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PT Telkom Indonesia (Persero) Tbk (PT Telkom Indonesia (Persero) Tbk) Piotroski F-Score : 8 (As of Apr. 27, 2024)


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What is PT Telkom Indonesia (Persero) Tbk Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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 Telkom Indonesia (Persero) Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for PT Telkom Indonesia (Persero) Tbk's Piotroski F-Score or its related term are showing as below:

TLK' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of PT Telkom Indonesia (Persero) Tbk was 8. The lowest was 4. And the median was 6.


PT Telkom Indonesia (Persero) Tbk Piotroski F-Score Historical Data

The historical data trend for PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Piotroski F-Score Chart

PT Telkom Indonesia (Persero) 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 7.00 7.00 6.00 6.00

PT Telkom Indonesia (Persero) 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 6.00 5.00 5.00 6.00 8.00

Competitive Comparison of PT Telkom Indonesia (Persero) Tbk's Piotroski F-Score

For the Telecom Services subindustry, PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Telkom Indonesia (Persero) Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Telkom Indonesia (Persero) 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 421.403 + 434.304 + 319.668 + 392.644 = $1,568 Mil.
Cash Flow from Operations was 881.339 + 1105.05 + 1154.904 + 1026.855 = $4,168 Mil.
Revenue was 2488.22 + 2432.049 + 2463.544 + 2427.932 = $9,812 Mil.
Gross Profit was 1722.148 + 1715.445 + 1640.244 + 1677.932 = $6,756 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(18488.381 + 19331.692 + 17790.287 + 18590.555 + 18684.224) / 5 = $18577.0278 Mil.
Total Assets at the begining of this year (Mar23) was $18,488 Mil.
Long-Term Debt & Capital Lease Obligation was $2,548 Mil.
Total Current Assets was $3,813 Mil.
Total Current Liabilities was $4,405 Mil.
Net Income was 484.375 + 214.534 + 264.128 + 426.504 = $1,390 Mil.

Revenue was 2476.765 + 2419.558 + 2443.074 + 2396.096 = $9,735 Mil.
Gross Profit was 1789.669 + 1728.406 + 1642.616 + 1682.247 = $6,843 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(19475.218 + 18539.332 + 17705.975 + 17469.773 + 18488.381) / 5 = $18335.7358 Mil.
Total Assets at the begining of last year (Mar22) was $19,475 Mil.
Long-Term Debt & Capital Lease Obligation was $2,687 Mil.
Total Current Assets was $3,681 Mil.
Total Current Liabilities was $4,338 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 Telkom Indonesia (Persero) Tbk's current Net Income (TTM) was 1,568. ==> 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 Telkom Indonesia (Persero) Tbk's current Cash Flow from Operations (TTM) was 4,168. ==> 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)
=1568.019/18488.381
=0.08481105

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1389.541/19475.218
=0.07134919

PT Telkom Indonesia (Persero) Tbk's return on assets of this year was 0.08481105. PT Telkom Indonesia (Persero) Tbk's return on assets of last year was 0.07134919. ==> 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 Telkom Indonesia (Persero) Tbk's current Net Income (TTM) was 1,568. PT Telkom Indonesia (Persero) Tbk's current Cash Flow from Operations (TTM) was 4,168. ==> 4,168 > 1,568 ==> 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
=2547.872/18577.0278
=0.13715176

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2686.828/18335.7358
=0.14653505

PT Telkom Indonesia (Persero) Tbk's gearing of this year was 0.13715176. PT Telkom Indonesia (Persero) Tbk's gearing of last year was 0.14653505. ==> 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

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=3813.051/4405.293
=0.86556127

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3680.852/4337.937
=0.84852592

PT Telkom Indonesia (Persero) Tbk's current ratio of this year was 0.86556127. PT Telkom Indonesia (Persero) Tbk's current ratio of last year was 0.84852592. ==> 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 Telkom Indonesia (Persero) Tbk's number of shares in issue this year was 990.622. PT Telkom Indonesia (Persero) Tbk's number of shares in issue last year was 990.622. ==> 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
=6755.769/9811.745
=0.68853899

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6842.938/9735.493
=0.70288562

PT Telkom Indonesia (Persero) Tbk's gross margin of this year was 0.68853899. PT Telkom Indonesia (Persero) Tbk's gross margin of last year was 0.70288562. ==> 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 (Mar23)
=9811.745/18488.381
=0.5306979

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=9735.493/19475.218
=0.49989135

PT Telkom Indonesia (Persero) Tbk's asset turnover of this year was 0.5306979. PT Telkom Indonesia (Persero) Tbk's asset turnover of last year was 0.49989135. ==> 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+1+1+1+0+1
=8

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

PT Telkom Indonesia (Persero) Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

PT Telkom Indonesia (Persero) Tbk  (NYSE:TLK) 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 Telkom Indonesia (Persero) Tbk Piotroski F-Score Related Terms

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PT Telkom Indonesia (Persero) Tbk (PT Telkom Indonesia (Persero) Tbk) Business Description

Address
Jalan Japati No. 1, West Java, Bandung, IDN, 40133
PT Telkom Indonesia (Persero) Tbk is the largest integrated telecommunications provider in Indonesia. It is the principal provider of fixed-line services in Indonesia, and its 65%-owned subsidiary, Telkomsel, is the largest wireless carrier in the country, with about 48% market share. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services.

PT Telkom Indonesia (Persero) Tbk (PT Telkom Indonesia (Persero) Tbk) Headlines

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