NAMA ABDUL HADI

KELAS SMB BLENDED 3

NIM 2021100100
 Piotroski F Score Calculator
Ticker Symbol SKBM
Company Name Sekar Bumi Tbk
Recent Annual Report Year 2022

(in millions) 2022 2021

Revenue Rp 3,802,296,289,773 Rp 3,847,887,478,570
Cost of Goods Sold Rp 3,189,017,199,391 Rp 3,316,793,099,791
Gross Margin Rp 613,279,090,382 Rp 531,094,378,779
Net Income Rp 86,635,603,936 Rp 29,707,421,605
Year End Current Assets Rp 1,263,255,237,692 Rp 1,158,132,110,148
Year End Current Liabilities Rp 875,853,096,624 Rp 883,202,660,221
Year Beginning Total Assets Rp 1,970,428,120,056 Rp 953,792,483,691
Year End Total Assets Rp 2,042,199,577,083 Rp 1,970,428,120,056
Long-term Debt Rp 92,380,769,970 Rp 94,739,966,825
Operating Cash Flow Rp 102,191,880,734 -Rp 44,970,462,418
Diluted Shares Outstanding 1730103217 1730103217
Piotroski F Score
Piotroski F Score Breakdown
Profitability
ROA 1
CFO 1
∆ROA 1
ACCRUAL 1
Leverage, Liquidity, Source of Funds
∆LEVER 1
∆LIQUID 1
EQ_OFFER 1
Operating Efficiency
∆MARGIN 1
∆TURN 0
Total Score 8

Definitions & Explanation of Calculations

ROA: Return on assets. Net Income divided by year beginning total assets. F score is 1 if ROA is positive, 0 otherw
CFO: Operating Cash Flow divided by year beginning total assets. F score is 1 if CFO is positive, 0 otherwise.
∆ROA: Change in ROA from prior year. If ∆ROA>0, F score is 1. Otherwise, F score is 0.
ACCRUAL: CFO compared to ROA. If CFO>ROA, F score is 1. Otherwise, F score is 0.
∆LEVER: Change in Long-term Debt/Average Total Assets ratio. If the ratio compared to prior year is lower, F sco
∆LIQUID: Change in current ratio. If current ratio increases from prior year, F score is 1, 0 otherwise.
EQ_OFFER: Total common equity between years. If common equity increases compared to prior year, F score is 1,
∆MARGIN: Change in Gross Margin Ratio. If current year's ratio minus prior year's ratio >0, F Score is 1, 0 otherw
∆TURN: Change in Asset Turnover Ratio (Revenue/Beginning Year Total Assets). If current year's ratio minus prio

Kesimpulan, SKBM memiliki pioroski F-score 8, yang berar

SKBM memiliki score tertinggi dibandingkan dengan eminetn SKLT, CLE
r

1 if ROA is positive, 0 otherwise.

is positive, 0 otherwise.

d to prior year is lower, F score is 1, 0 otherwise.

s 1, 0 otherwise.
red to prior year, F score is 1, 0 otherwise.
atio >0, F Score is 1, 0 otherwise.
current year's ratio minus prior years >0, F score is 1, 0 otherwise.

re 8, yang berarti kinerjanya kuat.

minetn SKLT, CLEO, HOKI dan STTP
 Piotroski F Score Calculator
Ticker Symbol SKLT
Company Name Sekar Laut Tbk
Recent Annual Report Year 2022

(in millions) 2022

Revenue Rp 1,539,310,803,104
Cost of Goods Sold Rp 1,131,872,232,462
Gross Margin Rp 407,438,570,642
Net Income Rp 74,865,302,076
Year End Current Assets Rp 543,799,195,487
Year End Current Liabilities Rp 333,670,108,915
Year Beginning Total Assets Rp 889,125,250,792
Year End Total Assets Rp 1,033,289,474,829
Long-term Debt Rp 108,865,838,493
Operating Cash Flow Rp 16,414,344,843
Diluted Shares Outstanding 690740500
Piotroski F Score
Piotroski F Score Breakdown
Profitability
ROA
CFO
∆ROA
ACCRUAL
Leverage, Liquidity, Source of Funds
∆LEVER
∆LIQUID
EQ_OFFER
Operating Efficiency
∆MARGIN
∆TURN
Total Score

