Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT Xl Axiata Tbk's Piotroski F-Score or its related term are showing as below:

PTXKY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of PT Xl Axiata Tbk was 8. The lowest was 3. And the median was 6.


PT Xl Axiata Tbk Piotroski F-Score Historical Data

The historical data trend for PT Xl Axiata 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 Xl Axiata Tbk Piotroski F-Score Chart

PT Xl Axiata 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 8.00 6.00 5.00 6.00 3.00

PT Xl Axiata Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.00 5.00 4.00 5.00 3.00

Competitive Comparison of PT Xl Axiata Tbk's Piotroski F-Score

For the Telecom Services subindustry, PT Xl Axiata 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 Xl Axiata Tbk's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Xl Axiata Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Xl Axiata 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 13.338 + 29.934 + 23.182 + 16.899 = $83 Mil.
Cash Flow from Operations was 281.736 + 300.739 + 318.59 + 154.819 = $1,056 Mil.
Revenue was 501.084 + 546.866 + 521.917 + 548.446 = $2,118 Mil.
Gross Profit was 302.915 + 345.321 + 330.966 + 341.523 = $1,321 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(5548.139 + 5558.836 + 5569.992 + 5545.32 + 5688.122) / 5 = $5582.0818 Mil.
Total Assets at the begining of this year (Dec22) was $5,548 Mil.
Long-Term Debt & Capital Lease Obligation was $2,533 Mil.
Total Current Assets was $465 Mil.
Total Current Liabilities was $1,307 Mil.
Net Income was 9.693 + 32.046 + 24.024 + 8.152 = $74 Mil.

Revenue was 469.862 + 493.856 + 493.247 + 479.73 = $1,937 Mil.
Gross Profit was 298.552 + 308.474 + 304.271 + 319.637 = $1,231 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(5098.693 + 5006.677 + 5146.69 + 5356.809 + 5548.139) / 5 = $5231.4016 Mil.
Total Assets at the begining of last year (Dec21) was $5,099 Mil.
Long-Term Debt & Capital Lease Obligation was $2,100 Mil.
Total Current Assets was $662 Mil.
Total Current Liabilities was $1,675 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 Xl Axiata Tbk's current Net Income (TTM) was 83. ==> 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 Xl Axiata Tbk's current Cash Flow from Operations (TTM) was 1,056. ==> 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 (Dec22)
=83.353/5548.139
=0.0150236

ROA (Last Year)=Net Income/Total Assets (Dec21)
=73.915/5098.693
=0.01449685

PT Xl Axiata Tbk's return on assets of this year was 0.0150236. PT Xl Axiata Tbk's return on assets of last year was 0.01449685. ==> 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 Xl Axiata Tbk's current Net Income (TTM) was 83. PT Xl Axiata Tbk's current Cash Flow from Operations (TTM) was 1,056. ==> 1,056 > 83 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2532.521/5582.0818
=0.45368755

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2100.376/5231.4016
=0.40149393

PT Xl Axiata Tbk's gearing of this year was 0.45368755. PT Xl Axiata Tbk's gearing of last year was 0.40149393. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=465.329/1306.564
=0.35614712

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=661.646/1675.068
=0.3949965

PT Xl Axiata Tbk's current ratio of this year was 0.35614712. PT Xl Axiata Tbk's current ratio of last year was 0.3949965. ==> 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 Xl Axiata Tbk's number of shares in issue this year was 653.597. PT Xl Axiata Tbk's number of shares in issue last year was 544.712. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=1320.725/2118.313
=0.62347963

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1230.934/1936.695
=0.63558485

PT Xl Axiata Tbk's gross margin of this year was 0.62347963. PT Xl Axiata Tbk's gross margin of last year was 0.63558485. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec22)
=2118.313/5548.139
=0.38180604

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1936.695/5098.693
=0.37984146

PT Xl Axiata Tbk's asset turnover of this year was 0.38180604. PT Xl Axiata Tbk's asset turnover of last year was 0.37984146. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+0+1
=5

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

PT Xl Axiata Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

PT Xl Axiata Tbk  (OTCPK:PTXKY) 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 Xl Axiata Tbk Piotroski F-Score Related Terms

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PT Xl Axiata Tbk (PT Xl Axiata Tbk) Business Description

Traded in Other Exchanges
Address
Jalan HR Rasuna Said X5, Kavling 11-12, XL Axiata Tower, Kuningan Timur, Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950
PT XL Axiata TBK is a telecommunications company. The company generates revenue from the provision of mobile services. Within mobile services, the products offered are SMS, data, and voice, with data and voice comprising the bulk of overall company revenue. The majority of PT XL Axiata's subscriber base is on the 2G spectrum. Additionally, it is an owner of the telecommunications infrastructure, specifically mobile base stations and fiber networks. It also derives revenue from renting out the telecommunication towers. The company generates the vast majority of its revenue in Indonesia.

PT Xl Axiata Tbk (PT Xl Axiata Tbk) Headlines