Eminence Enterprise Beneish M-Score Historical Data
The historical data trend for Eminence Enterprise'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.
Eminence Enterprise Beneish M-Score Chart
|
Eminence Enterprise Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.45 |
-2.89 |
-3.02 |
-2.54 |
-2.45 |
|
Eminence Enterprise Semi-Annual Data
|
|
Mar15 |
Sep15 |
Mar16 |
Sep16 |
Mar17 |
Sep17 |
Mar18 |
Sep18 |
Mar19 |
Sep19 |
Mar20 |
Sep20 |
Mar21 |
Sep21 |
Mar22 |
Sep22 |
Mar23 |
Sep23 |
Mar24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.54 |
- |
-2.45 |
- |
Competitive Comparison of Eminence Enterprise's Beneish M-Score
For the Real Estate Services subindustry, Eminence Enterprise'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.
Eminence Enterprise's Beneish M-Score Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Eminence Enterprise's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Eminence Enterprise's Beneish M-Score falls into.
Eminence Enterprise 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 Eminence Enterprise 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 * 0.7228 | + | 0.528 * 1.0062 | + | 0.404 * 0.961 | + | 0.892 * 1.1287 | + | 0.115 * 1.5294 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1007 | + | 4.679 * 0.032509 | - | 0.327 * 1.0391 |
| = | -2.45 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was HK$49.77 Mil.
Revenue was HK$30.69 Mil.
Gross Profit was HK$27.17 Mil.
Total Current Assets was HK$4,074.90 Mil.
Total Assets was HK$5,408.81 Mil.
Property, Plant and Equipment(Net PPE) was HK$10.30 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.17 Mil.
Selling, General, & Admin. Expense(SGA) was HK$58.48 Mil.
Total Current Liabilities was HK$1,277.26 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,076.42 Mil.
Net Income was HK$-213.15 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-388.99 Mil.
|
Total Receivables was HK$61.00 Mil.
Revenue was HK$27.19 Mil.
Gross Profit was HK$24.23 Mil.
Total Current Assets was HK$4,186.14 Mil.
Total Assets was HK$5,624.27 Mil.
Property, Plant and Equipment(Net PPE) was HK$5.96 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.35 Mil.
Selling, General, & Admin. Expense(SGA) was HK$47.07 Mil.
Total Current Liabilities was HK$867.92 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,487.39 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) |
| = | (49.768 / 30.693) | / | (61.001 / 27.194) |
| = | 1.621477 | / | 2.243179 |
| | = | 0.7228 |
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) |
| = | (24.225 / 27.194) | / | (27.173 / 30.693) |
| = | 0.890822 | / | 0.885316 |
| | = | 1.0062 |
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 - (4074.899 + 10.303) / 5408.807) | / | (1 - (4186.141 + 5.956) / 5624.267) |
| = | 0.244713 | / | 0.254641 |
| | = | 0.961 |
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 |
| = | 30.693 | / | 27.194 |
| | = | 1.1287 |
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)) |
| = | (3.348 / (3.348 + 5.956)) | / | (3.17 / (3.17 + 10.303)) |
| = | 0.359845 | / | 0.235285 |
| | = | 1.5294 |
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) |
| = | (58.483 / 30.693) | / | (47.074 / 27.194) |
| = | 1.905418 | / | 1.731044 |
| | = | 1.1007 |
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) |
| = | ((1076.415 + 1277.26) / 5408.807) | / | ((1487.388 + 867.92) / 5624.267) |
| = | 0.435156 | / | 0.418776 |
| | = | 1.0391 |
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 |
| = | (-213.149 - 0 | - | -388.985) | / | 5408.807 |
| | = | 0.032509 |
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.
Eminence Enterprise has a M-score of -2.45 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00616 has been successfully added to your