International Genius Co (HKSE:00033) Beneish M-Score : 12.71 (As of Jun. 19, 2024)

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What is International Genius Co 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.

Warning Sign:

Beneish M-Score 12.71 higher than -1.78, which implies that the company might have manipulated its financial results.

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

HKSE:00033' s Beneish M-Score Range Over the Past 10 Years
Min: -16.22 Med: -0.83 Max: 12.71
Current: 12.71

During the past 13 years, the highest Beneish M-Score of International Genius Co was 12.71. The lowest was -16.22. And the median was -0.83.

International Genius Co Beneish M-Score Historical Data

The historical data trend for International Genius 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.

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International Genius Co Beneish M-Score Chart

International Genius Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun22

Jun23

Beneish M-Score

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-3.34

-1.62

-16.22

1.87

12.71

International Genius Co Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															-	1.87	-	12.71	-

Competitive Comparison of International Genius Co's Beneish M-Score

For the Asset Management subindustry, International Genius 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.

International Genius Co's Beneish M-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, International Genius Co's Beneish M-Score distribution charts can be found below:

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

International Genius 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 International Genius Co 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 * 0.4299

0.528 * 18.0484

0.404 * 19.5404

0.892 * 1.1299

0.115 * 1.6144

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.176881

0.327 * 1.4313

12.71

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was HK$55.9 Mil.
Revenue was HK$334.0 Mil.
Gross Profit was HK$3.2 Mil.
Total Current Assets was HK$155.6 Mil.
Total Assets was HK$207.1 Mil.
Property, Plant and Equipment(Net PPE) was HK$44.7 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$10.4 Mil.
Selling, General, & Admin. Expense(SGA) was HK$0.0 Mil.
Total Current Liabilities was HK$40.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$24.3 Mil.
Net Income was HK$-38.7 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-2.1 Mil.

Total Receivables was HK$115.1 Mil.
Revenue was HK$295.6 Mil.
Gross Profit was HK$50.8 Mil.
Total Current Assets was HK$226.2 Mil.
Total Assets was HK$239.6 Mil.
Property, Plant and Equipment(Net PPE) was HK$13.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$5.7 Mil.
Selling, General, & Admin. Expense(SGA) was HK$0.0 Mil.
Total Current Liabilities was HK$52.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 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)
	=	(55.904 / 333.964)	/	(115.095 / 295.561)
	=	0.167395	/	0.389412
	=	0.4299

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)
	=	(50.826 / 295.561)	/	(3.182 / 333.964)
	=	0.171965	/	0.009528
	=	18.0484

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 - (155.625 + 44.715) / 207.094)	/	(1 - (226.15 + 13.089) / 239.639)
	=	0.032613	/	0.001669
	=	19.5404

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
	=	333.964	/	295.561
	=	1.1299

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))
	=	(5.74 / (5.74 + 13.089))	/	(10.409 / (10.409 + 44.715))
	=	0.304849	/	0.188829
	=	1.6144

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 / 333.964)	/	(0 / 295.561)
	=	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)
	=	((24.284 + 40.114) / 207.094)	/	((0 + 52.063) / 239.639)
	=	0.31096	/	0.217256
	=	1.4313

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
	=	(-38.71 - 0	-	-2.079)	/	207.094
	=	-0.176881

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.

International Genius Co has a M-score of 12.71 signals that the company is likely to be a manipulator.

International Genius Co Beneish M-Score Related Terms

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International Genius Co (HKSE:00033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » International Genius Co (HKSE:00033) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen's Road Central, Unit Nos 4202-05,42nd Floor, Cosco Tower, Hong Kong, HKG

Website

https://www.geniusi.com

International Genius Co, is an investment holding company mainly engaged in the trading of party products. The Company operates its business through six segments. The Party Products Trading segment is mainly engaged in the trading of party products. The Securities Brokerage and Asset Management segment is mainly engaged in the provision of securities brokerage and asset management services. The Lending Business segment is mainly engaged in the Provision of lending services. The Metals and Minerals Trading segment is engaged in metals and minerals trading. The Credit Guarantee Service and Investment Business segment are engaged in the credit guarantee service and investment business. The majority of revenue is generated from Securities brokerage and assets management.

Executives

Neo Tech Inc.	2201 Interest of corporation controlled by you
Ng Yu	2201 Interest of corporation controlled by you
Internet Finance Investment Co. Ltd	2101 Beneficial owner
Cheung Kwan	2101 Beneficial owner
Internet Finance Investment Company Limited	2101 Beneficial owner

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