Viking Tech Beneish M-Score Historical Data
The historical data trend for Viking Tech'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.
Viking Tech Beneish M-Score Chart
|
Viking Tech Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.35 |
-2.41 |
-2.82 |
-2.91 |
-2.39 |
|
Viking Tech Quarterly Data
|
|
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.91 |
-2.60 |
-2.04 |
-2.73 |
-2.39 |
Competitive Comparison of Viking Tech's Beneish M-Score
For the Electronic Components subindustry, Viking Tech'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.
Viking Tech's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Viking Tech's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Viking Tech's Beneish M-Score falls into.
Viking Tech 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 Viking Tech 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 * 0.9644 | + | 0.528 * 1.0714 | + | 0.404 * 1.3932 | + | 0.892 * 1.0109 | + | 0.115 * 1.0319 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.042 | + | 4.679 * -0.021798 | - | 0.327 * 0.9429 |
| = | -2.39 |
* 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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Total Receivables was NT$508 Mil.
Revenue was 586.896 + 694.189 + 707.951 + 592.104 = NT$2,581 Mil.
Gross Profit was 134.419 + 175.883 + 208.198 + 149.451 = NT$668 Mil.
Total Current Assets was NT$2,637 Mil.
Total Assets was NT$3,953 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,248 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$221 Mil.
Selling, General, & Admin. Expense(SGA) was NT$349 Mil.
Total Current Liabilities was NT$493 Mil.
Long-Term Debt & Capital Lease Obligation was NT$44 Mil.
Net Income was 47.209 + 49.896 + 89.062 + 55.953 = NT$242 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was -65.838 + 437.087 + 126.581 + -169.536 = NT$328 Mil.
|
Total Receivables was NT$521 Mil.
Revenue was 583.744 + 638.456 + 658.103 + 672.94 = NT$2,553 Mil.
Gross Profit was 143.559 + 164.393 + 198.145 + 201.84 = NT$708 Mil.
Total Current Assets was NT$2,497 Mil.
Total Assets was NT$3,850 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,305 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$240 Mil.
Selling, General, & Admin. Expense(SGA) was NT$331 Mil.
Total Current Liabilities was NT$484 Mil.
Long-Term Debt & Capital Lease Obligation was NT$71 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) |
| = | (507.882 / 2581.14) | / | (520.914 / 2553.243) |
| = | 0.196767 | / | 0.204021 |
| | = | 0.9644 |
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) |
| = | (707.937 / 2553.243) | / | (667.951 / 2581.14) |
| = | 0.27727 | / | 0.258781 |
| | = | 1.0714 |
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 - (2637.24 + 1247.84) / 3953.387) | / | (1 - (2497.36 + 1305.273) / 3850.385) |
| = | 0.017278 | / | 0.012402 |
| | = | 1.3932 |
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 |
| = | 2581.14 | / | 2553.243 |
| | = | 1.0109 |
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)) |
| = | (239.965 / (239.965 + 1305.273)) | / | (221.062 / (221.062 + 1247.84)) |
| = | 0.155293 | / | 0.150495 |
| | = | 1.0319 |
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) |
| = | (349.056 / 2581.14) | / | (331.365 / 2553.243) |
| = | 0.135233 | / | 0.129782 |
| | = | 1.042 |
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) |
| = | ((44.041 + 493.086) / 3953.387) | / | ((70.511 + 484.325) / 3850.385) |
| = | 0.135865 | / | 0.144099 |
| | = | 0.9429 |
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 |
| = | (242.12 - 0 | - | 328.294) | / | 3953.387 |
| | = | -0.021798 |
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.
Viking Tech has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ROCO:3624 has been successfully added to your