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PT Sumber Tani Agung Resources Tbk (ISX:STAA) Piotroski F-Score : 5 (As of May. 17, 2024)


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What is PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk's Piotroski F-Score or its related term are showing as below:

ISX:STAA' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of PT Sumber Tani Agung Resources Tbk was 7. The lowest was 5. And the median was 5.


PT Sumber Tani Agung Resources Tbk Piotroski F-Score Historical Data

The historical data trend for PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk Piotroski F-Score Chart

PT Sumber Tani Agung Resources Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 5.00 5.00

PT Sumber Tani Agung Resources Tbk Quarterly Data
Dec18 Dec19 Jun20 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 N/A 5.00 N/A 5.00 5.00

Competitive Comparison of PT Sumber Tani Agung Resources Tbk's Piotroski F-Score

For the Farm Products subindustry, PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sumber Tani Agung Resources Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Sumber Tani Agung Resources 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 77071 + 267968 + 193289 + 197587 = Rp735,915 Mil.
Cash Flow from Operations was -134525 + 360604 + 483229 + 381431 = Rp1,090,739 Mil.
Revenue was 1175560 + 1505372 + 1440879 + 1276635 = Rp5,398,446 Mil.
Gross Profit was 219526 + 511277 + 414473 + 369854 = Rp1,515,130 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(7029536 + 6418437 + 6554892 + 6681163 + 7170389) / 5 = Rp6770883.4 Mil.
Total Assets at the begining of this year (Mar23) was Rp7,029,536 Mil.
Long-Term Debt & Capital Lease Obligation was Rp1,133,414 Mil.
Total Current Assets was Rp1,808,056 Mil.
Total Current Liabilities was Rp814,477 Mil.
Net Income was 199867 + 244436 + 235891 + 143552 = Rp823,746 Mil.

Revenue was 1351647 + 1418219 + 1641913 + 1163390 = Rp5,575,169 Mil.
Gross Profit was 452147 + 451779 + 494180 + 263716 = Rp1,661,822 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(7000874 + 6922761 + 7047474 + 7012183 + 7029536) / 5 = Rp7002565.6 Mil.
Total Assets at the begining of last year (Mar22) was Rp7,000,874 Mil.
Long-Term Debt & Capital Lease Obligation was Rp1,232,273 Mil.
Total Current Assets was Rp2,318,581 Mil.
Total Current Liabilities was Rp843,650 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 Sumber Tani Agung Resources Tbk's current Net Income (TTM) was 735,915. ==> 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 Sumber Tani Agung Resources Tbk's current Cash Flow from Operations (TTM) was 1,090,739. ==> 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)
=735915/7029536
=0.10468899

ROA (Last Year)=Net Income/Total Assets (Mar22)
=823746/7000874
=0.11766331

PT Sumber Tani Agung Resources Tbk's return on assets of this year was 0.10468899. PT Sumber Tani Agung Resources Tbk's return on assets of last year was 0.11766331. ==> 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 Sumber Tani Agung Resources Tbk's current Net Income (TTM) was 735,915. PT Sumber Tani Agung Resources Tbk's current Cash Flow from Operations (TTM) was 1,090,739. ==> 1,090,739 > 735,915 ==> 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
=1133414/6770883.4
=0.16739529

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1232273/7002565.6
=0.1759745

PT Sumber Tani Agung Resources Tbk's gearing of this year was 0.16739529. PT Sumber Tani Agung Resources Tbk's gearing of last year was 0.1759745. ==> 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
=1808056/814477
=2.21989817

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2318581/843650
=2.74827357

PT Sumber Tani Agung Resources Tbk's current ratio of this year was 2.21989817. PT Sumber Tani Agung Resources Tbk's current ratio of last year was 2.74827357. ==> 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 Sumber Tani Agung Resources Tbk's number of shares in issue this year was 10903.373. PT Sumber Tani Agung Resources Tbk's number of shares in issue last year was 10903.373. ==> 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
=1515130/5398446
=0.2806604

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1661822/5575169
=0.29807563

PT Sumber Tani Agung Resources Tbk's gross margin of this year was 0.2806604. PT Sumber Tani Agung Resources Tbk's gross margin of last year was 0.29807563. ==> 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)
=5398446/7029536
=0.76796619

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=5575169/7000874
=0.79635328

PT Sumber Tani Agung Resources Tbk's asset turnover of this year was 0.76796619. PT Sumber Tani Agung Resources Tbk's asset turnover of last year was 0.79635328. ==> 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+0+1+0+0
=5

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

PT Sumber Tani Agung Resources Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.

PT Sumber Tani Agung Resources Tbk  (ISX:STAA) 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 Sumber Tani Agung Resources Tbk Piotroski F-Score Related Terms

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PT Sumber Tani Agung Resources Tbk (ISX:STAA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pangeran Diponegoro No. 51, Sumatra Utara, Medan, IDN, 20152
PT Sumber Tani Agung Resources Tbk is an oil palm plantation company. The company manages approximately 13 oil palm estates, 9 palm oil mills, 1 Kernel Crushing Facility, and 1 solvent extraction plant powered by a biogas power plant, all of which situated in 4 provinces in Indonesia: North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan.