Gentili Mosconi SpA (MIL:GM) Beneish M-Score : -1.70 (As of Mar. 02, 2025)

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What is Gentili Mosconi SpA Beneish M-Score?

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.

Warning Sign:

Beneish M-Score -1.7 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Gentili Mosconi SpA's Beneish M-Score or its related term are showing as below:

MIL:GM' s Beneish M-Score Range Over the Past 10 Years
Min: -2.19 Med: -1.95 Max: -1.7
Current: -1.7

During the past 3 years, the highest Beneish M-Score of Gentili Mosconi SpA was -1.70. The lowest was -2.19. And the median was -1.95.

Gentili Mosconi SpA Beneish M-Score Historical Data

The historical data trend for Gentili Mosconi SpA'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.

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Gentili Mosconi SpA Beneish M-Score Chart

Gentili Mosconi SpA Annual Data

Trend

Dec20

Dec21

Dec22

Beneish M-Score

-1.70

Gentili Mosconi SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial			-	-1.70	-	-2.19	-

Competitive Comparison of Gentili Mosconi SpA's Beneish M-Score

For the Textile Manufacturing subindustry, Gentili Mosconi SpA'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.

Gentili Mosconi SpA's Beneish M-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gentili Mosconi SpA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gentili Mosconi SpA's Beneish M-Score falls into.

Gentili Mosconi SpA 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 Gentili Mosconi SpA for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9947

0.528 * 0.9003

0.404 * 1.2194

0.892 * 1.297

0.115 * 0.9765

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.089429

0.327 * 0.7978

-1.70

This Year (Dec22) TTM:

Last Year (Dec21) TTM:

Total Receivables was €14.12 Mil.
Revenue was €54.43 Mil.
Gross Profit was €17.75 Mil.
Total Current Assets was €30.05 Mil.
Total Assets was €34.53 Mil.
Property, Plant and Equipment(Net PPE) was €3.38 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.86 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €13.19 Mil.
Long-Term Debt & Capital Lease Obligation was €1.65 Mil.
Net Income was €6.80 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €3.72 Mil.

Total Receivables was €10.94 Mil.
Revenue was €41.96 Mil.
Gross Profit was €12.32 Mil.
Total Current Assets was €24.74 Mil.
Total Assets was €28.79 Mil.
Property, Plant and Equipment(Net PPE) was €3.30 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.82 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €13.01 Mil.
Long-Term Debt & Capital Lease Obligation was €2.50 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)
	=	(14.116 / 54.426)	/	(10.941 / 41.962)
	=	0.259361	/	0.260736
	=	0.9947

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)
	=	(12.324 / 41.962)	/	(17.754 / 54.426)
	=	0.293694	/	0.326204
	=	0.9003

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 - (30.054 + 3.379) / 34.53)	/	(1 - (24.744 + 3.295) / 28.789)
	=	0.031769	/	0.026052
	=	1.2194

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
	=	54.426	/	41.962
	=	1.297

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))
	=	(0.815 / (0.815 + 3.295))	/	(0.861 / (0.861 + 3.379))
	=	0.198297	/	0.203066
	=	0.9765

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)
	=	(0 / 54.426)	/	(0 / 41.962)
	=	0	/	0
	=	1

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)
	=	((1.648 + 13.193) / 34.53)	/	((2.495 + 13.014) / 28.789)
	=	0.4298	/	0.538713
	=	0.7978

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
	=	(6.804 - 0	-	3.716)	/	34.53
	=	0.089429

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.

Gentili Mosconi SpA has a M-score of -1.70 signals that the company is likely to be a manipulator.

Gentili Mosconi SpA Beneish M-Score Related Terms

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Gentili Mosconi SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gentili Mosconi SpA (MIL:GM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tevere 7/9, Casnate con Bernate, Como, ITA, 22070

Website

https://www.gentilimosconi.it

Gentili Mosconi SpA creates and produces printed and dyed fabrics, with jacquard and yarn-dyed processes, fabrics with original prints or garment prints and other special processes for the most important national and international fashion brands.