Stelux Holdings International Beneish M-Score Historical Data
The historical data trend for Stelux Holdings International'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.
Stelux Holdings International Beneish M-Score Chart
|
Stelux Holdings International Annual Data
|
|
Trend |
Mar14 |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.57 |
-4.56 |
-3.50 |
-3.28 |
-2.44 |
|
Stelux Holdings International Semi-Annual Data
|
|
Mar14 |
Sep14 |
Mar15 |
Sep15 |
Mar16 |
Sep16 |
Mar17 |
Sep17 |
Mar18 |
Sep18 |
Mar19 |
Sep19 |
Mar20 |
Sep20 |
Mar21 |
Sep21 |
Mar22 |
Sep22 |
Mar23 |
Sep23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-3.28 |
- |
-2.44 |
- |
Competitive Comparison of Stelux Holdings International's Beneish M-Score
For the Luxury Goods subindustry, Stelux Holdings International'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.
Stelux Holdings International's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Stelux Holdings International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Stelux Holdings International's Beneish M-Score falls into.
Stelux Holdings International 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 Stelux Holdings International 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 * 0.7508 | + | 0.528 * 1.0312 | + | 0.404 * 1.1581 | + | 0.892 * 1.1631 | + | 0.115 * 1.2414 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8859 | + | 4.679 * -0.009445 | - | 0.327 * 0.8755 |
| = | -2.44 |
* 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 (Mar23) TTM: | Last Year (Mar22) TTM: |
Total Receivables was HK$79.4 Mil.
Revenue was HK$805.5 Mil.
Gross Profit was HK$365.1 Mil.
Total Current Assets was HK$420.0 Mil.
Total Assets was HK$1,063.1 Mil.
Property, Plant and Equipment(Net PPE) was HK$269.4 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$74.5 Mil.
Selling, General, & Admin. Expense(SGA) was HK$407.2 Mil.
Total Current Liabilities was HK$565.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$41.1 Mil.
Net Income was HK$50.8 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$60.8 Mil.
|
Total Receivables was HK$91.0 Mil.
Revenue was HK$692.5 Mil.
Gross Profit was HK$323.7 Mil.
Total Current Assets was HK$549.9 Mil.
Total Assets was HK$1,182.0 Mil.
Property, Plant and Equipment(Net PPE) was HK$273.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$100.5 Mil.
Selling, General, & Admin. Expense(SGA) was HK$395.2 Mil.
Total Current Liabilities was HK$734.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$35.7 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) |
| = | (79.42 / 805.454) | / | (90.953 / 692.507) |
| = | 0.098603 | / | 0.131339 |
| | = | 0.7508 |
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) |
| = | (323.737 / 692.507) | / | (365.145 / 805.454) |
| = | 0.467486 | / | 0.453341 |
| | = | 1.0312 |
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 - (419.979 + 269.351) / 1063.123) | / | (1 - (549.851 + 273.309) / 1182.03) |
| = | 0.351599 | / | 0.303605 |
| | = | 1.1581 |
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 |
| = | 805.454 | / | 692.507 |
| | = | 1.1631 |
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)) |
| = | (100.537 / (100.537 + 273.309)) | / | (74.482 / (74.482 + 269.351)) |
| = | 0.268926 | / | 0.216623 |
| | = | 1.2414 |
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) |
| = | (407.222 / 805.454) | / | (395.228 / 692.507) |
| = | 0.505581 | / | 0.570721 |
| | = | 0.8859 |
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) |
| = | ((41.087 + 565.695) / 1063.123) | / | ((35.69 + 734.902) / 1182.03) |
| = | 0.570754 | / | 0.651923 |
| | = | 0.8755 |
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 |
| = | (50.795 - 0 | - | 60.836) | / | 1063.123 |
| | = | -0.009445 |
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.
Stelux Holdings International has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00084 has been successfully added to your