Global Uin Intelligence Holdings (HKSE:08496) Beneish M-Score : -14.66 (As of Jun. 23, 2024)

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What is Global Uin Intelligence Holdings Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Good Sign:

Beneish M-Score -14.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Global Uin Intelligence Holdings's Beneish M-Score or its related term are showing as below:

HKSE:08496' s Beneish M-Score Range Over the Past 10 Years
Min: -14.66 Med: -4.88 Max: -3.22
Current: -14.66

During the past 6 years, the highest Beneish M-Score of Global Uin Intelligence Holdings was -3.22. The lowest was -14.66. And the median was -4.88.

Global Uin Intelligence Holdings Beneish M-Score Historical Data

The historical data trend for Global Uin Intelligence Holdings'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.

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Global Uin Intelligence Holdings Beneish M-Score Chart

Global Uin Intelligence Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beneish M-Score

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-4.32

-5.43

-3.22

-14.66

Global Uin Intelligence Holdings Quarterly Data
	Jun18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															-	-	-14.66	-	-

Competitive Comparison of Global Uin Intelligence Holdings's Beneish M-Score

For the Grocery Stores subindustry, Global Uin Intelligence Holdings'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.

Global Uin Intelligence Holdings's Beneish M-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Global Uin Intelligence Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Global Uin Intelligence Holdings's Beneish M-Score falls into.

Global Uin Intelligence Holdings 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 Global Uin Intelligence Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.3355

0.528 * 0.9437

0.404 * 1.6908

0.892 * 0.959

0.115 * 0.5185

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9655

4.679 * -2.37639

0.327 * 2.8648

-14.66

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was HK$0.61 Mil.
Revenue was HK$65.04 Mil.
Gross Profit was HK$50.80 Mil.
Total Current Assets was HK$6.69 Mil.
Total Assets was HK$15.74 Mil.
Property, Plant and Equipment(Net PPE) was HK$6.52 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$19.02 Mil.
Selling, General, & Admin. Expense(SGA) was HK$5.80 Mil.
Total Current Liabilities was HK$34.02 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7.38 Mil.
Net Income was HK$-28.36 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$9.04 Mil.

Total Receivables was HK$1.90 Mil.
Revenue was HK$67.82 Mil.
Gross Profit was HK$49.99 Mil.
Total Current Assets was HK$19.29 Mil.
Total Assets was HK$61.04 Mil.
Property, Plant and Equipment(Net PPE) was HK$35.94 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$22.61 Mil.
Selling, General, & Admin. Expense(SGA) was HK$6.27 Mil.
Total Current Liabilities was HK$38.82 Mil.
Long-Term Debt & Capital Lease Obligation was HK$17.23 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)
	=	(0.611 / 65.04)	/	(1.899 / 67.822)
	=	0.009394	/	0.028
	=	0.3355

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)
	=	(49.99 / 67.822)	/	(50.802 / 65.04)
	=	0.737076	/	0.781089
	=	0.9437

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 - (6.686 + 6.517) / 15.739)	/	(1 - (19.289 + 35.935) / 61.041)
	=	0.161128	/	0.095297
	=	1.6908

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
	=	65.04	/	67.822
	=	0.959

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))
	=	(22.605 / (22.605 + 35.935))	/	(19.015 / (19.015 + 6.517))
	=	0.386146	/	0.744752
	=	0.5185

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)
	=	(5.801 / 65.04)	/	(6.265 / 67.822)
	=	0.089191	/	0.092374
	=	0.9655

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)
	=	((7.384 + 34.016) / 15.739)	/	((17.225 + 38.821) / 61.041)
	=	2.630409	/	0.91817
	=	2.8648

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
	=	(-28.36 - 0	-	9.042)	/	15.739
	=	-2.37639

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.

Global Uin Intelligence Holdings has a M-score of -14.66 suggests that the company is unlikely to be a manipulator.

Global Uin Intelligence Holdings Beneish M-Score Related Terms

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Global Uin Intelligence Holdings (HKSE:08496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Global Uin Intelligence Holdings Ltd (HKSE:08496) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

139 Hennessy Road, Unit A, 12th Floor, China Overseas Building, Wanchai, Hong Kong, HKG

Website

https://www.proofer.com.sg

Global Uin Intelligence Holdings Ltd is an investment holding company engaged principally engage in the manufacturing and retailing of bakery products and the operation of restaurants. Its operating segments include the sale of bakery products and the operation of restaurants, of which the majority of the revenue comes from the sale of bakery products that operates retail bakery outlets. Its brands include Proofer, Yuba Hut, Laura, and 300BC Bakery.

Executives

Zhang Yang	2201 Interest of corporation controlled by you
Uin Holdings Limited	2201 Interest of corporation controlled by you
China Uwin Technology Co., Limited	2101 Beneficial owner
Dunman Capital Global Limited	2101 Beneficial owner
Yang Fan	2201 Interest of corporation controlled by you
Zhong Hua	2202 Interest of your spouse
Aa Food Holdings Limited	2101 Beneficial owner
Chia Hee Mei Anita	2201 Interest of corporation controlled by you
Goh Leong Heng Aris	2201 Interest of corporation controlled by you

Global Uin Intelligence Holdings (HKSE:08496) Headlines

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