Definitions & Explanation of Calculations

ROA: Return on assets. Net Income divided by year beginning total assets. F score is 1 if ROA is positive, 0 otherw
CFO: Operating Cash Flow divided by year beginning total assets. F score is 1 if CFO is positive, 0 otherwise.
∆ROA: Change in ROA from prior year. If ∆ROA>0, F score is 1. Otherwise, F score is 0.
ACCRUAL: CFO compared to ROA. If CFO>ROA, F score is 1. Otherwise, F score is 0.
∆LEVER: Change in Long-term Debt/Average Total Assets ratio. If the ratio compared to prior year is lower, F sco
∆LIQUID: Change in current ratio. If current ratio increases from prior year, F score is 1, 0 otherwise.
EQ_OFFER: Total common equity between years. If common equity increases compared to prior year, F score is 1,
∆MARGIN: Change in Gross Margin Ratio. If current year's ratio minus prior year's ratio >0, F Score is 1, 0 otherw
∆TURN: Change in Asset Turnover Ratio (Revenue/Beginning Year Total Assets). If current year's ratio minus prio

Kesimpulan, SKLT memiliki pioroski F-score 4, yang berart

SKLT Memiliki kinerja terendah dibangingkan dengan SKBM, CE
re Calculator

2021
Rp 1,356,846,112,540
Rp 979,016,594,096
Rp 377,829,518,444
Rp 84,524,160,228
Rp 433,383,441,542
Rp 241,664,687,612
Rp 773,863,042,440
Rp 889,125,250,792
Rp 105,623,333,952 690.740.500
Rp 127,778,774,118
690740500

1
1
0
0

1
0
1

0
0
4

otal assets. F score is 1 if ROA is positive, 0 otherwise.

ts. F score is 1 if CFO is positive, 0 otherwise.
1. Otherwise, F score is 0.
1. Otherwise, F score is 0.
o. If the ratio compared to prior year is lower, F score is 1, 0 otherwise.
m prior year, F score is 1, 0 otherwise.
quity increases compared to prior year, F score is 1, 0 otherwise.
io minus prior year's ratio >0, F Score is 1, 0 otherwise.
Year Total Assets). If current year's ratio minus prior years >0, F score is 1, 0 otherwise.

roski F-score 4, yang berarti kinerjanya berada di tengah-tengah (standa

bangingkan dengan SKBM, CELO, HOKI dan STTP
690.740.500
engah (standar).
 Piotroski F Score Calculator
Ticker Symbol CLEO
Company Name Sariguna Primatirta Tbk
Recent Annual Report Year 2022

2022 2021
Revenue Rp 1,358,708,497,805 Rp 1,103,519,743,574
Cost of Goods Sold Rp 836,416,488,396 Rp 642,038,152,501
Gross Margin Rp 522,292,009,409 Rp 61,481,591,073
Net Income Rp 195,598,848,689 Rp 180,711,667,020
Year End Current Assets Rp 380,268,816,727 Rp 279,804,122,714
Year End Current Liabilities Rp 209,828,541,579 Rp 182,882,815,706
Year Beginning Total Assets Rp 1,348,181,576,913 Rp 1,310,940,121,622
Year End Total Assets Rp 1,693,523,611,414 Rp 1,348,181,576,913
Long-term Debt Rp 298,544,206,548 Rp 163,718,867,900
Operating Cash Flow Rp 190,077,226,164 Rp 232,746,845,618
Diluted Shares Outstanding 12000000000 12000000000
Piotroski F Score
Piotroski F Score Breakdown
Profitability
ROA 1
CFO 1
∆ROA 1
ACCRUAL 0
Leverage, Liquidity, Source of Funds
∆LEVER 0
∆LIQUID na
EQ_OFFER 1
Operating Efficiency
∆MARGIN 1
∆TURN 1
Total Score 6

