Bojun Education Co Beneish M-Score Historical Data
The historical data trend for Bojun Education 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.
Bojun Education Co Beneish M-Score Chart
|
Bojun Education Co Annual Data
|
|
Trend |
Aug15 |
Aug16 |
Aug17 |
Aug18 |
Aug19 |
Aug20 |
Aug21 |
Aug22 |
Aug23 |
Aug24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
- |
- |
- |
-1.01 |
-0.15 |
|
Bojun Education Co Semi-Annual Data
|
|
Aug15 |
Aug16 |
Feb17 |
Aug17 |
Feb18 |
Aug18 |
Feb19 |
Aug19 |
Feb20 |
Aug20 |
Feb21 |
Aug21 |
Feb22 |
Aug22 |
Feb23 |
Aug23 |
Feb24 |
Aug24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
- |
- |
-1.01 |
- |
-0.15 |
Competitive Comparison of Bojun Education Co's Beneish M-Score
For the Education & Training Services subindustry, Bojun Education 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.
Bojun Education Co's Beneish M-Score Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Bojun Education Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bojun Education Co's Beneish M-Score falls into.
Bojun Education 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 Bojun Education Co 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 * 0.2335 | + | 0.528 * 0.3075 | + | 0.404 * 0.6086 | + | 0.892 * 5.34 | + | 0.115 * 0.1294 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7543 | + | 4.679 * -0.053495 | - | 0.327 * 1.0124 |
| = | -0.15 |
* 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 (Aug24) TTM: | Last Year (Aug23) TTM: |
Total Receivables was HK$201.1 Mil.
Revenue was HK$468.8 Mil.
Gross Profit was HK$223.5 Mil.
Total Current Assets was HK$447.4 Mil.
Total Assets was HK$4,380.1 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,837.5 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$132.6 Mil.
Selling, General, & Admin. Expense(SGA) was HK$166.2 Mil.
Total Current Liabilities was HK$1,341.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,278.2 Mil.
Net Income was HK$-43.2 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$191.2 Mil.
|
Total Receivables was HK$161.3 Mil.
Revenue was HK$87.8 Mil.
Gross Profit was HK$12.9 Mil.
Total Current Assets was HK$697.4 Mil.
Total Assets was HK$4,387.3 Mil.
Property, Plant and Equipment(Net PPE) was HK$3,533.0 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$15.3 Mil.
Selling, General, & Admin. Expense(SGA) was HK$41.3 Mil.
Total Current Liabilities was HK$1,725.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$866.4 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) |
| = | (201.098 / 468.768) | / | (161.303 / 87.785) |
| = | 0.428993 | / | 1.837478 |
| | = | 0.2335 |
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) |
| = | (12.869 / 87.785) | / | (223.495 / 468.768) |
| = | 0.146597 | / | 0.476771 |
| | = | 0.3075 |
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 - (447.394 + 3837.479) / 4380.146) | / | (1 - (697.43 + 3533.019) / 4387.25) |
| = | 0.021751 | / | 0.03574 |
| | = | 0.6086 |
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 |
| = | 468.768 | / | 87.785 |
| | = | 5.34 |
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)) |
| = | (15.328 / (15.328 + 3533.019)) | / | (132.557 / (132.557 + 3837.479)) |
| = | 0.00432 | / | 0.033389 |
| | = | 0.1294 |
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) |
| = | (166.15 / 468.768) | / | (41.251 / 87.785) |
| = | 0.35444 | / | 0.469909 |
| | = | 0.7543 |
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) |
| = | ((1278.208 + 1341.902) / 4380.146) | / | ((866.423 + 1725.806) / 4387.25) |
| = | 0.598179 | / | 0.590855 |
| | = | 1.0124 |
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 |
| = | (-43.157 - 0 | - | 191.161) | / | 4380.146 |
| | = | -0.053495 |
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.
Bojun Education Co has a M-score of -0.15 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01758 has been successfully added to your