Majan College (University College)OG (MUS:BACS) Beneish M-Score : -2.92 (As of Apr. 07, 2025)

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What is Majan College (University College)OG 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.

Good Sign:

Beneish M-Score -2.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Majan College (University College)OG's Beneish M-Score or its related term are showing as below:

MUS:BACS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92 Med: -2.11 Max: -1.71
Current: -2.92

During the past 13 years, the highest Beneish M-Score of Majan College (University College)OG was -1.71. The lowest was -2.92. And the median was -2.11.

Majan College (University College)OG Beneish M-Score Historical Data

The historical data trend for Majan College (University College)OG'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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Majan College (University College)OG Beneish M-Score Chart

Majan College (University College)OG Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Beneish M-Score

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-2.53

-1.71

-2.13

-1.71

-2.92

Majan College (University College)OG Semi-Annual Data
	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Beneish M-Score	Get a 7-Day Free Trial													-2.53	-1.71	-2.13	-1.71	-2.92

Competitive Comparison of Majan College (University College)OG's Beneish M-Score

For the Education & Training Services subindustry, Majan College (University College)OG'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.

Majan College (University College)OG's Beneish M-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Majan College (University College)OG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Majan College (University College)OG's Beneish M-Score falls into.

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Majan College (University College)OG 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 Majan College (University College)OG 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 * 0.6739

0.528 * 1

0.404 * 1.0174

0.892 * 0.9713

0.115 * 1.0042

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1897

4.679 * -0.007425

0.327 * 1.1638

-2.92

This Year (Aug23) TTM:

Last Year (Aug22) TTM:

Total Receivables was ر.ع0.69 Mil.
Revenue was ر.ع3.83 Mil.
Gross Profit was ر.ع3.83 Mil.
Total Current Assets was ر.ع10.50 Mil.
Total Assets was ر.ع14.01 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع3.23 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.33 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.80 Mil.
Total Current Liabilities was ر.ع0.71 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.00 Mil.
Net Income was ر.ع0.50 Mil.
Gross Profit was ر.ع0.00 Mil.
Cash Flow from Operations was ر.ع0.61 Mil.

Total Receivables was ر.ع1.05 Mil.
Revenue was ر.ع3.94 Mil.
Gross Profit was ر.ع3.94 Mil.
Total Current Assets was ر.ع9.61 Mil.
Total Assets was ر.ع13.32 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع3.45 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.35 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.69 Mil.
Total Current Liabilities was ر.ع0.58 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.00 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)
	=	(0.688 / 3.831)	/	(1.051 / 3.944)
	=	0.179588	/	0.266481
	=	0.6739

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)
	=	(3.944 / 3.944)	/	(3.831 / 3.831)
	=	1	/	1
	=	1

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 - (10.501 + 3.23) / 14.006)	/	(1 - (9.611 + 3.449) / 13.317)
	=	0.019634	/	0.019299
	=	1.0174

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
	=	3.831	/	3.944
	=	0.9713

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))
	=	(0.354 / (0.354 + 3.449))	/	(0.33 / (0.33 + 3.23))
	=	0.093084	/	0.092697
	=	1.0042

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)
	=	(0.802 / 3.831)	/	(0.694 / 3.944)
	=	0.209345	/	0.175963
	=	1.1897

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 + 0.705) / 14.006)	/	((0 + 0.576) / 13.317)
	=	0.050336	/	0.043253
	=	1.1638

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
	=	(0.501 - 0	-	0.605)	/	14.006
	=	-0.007425

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.

Majan College (University College)OG has a M-score of -2.92 suggests that the company is unlikely to be a manipulator.

Majan College (University College)OG Beneish M-Score Related Terms

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Majan College (University College)OG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Majan College (University College) SAOG (MUS:BACS) » Definitions » Beneish M-Score

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Address

Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112

Website

https://www.majancollege.edu.om

Majan College (University College) SAOG engages in the fields of management sciences, and scientific research, and provides education to students in the Sultanate of Oman. The company offers programs at both undergraduate and postgraduate levels. Majan College (University College) SAOG provides its undergraduate programs in Business Administration with several pathways like Finance, Accounting, Banking and Finance, Computer and Internet Applications, Networking, Computing with 3 pathways, and English Language. The Master's programs offered include Business Administration, Computer Sciences, and International Human Resources Management.

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