Uamt (BSE:UAM) Beneish M-Score : -2.74 (As of Mar. 30, 2025)

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What is Uamt Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Good Sign:

Beneish M-Score -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Uamt's Beneish M-Score or its related term are showing as below:

BSE:UAM' s Beneish M-Score Range Over the Past 10 Years
Min: -4.35 Med: -2.75 Max: -1.13
Current: -2.74

During the past 13 years, the highest Beneish M-Score of Uamt was -1.13. The lowest was -4.35. And the median was -2.75.

Uamt Beneish M-Score Historical Data

The historical data trend for Uamt'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.

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Uamt Beneish M-Score Chart

Uamt Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-4.35

-2.63

-3.07

-3.03

-2.74

Uamt 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															-3.03	-	-	-	-2.74

Competitive Comparison of Uamt's Beneish M-Score

For the Auto Parts subindustry, Uamt'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.

Uamt's Beneish M-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Uamt's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Uamt's Beneish M-Score falls into.

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Uamt 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 Uamt for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0598

0.528 * 1.3675

0.404 * 0.2902

0.892 * 0.6016

0.115 * 1.054

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.0003

0.327 * 0.6246

-2.74

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was lei4.76 Mil.
Revenue was lei22.13 Mil.
Gross Profit was lei4.82 Mil.
Total Current Assets was lei36.12 Mil.
Total Assets was lei86.53 Mil.
Property, Plant and Equipment(Net PPE) was lei50.05 Mil.
Depreciation, Depletion and Amortization(DDA) was lei3.55 Mil.
Selling, General, & Admin. Expense(SGA) was lei0.00 Mil.
Total Current Liabilities was lei6.60 Mil.
Long-Term Debt & Capital Lease Obligation was lei6.65 Mil.
Net Income was lei0.03 Mil.
Gross Profit was lei0.00 Mil.
Cash Flow from Operations was lei0.00 Mil.

Total Receivables was lei7.47 Mil.
Revenue was lei36.79 Mil.
Gross Profit was lei10.95 Mil.
Total Current Assets was lei35.13 Mil.
Total Assets was lei89.84 Mil.
Property, Plant and Equipment(Net PPE) was lei53.45 Mil.
Depreciation, Depletion and Amortization(DDA) was lei4.01 Mil.
Selling, General, & Admin. Expense(SGA) was lei0.00 Mil.
Total Current Liabilities was lei10.25 Mil.
Long-Term Debt & Capital Lease Obligation was lei11.77 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)
	=	(4.762 / 22.132)	/	(7.469 / 36.788)
	=	0.215164	/	0.203028
	=	1.0598

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)
	=	(10.954 / 36.788)	/	(4.819 / 22.132)
	=	0.29776	/	0.217739
	=	1.3675

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 - (36.122 + 50.054) / 86.527)	/	(1 - (35.133 + 53.451) / 89.84)
	=	0.004057	/	0.01398
	=	0.2902

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
	=	22.132	/	36.788
	=	0.6016

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))
	=	(4.011 / (4.011 + 53.451))	/	(3.55 / (3.55 + 50.054))
	=	0.069803	/	0.066226
	=	1.054

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)
	=	(0 / 22.132)	/	(0 / 36.788)
	=	0	/	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)
	=	((6.647 + 6.6) / 86.527)	/	((11.773 + 10.247) / 89.84)
	=	0.153097	/	0.245102
	=	0.6246

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
	=	(0.026 - 0	-	0)	/	86.527
	=	0.0003

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.

Uamt has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.

Uamt Beneish M-Score Related Terms

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Uamt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uamt SA (BSE:UAM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Uzinelor Street No. 8, Oradea, BIHOR, ROU, 410605

Website

http://www.website.uamt.ro

Uamt SA is a manufacturer of auto parts. The company produces and commercializes parts and subassemblies for means of transport, molded pieces from Non-Iron alloy, execution of installations, tool, technological equipment and SDV. The firm specializes in fabricating of other parts and accessories for vehicles and for engines of vehicles. The company produces exterior mirrors, pedal systems, brake systems, control cables rods, wheel keys, stamped parts and plastic molded parts. The operating business segments are industrial customers; car fitters; customers for auto parts; service and trading companies; and Customers for SDVs. The company operates in Romania.

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