Water Oasis Group Beneish M-Score Historical Data
The historical data trend for Water Oasis Group'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.
Water Oasis Group Beneish M-Score Chart
|
Water Oasis Group Annual Data
|
|
Trend |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
Sep22 |
Sep23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.75 |
-3.16 |
-1.61 |
-3.22 |
-3.07 |
|
Water Oasis Group 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.61 |
- |
-3.22 |
- |
-3.07 |
Competitive Comparison of Water Oasis Group's Beneish M-Score
For the Personal Services subindustry, Water Oasis Group'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.
Water Oasis Group's Beneish M-Score Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Water Oasis Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Water Oasis Group's Beneish M-Score falls into.
Water Oasis Group 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 Water Oasis Group 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 * 0.8978 | + | 0.528 * 0.9729 | + | 0.404 * 1.0166 | + | 0.892 * 1.1599 | + | 0.115 * 0.9531 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.872 | + | 4.679 * -0.138824 | - | 0.327 * 0.9858 |
| = | -3.07 |
* 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 (Sep23) TTM: | Last Year (Sep22) TTM: |
Total Receivables was HK$49.2 Mil.
Revenue was HK$976.6 Mil.
Gross Profit was HK$880.9 Mil.
Total Current Assets was HK$426.2 Mil.
Total Assets was HK$1,222.8 Mil.
Property, Plant and Equipment(Net PPE) was HK$427.2 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$161.3 Mil.
Selling, General, & Admin. Expense(SGA) was HK$27.1 Mil.
Total Current Liabilities was HK$735.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$159.2 Mil.
Net Income was HK$110.3 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$280.1 Mil.
|
Total Receivables was HK$47.2 Mil.
Revenue was HK$841.9 Mil.
Gross Profit was HK$738.9 Mil.
Total Current Assets was HK$412.9 Mil.
Total Assets was HK$1,261.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$473.5 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$167.4 Mil.
Selling, General, & Admin. Expense(SGA) was HK$26.8 Mil.
Total Current Liabilities was HK$751.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$184.9 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) |
| = | (49.192 / 976.572) | / | (47.24 / 841.936) |
| = | 0.050372 | / | 0.056109 |
| | = | 0.8978 |
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) |
| = | (738.905 / 841.936) | / | (880.919 / 976.572) |
| = | 0.877626 | / | 0.902052 |
| | = | 0.9729 |
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 - (426.156 + 427.243) / 1222.76) | / | (1 - (412.921 + 473.501) / 1261.16) |
| = | 0.302072 | / | 0.297138 |
| | = | 1.0166 |
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 |
| = | 976.572 | / | 841.936 |
| | = | 1.1599 |
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)) |
| = | (167.419 / (167.419 + 473.501)) | / | (161.304 / (161.304 + 427.243)) |
| = | 0.261217 | / | 0.274072 |
| | = | 0.9531 |
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) |
| = | (27.079 / 976.572) | / | (26.774 / 841.936) |
| = | 0.027729 | / | 0.031801 |
| | = | 0.872 |
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) |
| = | ((159.192 + 735.448) / 1222.76) | / | ((184.855 + 751.209) / 1261.16) |
| = | 0.731656 | / | 0.742225 |
| | = | 0.9858 |
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 |
| = | (110.32 - 0 | - | 280.069) | / | 1222.76 |
| | = | -0.138824 |
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.
Water Oasis Group has a M-score of -3.07 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01161 has been successfully added to your