Samg Entertainment Co Beneish M-Score Historical Data
The historical data trend for Samg Entertainment Co'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.
Samg Entertainment Co Beneish M-Score Chart
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Samg Entertainment Co Annual Data
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Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
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- |
- |
- |
- |
-2.53 |
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Samg Entertainment Co Quarterly Data
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Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
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- |
- |
- |
-2.53 |
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Competitive Comparison of Samg Entertainment Co's Beneish M-Score
For the Entertainment subindustry, Samg Entertainment Co'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.
Samg Entertainment Co's Beneish M-Score Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Samg Entertainment Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Samg Entertainment Co's Beneish M-Score falls into.
Samg Entertainment Co 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 Samg Entertainment Co 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 | + | 0.528 * 1.3551 | + | 0.404 * 1.9905 | + | 0.892 * 1.3577 | + | 0.115 * 0.3482 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 2.1146 | + | 4.679 * -0.132021 | - | 0.327 * 0.8621 |
| = | -3.33 |
* 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 ₩0 Mil.
Revenue was 25309.968 + 34480.545 + 16134.798 + 23479.785 = ₩99,405 Mil.
Gross Profit was 3792.617 + 8439.54 + 3126.786 + 5646.36 = ₩21,005 Mil.
Total Current Assets was ₩60,633 Mil.
Total Assets was ₩100,544 Mil.
Property, Plant and Equipment(Net PPE) was ₩0 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩5,049 Mil.
Selling, General, & Admin. Expense(SGA) was ₩21,466 Mil.
Total Current Liabilities was ₩26,983 Mil.
Long-Term Debt & Capital Lease Obligation was ₩0 Mil.
Net Income was -6572.341 + -10487.52 + -4677.953 + -2499.058 = ₩-24,237 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 0 + -9436.195 + -4159.682 + 2632.914 = ₩-10,963 Mil.
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Total Receivables was ₩12,739 Mil.
Revenue was 21027.44 + 25676.762 + 10735.001 + 15775.617 = ₩73,215 Mil.
Gross Profit was 6130.532 + 6136.009 + 3850.61 + 4847.849 = ₩20,965 Mil.
Total Current Assets was ₩52,632 Mil.
Total Assets was ₩76,200 Mil.
Property, Plant and Equipment(Net PPE) was ₩8,373 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩4,472 Mil.
Selling, General, & Admin. Expense(SGA) was ₩7,477 Mil.
Total Current Liabilities was ₩21,084 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,637 Mil.
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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) |
| = | (0 / 99405.096) | / | (12739.372 / 73214.82) |
| = | 0 | / | 0.174 |
| | = | 0 |
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) |
| = | (20965 / 73214.82) | / | (21005.303 / 99405.096) |
| = | 0.286349 | / | 0.21131 |
| | = | 1.3551 |
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 - (60633.302 + 0) / 100544.181) | / | (1 - (52631.756 + 8372.559) / 76200.05) |
| = | 0.396949 | / | 0.199419 |
| | = | 1.9905 |
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 |
| = | 99405.096 | / | 73214.82 |
| | = | 1.3577 |
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)) |
| = | (4472.448 / (4472.448 + 8372.559)) | / | (5048.775 / (5048.775 + 0)) |
| = | 0.348186 | / | 1 |
| | = | 0.3482 |
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) |
| = | (21466.202 / 99405.096) | / | (7476.755 / 73214.82) |
| = | 0.215947 | / | 0.102121 |
| | = | 2.1146 |
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) |
| = | ((0 + 26983.367) / 100544.181) | / | ((2636.888 + 21084.019) / 76200.05) |
| = | 0.268373 | / | 0.311298 |
| | = | 0.8621 |
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 |
| = | (-24236.872 - 0 | - | -10962.963) | / | 100544.181 |
| | = | -0.132021 |
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.
Samg Entertainment Co has a M-score of -3.33 suggests that the company is unlikely to be a manipulator.
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