Playtika Holding Beneish M-Score Historical Data
The historical data trend for Playtika Holding'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.
Playtika Holding Beneish M-Score Chart
|
Playtika Holding Annual Data
|
|
Trend |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
-2.68 |
-2.79 |
-2.60 |
|
Playtika Holding Quarterly Data
|
|
Dec17 |
Dec18 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.79 |
-2.48 |
-2.44 |
-2.34 |
-2.60 |
Competitive Comparison of Playtika Holding's Beneish M-Score
For the Electronic Gaming & Multimedia subindustry, Playtika Holding'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.
Playtika Holding's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Playtika Holding's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Playtika Holding's Beneish M-Score falls into.
Playtika Holding 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 Playtika Holding 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 * 1.2384 | + | 0.528 * 1.0033 | + | 0.404 * 0.9444 | + | 0.892 * 0.9815 | + | 0.115 * 0.9895 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9678 | + | 4.679 * -0.075685 | - | 0.327 * 0.8668 |
| = | -2.60 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $172 Mil.
Revenue was 637.9 + 630.1 + 642.8 + 656.2 = $2,567 Mil.
Gross Profit was 457.3 + 456.2 + 454.8 + 470.5 = $1,839 Mil.
Total Current Assets was $1,351 Mil.
Total Assets was $3,175 Mil.
Property, Plant and Equipment(Net PPE) was $220 Mil.
Depreciation, Depletion and Amortization(DDA) was $158 Mil.
Selling, General, & Admin. Expense(SGA) was $889 Mil.
Total Current Liabilities was $540 Mil.
Long-Term Debt & Capital Lease Obligation was $2,488 Mil.
Net Income was 37.3 + 37.9 + 75.7 + 84.1 = $235 Mil.
Non Operating Income was -5.5 + -39 + 2.4 + 1.8 = $-40 Mil.
Cash Flow from Operations was 179.3 + 108.8 + 207 + 20.5 = $516 Mil.
|
Total Receivables was $141 Mil.
Revenue was 631.2 + 647.8 + 659.6 + 676.9 = $2,616 Mil.
Gross Profit was 450.3 + 466 + 473.5 + 490 = $1,880 Mil.
Total Current Assets was $1,025 Mil.
Total Assets was $2,698 Mil.
Property, Plant and Equipment(Net PPE) was $230 Mil.
Depreciation, Depletion and Amortization(DDA) was $162 Mil.
Selling, General, & Admin. Expense(SGA) was $936 Mil.
Total Current Liabilities was $462 Mil.
Long-Term Debt & Capital Lease Obligation was $2,506 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) |
| = | (171.5 / 2567) | / | (141.1 / 2615.5) |
| = | 0.06681 | / | 0.053948 |
| | = | 1.2384 |
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) |
| = | (1879.8 / 2615.5) | / | (1838.8 / 2567) |
| = | 0.718715 | / | 0.716323 |
| | = | 1.0033 |
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 - (1351.1 + 220.2) / 3175) | / | (1 - (1024.9 + 229.9) / 2697.6) |
| = | 0.505102 | / | 0.534846 |
| | = | 0.9444 |
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 |
| = | 2567 | / | 2615.5 |
| | = | 0.9815 |
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)) |
| = | (162 / (162 + 229.9)) | / | (158 / (158 + 220.2)) |
| = | 0.413371 | / | 0.417768 |
| | = | 0.9895 |
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) |
| = | (889.2 / 2567) | / | (936.1 / 2615.5) |
| = | 0.346397 | / | 0.357905 |
| | = | 0.9678 |
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) |
| = | ((2487.8 + 539.6) / 3175) | / | ((2505.7 + 461.8) / 2697.6) |
| = | 0.953512 | / | 1.100052 |
| | = | 0.8668 |
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 |
| = | (235 - -40.3 | - | 515.6) | / | 3175 |
| | = | -0.075685 |
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.
Playtika Holding has a M-score of -2.60 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PLTK has been successfully added to your