House Of Control Group AS (OSL:HOC) Beneish M-Score : 0.00 (As of Jun. 03, 2024)

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What is House Of Control Group AS 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.

The historical rank and industry rank for House Of Control Group AS's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of House Of Control Group AS was 0.00. The lowest was 0.00. And the median was 0.00.

House Of Control Group AS Beneish M-Score Historical Data

The historical data trend for House Of Control Group AS'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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House Of Control Group AS Beneish M-Score Chart

House Of Control Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

-3.08

-2.77

-1.95

House Of Control Group AS Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial									-	-1.95	-	-	-

Competitive Comparison of House Of Control Group AS's Beneish M-Score

For the Software - Application subindustry, House Of Control Group AS'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.

House Of Control Group AS's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, House Of Control Group AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where House Of Control Group AS's Beneish M-Score falls into.

House Of Control Group AS 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 House Of Control Group AS 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 * 1.922

0.528 * 1.0133

0.404 * 1.9964

0.892 * 1.4196

0.115 * 1.0393

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.8159

4.679 * -0.178753

0.327 * 1.4114

-1.95

This Year (Dec21) TTM:

Last Year (Dec20) TTM:

Total Receivables was kr23.4 Mil.
Revenue was kr177.2 Mil.
Gross Profit was kr173.1 Mil.
Total Current Assets was kr206.3 Mil.
Total Assets was kr503.9 Mil.
Property, Plant and Equipment(Net PPE) was kr23.6 Mil.
Depreciation, Depletion and Amortization(DDA) was kr50.1 Mil.
Selling, General, & Admin. Expense(SGA) was kr26.3 Mil.
Total Current Liabilities was kr152.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr111.7 Mil.
Net Income was kr-120.8 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr-30.8 Mil.

Total Receivables was kr8.6 Mil.
Revenue was kr124.8 Mil.
Gross Profit was kr123.5 Mil.
Total Current Assets was kr384.1 Mil.
Total Assets was kr543.2 Mil.
Property, Plant and Equipment(Net PPE) was kr11.1 Mil.
Depreciation, Depletion and Amortization(DDA) was kr26.8 Mil.
Selling, General, & Admin. Expense(SGA) was kr10.2 Mil.
Total Current Liabilities was kr106.8 Mil.
Long-Term Debt & Capital Lease Obligation was kr95.4 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)
	=	(23.441 / 177.162)	/	(8.591 / 124.795)
	=	0.132314	/	0.068841
	=	1.922

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)
	=	(123.541 / 124.795)	/	(173.086 / 177.162)
	=	0.989952	/	0.976993
	=	1.0133

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 - (206.284 + 23.557) / 503.864)	/	(1 - (384.143 + 11.115) / 543.246)
	=	0.543843	/	0.272414
	=	1.9964

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
	=	177.162	/	124.795
	=	1.4196

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))
	=	(26.811 / (26.811 + 11.115))	/	(50.105 / (50.105 + 23.557))
	=	0.706929	/	0.680201
	=	1.0393

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)
	=	(26.317 / 177.162)	/	(10.209 / 124.795)
	=	0.148548	/	0.081806
	=	1.8159

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)
	=	((111.694 + 152.88) / 503.864)	/	((95.35 + 106.761) / 543.246)
	=	0.52509	/	0.372043
	=	1.4114

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
	=	(-120.835 - 0	-	-30.768)	/	503.864
	=	-0.178753

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.

House Of Control Group AS has a M-score of -1.95 suggests that the company is unlikely to be a manipulator.

House Of Control Group AS Beneish M-Score Related Terms

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House Of Control Group AS (OSL:HOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » House Of Control Group AS (OSL:HOC) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

O.H. Bangs vei 70, Hovik, NOR, 1363

Website

https://www.houseofcontrol.com

House Of Control Group AS provides software solutions. The company develops and sells software as a service (SaaS) solutions. The solutions include Complete Control, which is used for managing contracts and assets, including the contracts' financial implications for accounting, budgeting and reporting. Also, the company provides SaaS applications for the users of IFS, an Enterprise Resource Planning system. The solutions are mainly focused on purchasing processes, supplier and B2B customer communications, and travel, time and expense management.

House Of Control Group AS (OSL:HOC) Headlines

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