Quicktouch Technologies (NSE:QUICKTOUCH) Beneish M-Score : 0.72 (As of Jun. 04, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Quicktouch Technologies Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 0.72 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Quicktouch Technologies's Beneish M-Score or its related term are showing as below:

NSE:QUICKTOUCH' s Beneish M-Score Range Over the Past 10 Years
Min: -26.31 Med: -1.65 Max: 0.72
Current: 0.72

During the past 6 years, the highest Beneish M-Score of Quicktouch Technologies was 0.72. The lowest was -26.31. And the median was -1.65.

Quicktouch Technologies Beneish M-Score Historical Data

The historical data trend for Quicktouch Technologies's Beneish M-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.

Quicktouch Technologies Beneish M-Score Chart

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Beneish M-Score

Get a 7-Day Free Trial

-1.65

-26.31

0.72

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Beneish M-Score	Get a 7-Day Free Trial			-	-	-1.65	-26.31	0.72

Competitive Comparison of Quicktouch Technologies's Beneish M-Score

For the Information Technology Services subindustry, Quicktouch Technologies's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

Quicktouch Technologies's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Quicktouch Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Quicktouch Technologies's Beneish M-Score falls into.

Quicktouch Technologies Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Quicktouch Technologies for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.6132

0.528 * 0.9582

0.404 * 0.277

0.892 * 3.4522

0.115 * 0.644

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0

4.679 * 0.136004

0.327 * 1.0021

0.72

This Year (Mar23) TTM:

Last Year (Mar22) TTM:

Total Receivables was ₹373.5 Mil.
Revenue was ₹878.6 Mil.
Gross Profit was ₹842.5 Mil.
Total Current Assets was ₹391.2 Mil.
Total Assets was ₹469.9 Mil.
Property, Plant and Equipment(Net PPE) was ₹21.7 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹27.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.0 Mil.
Total Current Liabilities was ₹328.2 Mil.
Long-Term Debt & Capital Lease Obligation was ₹11.6 Mil.
Net Income was ₹63.9 Mil.
Gross Profit was ₹0.0 Mil.
Cash Flow from Operations was ₹0.0 Mil.

Total Receivables was ₹67.1 Mil.
Revenue was ₹254.5 Mil.
Gross Profit was ₹233.9 Mil.
Total Current Assets was ₹74.2 Mil.
Total Assets was ₹168.6 Mil.
Property, Plant and Equipment(Net PPE) was ₹20.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹11.5 Mil.
Selling, General, & Admin. Expense(SGA) was ₹79.0 Mil.
Total Current Liabilities was ₹116.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹5.0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(373.484 / 878.629)	/	(67.065 / 254.516)
	=	0.425076	/	0.2635
	=	1.6132

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(233.853 / 254.516)	/	(842.547 / 878.629)
	=	0.918815	/	0.958934
	=	0.9582

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (391.164 + 21.702) / 469.898)	/	(1 - (74.214 + 20.543) / 168.636)
	=	0.121371	/	0.438097
	=	0.277

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	878.629	/	254.516
	=	3.4522

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(11.492 / (11.492 + 20.543))	/	(27.294 / (27.294 + 21.702))
	=	0.358733	/	0.557066
	=	0.644

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(0 / 878.629)	/	(79.004 / 254.516)
	=	0	/	0.310409
	=	0

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((11.633 + 328.216) / 469.898)	/	((5.025 + 116.681) / 168.636)
	=	0.72324	/	0.721708
	=	1.0021

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(63.908 - 0	-	0)	/	469.898
	=	0.136004

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Quicktouch Technologies has a M-score of 0.72 signals that the company is likely to be a manipulator.

Quicktouch Technologies Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Quicktouch Technologies's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Quicktouch Technologies (NSE:QUICKTOUCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

Quicktouch Technologies (NSE:QUICKTOUCH) Headlines

No Headlines