Definitions & Explanation of Calculations

ROA: Return on assets. Net Income divided by year beginning total assets. F score is 1 if ROA is positive, 0 otherw
CFO: Operating Cash Flow divided by year beginning total assets. F score is 1 if CFO is positive, 0 otherwise.
∆ROA: Change in ROA from prior year. If ∆ROA>0, F score is 1. Otherwise, F score is 0.
ACCRUAL: CFO compared to ROA. If CFO>ROA, F score is 1. Otherwise, F score is 0.
∆LEVER: Change in Long-term Debt/Average Total Assets ratio. If the ratio compared to prior year is lower, F sco
∆LIQUID: Change in current ratio. If current ratio increases from prior year, F score is 1, 0 otherwise.
EQ_OFFER: Total common equity between years. If common equity increases compared to prior year, F score is 1,
∆MARGIN: Change in Gross Margin Ratio. If current year's ratio minus prior year's ratio >0, F Score is 1, 0 otherw
∆TURN: Change in Asset Turnover Ratio (Revenue/Beginning Year Total Assets). If current year's ratio minus prio

Kesimpulan, Cleo memiliki pioroski F-score 6, yang berarti

CLEO dan HOKI memiliki kinerja dengan score yang sama, dan berada di
or

is 1 if ROA is positive, 0 otherwise.

CFO is positive, 0 otherwise.

pared to prior year is lower, F score is 1, 0 otherwise.

re is 1, 0 otherwise.
mpared to prior year, F score is 1, 0 otherwise.
r's ratio >0, F Score is 1, 0 otherwise.
. If current year's ratio minus prior years >0, F score is 1, 0 otherwise.

re 6, yang berarti kinerjanya berada di tengah-tengah (standar).

g sama, dan berada di antara SKLT dan STTP
 Piotroski F Score Calculator
Ticker Symbol HOKI
Company Name Buyung Poetra Sembada Tbk
Recent Annual Report Year 2018

(in millions) 2018 2017

Revenue Rp 925,708,985,640 Rp 933,597,187,584
Cost of Goods Sold Rp 823,698,275,632 Rp 820,501,051,093
Gross Margin Rp 102,010,710,008 Rp 113,096,136,491
Net Income Rp 90,572,477 Rp 11,844,682,161
Year End Current Assets Rp 389,697,575,028 Rp 450,325,961,390
Year End Current Liabilities Rp 119,206,775,342 Rp 280,958,063,589
Year Beginning Total Assets Rp 987,563,580,363 Rp 906,924,214,166
Year End Total Assets Rp 811,603,660,216 Rp 987,563,580,363
Long-term Debt Rp 23,537,337,791 Rp 32,429,129,699
Operating Cash Flow Rp 208,500,977,805 Rp 13,844,364,441
Diluted Shares Outstanding 9677752680 9677752680
Piotroski F Score
Piotroski F Score Breakdown
Profitability
ROA 1
CFO 1
∆ROA na
ACCRUAL 1
Leverage, Liquidity, Source of Funds
∆LEVER 1
∆LIQUID 1
EQ_OFFER 1
Operating Efficiency
∆MARGIN 0
∆TURN 0
Total Score 6

Definitions & Explanation of Calculations

ROA: Return on assets. Net Income divided by year beginning total assets. F score is 1 if ROA is positive, 0 otherw
CFO: Operating Cash Flow divided by year beginning total assets. F score is 1 if CFO is positive, 0 otherwise.
∆ROA: Change in ROA from prior year. If ∆ROA>0, F score is 1. Otherwise, F score is 0.
ACCRUAL: CFO compared to ROA. If CFO>ROA, F score is 1. Otherwise, F score is 0.
∆LEVER: Change in Long-term Debt/Average Total Assets ratio. If the ratio compared to prior year is lower, F sco
∆LIQUID: Change in current ratio. If current ratio increases from prior year, F score is 1, 0 otherwise.
EQ_OFFER: Total common equity between years. If common equity increases compared to prior year, F score is 1,
∆MARGIN: Change in Gross Margin Ratio. If current year's ratio minus prior year's ratio >0, F Score is 1, 0 otherw
∆TURN: Change in Asset Turnover Ratio (Revenue/Beginning Year Total Assets). If current year's ratio minus prio

Kesimpulan, HOKI memiliki pioroski F-score 6, yang berar

CLEO dan HOKI memiliki kinerja dengan score yang sama, dan berada di
ator

f ROA is positive, 0 otherwise.

positive, 0 otherwise.

o prior year is lower, F score is 1, 0 otherwise.

, 0 otherwise.
d to prior year, F score is 1, 0 otherwise.
o >0, F Score is 1, 0 otherwise.
rrent year's ratio minus prior years >0, F score is 1, 0 otherwise.

