Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Indosat 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 Indosat Tbk's Piotroski F-Score or its related term are showing as below:
ISX:ISAT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of PT Indosat Tbk was 9. The lowest was 3. And the median was 6.
PT Indosat Tbk Piotroski F-Score Historical Data
The historical data trend for PT Indosat 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 Indosat Tbk's Piotroski F-Score
For the Telecom Services subindustry, PT Indosat 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 Indosat Tbk's Piotroski F-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Indosat Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Indosat 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 979374 + 878696 + 1719254 + 1294760 = Rp4,872,084 Mil. Cash Flow from Operations was 3449553 + 6130197 + 3068264 + 6279456 = Rp18,927,470 Mil. Revenue was 12729727 + 12787641 + 13766385 + 13835251 = Rp53,119,004 Mil. Gross Profit was 7484197 + 7604409 + 8337115 + 8223276 = Rp31,648,997 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(114965913 + 109895528 + 112205112 + 114722249 + 115614111) / 5 = Rp113480582.6 Mil. Total Assets at the begining of this year (Mar23) was Rp114,965,913 Mil. Long-Term Debt & Capital Lease Obligation was Rp44,554,252 Mil. Total Current Assets was Rp17,052,907 Mil. Total Current Liabilities was Rp33,343,145 Mil.
Net Income was 3131566 + 427322 + 1035782 + 929068 = Rp5,523,738 Mil.
Revenue was 11653997 + 12004257 + 12221488 + 11945029 = Rp47,824,771 Mil. Gross Profit was 6360418 + 6536800 + 7119397 + 6718181 = Rp26,734,796 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(100937285 + 104432908 + 102959170 + 113657346 + 114965913) / 5 = Rp107390524.4 Mil. Total Assets at the begining of last year (Mar22) was Rp100,937,285 Mil. Long-Term Debt & Capital Lease Obligation was Rp42,787,277 Mil. Total Current Assets was Rp20,649,119 Mil. Total Current Liabilities was Rp37,338,681 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 Indosat Tbk's current Net Income (TTM) was 4,872,084.
==> 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.
PT Indosat Tbk's return on assets of this year was 0.04237851. PT Indosat Tbk's return on assets of last year was 0.05472446.
==> 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 Indosat Tbk's gearing of this year was 0.39261564. PT Indosat Tbk's gearing of last year was 0.39842693.
==> 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 Indosat Tbk's current ratio of this year was 0.51143667. PT Indosat Tbk's current ratio of last year was 0.55302219.
==> 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 Indosat Tbk's number of shares in issue this year was 8062.703. PT Indosat Tbk's number of shares in issue last year was 8062.682.
==> 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.
PT Indosat Tbk's gross margin of this year was 0.59581307. PT Indosat Tbk's gross margin of last year was 0.55901566.
==> 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
PT Indosat Tbk's asset turnover of this year was 0.46204134. PT Indosat Tbk's asset turnover of last year was 0.47380679.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Indosat Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
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 Indosat Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Indosat Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Indosat is the second- largest provider of international long-distance and wireless services in Indonesia. The company operates under three reportable segments: cellular, providing network coverage in all major cities across Indonesia; fixed telecommunications, which provides services such as international calls and fixed lines; and multimedia interactive, data and internet, which offers products such as fixed connectivity, IT service and fixed Internet. The cellular segment provides most of the company's revenue. The company has about 33 million cellular customers, equivalent to about a quarter of the market. Indosat's two largest shareholders are the Indonesian government and Qatar Telecom.
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