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Interlink Telecom PCL (BKK:ITEL) Piotroski F-Score : 7 (As of Jun. 01, 2024)


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What is Interlink Telecom PCL 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

Interlink Telecom PCL 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 Interlink Telecom PCL's Piotroski F-Score or its related term are showing as below:

BKK:ITEL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 9 years, the highest Piotroski F-Score of Interlink Telecom PCL was 8. The lowest was 3. And the median was 5.


Interlink Telecom PCL Piotroski F-Score Historical Data

The historical data trend for Interlink Telecom PCL'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.

Interlink Telecom PCL Piotroski F-Score Chart

Interlink Telecom PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 7.00 5.00 5.00 5.00

Interlink Telecom PCL 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 7.00 5.00 5.00 7.00

Competitive Comparison of Interlink Telecom PCL's Piotroski F-Score

For the Telecom Services subindustry, Interlink Telecom PCL'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.


Interlink Telecom PCL's Piotroski F-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Interlink Telecom PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Interlink Telecom PCL'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 64.369 + 68.42 + 81.531 + 122.955 = ฿337 Mil.
Cash Flow from Operations was 148.994 + 341.881 + -142.807 + -21.529 = ฿327 Mil.
Revenue was 622.232 + 745.718 + 802.741 + 725.63 = ฿2,896 Mil.
Gross Profit was 158.65 + 173.788 + 196.198 + 175.022 = ฿704 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(8371.98 + 8515.986 + 8618.844 + 8930.886 + 9223.135) / 5 = ฿8732.1662 Mil.
Total Assets at the begining of this year (Mar23) was ฿8,372 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,340 Mil.
Total Current Assets was ฿3,994 Mil.
Total Current Liabilities was ฿3,685 Mil.
Net Income was 66.261 + 53.88 + 76.917 + 57.789 = ฿255 Mil.

Revenue was 842.832 + 756.234 + 1209.829 + 542.885 = ฿3,352 Mil.
Gross Profit was 150.037 + 124.592 + 197.171 + 135.966 = ฿608 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(9349.458 + 9076.176 + 9244.879 + 8396.211 + 8371.98) / 5 = ฿8887.7408 Mil.
Total Assets at the begining of last year (Mar22) was ฿9,349 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,731 Mil.
Total Current Assets was ฿2,723 Mil.
Total Current Liabilities was ฿2,783 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.

Interlink Telecom PCL's current Net Income (TTM) was 337. ==> 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.

Interlink Telecom PCL's current Cash Flow from Operations (TTM) was 327. ==> 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)
=337.275/8371.98
=0.04028617

ROA (Last Year)=Net Income/Total Assets (Mar22)
=254.847/9349.458
=0.02725794

Interlink Telecom PCL's return on assets of this year was 0.04028617. Interlink Telecom PCL's return on assets of last year was 0.02725794. ==> 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.

Interlink Telecom PCL's current Net Income (TTM) was 337. Interlink Telecom PCL's current Cash Flow from Operations (TTM) was 327. ==> 327 <= 337 ==> CFROA <= ROA ==> Score 0.

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
=1340.033/8732.1662
=0.1534594

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1730.567/8887.7408
=0.19471394

Interlink Telecom PCL's gearing of this year was 0.1534594. Interlink Telecom PCL's gearing of last year was 0.19471394. ==> 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
=3993.907/3684.848
=1.08387293

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2722.784/2783.129
=0.97831757

Interlink Telecom PCL's current ratio of this year was 1.08387293. Interlink Telecom PCL's current ratio of last year was 0.97831757. ==> 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.

Interlink Telecom PCL's number of shares in issue this year was 1366.167. Interlink Telecom PCL's number of shares in issue last year was 1444.718. ==> 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
=703.658/2896.321
=0.2429489

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=607.766/3351.78
=0.18132634

Interlink Telecom PCL's gross margin of this year was 0.2429489. Interlink Telecom PCL's gross margin of last year was 0.18132634. ==> 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)
=2896.321/8371.98
=0.34595412

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3351.78/9349.458
=0.35849993

Interlink Telecom PCL's asset turnover of this year was 0.34595412. Interlink Telecom PCL's asset turnover of last year was 0.35849993. ==> 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+0+1+1+1+1+0
=7

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

Interlink Telecom PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Interlink Telecom PCL  (BKK:ITEL) 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.


Interlink Telecom PCL Piotroski F-Score Related Terms

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Interlink Telecom PCL (BKK:ITEL) Business Description

Traded in Other Exchanges
N/A
Address
48/66 Soi Rung Reung, Ratchadapisek Road, Samsennok, Huaykwang, Bangkok, THA, 10310
Interlink Telecom PCL owns and operates nationwide Core Network and the fully fiber optical network in Thailand. The company provides telecommunication services through nationwide fiber-optic network and to provide data center space services such as co-location service, cloud-computing service and disaster recovery service. The company recognizes revenue and cost from network installation service. It operational geographical region is Thailand.

Interlink Telecom PCL (BKK:ITEL) Headlines

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