PT Hotel Mandarine Regency Tbk (ISX:HOME) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


What is PT Hotel Mandarine Regency Tbk Beneish M-Score?

PT Hotel Mandarine Regency Tbk ISX:HOME Beneish M-Score is 0.00 as of Jun. 24, 2026.

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.

The historical rank and industry rank for PT Hotel Mandarine Regency Tbk's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of PT Hotel Mandarine Regency Tbk was 0.00. The lowest was 0.00. And the median was 0.00.

PT Hotel Mandarine Regency Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Hotel Mandarine Regency 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 Hotel Mandarine Regency Tbk Beneish M-Score Chart

PT Hotel Mandarine Regency Tbk Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -5.64 -3.31

PT Hotel Mandarine Regency Tbk Quarterly Data
Dec13 Dec14 Dec15 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -3.31 0.00 0.00 0.00

PT Hotel Mandarine Regency Tbk Beneish M-Score Competitor Comparison

For the Lodging subindustry, PT Hotel Mandarine Regency 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 Hotel Mandarine Regency Tbk Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Hotel Mandarine Regency Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT Hotel Mandarine Regency Tbk's Beneish M-Score falls into.


PT Hotel Mandarine Regency 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 Hotel Mandarine Regency 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Sep20) TTM:Last Year (Sep19) TTM:
Total Receivables was Rp26,961 Mil.
Revenue was 2883.162 + 3328.601 + 4036.757 + 4844.931 = Rp15,093 Mil.
Gross Profit was 155.118 + 654.702 + -2739.367 + -10295.19 = Rp-12,225 Mil.
Total Current Assets was Rp2,227,850 Mil.
Total Assets was Rp2,452,280 Mil.
Property, Plant and Equipment(Net PPE) was Rp224,430 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp7,912 Mil.
Selling, General, & Admin. Expense(SGA) was Rp1,019 Mil.
Total Current Liabilities was Rp327,662 Mil.
Long-Term Debt & Capital Lease Obligation was Rp41 Mil.
Net Income was -4713.301 + -2100.068 + -5466.823 + -22674.096 = Rp-34,954 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was -8960.399 + -630.686 + -3458.135 + -2187162.399 = Rp-2,200,212 Mil.
 Total Receivables was Rp0 Mil.
Revenue was 6154.93 + 6521.887 + 7370.537 + 7231.795 = Rp27,279 Mil.
Gross Profit was -2055.782 + -1484.375 + 373.033 + -1393.222 = Rp-4,560 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp0 Mil.
Property, Plant and Equipment(Net PPE) was Rp0 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp8,539 Mil.
Selling, General, & Admin. Expense(SGA) was Rp2,771 Mil.
Total Current Liabilities was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0 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)
=(26961.402 / 15093.451) / (0 / 27279.149)
=1.786298 / 0
=

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)
=(-4560.346 / 27279.149) / (-12224.737 / 15093.451)
=-0.167173 / -0.809937
=

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 - (2227850.258 + 224429.889) / 2452280.146) / (1 - (0 + 0) / 0)
=-0 /
=

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
=15093.451 / 27279.149
=

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))
=(8538.871 / (8538.871 + 0)) / (7911.572 / (7911.572 + 224429.889))
=1 / 0.034051
=

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)
=(1019.151 / 15093.451) / (2771.214 / 27279.149)
=0.067523 / 0.101587
=

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)
=((41 + 327662.002) / 2452280.146) / ((0 + 0) / 0)
=0.133632 /
=

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
=(-34954.288 - 0 - -2200211.619) / 2452280.146
=0.882957

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
PT Hotel Mandarine Regency Tbk (ISX:HOME) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Hotel Mandarine Regency Tbk and its competitors.
Is PT Hotel Mandarine Regency Tbk's Beneish M-Score too high?
PT Hotel Mandarine Regency Tbk's current Beneish M-Score is 0.00.
How does PT Hotel Mandarine Regency Tbk's Beneish M-Score compare to competitors?
PT Hotel Mandarine Regency Tbk's Beneish M-Score of 0.00 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Hotel Mandarine Regency Tbk and its competitors. PT Hotel Mandarine Regency Tbk's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hotel Mandarine Regency Tbk stock overvalued right now?
PT Hotel Mandarine Regency Tbk (ISX:HOME) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For PT Hotel Mandarine Regency Tbk (ISX:HOME), the current Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Hotel Mandarine Regency Tbk Business Description

Address Jl. Imam Bonjol Number 1, Nagoya-Lubuk Baja, Batam, IDN, 29432
PT Hotel Mandarine Regency Tbk is a company engaged in the hotel operations and provision of hospitality service. It operates through the following segments: Room; Food and Beverages; Goodway Vacation Club Memberships; Fitness Center; Other Department, and Others. The company owns and operates a hotel, namely the Goodway Hotel, which is located in Batam, Indonesia. Goodway Vacation Club Memberships segment act as a revenue driver for the company followed by Rooms and Food and beverages segments.