Vertis Infrastructure Trust Beneish M-Score Historical Data
The historical data trend for Vertis Infrastructure Trust'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.
Vertis Infrastructure Trust Beneish M-Score Chart
|
Vertis Infrastructure Trust Annual Data
|
|
Trend |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
Mar25 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
0.00 |
-3.22 |
-3.59 |
-0.66 |
-2.37 |
|
Vertis Infrastructure Trust Quarterly Data
|
|
Mar20 |
Mar21 |
Mar22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
Jun25 |
Sep25 |
Dec25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
0.00 |
-2.37 |
0.00 |
0.00 |
0.00 |
NSE:VERTIS vs AMT, EQIX, DLR: Beneish M-Score Comparison
For the REIT - Specialty subindustry, Vertis Infrastructure Trust'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.
Vertis Infrastructure Trust Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Vertis Infrastructure Trust's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vertis Infrastructure Trust's Beneish M-Score falls into.
Vertis Infrastructure Trust 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 Vertis Infrastructure Trust 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 * 1.0655 | + | 0.528 * 1.0015 | + | 0.404 * 1.2132 | + | 0.892 * 1.064 | + | 0.115 * 0.9344 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.6624 | + | 4.679 * -0.05368 | - | 0.327 * 0.6889 |
| = | -2.37 |
* 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 (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was ₹3,566 Mil.
Revenue was ₹21,272 Mil.
Gross Profit was ₹20,654 Mil.
Total Current Assets was ₹13,083 Mil.
Total Assets was ₹143,318 Mil.
Property, Plant and Equipment(Net PPE) was ₹538 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹6,606 Mil.
Selling, General, & Admin. Expense(SGA) was ₹429 Mil.
Total Current Liabilities was ₹12,729 Mil.
Long-Term Debt & Capital Lease Obligation was ₹41,801 Mil.
Net Income was ₹4,681 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹12,374 Mil.
|
Total Receivables was ₹3,145 Mil.
Revenue was ₹19,992 Mil.
Gross Profit was ₹19,440 Mil.
Total Current Assets was ₹22,503 Mil.
Total Assets was ₹90,564 Mil.
Property, Plant and Equipment(Net PPE) was ₹507 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹3,223 Mil.
Selling, General, & Admin. Expense(SGA) was ₹609 Mil.
Total Current Liabilities was ₹12,926 Mil.
Long-Term Debt & Capital Lease Obligation was ₹37,091 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) |
| = | (3565.58 / 21271.5) | / | (3144.9 / 19991.5) |
| = | 0.167622 | / | 0.157312 |
| | = | 1.0655 |
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) |
| = | (19440.05 / 19991.5) | / | (20654.11 / 21271.5) |
| = | 0.972416 | / | 0.970976 |
| | = | 1.0015 |
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 - (13083.04 + 538.27) / 143317.57) | / | (1 - (22502.69 + 507.23) / 90564.03) |
| = | 0.904957 | / | 0.745927 |
| | = | 1.2132 |
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 |
| = | 21271.5 | / | 19991.5 |
| | = | 1.064 |
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)) |
| = | (3222.93 / (3222.93 + 507.23)) | / | (6606.48 / (6606.48 + 538.27)) |
| = | 0.864019 | / | 0.924662 |
| | = | 0.9344 |
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) |
| = | (429.18 / 21271.5) | / | (608.88 / 19991.5) |
| = | 0.020176 | / | 0.030457 |
| | = | 0.6624 |
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) |
| = | ((41800.92 + 12728.85) / 143317.57) | / | ((37090.68 + 12926.37) / 90564.03) |
| = | 0.380482 | / | 0.552284 |
| | = | 0.6889 |
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 |
| = | (4681.11 - 0 | - | 12374.41) | / | 143317.57 |
| | = | -0.05368 |
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.
Vertis Infrastructure Trust has a M-score of -2.37 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:VERTIS has been successfully added to your 