Lumi Rental Co Beneish M-Score Historical Data
The historical data trend for Lumi Rental Co'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.
Lumi Rental Co Beneish M-Score Chart
|
Lumi Rental Co Annual Data
|
|
Trend |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
- |
- |
1.08 |
|
Lumi Rental Co Quarterly Data
|
|
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
- |
- |
- |
- |
1.08 |
Competitive Comparison of Lumi Rental Co's Beneish M-Score
For the Rental & Leasing Services subindustry, Lumi Rental Co'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.
Lumi Rental Co's Beneish M-Score Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Lumi Rental Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lumi Rental Co's Beneish M-Score falls into.
Lumi Rental Co 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 Lumi Rental Co 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 * 0.8317 | + | 0.528 * 1.2184 | + | 0.404 * 7.6408 | + | 0.892 * 1.4018 | + | 0.115 * 0.7564 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8459 | + | 4.679 * 0.115365 | - | 0.327 * 0.9344 |
| = | 1.08 |
* 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 ﷼266 Mil.
Revenue was 402.128 + 403.12 + 360.477 + 384.044 = ﷼1,550 Mil.
Gross Profit was 112.78 + 116.247 + 95.275 + 113.474 = ﷼438 Mil.
Total Current Assets was ﷼374 Mil.
Total Assets was ﷼3,374 Mil.
Property, Plant and Equipment(Net PPE) was ﷼2,985 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼385 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼62 Mil.
Total Current Liabilities was ﷼1,086 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1,054 Mil.
Net Income was 49.445 + 40.135 + 46.01 + 44.71 = ﷼180 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ﷼0 Mil.
Cash Flow from Operations was 81.093 + 195.56 + -210.069 + -275.564 = ﷼-209 Mil.
|
Total Receivables was ﷼228 Mil.
Revenue was 314.16 + 291.385 + 232.971 + 267.063 = ﷼1,106 Mil.
Gross Profit was 112.909 + 94.919 + 77.815 + 94.87 = ﷼381 Mil.
Total Current Assets was ﷼389 Mil.
Total Assets was ﷼3,246 Mil.
Property, Plant and Equipment(Net PPE) was ﷼2,856 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼270 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼52 Mil.
Total Current Liabilities was ﷼1,215 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼989 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) |
| = | (265.667 / 1549.769) | / | (227.881 / 1105.579) |
| = | 0.171424 | / | 0.206119 |
| | = | 0.8317 |
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) |
| = | (380.513 / 1105.579) | / | (437.776 / 1549.769) |
| = | 0.344175 | / | 0.282478 |
| | = | 1.2184 |
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 - (374.178 + 2985.22) / 3374.325) | / | (1 - (388.626 + 2855.897) / 3246.402) |
| = | 0.004424 | / | 0.000579 |
| | = | 7.6408 |
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 |
| = | 1549.769 | / | 1105.579 |
| | = | 1.4018 |
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)) |
| = | (269.886 / (269.886 + 2855.897)) | / | (384.641 / (384.641 + 2985.22)) |
| = | 0.086342 | / | 0.114142 |
| | = | 0.7564 |
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) |
| = | (62.012 / 1549.769) | / | (52.301 / 1105.579) |
| = | 0.040014 | / | 0.047306 |
| | = | 0.8459 |
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) |
| = | ((1053.99 + 1086.022) / 3374.325) | / | ((988.702 + 1214.689) / 3246.402) |
| = | 0.634204 | / | 0.678718 |
| | = | 0.9344 |
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 |
| = | (180.3 - 0 | - | -208.98) | / | 3374.325 |
| | = | 0.115365 |
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.
Lumi Rental Co has a M-score of 1.08 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SAU:4262 has been successfully added to your