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SNTG (Sentage Holdings) Beneish M-Score : 1.89 (As of Mar. 16, 2025)


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What is Sentage Holdings 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.

Warning Sign:

Beneish M-Score 1.89 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Sentage Holdings's Beneish M-Score or its related term are showing as below:

SNTG' s Beneish M-Score Range Over the Past 10 Years
Min: 0.8   Med: 1.67   Max: 17.16
Current: 1.89

During the past 6 years, the highest Beneish M-Score of Sentage Holdings was 17.16. The lowest was 0.80. And the median was 1.67.


Sentage Holdings Beneish M-Score Historical Data

The historical data trend for Sentage 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.

* Premium members only.

Sentage Holdings Beneish M-Score Chart

Sentage Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial - 0.80 1.45 17.16 1.89

Sentage Holdings Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 17.16 - 1.89 -

Competitive Comparison of Sentage Holdings's Beneish M-Score

For the Credit Services subindustry, Sentage 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.


Sentage Holdings's Beneish M-Score Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sentage Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sentage Holdings's Beneish M-Score falls into.



Sentage 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 Sentage 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 * 0.9815+0.528 * 0.9812+0.404 * 11.8965+0.892 * 0.913+0.115 * 0.4804
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7657+4.679 * 0.004958-0.327 * 0.7942
=1.89

* 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 $9.38 Mil.
Revenue was $0.15 Mil.
Gross Profit was $0.13 Mil.
Total Current Assets was $11.69 Mil.
Total Assets was $12.91 Mil.
Property, Plant and Equipment(Net PPE) was $0.14 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $1.90 Mil.
Total Current Liabilities was $0.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-1.90 Mil.
Gross Profit was $-0.14 Mil.
Cash Flow from Operations was $-1.83 Mil.
Total Receivables was $10.46 Mil.
Revenue was $0.16 Mil.
Gross Profit was $0.14 Mil.
Total Current Assets was $14.34 Mil.
Total Assets was $14.66 Mil.
Property, Plant and Equipment(Net PPE) was $0.22 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.06 Mil.
Selling, General, & Admin. Expense(SGA) was $2.72 Mil.
Total Current Liabilities was $0.41 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 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)
=(9.377 / 0.147) / (10.464 / 0.161)
=63.789116 / 64.993789
=0.9815

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)
=(0.144 / 0.161) / (0.134 / 0.147)
=0.89441 / 0.911565
=0.9812

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 - (11.693 + 0.137) / 12.909) / (1 - (14.341 + 0.215) / 14.659)
=0.083585 / 0.007026
=11.8965

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
=0.147 / 0.161
=0.913

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))
=(0.057 / (0.057 + 0.215)) / (0.106 / (0.106 + 0.137))
=0.209559 / 0.436214
=0.4804

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)
=(1.898 / 0.147) / (2.715 / 0.161)
=12.911565 / 16.863354
=0.7657

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 + 0.335) / 12.909) / ((0.074 + 0.405) / 14.659)
=0.025951 / 0.032676
=0.7942

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
=(-1.903 - -0.14 - -1.827) / 12.909
=0.004958

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.

Sentage Holdings has a M-score of 1.89 signals that the company is likely to be a manipulator.


Sentage Holdings Beneish M-Score Related Terms

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Sentage Holdings Business Description

Traded in Other Exchanges
N/A
Address
233 Taicang Road, HuangPu, 501, Platinum Tower, Shanghai, CHN, 200001
Sentage Holdings Inc is a financial service provider that offers a comprehensive range of financial services across consumer loan repayment and collection management, loan recommendation, and prepaid payment network services in China.

Sentage Holdings Headlines