Metalfrio Solutions Beneish M-Score Historical Data
The historical data trend for Metalfrio 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.
Metalfrio Solutions Beneish M-Score Chart
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Metalfrio Solutions Annual Data
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Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
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-3.58 |
-2.24 |
-2.57 |
-2.65 |
-2.73 |
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Metalfrio Solutions Quarterly Data
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Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
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-2.65 |
-3.10 |
-2.49 |
-2.85 |
-2.73 |
Competitive Comparison of Metalfrio Solutions's Beneish M-Score
For the Furnishings, Fixtures & Appliances subindustry, Metalfrio 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.
Metalfrio Solutions's Beneish M-Score Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Metalfrio Solutions's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Metalfrio Solutions's Beneish M-Score falls into.
Metalfrio 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 Metalfrio 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 * 0.9145 | + | 0.528 * 1.0159 | + | 0.404 * 0.9269 | + | 0.892 * 1.1131 | + | 0.115 * 0.9736 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0171 | + | 4.679 * -0.076434 | - | 0.327 * 0.6537 |
| = | -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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Total Receivables was R$658 Mil.
Revenue was 614.7 + 532.103 + 607.991 + 434.298 = R$2,189 Mil.
Gross Profit was 94.829 + 101.369 + 94.848 + 81.667 = R$373 Mil.
Total Current Assets was R$1,374 Mil.
Total Assets was R$1,980 Mil.
Property, Plant and Equipment(Net PPE) was R$376 Mil.
Depreciation, Depletion and Amortization(DDA) was R$70 Mil.
Selling, General, & Admin. Expense(SGA) was R$285 Mil.
Total Current Liabilities was R$1,132 Mil.
Long-Term Debt & Capital Lease Obligation was R$372 Mil.
Net Income was -10.273 + 3.125 + -11.524 + 2.577 = R$-16 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = R$0 Mil.
Cash Flow from Operations was 3.608 + 135.529 + -47.149 + 43.27 = R$135 Mil.
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Total Receivables was R$647 Mil.
Revenue was 534.675 + 462.295 + 498.886 + 470.881 = R$1,967 Mil.
Gross Profit was 91.848 + 80.392 + 90.912 + 77.034 = R$340 Mil.
Total Current Assets was R$1,247 Mil.
Total Assets was R$1,791 Mil.
Property, Plant and Equipment(Net PPE) was R$319 Mil.
Depreciation, Depletion and Amortization(DDA) was R$57 Mil.
Selling, General, & Admin. Expense(SGA) was R$251 Mil.
Total Current Liabilities was R$1,833 Mil.
Long-Term Debt & Capital Lease Obligation was R$247 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) |
| = | (658.227 / 2189.092) | / | (646.64 / 1966.737) |
| = | 0.300685 | / | 0.328788 |
| | = | 0.9145 |
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) |
| = | (340.186 / 1966.737) | / | (372.713 / 2189.092) |
| = | 0.17297 | / | 0.170259 |
| | = | 1.0159 |
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 - (1373.75 + 376.464) / 1980.185) | / | (1 - (1247.389 + 319.119) / 1790.891) |
| = | 0.116136 | / | 0.125291 |
| | = | 0.9269 |
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 |
| = | 2189.092 | / | 1966.737 |
| | = | 1.1131 |
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)) |
| = | (57.377 / (57.377 + 319.119)) | / | (69.863 / (69.863 + 376.464)) |
| = | 0.152397 | / | 0.156529 |
| | = | 0.9736 |
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) |
| = | (284.603 / 2189.092) | / | (251.408 / 1966.737) |
| = | 0.13001 | / | 0.12783 |
| | = | 1.0171 |
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) |
| = | ((372.166 + 1131.637) / 1980.185) | / | ((247.324 + 1833.371) / 1790.891) |
| = | 0.759426 | / | 1.161821 |
| | = | 0.6537 |
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 |
| = | (-16.095 - 0 | - | 135.258) | / | 1980.185 |
| | = | -0.076434 |
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.
Metalfrio Solutions has a M-score of -2.73 suggests that the company is unlikely to be a manipulator.
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