Hansol Technics Beneish M-Score Historical Data
The historical data trend for Hansol Technics'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.
Hansol Technics Beneish M-Score Chart
|
Hansol Technics Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.44 |
-2.54 |
-1.44 |
-2.28 |
-3.28 |
|
Hansol Technics 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.24 |
-2.81 |
-2.56 |
-3.28 |
-3.07 |
Competitive Comparison of Hansol Technics's Beneish M-Score
For the Electronic Components subindustry, Hansol Technics'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.
Hansol Technics's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Hansol Technics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hansol Technics's Beneish M-Score falls into.
Hansol Technics 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 Hansol Technics 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 * 0.7427 | + | 0.528 * 1.0036 | + | 0.404 * 1.1286 | + | 0.892 * 0.9125 | + | 0.115 * 1.1957 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9118 | + | 4.679 * -0.090817 | - | 0.327 * 0.8111 |
| = | -3.07 |
* 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 ₩115,578 Mil.
Revenue was 268094.697 + 70478.789 + 441784.403 + 378408.345 = ₩1,158,766 Mil.
Gross Profit was 40064.105 + 22433.728 + 53341.784 + 49501.42 = ₩165,341 Mil.
Total Current Assets was ₩360,820 Mil.
Total Assets was ₩925,045 Mil.
Property, Plant and Equipment(Net PPE) was ₩367,820 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩40,055 Mil.
Selling, General, & Admin. Expense(SGA) was ₩35,428 Mil.
Total Current Liabilities was ₩335,262 Mil.
Long-Term Debt & Capital Lease Obligation was ₩63,150 Mil.
Net Income was 7132.73 + -5601.024 + 23611.324 + 13575.225 = ₩38,718 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 20848.644 + 68536.676 + 23216.554 + 10125.966 = ₩122,728 Mil.
|
Total Receivables was ₩170,545 Mil.
Revenue was 371213.381 + 159654.614 + 392420.149 + 346659.791 = ₩1,269,948 Mil.
Gross Profit was 49139.23 + 41016.384 + 47664.613 + 44035.573 = ₩181,856 Mil.
Total Current Assets was ₩515,775 Mil.
Total Assets was ₩1,078,120 Mil.
Property, Plant and Equipment(Net PPE) was ₩359,527 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩47,833 Mil.
Selling, General, & Admin. Expense(SGA) was ₩42,581 Mil.
Total Current Liabilities was ₩437,553 Mil.
Long-Term Debt & Capital Lease Obligation was ₩134,895 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) |
| = | (115578.436 / 1158766.234) | / | (170545.072 / 1269947.935) |
| = | 0.099743 | / | 0.134293 |
| | = | 0.7427 |
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) |
| = | (181855.8 / 1269947.935) | / | (165341.037 / 1158766.234) |
| = | 0.143199 | / | 0.142687 |
| | = | 1.0036 |
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 - (360819.911 + 367819.835) / 925045.005) | / | (1 - (515774.54 + 359526.645) / 1078119.77) |
| = | 0.21232 | / | 0.188122 |
| | = | 1.1286 |
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 |
| = | 1158766.234 | / | 1269947.935 |
| | = | 0.9125 |
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)) |
| = | (47832.709 / (47832.709 + 359526.645)) | / | (40055.177 / (40055.177 + 367819.835)) |
| = | 0.117421 | / | 0.098205 |
| | = | 1.1957 |
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) |
| = | (35427.866 / 1158766.234) | / | (42581.022 / 1269947.935) |
| = | 0.030574 | / | 0.03353 |
| | = | 0.9118 |
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) |
| = | ((63149.759 + 335261.846) / 925045.005) | / | ((134894.885 + 437552.673) / 1078119.77) |
| = | 0.430694 | / | 0.530968 |
| | = | 0.8111 |
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 |
| = | (38718.255 - 0 | - | 122727.84) | / | 925045.005 |
| | = | -0.090817 |
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.
Hansol Technics has a M-score of -3.07 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:004710 has been successfully added to your