* 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 Hanjaya Mandalampoerna Tbk's Piotroski F-Score
For the Tobacco subindustry, PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk's Piotroski F-Score Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, PT Hanjaya Mandalampoerna Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Hanjaya Mandalampoerna 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 2160043 + 1590001 + 2455128 + 1891639 = Rp8,096,811 Mil. Cash Flow from Operations was -2823155 + 4360713 + 6629226 + -1884640 = Rp6,282,144 Mil. Revenue was 26965628 + 29188998 + 31142271 + 28686487 = Rp115,983,384 Mil. Gross Profit was 4855736 + 4385736 + 5199909 + 4889016 = Rp19,330,397 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(54786992 + 52656504 + 48557727 + 55761385 + 55316264) / 5 = Rp53415774.4 Mil. Total Assets at the begining of this year (Dec22) was Rp54,786,992 Mil. Long-Term Debt & Capital Lease Obligation was Rp289,503 Mil. Total Current Assets was Rp40,066,044 Mil. Total Current Liabilities was Rp23,302,684 Mil.
Net Income was 1914966 + 1133175 + 1853913 + 1421690 = Rp6,323,744 Mil.
Revenue was 26161078 + 27344396 + 29892666 + 27813181 = Rp111,211,321 Mil. Gross Profit was 4260162 + 3684565 + 4505099 + 4708372 = Rp17,158,198 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(53090428 + 59835031 + 42497668 + 47787996 + 54786992) / 5 = Rp51599623 Mil. Total Assets at the begining of last year (Dec21) was Rp53,090,428 Mil. Long-Term Debt & Capital Lease Obligation was Rp337,115 Mil. Total Current Assets was Rp41,362,998 Mil. Total Current Liabilities was Rp24,545,594 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 Hanjaya Mandalampoerna Tbk's current Net Income (TTM) was 8,096,811.
==> 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 Hanjaya Mandalampoerna Tbk's current Cash Flow from Operations (TTM) was 6,282,144.
==> 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.
PT Hanjaya Mandalampoerna Tbk's return on assets of this year was 0.14778711. PT Hanjaya Mandalampoerna Tbk's return on assets of last year was 0.1191127.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Hanjaya Mandalampoerna Tbk's gearing of this year was 0.0054198. PT Hanjaya Mandalampoerna Tbk's gearing of last year was 0.00653328.
==> 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 Hanjaya Mandalampoerna Tbk's current ratio of this year was 1.71937464. PT Hanjaya Mandalampoerna Tbk's current ratio of last year was 1.6851496.
==> 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 Hanjaya Mandalampoerna Tbk's number of shares in issue this year was 116318.077. PT Hanjaya Mandalampoerna Tbk's number of shares in issue last year was 116318.077.
==> 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.
PT Hanjaya Mandalampoerna Tbk's gross margin of this year was 0.16666523. PT Hanjaya Mandalampoerna Tbk's gross margin of last year was 0.15428463.
==> 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 Hanjaya Mandalampoerna Tbk's asset turnover of this year was 2.11698762. PT Hanjaya Mandalampoerna Tbk's asset turnover of last year was 2.09475277.
==> 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
+
0
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1
+
1
+
1
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1
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1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Hanjaya Mandalampoerna Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
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 Hanjaya Mandalampoerna Tbk Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of PT Hanjaya Mandalampoerna Tbk's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) Business Description
PT Hanjaya Mandala Sampoerna Tbk is an Indonesian tobacco company. It produces a number of brands of cigarettes and is well known, such as Sampoerna A, Sampoerna Kretek, Sampoerna U, and Dji Sam Soe, the legendary King of Kretek. The scope of activities of the company comprises, among others manufacturing, trading, and distributing cigarettes. The company's flagship brand is Dji Sam Soe Kretek.
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