Honda Motor Co Beneish M-Score Historical Data
The historical data trend for Honda Motor Co'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.
Honda Motor Co Beneish M-Score Chart
|
Honda Motor Co Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.70 |
-2.50 |
-2.67 |
-2.65 |
-2.26 |
|
Honda Motor Co 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.27 |
-2.26 |
-2.22 |
-2.22 |
-2.13 |
Competitive Comparison of Honda Motor Co's Beneish M-Score
For the Auto Manufacturers subindustry, Honda Motor Co'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.
Honda Motor Co's Beneish M-Score Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Motor Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Honda Motor Co's Beneish M-Score falls into.
Honda Motor Co 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 Honda Motor Co 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 * 0.9986 | + | 0.528 * 0.9867 | + | 0.404 * 1.0213 | + | 0.892 * 1.0548 | + | 0.115 * 1.1825 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9409 | + | 4.679 * 0.014402 | - | 0.327 * 0.6014 |
| = | -2.20 |
* 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 $25,175 Mil.
Revenue was 35959.673 + 37723.708 + 34238.3 + 36239.225 = $144,161 Mil.
Gross Profit was 7669.911 + 8043.608 + 7578.76 + 7678.452 = $30,971 Mil.
Total Current Assets was $79,346 Mil.
Total Assets was $203,974 Mil.
Property, Plant and Equipment(Net PPE) was $58,331 Mil.
Depreciation, Depletion and Amortization(DDA) was $4,894 Mil.
Selling, General, & Admin. Expense(SGA) was $14,578 Mil.
Total Current Liabilities was $57,312 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Net Income was 2019.188 + 699.687 + 2500.063 + 1585.684 = $6,805 Mil.
Non Operating Income was -42.298 + -155.246 + 9.084 + 798.072 = $610 Mil.
Cash Flow from Operations was 550.228 + 1048.967 + -514.779 + 2173.021 = $3,257 Mil.
|
Total Receivables was $23,899 Mil.
Revenue was 37436.059 + 33713.66 + 32718.295 + 32800.344 = $136,668 Mil.
Gross Profit was 8154.707 + 7376.212 + 7053.752 + 6386.118 = $28,971 Mil.
Total Current Assets was $74,676 Mil.
Total Assets was $190,509 Mil.
Property, Plant and Equipment(Net PPE) was $55,205 Mil.
Depreciation, Depletion and Amortization(DDA) was $5,563 Mil.
Selling, General, & Admin. Expense(SGA) was $14,688 Mil.
Total Current Liabilities was $51,565 Mil.
Long-Term Debt & Capital Lease Obligation was $37,445 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) |
| = | (25174.532 / 144160.906) | / | (23898.633 / 136668.358) |
| = | 0.174628 | / | 0.174866 |
| | = | 0.9986 |
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) |
| = | (28970.789 / 136668.358) | / | (30970.731 / 144160.906) |
| = | 0.211979 | / | 0.214834 |
| | = | 0.9867 |
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 - (79346.062 + 58331.391) / 203974.208) | / | (1 - (74676.344 + 55205.078) / 190508.892) |
| = | 0.325025 | / | 0.31824 |
| | = | 1.0213 |
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 |
| = | 144160.906 | / | 136668.358 |
| | = | 1.0548 |
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)) |
| = | (5562.507 / (5562.507 + 55205.078)) | / | (4894.45 / (4894.45 + 58331.391)) |
| = | 0.091537 | / | 0.077412 |
| | = | 1.1825 |
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) |
| = | (14577.575 / 144160.906) | / | (14687.959 / 136668.358) |
| = | 0.10112 | / | 0.107472 |
| | = | 0.9409 |
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 + 57312.259) / 203974.208) | / | ((37444.554 + 51564.923) / 190508.892) |
| = | 0.280978 | / | 0.46722 |
| | = | 0.6014 |
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 |
| = | (6804.622 - 609.612 | - | 3257.437) | / | 203974.208 |
| | = | 0.014402 |
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.
Honda Motor Co has a M-score of -2.20 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LTS:0J5T has been successfully added to your