Khulna Power Co Beneish M-Score Historical Data
The historical data trend for Khulna Power Co'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.
Khulna Power Co Beneish M-Score Chart
|
Khulna Power Co Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.34 |
99.33 |
-2.96 |
-2.16 |
-2.57 |
|
Khulna Power Co Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
9.18 |
-7.22 |
-2.57 |
-2.01 |
-3.00 |
Competitive Comparison of Khulna Power Co's Beneish M-Score
For the Utilities - Regulated Electric subindustry, Khulna Power Co'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.
Khulna Power Co's Beneish M-Score Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Khulna Power Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Khulna Power Co's Beneish M-Score falls into.
Khulna Power Co 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 Khulna Power Co 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 * 0.6892 | + | 0.528 * 0.1502 | + | 0.404 * 1.2569 | + | 0.892 * 1.2806 | + | 0.115 * 1.0538 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.6474 | + | 4.679 * -0.052502 | - | 0.327 * 0.878 |
| = | -3.00 |
* 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 (Dec22) TTM: |
Total Receivables was BDT2,887 Mil.
Revenue was 365.018 + 1826.522 + 2263.029 + 1019.84 = BDT5,474 Mil.
Gross Profit was -62.678 + 117.667 + 276.857 + -38.155 = BDT294 Mil.
Total Current Assets was BDT3,553 Mil.
Total Assets was BDT9,393 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,309 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT224 Mil.
Selling, General, & Admin. Expense(SGA) was BDT21 Mil.
Total Current Liabilities was BDT2,084 Mil.
Long-Term Debt & Capital Lease Obligation was BDT5 Mil.
Net Income was -47.572 + 63.886 + 152.851 + -23.169 = BDT146 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BDT0 Mil.
Cash Flow from Operations was 561.277 + 50.241 + -1985.59 + 2013.198 = BDT639 Mil.
|
Total Receivables was BDT3,271 Mil.
Revenue was 770.682 + 1005.718 + 2364.248 + 134.212 = BDT4,275 Mil.
Gross Profit was -64.325 + 129.886 + 51.803 + -82.912 = BDT34 Mil.
Total Current Assets was BDT4,299 Mil.
Total Assets was BDT10,117 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,507 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT247 Mil.
Selling, General, & Admin. Expense(SGA) was BDT25 Mil.
Total Current Liabilities was BDT2,554 Mil.
Long-Term Debt & Capital Lease Obligation was BDT8 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) |
| = | (2887.026 / 5474.409) | / | (3270.889 / 4274.86) |
| = | 0.527368 | / | 0.765145 |
| | = | 0.6892 |
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) |
| = | (34.452 / 4274.86) | / | (293.691 / 5474.409) |
| = | 0.008059 | / | 0.053648 |
| | = | 0.1502 |
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 - (3553.457 + 4309.15) / 9392.664) | / | (1 - (4299.195 + 4506.626) / 10116.989) |
| = | 0.162899 | / | 0.129601 |
| | = | 1.2569 |
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 |
| = | 5474.409 | / | 4274.86 |
| | = | 1.2806 |
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)) |
| = | (247.177 / (247.177 + 4506.626)) | / | (223.652 / (223.652 + 4309.15)) |
| = | 0.051996 | / | 0.049341 |
| | = | 1.0538 |
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) |
| = | (20.801 / 5474.409) | / | (25.093 / 4274.86) |
| = | 0.0038 | / | 0.00587 |
| | = | 0.6474 |
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) |
| = | ((4.675 + 2084.166) / 9392.664) | / | ((8.155 + 2554.372) / 10116.989) |
| = | 0.222391 | / | 0.253289 |
| | = | 0.878 |
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 |
| = | (145.996 - 0 | - | 639.126) | / | 9392.664 |
| | = | -0.052502 |
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.
Khulna Power Co has a M-score of -3.00 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DHA:KPCL has been successfully added to your