Alltex Industries Beneish M-Score Historical Data
The historical data trend for Alltex Industries'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.
Alltex Industries Beneish M-Score Chart
|
Alltex Industries Annual Data
|
|
Trend |
Jun14 |
Jun15 |
Jun16 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
0.50 |
-3.44 |
-2.46 |
-1.70 |
-2.44 |
|
Alltex Industries Quarterly Data
|
|
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.64 |
-261.38 |
-3.21 |
-2.44 |
17.48 |
Competitive Comparison of Alltex Industries's Beneish M-Score
For the Textile Manufacturing subindustry, Alltex Industries'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.
Alltex Industries's Beneish M-Score Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alltex Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Alltex Industries's Beneish M-Score falls into.
Alltex Industries 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 Alltex Industries 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 * 1.6889 | + | 0.528 * 0.9221 | + | 0.404 * 0.9048 | + | 0.892 * 0.6322 | + | 0.115 * 0.163 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7148 | + | 4.679 * 4.230067 | - | 0.327 * 1.0316 |
| = | 17.48 |
* 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 (Dec23) TTM: | Last Year (Sep22) TTM: |
Total Receivables was BDT411.2 Mil.
Revenue was 88.652 + 82.278 + 109.651 + 157.353 = BDT437.9 Mil.
Gross Profit was 7.225 + 46.798 + 73.517 + 75.163 = BDT202.7 Mil.
Total Current Assets was BDT598.9 Mil.
Total Assets was BDT3,840.8 Mil.
Property, Plant and Equipment(Net PPE) was BDT2,813.2 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT-12,603.7 Mil.
Selling, General, & Admin. Expense(SGA) was BDT6.5 Mil.
Total Current Liabilities was BDT3,143.5 Mil.
Long-Term Debt & Capital Lease Obligation was BDT378.8 Mil.
Net Income was -14.131 + -44.06 + 2.192 + 0.859 = BDT-55.1 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BDT0.0 Mil.
Cash Flow from Operations was 0 + -103.719 + -219139.79 + 202941.587 = BDT-16,301.9 Mil.
|
Total Receivables was BDT385.1 Mil.
Revenue was 50.721 + 92.33 + 221.856 + 327.822 = BDT692.7 Mil.
Gross Profit was -32.973 + 92.868 + 75.427 + 160.325 = BDT295.6 Mil.
Total Current Assets was BDT787.6 Mil.
Total Assets was BDT3,744.2 Mil.
Property, Plant and Equipment(Net PPE) was BDT2,494.8 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT662.3 Mil.
Selling, General, & Admin. Expense(SGA) was BDT14.3 Mil.
Total Current Liabilities was BDT3,020.2 Mil.
Long-Term Debt & Capital Lease Obligation was BDT308.5 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) |
| = | (411.207 / 437.934) | / | (385.14 / 692.729) |
| = | 0.93897 | / | 0.555975 |
| | = | 1.6889 |
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) |
| = | (295.647 / 692.729) | / | (202.703 / 437.934) |
| = | 0.426786 | / | 0.462862 |
| | = | 0.9221 |
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 - (598.923 + 2813.22) / 3840.786) | / | (1 - (787.615 + 2494.76) / 3744.235) |
| = | 0.111603 | / | 0.123352 |
| | = | 0.9048 |
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 |
| = | 437.934 | / | 692.729 |
| | = | 0.6322 |
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)) |
| = | (662.32 / (662.32 + 2494.76)) | / | (-12603.706 / (-12603.706 + 2813.22)) |
| = | 0.209789 | / | 1.287342 |
| | = | 0.163 |
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) |
| = | (6.473 / 437.934) | / | (14.324 / 692.729) |
| = | 0.014781 | / | 0.020678 |
| | = | 0.7148 |
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) |
| = | ((378.849 + 3143.506) / 3840.786) | / | ((308.484 + 3020.183) / 3744.235) |
| = | 0.917092 | / | 0.889011 |
| | = | 1.0316 |
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 |
| = | (-55.14 - 0 | - | -16301.922) | / | 3840.786 |
| | = | 4.230067 |
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.
Alltex Industries has a M-score of 17.48 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DHA:ALLTEX has been successfully added to your