PT Mora Telematika Indonesia Tbk Beneish M-Score Historical Data
The historical data trend for PT Mora Telematika Indonesia 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 Mora Telematika Indonesia Tbk Beneish M-Score Chart
|
PT Mora Telematika Indonesia Tbk Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
-2.64 |
-2.64 |
-3.47 |
|
PT Mora Telematika Indonesia Tbk Quarterly Data
|
|
Dec19 |
Dec20 |
Mar21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
-2.64 |
-2.99 |
-3.28 |
-3.29 |
-3.47 |
Competitive Comparison of PT Mora Telematika Indonesia Tbk's Beneish M-Score
For the Telecom Services subindustry, PT Mora Telematika Indonesia 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 Mora Telematika Indonesia Tbk's Beneish M-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Mora Telematika Indonesia Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Mora Telematika Indonesia Tbk's Beneish M-Score falls into.
PT Mora Telematika Indonesia 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 Mora Telematika Indonesia 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 * 0.8546 | + | 0.528 * 1.0029 | + | 0.404 * 0.7911 | + | 0.892 * 0.9238 | + | 0.115 * 1.0226 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0257 | + | 4.679 * -0.156067 | - | 0.327 * 0.9064 |
| = | -3.47 |
* 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 Rp1,867,483 Mil.
Revenue was 984832.105 + 841621.906 + 1042361.001 + 1109373.844 = Rp3,978,189 Mil.
Gross Profit was 549720.305 + 410372.687 + 650591.047 + 715149.425 = Rp2,325,833 Mil.
Total Current Assets was Rp4,034,095 Mil.
Total Assets was Rp14,654,147 Mil.
Property, Plant and Equipment(Net PPE) was Rp7,716,856 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp60,825 Mil.
Selling, General, & Admin. Expense(SGA) was Rp207,985 Mil.
Total Current Liabilities was Rp2,557,678 Mil.
Long-Term Debt & Capital Lease Obligation was Rp4,062,336 Mil.
Net Income was 42777.245 + -159256.028 + 162793.267 + 199157.487 = Rp245,472 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 611064.718 + 376166.272 + 672593.918 + 872672.249 = Rp2,532,497 Mil.
|
Total Receivables was Rp2,365,385 Mil.
Revenue was 961613.461 + 1020244.588 + 1088623.608 + 1235842.516 = Rp4,306,324 Mil.
Gross Profit was 517126.821 + 642227.787 + 631180.93 + 734398.004 = Rp2,524,934 Mil.
Total Current Assets was Rp3,833,452 Mil.
Total Assets was Rp14,899,261 Mil.
Property, Plant and Equipment(Net PPE) was Rp7,334,595 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp59,132 Mil.
Selling, General, & Admin. Expense(SGA) was Rp219,505 Mil.
Total Current Liabilities was Rp3,653,944 Mil.
Long-Term Debt & Capital Lease Obligation was Rp3,771,646 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) |
| = | (1867483.092 / 3978188.856) | / | (2365385.03 / 4306324.173) |
| = | 0.46943 | / | 0.549282 |
| | = | 0.8546 |
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) |
| = | (2524933.542 / 4306324.173) | / | (2325833.464 / 3978188.856) |
| = | 0.586332 | / | 0.584646 |
| | = | 1.0029 |
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 - (4034095.22 + 7716856.047) / 14654146.649) | / | (1 - (3833451.837 + 7334595.485) / 14899260.719) |
| = | 0.198114 | / | 0.250429 |
| | = | 0.7911 |
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 |
| = | 3978188.856 | / | 4306324.173 |
| | = | 0.9238 |
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)) |
| = | (59132.431 / (59132.431 + 7334595.485)) | / | (60825.478 / (60825.478 + 7716856.047)) |
| = | 0.007998 | / | 0.007821 |
| | = | 1.0226 |
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) |
| = | (207984.591 / 3978188.856) | / | (219504.621 / 4306324.173) |
| = | 0.052281 | / | 0.050973 |
| | = | 1.0257 |
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) |
| = | ((4062336.258 + 2557677.805) / 14654146.649) | / | ((3771646.194 + 3653944.276) / 14899260.719) |
| = | 0.45175 | / | 0.498387 |
| | = | 0.9064 |
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 |
| = | (245471.971 - 0 | - | 2532497.157) | / | 14654146.649 |
| | = | -0.156067 |
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 Mora Telematika Indonesia Tbk has a M-score of -3.47 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ISX:MORA has been successfully added to your