Zijin Mining Group Co Beneish M-Score Historical Data
The historical data trend for Zijin Mining Group 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.
|
Zijin Mining Group Co Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.56 |
-2.36 |
-3.19 |
-1.21 |
-2.78 |
|
Zijin Mining Group Co Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.45 |
-2.62 |
-2.72 |
-2.78 |
- |
Competitive Comparison
For the Gold subindustry, Zijin Mining Group 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.
Zijin Mining Group Co Beneish M-Score Distribution
For the Metals & Mining industry and Basic Materials sector, Zijin Mining Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Zijin Mining Group Co's Beneish M-Score falls into.
Zijin Mining Group 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 Zijin Mining Group 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 * 0.9196 | + | 0.528 * 0.9538 | + | 0.404 * 1.0056 | + | 0.892 * 0.9995 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9415 | + | 4.679 * -0.042939 | - | 0.327 * 1.0135 |
| = | -2.77 |
* 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$16,219 Mil.
Revenue was 81229.953 + 74809.534 + 80103.306 + 82458.705 = HK$318,601 Mil.
Gross Profit was 13488.275 + 13422.849 + 12960.779 + 11360.496 = HK$51,232 Mil.
Total Current Assets was HK$89,730 Mil.
Total Assets was HK$386,622 Mil.
Property, Plant and Equipment(Net PPE) was HK$130,770 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$3,107 Mil.
Total Current Liabilities was HK$94,950 Mil.
Long-Term Debt & Capital Lease Obligation was HK$110,547 Mil.
Net Income was 6801.163 + 5419.125 + 6289.028 + 5316.12 = HK$23,825 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = HK$0 Mil.
Cash Flow from Operations was 8877.336 + 12181.281 + 10400.399 + 8967.527 = HK$40,427 Mil.
|
Total Receivables was HK$17,647 Mil.
Revenue was 85361.956 + 73857.115 + 80214.524 + 79342.311 = HK$318,776 Mil.
Gross Profit was 13256.089 + 11942.298 + 10235.83 + 13456.502 = HK$48,891 Mil.
Total Current Assets was HK$91,701 Mil.
Total Assets was HK$359,198 Mil.
Property, Plant and Equipment(Net PPE) was HK$114,024 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$3,302 Mil.
Total Current Liabilities was HK$83,994 Mil.
Long-Term Debt & Capital Lease Obligation was HK$104,389 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) |
| = | (16219.183 / 318601.498) | / | (17647.35 / 318775.906) |
| = | 0.050907 | / | 0.05536 |
| | = | 0.9196 |
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) |
| = | (48890.719 / 318775.906) | / | (51232.399 / 318601.498) |
| = | 0.15337 | / | 0.160804 |
| | = | 0.9538 |
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 - (89730.302 + 130770.059) / 386621.92) | / | (1 - (91701.243 + 114024.337) / 359197.954) |
| = | 0.429674 | / | 0.427264 |
| | = | 1.0056 |
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 |
| = | 318601.498 | / | 318775.906 |
| | = | 0.9995 |
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)) |
| = | (0 / (0 + 114024.337)) | / | (0 / (0 + 130770.059)) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | (3106.694 / 318601.498) | / | (3301.553 / 318775.906) |
| = | 0.009751 | / | 0.010357 |
| | = | 0.9415 |
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) |
| = | ((110546.829 + 94950.265) / 386621.92) | / | ((104388.891 + 83994.138) / 359197.954) |
| = | 0.53152 | / | 0.524455 |
| | = | 1.0135 |
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 |
| = | (23825.436 - 0 | - | 40426.543) | / | 386621.92 |
| | = | -0.042939 |
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.
Zijin Mining Group Co has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02899 has been successfully added to your