Bibica Beneish M-Score Historical Data
The historical data trend for Bibica'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.
Bibica Beneish M-Score Chart
|
Bibica Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
0.34 |
-4.47 |
-1.10 |
0.62 |
-3.38 |
|
Bibica Quarterly Data
|
|
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
Jun25 |
Sep25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.06 |
-3.38 |
-3.15 |
-3.59 |
-2.74 |
STC:BBC vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, Bibica'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.
Bibica Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bibica's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bibica's Beneish M-Score falls into.
Bibica 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 Bibica 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 * 0.9191 | + | 0.528 * 1.0214 | + | 0.404 * 0.4798 | + | 0.892 * 1.0571 | + | 0.115 * 1.8277 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9966 | + | 4.679 * -0.029949 | - | 0.327 * 0.9862 |
| = | -2.74 |
* 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 (Sep25) TTM: | Last Year (Sep24) TTM: |
Total Receivables was ₫409,979 Mil.
Revenue was 505794.545 + 275671.167 + 346495.541 + 681835.861 = ₫1,809,797 Mil.
Gross Profit was 179350.038 + 80047.808 + 105933.051 + 255378.826 = ₫620,710 Mil.
Total Current Assets was ₫1,324,023 Mil.
Total Assets was ₫2,186,996 Mil.
Property, Plant and Equipment(Net PPE) was ₫649,941 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫41,276 Mil.
Selling, General, & Admin. Expense(SGA) was ₫465,406 Mil.
Total Current Liabilities was ₫610,746 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Net Income was 44797.879 + 8897.994 + 18340.68 + 56257.707 = ₫128,294 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 49518.311 + -2440.112 + -70121.666 + 216835.49 = ₫193,792 Mil.
|
Total Receivables was ₫421,990 Mil.
Revenue was 479515.599 + 259741.099 + 359619.37 + 613190.088 = ₫1,712,066 Mil.
Gross Profit was 183266.845 + 73582.406 + 109426.945 + 233501.451 = ₫599,778 Mil.
Total Current Assets was ₫1,032,127 Mil.
Total Assets was ₫2,067,293 Mil.
Property, Plant and Equipment(Net PPE) was ₫615,477 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫75,402 Mil.
Selling, General, & Admin. Expense(SGA) was ₫441,774 Mil.
Total Current Liabilities was ₫585,427 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 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) |
| = | (409978.852 / 1809797.114) | / | (421989.526 / 1712066.156) |
| = | 0.226533 | / | 0.24648 |
| | = | 0.9191 |
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) |
| = | (599777.647 / 1712066.156) | / | (620709.723 / 1809797.114) |
| = | 0.350324 | / | 0.342972 |
| | = | 1.0214 |
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 - (1324023.124 + 649940.595) / 2186996.195) | / | (1 - (1032126.758 + 615476.922) / 2067293.18) |
| = | 0.097409 | / | 0.203014 |
| | = | 0.4798 |
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 |
| = | 1809797.114 | / | 1712066.156 |
| | = | 1.0571 |
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)) |
| = | (75401.778 / (75401.778 + 615476.922)) | / | (41275.545 / (41275.545 + 649940.595)) |
| = | 0.109139 | / | 0.059714 |
| | = | 1.8277 |
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) |
| = | (465405.584 / 1809797.114) | / | (441773.749 / 1712066.156) |
| = | 0.257159 | / | 0.258035 |
| | = | 0.9966 |
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 + 610746.351) / 2186996.195) | / | ((0 + 585427.06) / 2067293.18) |
| = | 0.279263 | / | 0.283185 |
| | = | 0.9862 |
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 |
| = | (128294.26 - 0 | - | 193792.023) | / | 2186996.195 |
| | = | -0.029949 |
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.
Bibica has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STC:BBC has been successfully added to your 