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Paratus Energy Services (OSL:PLSV) Beneish M-Score : 0.00 (As of Jun. 20, 2025)


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What is Paratus Energy Services 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 Paratus Energy Services's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Paratus Energy Services was 0.00. The lowest was 0.00. And the median was 0.00.


Paratus Energy Services Beneish M-Score Historical Data

The historical data trend for Paratus Energy Services'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.

* Premium members only.

Paratus Energy Services Beneish M-Score Chart

Paratus Energy Services Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
- - -

Paratus Energy Services Quarterly Data
Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Paratus Energy Services's Beneish M-Score

For the Oil & Gas Drilling subindustry, Paratus Energy Services'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.


Paratus Energy Services's Beneish M-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Paratus Energy Services's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Paratus Energy Services's Beneish M-Score falls into.


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Paratus Energy Services 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 Paratus Energy Services 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 kr2,286 Mil.
Revenue was 413.246 + 522.871 + 589.554 + 681.509 = kr2,207 Mil.
Gross Profit was 160.173 + 187.381 + 295.308 + 375.785 = kr1,019 Mil.
Total Current Assets was kr4,272 Mil.
Total Assets was kr10,807 Mil.
Property, Plant and Equipment(Net PPE) was kr2,743 Mil.
Depreciation, Depletion and Amortization(DDA) was kr532 Mil.
Selling, General, & Admin. Expense(SGA) was kr180 Mil.
Total Current Liabilities was kr563 Mil.
Long-Term Debt & Capital Lease Obligation was kr7,419 Mil.
Net Income was 34.17 + 28.051 + -157.214 + 361.985 = kr267 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 1201.297 + -274.9 + -478.017 + 592.339 = kr1,041 Mil.
Total Receivables was kr0 Mil.
Revenue was 505.136 + 491.602 + 500.843 + 494.475 = kr1,992 Mil.
Gross Profit was 205.875 + 269.01 + 165.16 + 209.45 = kr849 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr0 Mil.
Property, Plant and Equipment(Net PPE) was kr0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr133 Mil.
Selling, General, & Admin. Expense(SGA) was kr86 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 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)
=(2286.203 / 2207.18) / (0 / 1992.056)
=1.035803 / 0
=

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)
=(849.495 / 1992.056) / (1018.647 / 2207.18)
=0.426441 / 0.461515
=

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 - (4272.348 + 2743.23) / 10807.406) / (1 - (0 + 0) / 0)
=0.350855 /
=

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
=2207.18 / 1992.056
=

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))
=(132.651 / (132.651 + 0)) / (532.462 / (532.462 + 2743.23))
=1 / 0.162549
=

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)
=(179.576 / 2207.18) / (85.789 / 1992.056)
=0.08136 / 0.043066
=

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)
=((7419.213 + 562.741) / 10807.406) / ((0 + 0) / 0)
=0.738563 /
=

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
=(266.992 - 0 - 1040.719) / 10807.406
=-0.071592

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.


Paratus Energy Services Beneish M-Score Related Terms

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Paratus Energy Services Business Description

Traded in Other Exchanges
Address
14 Par-La-Ville Road, Par-La-Ville Place, Hamilton, BMU, HM 08
Paratus Energy Services Ltd is a holding company. Through its subsidiaries, It operates as a drilling contractor that owns and operates five jack-up drilling units located in Mexico. It owns five jack-up rigs: West Intrepid, West Defender, West Courageous, West Oberon, and West Titania. Its other subsidiaries have a business that owns and operates six multipurpose pipelaying service vessels (PLSV) and is an oilfield service company that specializes in drilling and well services.

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