Bilia AB Beneish M-Score Historical Data
The historical data trend for Bilia AB'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.
Bilia AB Beneish M-Score Chart
|
Bilia AB Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.41 |
-3.16 |
-2.53 |
-1.66 |
-2.67 |
|
Bilia AB Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.33 |
-2.67 |
-2.89 |
-2.86 |
-2.82 |
Competitive Comparison of Bilia AB's Beneish M-Score
For the Auto & Truck Dealerships subindustry, Bilia AB'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.
Bilia AB's Beneish M-Score Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bilia AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bilia AB's Beneish M-Score falls into.
Bilia AB 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 Bilia AB 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 * 1.0509 | + | 0.528 * 0.9938 | + | 0.404 * 0.9184 | + | 0.892 * 1.0052 | + | 0.115 * 1.0254 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.08 | + | 4.679 * -0.069781 | - | 0.327 * 1.0641 |
| = | -2.82 |
* 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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was kr2,362 Mil.
Revenue was 8984 + 10568 + 9371 + 10108 = kr39,031 Mil.
Gross Profit was 1429 + 1703 + 1504 + 1648 = kr6,284 Mil.
Total Current Assets was kr7,573 Mil.
Total Assets was kr19,948 Mil.
Property, Plant and Equipment(Net PPE) was kr9,141 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1,458 Mil.
Selling, General, & Admin. Expense(SGA) was kr5,037 Mil.
Total Current Liabilities was kr6,392 Mil.
Long-Term Debt & Capital Lease Obligation was kr7,114 Mil.
Net Income was 105 + 206 + 156 + 249 = kr716 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 465 + 600 + 609 + 434 = kr2,108 Mil.
|
Total Receivables was kr2,236 Mil.
Revenue was 8708 + 9826 + 9871 + 10425 = kr38,830 Mil.
Gross Profit was 1366 + 1561 + 1565 + 1721 = kr6,213 Mil.
Total Current Assets was kr7,537 Mil.
Total Assets was kr19,380 Mil.
Property, Plant and Equipment(Net PPE) was kr8,422 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1,383 Mil.
Selling, General, & Admin. Expense(SGA) was kr4,640 Mil.
Total Current Liabilities was kr7,319 Mil.
Long-Term Debt & Capital Lease Obligation was kr5,012 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) |
| = | (2362 / 39031) | / | (2236 / 38830) |
| = | 0.060516 | / | 0.057584 |
| | = | 1.0509 |
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) |
| = | (6213 / 38830) | / | (6284 / 39031) |
| = | 0.160005 | / | 0.161 |
| | = | 0.9938 |
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 - (7573 + 9141) / 19948) | / | (1 - (7537 + 8422) / 19380) |
| = | 0.162122 | / | 0.176522 |
| | = | 0.9184 |
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 |
| = | 39031 | / | 38830 |
| | = | 1.0052 |
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)) |
| = | (1383 / (1383 + 8422)) | / | (1458 / (1458 + 9141)) |
| = | 0.14105 | / | 0.13756 |
| | = | 1.0254 |
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) |
| = | (5037 / 39031) | / | (4640 / 38830) |
| = | 0.129051 | / | 0.119495 |
| | = | 1.08 |
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) |
| = | ((7114 + 6392) / 19948) | / | ((5012 + 7319) / 19380) |
| = | 0.67706 | / | 0.636275 |
| | = | 1.0641 |
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 |
| = | (716 - 0 | - | 2108) | / | 19948 |
| | = | -0.069781 |
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.
Bilia AB has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OSTO:BILI A has been successfully added to your