GPT Healthcare Beneish M-Score Historical Data
The historical data trend for GPT Healthcare'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.
GPT Healthcare Beneish M-Score Chart
|
GPT Healthcare Annual Data
|
|
Trend |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
- |
- |
-3.08 |
-2.29 |
|
GPT Healthcare Quarterly Data
|
|
Mar21 |
Mar22 |
Sep22 |
Mar23 |
Sep23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
- |
- |
-3.08 |
- |
-2.29 |
Competitive Comparison of GPT Healthcare's Beneish M-Score
For the Medical Care Facilities subindustry, GPT Healthcare'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.
GPT Healthcare's Beneish M-Score Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, GPT Healthcare's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GPT Healthcare's Beneish M-Score falls into.
GPT Healthcare 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 GPT Healthcare 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 * 0.5994 | + | 0.528 * 0.9964 | + | 0.404 * 2.1933 | + | 0.892 * 1.1085 | + | 0.115 * 0.8381 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0 | + | 4.679 * -0.060869 | - | 0.327 * 0.6563 |
| = | -2.29 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was ₹355 Mil.
Revenue was ₹4,002 Mil.
Gross Profit was ₹3,172 Mil.
Total Current Assets was ₹802 Mil.
Total Assets was ₹3,455 Mil.
Property, Plant and Equipment(Net PPE) was ₹2,296 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹180 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹772 Mil.
Long-Term Debt & Capital Lease Obligation was ₹190 Mil.
Net Income was ₹478 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹688 Mil.
|
Total Receivables was ₹534 Mil.
Revenue was ₹3,610 Mil.
Gross Profit was ₹2,852 Mil.
Total Current Assets was ₹813 Mil.
Total Assets was ₹3,268 Mil.
Property, Plant and Equipment(Net PPE) was ₹2,301 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹149 Mil.
Selling, General, & Admin. Expense(SGA) was ₹1,036 Mil.
Total Current Liabilities was ₹818 Mil.
Long-Term Debt & Capital Lease Obligation was ₹568 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) |
| = | (355.023 / 4001.93) | / | (534.38 / 3610.371) |
| = | 0.088713 | / | 0.148012 |
| | = | 0.5994 |
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) |
| = | (2851.737 / 3610.371) | / | (3172.306 / 4001.93) |
| = | 0.789874 | / | 0.792694 |
| | = | 0.9964 |
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 - (801.57 + 2296.051) / 3455.185) | / | (1 - (812.7 + 2300.68) / 3267.55) |
| = | 0.103486 | / | 0.047182 |
| | = | 2.1933 |
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 |
| = | 4001.93 | / | 3610.371 |
| | = | 1.1085 |
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)) |
| = | (149.123 / (149.123 + 2300.68)) | / | (179.819 / (179.819 + 2296.051)) |
| = | 0.060871 | / | 0.072629 |
| | = | 0.8381 |
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 / 4001.93) | / | (1035.56 / 3610.371) |
| = | 0 | / | 0.286829 |
| | = | 0 |
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) |
| = | ((189.734 + 772.081) / 3455.185) | / | ((567.53 + 818.44) / 3267.55) |
| = | 0.278369 | / | 0.424162 |
| | = | 0.6563 |
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 |
| = | (477.69 - 0 | - | 688.003) | / | 3455.185 |
| | = | -0.060869 |
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.
GPT Healthcare has a M-score of -2.29 suggests that the company is unlikely to be a manipulator.
GPT Healthcare (NSE:GPTHEALTH) Business Description
Traded in Other Exchanges
Address
GPT Centre, JC-25, Sector III, Salt Lake, Kolkata, WB, IND, 700106
GPT Healthcare Ltd is engaged in healthcare sector. It operates a chain of mid-sized full service hospitals under the ILS brand and provide integrated healthcare services, with a focus on secondary and tertiary care and operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:GPTHEALTH has been successfully added to your