K'S Holdings Beneish M-Score Historical Data
The historical data trend for K'S Holdings'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.
K'S Holdings Beneish M-Score Chart
|
K'S Holdings Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.09 |
-2.58 |
-2.43 |
-2.43 |
-2.63 |
|
K'S Holdings Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.43 |
-2.39 |
-2.63 |
-2.88 |
-2.63 |
Competitive Comparison of K'S Holdings's Beneish M-Score
For the Specialty Retail subindustry, K'S Holdings'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.
K'S Holdings's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, K'S Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where K'S Holdings's Beneish M-Score falls into.
K'S Holdings 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 K'S Holdings for today is based on a combination of the following eight different indices:
| M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
| = | -4.84 | + | 0.92 * 1.3359 | + | 0.528 * 1.0191 | + | 0.404 * 0.9947 | + | 0.892 * 0.9743 | + | 0.115 * 0.9582 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.985 | + | 4.679 * -0.094594 | - | 0.327 * 1.006 |
| = | -2.63 |
* 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: |
Total Receivables was 円32,148 Mil.
Revenue was 175629 + 179988 + 196443 + 166309 = 円718,369 Mil.
Gross Profit was 50318 + 47814 + 53744 + 46869 = 円198,745 Mil.
Total Current Assets was 円226,646 Mil.
Total Assets was 円438,199 Mil.
Property, Plant and Equipment(Net PPE) was 円167,252 Mil.
Depreciation, Depletion and Amortization(DDA) was 円15,155 Mil.
Selling, General, & Admin. Expense(SGA) was 円38,166 Mil.
Total Current Liabilities was 円144,184 Mil.
Long-Term Debt & Capital Lease Obligation was 円19,051 Mil.
Net Income was -4105 + 2827 + 6094 + 2564 = 円7,380 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = 円0 Mil.
Cash Flow from Operations was 11567 + -396 + 30890 + 6770 = 円48,831 Mil.
|
Total Receivables was 円24,700 Mil.
Revenue was 180918 + 186918 + 192395 + 177089 = 円737,320 Mil.
Gross Profit was 53548 + 50248 + 53681 + 50406 = 円207,883 Mil.
Total Current Assets was 円234,947 Mil.
Total Assets was 円453,692 Mil.
Property, Plant and Equipment(Net PPE) was 円172,635 Mil.
Depreciation, Depletion and Amortization(DDA) was 円14,932 Mil.
Selling, General, & Admin. Expense(SGA) was 円39,768 Mil.
Total Current Liabilities was 円146,475 Mil.
Long-Term Debt & Capital Lease Obligation was 円21,519 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) |
| = | (32148 / 718369) | / | (24700 / 737320) |
| = | 0.044751 | / | 0.0335 |
| | = | 1.3359 |
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) |
| = | (207883 / 737320) | / | (198745 / 718369) |
| = | 0.281944 | / | 0.276661 |
| | = | 1.0191 |
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 - (226646 + 167252) / 438199) | / | (1 - (234947 + 172635) / 453692) |
| = | 0.101098 | / | 0.101633 |
| | = | 0.9947 |
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 |
| = | 718369 | / | 737320 |
| | = | 0.9743 |
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)) |
| = | (14932 / (14932 + 172635)) | / | (15155 / (15155 + 167252)) |
| = | 0.079609 | / | 0.083083 |
| | = | 0.9582 |
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) |
| = | (38166 / 718369) | / | (39768 / 737320) |
| = | 0.053129 | / | 0.053936 |
| | = | 0.985 |
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) |
| = | ((19051 + 144184) / 438199) | / | ((21519 + 146475) / 453692) |
| = | 0.372513 | / | 0.370282 |
| | = | 1.006 |
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 |
| = | (7380 - 0 | - | 48831) | / | 438199 |
| | = | -0.094594 |
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.
K'S Holdings has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:8282 has been successfully added to your