PT Northcliff Citranusa Indonesia Tbk (ISX:SKYB) Beneish M-Score: 0.00 (As of Aug. 04, 2026)

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What is PT Northcliff Citranusa Indonesia Tbk Beneish M-Score?

PT Northcliff Citranusa Indonesia Tbk ISX:SKYB Beneish M-Score is 0.00 as of Aug. 04, 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 Northcliff Citranusa Indonesia Tbk's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of PT Northcliff Citranusa Indonesia Tbk was 0.00. The lowest was 0.00. And the median was 0.00.

PT Northcliff Citranusa Indonesia Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Northcliff Citranusa 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 Northcliff Citranusa Indonesia Tbk Beneish M-Score Chart

PT Northcliff Citranusa Indonesia Tbk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.37 -2.91 0.00 0.00 0.00

PT Northcliff Citranusa Indonesia Tbk Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Dec21
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 Premium Member Only 0.00 0.00 0.00 0.00 0.00

ISX:SKYB vs WINMQ, CLRI, GLOW: Beneish M-Score Comparison

For the Telecom Services subindustry, PT Northcliff Citranusa 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 Northcliff Citranusa Indonesia Tbk Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Northcliff Citranusa Indonesia Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT Northcliff Citranusa Indonesia Tbk's Beneish M-Score falls into.


PT Northcliff Citranusa 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 Northcliff Citranusa 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+0.528 * 0.8864+0.404 * 1.0474+0.892 * 0.0054+0.115 * 1.0713
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1594+4.679 * -0.133647-0.327 * 0.9619
=-4.96

* 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 (Dec21) TTM:Last Year (Dec19) TTM:
Total Receivables was Rp0.00 Mil.
Revenue was 0 + 0 + 26.322 + 0 = Rp26.32 Mil.
Gross Profit was 0 + 0 + 22.037 + 0 = Rp22.04 Mil.
Total Current Assets was Rp91.36 Mil.
Total Assets was Rp26,415.81 Mil.
Property, Plant and Equipment(Net PPE) was Rp961.31 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp200.82 Mil.
Selling, General, & Admin. Expense(SGA) was Rp12.81 Mil.
Total Current Liabilities was Rp2,705.76 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0.00 Mil.
Net Income was 0 + -3473.669 + -102.601 + 0 = Rp-3,576.27 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0.00 Mil.
Cash Flow from Operations was 0 + -68.49 + 22.619 + 0 = Rp-45.87 Mil.
 Total Receivables was Rp606.06 Mil.
Revenue was 1245.117 + 2084.806 + 1108.247 + 463.107 = Rp4,901.28 Mil.
Gross Profit was 1362.733 + 1593.189 + 672.154 + 9.081 = Rp3,637.16 Mil.
Total Current Assets was Rp849.54 Mil.
Total Assets was Rp31,334.90 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,761.79 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp400.24 Mil.
Selling, General, & Admin. Expense(SGA) was Rp2,056.82 Mil.
Total Current Liabilities was Rp3,336.73 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0.00 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 / 26.322) / (606.062 / 4901.277)
=0 / 0.123654
=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)
=(3637.157 / 4901.277) / (22.037 / 26.322)
=0.742084 / 0.837208
=0.8864

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 - (91.358 + 961.313) / 26415.809) / (1 - (849.538 + 1761.786) / 31334.895)
=0.96015 / 0.916664
=1.0474

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
=26.322 / 4901.277
=0.0054

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))
=(400.237 / (400.237 + 1761.786)) / (200.816 / (200.816 + 961.313))
=0.185122 / 0.1728
=1.0713

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)
=(12.807 / 26.322) / (2056.821 / 4901.277)
=0.486551 / 0.41965
=1.1594

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)
=((0 + 2705.76) / 26415.809) / ((0 + 3336.731) / 31334.895)
=0.10243 / 0.106486
=0.9619

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
=(-3576.27 - 0 - -45.871) / 26415.809
=-0.133647

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 Northcliff Citranusa Indonesia Tbk has a M-score of -4.96 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
PT Northcliff Citranusa Indonesia Tbk (ISX:SKYB) has a Beneish M-Score of 0.00 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Northcliff Citranusa Indonesia Tbk and its competitors.
Is PT Northcliff Citranusa Indonesia Tbk's Beneish M-Score too high?
PT Northcliff Citranusa Indonesia Tbk's current Beneish M-Score is 0.00.
How does PT Northcliff Citranusa Indonesia Tbk's Beneish M-Score compare to WINMQ and CLRI?
PT Northcliff Citranusa Indonesia Tbk's Beneish M-Score of 0.00 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Northcliff Citranusa Indonesia Tbk and its competitors. PT Northcliff Citranusa Indonesia 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 Northcliff Citranusa Indonesia Tbk stock overvalued right now?
PT Northcliff Citranusa Indonesia Tbk (ISX:SKYB) 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 Northcliff Citranusa Indonesia Tbk (ISX:SKYB), the current Beneish M-Score is 0.00 as of Aug. 04, 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 Northcliff Citranusa Indonesia Tbk Business Description

Address Equity Tower 45th Floor, Sudirman Central Business District, Lot 9, Suite H, Senayan, Kebayoran Baru, Jakarta, IDN, 12190
PT Northcliff Citranusa Indonesia Tbk is an Indonesia based company involved in the telecom service business sector. The company along with its subsidiaries provides media and television procurement as well as print and digital media, Hardware mobile phone and music support distribution, and Interactive multimedia and telecommunication services that cover application media. The business is divided into segments that are Mobile Phones, Media, and Other services.