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PSIG (PS International Group) Beneish M-Score : 0.00 (As of Mar. 19, 2025)


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What is PS International Group 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 PS International Group's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of PS International Group was 0.00. The lowest was 0.00. And the median was 0.00.


PS International Group Beneish M-Score Historical Data

The historical data trend for PS International Group'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.

PS International Group Beneish M-Score Chart

PS International Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Beneish M-Score
- - - -

PS International Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Beneish M-Score Get a 7-Day Free Trial - - - - -

Competitive Comparison of PS International Group's Beneish M-Score

For the Integrated Freight & Logistics subindustry, PS International Group'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.


PS International Group's Beneish M-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PS International Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PS International Group's Beneish M-Score falls into.



PS International Group 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 PS International Group 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was $21.3 Mil.
Revenue was $140.0 Mil.
Gross Profit was $12.8 Mil.
Total Current Assets was $35.0 Mil.
Total Assets was $35.3 Mil.
Property, Plant and Equipment(Net PPE) was $0.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.3 Mil.
Selling, General, & Admin. Expense(SGA) was $5.3 Mil.
Total Current Liabilities was $22.4 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Net Income was $4.6 Mil.
Gross Profit was $-0.1 Mil.
Cash Flow from Operations was $7.3 Mil.
Total Receivables was $15.0 Mil.
Revenue was $97.3 Mil.
Gross Profit was $8.3 Mil.
Total Current Assets was $25.7 Mil.
Total Assets was $26.2 Mil.
Property, Plant and Equipment(Net PPE) was $0.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.5 Mil.
Selling, General, & Admin. Expense(SGA) was $5.3 Mil.
Total Current Liabilities was $13.8 Mil.
Long-Term Debt & Capital Lease Obligation was $0.1 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)
=(21.25 / 140.02) / (14.989 / 97.306)
=0.151764 / 0.15404
=

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)
=(8.3 / 97.306) / (12.753 / 140.02)
=0.085298 / 0.09108
=

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 - (35.043 + 0.244) / 35.287) / (1 - (25.653 + 0.512) / 26.165)
=0 / 0
=

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
=140.02 / 97.306
=

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))
=(0.503 / (0.503 + 0.512)) / (0.27 / (0.27 + 0.244))
=0.495567 / 0.525292
=

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)
=(5.272 / 140.02) / (5.34 / 97.306)
=0.037652 / 0.054878
=

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)
=((0.017 + 22.358) / 35.287) / ((0.065 + 13.833) / 26.165)
=0.634086 / 0.531168
=

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
=(4.577 - -0.094 - 7.337) / 35.287
=-0.075552

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.


PS International Group Beneish M-Score Related Terms

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PS International Group Business Description

Traded in Other Exchanges
N/A
Address
No. 2-16 Kwai Fung Crescent, Kwai Chung, Unit 1002, 10th Floor, Join-in Hang Sing Centre, New Territories, Hong Kong, HKG
PS International Group Ltd is a freight forwarding service provider in Hong Kong with networks across the globe. It provides air and ocean export and import freight forwarding services with optional ancillary logistics-related services such as cargo pick up, cargo handling at ports, and local transportation and warehousing-related services such as repackaging, labeling, palletization, preparation of shipping documentation, arrangement of customs clearance and warehousing to meet the requirement of customers.