Kamat Hotels (India) Beneish M-Score Historical Data
The historical data trend for Kamat Hotels (India)'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.
Kamat Hotels (India) Beneish M-Score Chart
|
Kamat Hotels (India) Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.17 |
-2.39 |
-1.98 |
-0.34 |
-2.10 |
|
Kamat Hotels (India) Quarterly Data
|
|
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.10 |
- |
- |
- |
Competitive Comparison of Kamat Hotels (India)'s Beneish M-Score
For the Lodging subindustry, Kamat Hotels (India)'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.
Kamat Hotels (India)'s Beneish M-Score Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kamat Hotels (India)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kamat Hotels (India)'s Beneish M-Score falls into.
Kamat Hotels (India) 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 Kamat Hotels (India) 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 * 1.4219 | + | 0.528 * 1.0639 | + | 0.404 * 1.1783 | + | 0.892 * 1.0303 | + | 0.115 * 0.9567 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8148 | + | 4.679 * -0.043721 | - | 0.327 * 0.8752 |
| = | -2.10 |
* 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 ₹148 Mil.
Revenue was ₹2,875 Mil.
Gross Profit was ₹1,986 Mil.
Total Current Assets was ₹819 Mil.
Total Assets was ₹6,178 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,946 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹177 Mil.
Selling, General, & Admin. Expense(SGA) was ₹401 Mil.
Total Current Liabilities was ₹1,319 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,549 Mil.
Net Income was ₹448 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹719 Mil.
|
Total Receivables was ₹101 Mil.
Revenue was ₹2,791 Mil.
Gross Profit was ₹2,050 Mil.
Total Current Assets was ₹1,291 Mil.
Total Assets was ₹6,092 Mil.
Property, Plant and Equipment(Net PPE) was ₹3,619 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹155 Mil.
Selling, General, & Admin. Expense(SGA) was ₹478 Mil.
Total Current Liabilities was ₹2,297 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,062 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) |
| = | (148.457 / 2875.122) | / | (101.337 / 2790.561) |
| = | 0.051635 | / | 0.036314 |
| | = | 1.4219 |
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) |
| = | (2050.402 / 2790.561) | / | (1985.643 / 2875.122) |
| = | 0.734763 | / | 0.690629 |
| | = | 1.0639 |
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 - (819.364 + 3945.847) / 6177.584) | / | (1 - (1291.306 + 3619.001) / 6092.405) |
| = | 0.228629 | / | 0.194028 |
| | = | 1.1783 |
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 |
| = | 2875.122 | / | 2790.561 |
| | = | 1.0303 |
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)) |
| = | (154.801 / (154.801 + 3619.001)) | / | (176.761 / (176.761 + 3945.847)) |
| = | 0.04102 | / | 0.042876 |
| | = | 0.9567 |
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) |
| = | (401.26 / 2875.122) | / | (477.952 / 2790.561) |
| = | 0.139563 | / | 0.171275 |
| | = | 0.8148 |
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) |
| = | ((2549.053 + 1319.043) / 6177.584) | / | ((2061.661 + 2296.924) / 6092.405) |
| = | 0.62615 | / | 0.715413 |
| | = | 0.8752 |
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 |
| = | (448.472 - 0 | - | 718.564) | / | 6177.584 |
| | = | -0.043721 |
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.
Kamat Hotels (India) has a M-score of -2.10 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:526668 has been successfully added to your