IDICO JSC Beneish M-Score Historical Data
The historical data trend for IDICO JSC'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.
IDICO JSC Beneish M-Score Chart
|
IDICO JSC Annual Data
|
|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
1.02 |
17.77 |
-1.08 |
-3.49 |
|
IDICO JSC Quarterly Data
|
|
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.08 |
-2.10 |
-2.62 |
-2.68 |
-3.49 |
Competitive Comparison of IDICO JSC's Beneish M-Score
For the Engineering & Construction subindustry, IDICO JSC'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.
IDICO JSC's Beneish M-Score Distribution in the Construction Industry
For the Construction industry and Industrials sector, IDICO JSC's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where IDICO JSC's Beneish M-Score falls into.
IDICO JSC 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 IDICO JSC 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 * 0.4456 | + | 0.528 * 0.8876 | + | 0.404 * 0.472 | + | 0.892 * 1.2224 | + | 0.115 * 1.0849 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9 | + | 4.679 * -0.10041 | - | 0.327 * 0.9359 |
| = | -3.49 |
* 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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Total Receivables was ₫1,041,032 Mil.
Revenue was 1955334.918 + 2275529.728 + 2148489.328 + 2467056.536 = ₫8,846,411 Mil.
Gross Profit was 635784.834 + 793321.47 + 809865.916 + 1098287.379 = ₫3,337,260 Mil.
Total Current Assets was ₫7,422,043 Mil.
Total Assets was ₫18,799,536 Mil.
Property, Plant and Equipment(Net PPE) was ₫7,928,858 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫1,352,662 Mil.
Selling, General, & Admin. Expense(SGA) was ₫355,285 Mil.
Total Current Liabilities was ₫4,531,971 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,992,309 Mil.
Net Income was 357719.491 + 511013.714 + 432484.844 + 695138.495 = ₫1,996,357 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 302927.252 + 1285081.665 + 1344694.98 + 951312.311 = ₫3,884,016 Mil.
|
Total Receivables was ₫1,911,350 Mil.
Revenue was 2239314.38 + 1443473.445 + 2407561.656 + 1146682.283 = ₫7,237,032 Mil.
Gross Profit was 822020.7 + 405225.893 + 892324.338 + 303560.92 = ₫2,423,132 Mil.
Total Current Assets was ₫6,017,755 Mil.
Total Assets was ₫17,720,446 Mil.
Property, Plant and Equipment(Net PPE) was ₫4,815,147 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫904,320 Mil.
Selling, General, & Admin. Expense(SGA) was ₫322,957 Mil.
Total Current Liabilities was ₫3,986,375 Mil.
Long-Term Debt & Capital Lease Obligation was ₫2,584,728 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) |
| = | (1041031.854 / 8846410.51) | / | (1911350.464 / 7237031.764) |
| = | 0.117678 | / | 0.264107 |
| | = | 0.4456 |
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) |
| = | (2423131.851 / 7237031.764) | / | (3337259.599 / 8846410.51) |
| = | 0.334824 | / | 0.377244 |
| | = | 0.8876 |
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 - (7422043.183 + 7928857.538) / 18799535.657) | / | (1 - (6017754.706 + 4815146.618) / 17720445.592) |
| = | 0.183443 | / | 0.388678 |
| | = | 0.472 |
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 |
| = | 8846410.51 | / | 7237031.764 |
| | = | 1.2224 |
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)) |
| = | (904320.173 / (904320.173 + 4815146.618)) | / | (1352661.655 / (1352661.655 + 7928857.538)) |
| = | 0.158113 | / | 0.145737 |
| | = | 1.0849 |
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) |
| = | (355285.47 / 8846410.51) | / | (322957.423 / 7237031.764) |
| = | 0.040162 | / | 0.044626 |
| | = | 0.9 |
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) |
| = | ((1992308.67 + 4531970.588) / 18799535.657) | / | ((2584728.045 + 3986374.598) / 17720445.592) |
| = | 0.347045 | / | 0.37082 |
| | = | 0.9359 |
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 |
| = | (1996356.544 - 0 | - | 3884016.208) | / | 18799535.657 |
| | = | -0.10041 |
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.
IDICO JSC has a M-score of -3.49 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HSTC:IDC has been successfully added to your