Genting Bhd Beneish M-Score Historical Data
The historical data trend for Genting Bhd'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.
Genting Bhd Beneish M-Score Chart
|
Genting Bhd Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.67 |
-2.04 |
-2.72 |
-2.62 |
-2.50 |
|
Genting Bhd Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.50 |
- |
- |
- |
Competitive Comparison of Genting Bhd's Beneish M-Score
For the Resorts & Casinos subindustry, Genting Bhd'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.
Genting Bhd's Beneish M-Score Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Genting Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Genting Bhd's Beneish M-Score falls into.
Genting Bhd 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 Genting Bhd 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 * 1.1588 | + | 0.528 * 0.9479 | + | 0.404 * 0.9044 | + | 0.892 * 1.1469 | + | 0.115 * 0.9645 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0012 | + | 4.679 * -0.061697 | - | 0.327 * 0.9754 |
| = | -2.55 |
* 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 $678 Mil.
Revenue was $5,822 Mil.
Gross Profit was $1,836 Mil.
Total Current Assets was $6,606 Mil.
Total Assets was $22,936 Mil.
Property, Plant and Equipment(Net PPE) was $12,870 Mil.
Depreciation, Depletion and Amortization(DDA) was $845 Mil.
Selling, General, & Admin. Expense(SGA) was $727 Mil.
Total Current Liabilities was $2,215 Mil.
Long-Term Debt & Capital Lease Obligation was $7,932 Mil.
Net Income was $199 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $1,615 Mil.
|
Total Receivables was $510 Mil.
Revenue was $5,076 Mil.
Gross Profit was $1,517 Mil.
Total Current Assets was $6,001 Mil.
Total Assets was $23,247 Mil.
Property, Plant and Equipment(Net PPE) was $13,370 Mil.
Depreciation, Depletion and Amortization(DDA) was $845 Mil.
Selling, General, & Admin. Expense(SGA) was $633 Mil.
Total Current Liabilities was $2,040 Mil.
Long-Term Debt & Capital Lease Obligation was $8,504 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) |
| = | (677.716 / 5821.941) | / | (509.944 / 5076.244) |
| = | 0.116407 | / | 0.100457 |
| | = | 1.1588 |
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) |
| = | (1517.201 / 5076.244) | / | (1835.788 / 5821.941) |
| = | 0.298883 | / | 0.315322 |
| | = | 0.9479 |
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 - (6606.011 + 12870.288) / 22935.573) | / | (1 - (6000.975 + 13369.588) / 23247.443) |
| = | 0.150826 | / | 0.166766 |
| | = | 0.9044 |
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 |
| = | 5821.941 | / | 5076.244 |
| | = | 1.1469 |
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)) |
| = | (844.676 / (844.676 + 13369.588)) | / | (845.019 / (845.019 + 12870.288)) |
| = | 0.059425 | / | 0.061611 |
| | = | 0.9645 |
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) |
| = | (726.664 / 5821.941) | / | (632.838 / 5076.244) |
| = | 0.124815 | / | 0.124667 |
| | = | 1.0012 |
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) |
| = | ((7931.773 + 2215.307) / 22935.573) | / | ((8504.456 + 2039.755) / 23247.443) |
| = | 0.442417 | / | 0.453564 |
| | = | 0.9754 |
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 |
| = | (199.485 - 0 | - | 1614.534) | / | 22935.573 |
| | = | -0.061697 |
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.
Genting Bhd has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GEBHF has been successfully added to your