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PT Dian Swastatika Sentosa Tbk (STU:DSX) Piotroski F-Score : 5 (As of May. 25, 2024)


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What is PT Dian Swastatika Sentosa 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 Dian Swastatika Sentosa 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 Dian Swastatika Sentosa Tbk's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of PT Dian Swastatika Sentosa Tbk was 8. The lowest was 5. And the median was 6.


PT Dian Swastatika Sentosa Tbk Piotroski F-Score Historical Data

The historical data trend for PT Dian Swastatika Sentosa 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 Dian Swastatika Sentosa Tbk Piotroski F-Score Chart

PT Dian Swastatika Sentosa 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 6.00 8.00 7.00 5.00

PT Dian Swastatika Sentosa 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 7.00 8.00 7.00 5.00 5.00

Competitive Comparison of PT Dian Swastatika Sentosa Tbk's Piotroski F-Score

For the Thermal Coal subindustry, PT Dian Swastatika Sentosa 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 Dian Swastatika Sentosa Tbk's Piotroski F-Score Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Dian Swastatika Sentosa Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Dian Swastatika Sentosa 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 166.017 + 129.623 + 54.008 + 46.176 = €396 Mil.
Cash Flow from Operations was 336.246 + 264.533 + 228.627 + 128.824 = €958 Mil.
Revenue was 1658.261 + 1303.765 + 848.305 + 844.877 = €4,655 Mil.
Gross Profit was 739.159 + 594.01 + 274.994 + 315.283 = €1,923 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(6133.339 + 6084.395 + 6126.803 + 2423.357 + 2809.021) / 5 = €4715.383 Mil.
Total Assets at the begining of this year (Dec22) was €6,133 Mil.
Long-Term Debt & Capital Lease Obligation was €438 Mil.
Total Current Assets was €1,268 Mil.
Total Current Liabilities was €757 Mil.
Net Income was 86.863 + 147.506 + 98.129 + 227.647 = €560 Mil.

Revenue was 679.985 + 1745.194 + 1577.311 + 1699.876 = €5,702 Mil.
Gross Profit was 312.199 + 743.183 + 727.913 + 743.766 = €2,527 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(2663.915 + 3316.199 + 6170.463 + 6710.656 + 6133.339) / 5 = €4998.9144 Mil.
Total Assets at the begining of last year (Dec21) was €2,664 Mil.
Long-Term Debt & Capital Lease Obligation was €1,094 Mil.
Total Current Assets was €2,137 Mil.
Total Current Liabilities was €1,574 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 Dian Swastatika Sentosa Tbk's current Net Income (TTM) was 396. ==> 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 Dian Swastatika Sentosa Tbk's current Cash Flow from Operations (TTM) was 958. ==> 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)
=395.824/6133.339
=0.06453646

ROA (Last Year)=Net Income/Total Assets (Dec21)
=560.145/2663.915
=0.21027135

PT Dian Swastatika Sentosa Tbk's return on assets of this year was 0.06453646. PT Dian Swastatika Sentosa Tbk's return on assets of last year was 0.21027135. ==> 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 Dian Swastatika Sentosa Tbk's current Net Income (TTM) was 396. PT Dian Swastatika Sentosa Tbk's current Cash Flow from Operations (TTM) was 958. ==> 958 > 396 ==> 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
=437.819/4715.383
=0.09284909

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1093.851/4998.9144
=0.21881771

PT Dian Swastatika Sentosa Tbk's gearing of this year was 0.09284909. PT Dian Swastatika Sentosa Tbk's gearing of last year was 0.21881771. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1267.973/757.137
=1.67469428

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2137.033/1574.061
=1.35765577

PT Dian Swastatika Sentosa Tbk's current ratio of this year was 1.67469428. PT Dian Swastatika Sentosa Tbk's current ratio of last year was 1.35765577. ==> 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 Dian Swastatika Sentosa Tbk's number of shares in issue this year was 1027.923. PT Dian Swastatika Sentosa Tbk's number of shares in issue last year was 770.552. ==> 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
=1923.446/4655.208
=0.41318154

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2527.061/5702.366
=0.44316008

PT Dian Swastatika Sentosa Tbk's gross margin of this year was 0.41318154. PT Dian Swastatika Sentosa Tbk's gross margin of last year was 0.44316008. ==> 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)
=4655.208/6133.339
=0.7590006

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=5702.366/2663.915
=2.14059608

PT Dian Swastatika Sentosa Tbk's asset turnover of this year was 0.7590006. PT Dian Swastatika Sentosa Tbk's asset turnover of last year was 2.14059608. ==> 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+1+1+1+0+0+0
=5

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

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

PT Dian Swastatika Sentosa Tbk  (STU:DSX) 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 Dian Swastatika Sentosa Tbk Piotroski F-Score Related Terms

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PT Dian Swastatika Sentosa Tbk (STU:DSX) Business Description

Traded in Other Exchanges
Address
Jl. M.H Thamrin No. 51, Tower II, 24th Floor, Sinar Mas Land Plaza, Central Jakarta, Jakarta, IDN, 10350
PT Dian Swastatika Sentosa Tbk is engaged in coal mining and trading. The company conducts its business activities through various segments such as the supply of steam and electricity, Cable TV and Internet, coal mining and trading and Others. The business activity of the group can be seen in the geographical region of Indonesia, China, India, Thailand, Korea and Others.

PT Dian Swastatika Sentosa Tbk (STU:DSX) Headlines

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