PT IndoInternet Tbk Beneish M-Score Historical Data
The historical data trend for PT IndoInternet Tbk'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.
PT IndoInternet Tbk Beneish M-Score Chart
|
PT IndoInternet Tbk Annual Data
|
|
Trend |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
Dec25 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-1.71 |
-1.57 |
-2.38 |
-2.48 |
-1.73 |
|
PT IndoInternet Tbk Quarterly Data
|
|
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
Jun25 |
Sep25 |
Dec25 |
Mar26 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.06 |
-3.01 |
-2.67 |
-1.73 |
-1.30 |
ISX:EDGE vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, PT IndoInternet Tbk'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.
PT IndoInternet Tbk Beneish M-Score vs Software Industry
For the Software industry and Technology sector, PT IndoInternet Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT IndoInternet Tbk's Beneish M-Score falls into.
PT IndoInternet Tbk 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 PT IndoInternet Tbk 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 * 1.5614 | + | 0.528 * 0.8845 | + | 0.404 * 3.311 | + | 0.892 * 0.9463 | + | 0.115 * 1.5613 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9697 | + | 4.679 * -0.018535 | - | 0.327 * 1.4499 |
| = | -1.30 |
* 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 (Mar26) TTM: | Last Year (Mar25) TTM: |
Total Receivables was Rp296,302 Mil.
Revenue was 243024 + 247004 + 220050 + 189884 = Rp899,962 Mil.
Gross Profit was 117204 + 122928 + 104355 + 83259 = Rp427,746 Mil.
Total Current Assets was Rp989,014 Mil.
Total Assets was Rp7,485,322 Mil.
Property, Plant and Equipment(Net PPE) was Rp5,929,630 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp2,080 Mil.
Selling, General, & Admin. Expense(SGA) was Rp24,787 Mil.
Total Current Liabilities was Rp1,565,095 Mil.
Long-Term Debt & Capital Lease Obligation was Rp4,017,193 Mil.
Net Income was 34404 + 39549 + 26838 + 18873 = Rp119,664 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was -101788 + 130988 + 62573 + 166633 = Rp258,406 Mil.
|
Total Receivables was Rp200,531 Mil.
Revenue was 185179 + 247050 + 259173 + 259631 = Rp951,033 Mil.
Gross Profit was 89882 + 105220 + 87610 + 117084 = Rp399,796 Mil.
Total Current Assets was Rp585,914 Mil.
Total Assets was Rp3,653,191 Mil.
Property, Plant and Equipment(Net PPE) was Rp2,983,747 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp1,636 Mil.
Selling, General, & Admin. Expense(SGA) was Rp27,013 Mil.
Total Current Liabilities was Rp692,779 Mil.
Long-Term Debt & Capital Lease Obligation was Rp1,186,294 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) |
| = | (296302 / 899962) | / | (200531 / 951033) |
| = | 0.329238 | / | 0.210856 |
| | = | 1.5614 |
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) |
| = | (399796 / 951033) | / | (427746 / 899962) |
| = | 0.420381 | / | 0.475293 |
| | = | 0.8845 |
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 - (989014 + 5929630) / 7485322) | / | (1 - (585914 + 2983747) / 3653191) |
| = | 0.075705 | / | 0.022865 |
| | = | 3.311 |
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 |
| = | 899962 | / | 951033 |
| | = | 0.9463 |
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)) |
| = | (1636 / (1636 + 2983747)) | / | (2080 / (2080 + 5929630)) |
| = | 0.000548 | / | 0.000351 |
| | = | 1.5613 |
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) |
| = | (24787 / 899962) | / | (27013 / 951033) |
| = | 0.027542 | / | 0.028404 |
| | = | 0.9697 |
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) |
| = | ((4017193 + 1565095) / 7485322) | / | ((1186294 + 692779) / 3653191) |
| = | 0.745765 | / | 0.514365 |
| | = | 1.4499 |
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 |
| = | (119664 - 0 | - | 258406) | / | 7485322 |
| | = | -0.018535 |
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.
PT IndoInternet Tbk has a M-score of -1.30 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:EDGE has been successfully added to your 