6, yang berarti kinerjanya berada di tengah-tengah (standar).

ma, dan berada di antara SKLT dan STTP
ndar).
 Piotroski F Score Calculator
Ticker Symbol STTP
Company Name PT Siantar Top Tbk
Recent Annual Report Year 2022

(in millions) 2022 2021

Revenue Rp 4,931,553,771,470 Rp 4,241,856,914,012
Cost of Goods Sold Rp 3,901,792,259,235 Rp 3,209,530,695,002
Gross Margin Rp 1,029,761,512,235 Rp 1,032,326,219,010
Net Income Rp 624,524,005,786 Rp 617,573,766,863
Year End Current Assets Rp 2,575,390,271,556 Rp 1,979,855,004,312
Year End Current Liabilities Rp 530,693,880,588 Rp 475,372,154,415
Year Beginning Total Assets Rp 3,919,243,683,748 Rp 3,448,995,059,882
Year End Total Assets Rp 4,590,737,849,889 Rp 3,919,243,683,748
Long-term Debt Rp 131,645,195,386 Rp 143,022,906,804
Operating Cash Flow Rp 677,186,311,780 Rp 62,488,301,922
Diluted Shares Outstanding 1,310,000,000 1,310,000,000
Piotroski F Score
Piotroski F Score Breakdown
Profitability
ROA 1
CFO 1
∆ROA 0
ACCRUAL 1
Leverage, Liquidity, Source of Funds
∆LEVER 1
∆LIQUID 1
EQ_OFFER 1
Operating Efficiency
∆MARGIN 0
∆TURN 1
Total Score 7

Definitions & Explanation of Calculations

ROA: Return on assets. Net Income divided by year beginning total assets. F score is 1 if ROA is positive, 0 otherw
CFO: Operating Cash Flow divided by year beginning total assets. F score is 1 if CFO is positive, 0 otherwise.
∆ROA: Change in ROA from prior year. If ∆ROA>0, F score is 1. Otherwise, F score is 0.
ACCRUAL: CFO compared to ROA. If CFO>ROA, F score is 1. Otherwise, F score is 0.
∆LEVER: Change in Long-term Debt/Average Total Assets ratio. If the ratio compared to prior year is lower, F sco
∆LIQUID: Change in current ratio. If current ratio increases from prior year, F score is 1, 0 otherwise.
EQ_OFFER: Total common equity between years. If common equity increases compared to prior year, F score is 1,
∆MARGIN: Change in Gross Margin Ratio. If current year's ratio minus prior year's ratio >0, F Score is 1, 0 otherw
∆TURN: Change in Asset Turnover Ratio (Revenue/Beginning Year Total Assets). If current year's ratio minus prio

Kesimpulan, STTP memiliki pioroski F-score 7, yang berart

STTP lebih unggul dari pada HOKI, CLEO, dan SKLT akan tetap
r

1 if ROA is positive, 0 otherwise.

O is positive, 0 otherwise.

red to prior year is lower, F score is 1, 0 otherwise.

is 1, 0 otherwise.
ared to prior year, F score is 1, 0 otherwise.
ratio >0, F Score is 1, 0 otherwise.
f current year's ratio minus prior years >0, F score is 1, 0 otherwise.

re 7, yang berarti kinerjanya berada di tengah-tengah (standar).

SKLT akan tetapi berada 1 poin dibawah SKBM
 Du Pont Model

Year 2022 2022 2022

Quarter 4 4 4
SKBM SKLT CLEO
Sekar Bumi Tbk Sekar Laut Tbk Sariguna Primatirta Tbk
Industry
Sector

Return on Assets 4% 7% 12%

Return on Equity 8% 13% 17%

Net Margin 2% 5% 14%

Asset TurnOver 186% 149% 80%

Equity Multiplier 2.11 2.33 3.33

Total Assets 2,042,200 m 1,033,289 m 1,693,524 m

Total Liabilities 968,234 m 442,536 m 508,373 m
Total Equity 1,073,966 m 590,754 m 1,185,151 m
ont Model
2022 2016
4 4
HOKI STTP
Buyung Poetra Sembada Tbk PT Siantar Top Tbk

0% 14%
0% 16%

0% 13%
114% 107%

5.69 6.93

811,604 m 4,590,738 m
142,744 m 662,339 m
668,860 m 3,928,399 m