8990 Holdings Beneish M-Score Historical Data
The historical data trend for 8990 Holdings'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.
8990 Holdings Beneish M-Score Chart
|
8990 Holdings Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.95 |
-1.87 |
-1.67 |
-1.93 |
-2.26 |
|
8990 Holdings Quarterly Data
|
|
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
Jun25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.04 |
-2.32 |
-2.26 |
-2.76 |
-2.19 |
8990 Holdings Beneish M-Score Competitor Comparison
For the Real Estate - Development subindustry, 8990 Holdings'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.
8990 Holdings Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, 8990 Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where 8990 Holdings's Beneish M-Score falls into.
8990 Holdings 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 8990 Holdings 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 * 1.1088 | + | 0.528 * 0.8742 | + | 0.404 * 0.4881 | + | 0.892 * 0.8374 | + | 0.115 * 0.9944 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * -0.8898 | + | 4.679 * 0.058693 | - | 0.327 * 0.9729 |
| = | -2.19 |
* 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 (Jun25) TTM: | Last Year (Jun24) TTM: |
Total Receivables was ₱11,545 Mil.
Revenue was 5003.031 + 5137.774 + 3359.3 + 5541.34 = ₱19,041 Mil.
Gross Profit was 2203.533 + 2233.421 + 1209.735 + 2964.523 = ₱8,611 Mil.
Total Current Assets was ₱95,782 Mil.
Total Assets was ₱116,503 Mil.
Property, Plant and Equipment(Net PPE) was ₱970 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱140 Mil.
Selling, General, & Admin. Expense(SGA) was ₱-166 Mil.
Total Current Liabilities was ₱30,372 Mil.
Long-Term Debt & Capital Lease Obligation was ₱25,335 Mil.
Net Income was 1535.922 + 1544.836 + 717.771 + 1648.656 = ₱5,447 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0 Mil.
Cash Flow from Operations was 802.782 + 3280.89 + -5015.707 + -458.643 = ₱-1,391 Mil.
|
Total Receivables was ₱12,433 Mil.
Revenue was 4938.866 + 5199.885 + 5542.571 + 7056.467 = ₱22,738 Mil.
Gross Profit was 1647.291 + 2287.624 + 1189.454 + 3864.976 = ₱8,989 Mil.
Total Current Assets was ₱72,676 Mil.
Total Assets was ₱112,523 Mil.
Property, Plant and Equipment(Net PPE) was ₱763 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱109 Mil.
Selling, General, & Admin. Expense(SGA) was ₱223 Mil.
Total Current Liabilities was ₱25,804 Mil.
Long-Term Debt & Capital Lease Obligation was ₱29,498 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) |
| = | (11544.861 / 19041.445) | / | (12433.433 / 22737.789) |
| = | 0.606302 | / | 0.546818 |
| | = | 1.1088 |
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) |
| = | (8989.345 / 22737.789) | / | (8611.212 / 19041.445) |
| = | 0.395348 | / | 0.452235 |
| | = | 0.8742 |
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 - (95782.195 + 970.024) / 116502.703) | / | (1 - (72675.698 + 763.123) / 112523.483) |
| = | 0.169528 | / | 0.347347 |
| | = | 0.4881 |
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 |
| = | 19041.445 | / | 22737.789 |
| | = | 0.8374 |
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)) |
| = | (109.245 / (109.245 + 763.123)) | / | (139.763 / (139.763 + 970.024)) |
| = | 0.125228 | / | 0.125937 |
| | = | 0.9944 |
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) |
| = | (-165.873 / 19041.445) | / | (222.597 / 22737.789) |
| = | -0.008711 | / | 0.00979 |
| | = | -0.8898 |
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) |
| = | ((25335.483 + 30371.801) / 116502.703) | / | ((29498.291 + 25803.65) / 112523.483) |
| = | 0.478163 | / | 0.49147 |
| | = | 0.9729 |
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 |
| = | (5447.185 - 0 | - | -1390.678) | / | 116502.703 |
| | = | 0.058693 |
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.
8990 Holdings has a M-score of -2.19 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:HOUSE has been successfully added to your 
