Brainbees Solutions Beneish M-Score Historical Data
The historical data trend for Brainbees Solutions'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.
Brainbees Solutions Beneish M-Score Chart
|
Brainbees Solutions Annual Data
|
|
Trend |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
- |
- |
-1.72 |
-2.73 |
|
Brainbees Solutions Quarterly Data
|
|
Mar21 |
Mar22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
- |
-2.73 |
- |
- |
- |
Competitive Comparison of Brainbees Solutions's Beneish M-Score
For the Internet Retail subindustry, Brainbees Solutions'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.
Brainbees Solutions's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Brainbees Solutions's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Brainbees Solutions's Beneish M-Score falls into.
Brainbees Solutions 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 Brainbees Solutions 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 * 0.8512 | + | 0.528 * 0.9645 | + | 0.404 * 0.9303 | + | 0.892 * 1.2021 | + | 0.115 * 1.046 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1 | + | 4.679 * -0.030918 | - | 0.327 * 1.3201 |
| = | -2.73 |
* 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 ₹3,461 Mil.
Revenue was ₹63,255 Mil.
Gross Profit was ₹21,593 Mil.
Total Current Assets was ₹30,535 Mil.
Total Assets was ₹75,104 Mil.
Property, Plant and Equipment(Net PPE) was ₹15,808 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3,709 Mil.
Selling, General, & Admin. Expense(SGA) was ₹11,061 Mil.
Total Current Liabilities was ₹15,691 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10,777 Mil.
Net Income was ₹-2,743 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹-421 Mil.
|
Total Receivables was ₹3,382 Mil.
Revenue was ₹52,622 Mil.
Gross Profit was ₹17,325 Mil.
Total Current Assets was ₹30,029 Mil.
Total Assets was ₹71,198 Mil.
Property, Plant and Equipment(Net PPE) was ₹11,862 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹2,943 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹12,048 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6,959 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) |
| = | (3460.65 / 63255.11) | / | (3382.2 / 52621.9) |
| = | 0.054709 | / | 0.064274 |
| | = | 0.8512 |
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) |
| = | (17324.64 / 52621.9) | / | (21592.85 / 63255.11) |
| = | 0.329229 | / | 0.341361 |
| | = | 0.9645 |
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 - (30535.16 + 15807.65) / 75103.83) | / | (1 - (30028.88 + 11861.72) / 71198.27) |
| = | 0.38295 | / | 0.411635 |
| | = | 0.9303 |
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 |
| = | 63255.11 | / | 52621.9 |
| | = | 1.2021 |
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)) |
| = | (2942.83 / (2942.83 + 11861.72)) | / | (3708.73 / (3708.73 + 15807.65)) |
| = | 0.198779 | / | 0.190032 |
| | = | 1.046 |
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) |
| = | (11061.01 / 63255.11) | / | (0 / 52621.9) |
| = | 0.174864 | / | 0 |
| | = | 1 |
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) |
| = | ((10777.37 + 15690.67) / 75103.83) | / | ((6959.26 + 12048.42) / 71198.27) |
| = | 0.352419 | / | 0.266968 |
| | = | 1.3201 |
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 |
| = | (-2742.77 - 0 | - | -420.73) | / | 75103.83 |
| | = | -0.030918 |
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.
Brainbees Solutions has a M-score of -2.73 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:544226 has been successfully added to your