Dabaco Group Beneish M-Score Historical Data
The historical data trend for Dabaco 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.
Dabaco Group Beneish M-Score Chart
|
Dabaco Group Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.75 |
-1.81 |
-2.21 |
-2.67 |
-2.16 |
|
Dabaco Group 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.67 |
-3.23 |
-2.50 |
-2.47 |
-2.16 |
Competitive Comparison of Dabaco Group's Beneish M-Score
For the Farm Products subindustry, Dabaco 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.
Dabaco Group's Beneish M-Score Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dabaco Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dabaco Group's Beneish M-Score falls into.
Dabaco 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 Dabaco 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 * 0.9962 | + | 0.528 * 0.7045 | + | 0.404 * 1.3202 | + | 0.892 * 1.2217 | + | 0.115 * 0.9244 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8932 | + | 4.679 * 0.017739 | - | 0.327 * 0.8103 |
| = | -2.16 |
* 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 ₫291,286 Mil.
Revenue was 3611234.148 + 3525028.181 + 3184669.219 + 3252591.683 = ₫13,573,523 Mil.
Gross Profit was 529239.08 + 623614.38 + 430514.088 + 348841.746 = ₫1,932,209 Mil.
Total Current Assets was ₫7,624,409 Mil.
Total Assets was ₫14,117,991 Mil.
Property, Plant and Equipment(Net PPE) was ₫6,083,414 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫639,208 Mil.
Selling, General, & Admin. Expense(SGA) was ₫860,819 Mil.
Total Current Liabilities was ₫6,417,142 Mil.
Long-Term Debt & Capital Lease Obligation was ₫764,297 Mil.
Net Income was 238857.423 + 312170.448 + 145435.237 + 72607.71 = ₫769,071 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 290484.332 + 808038.033 + -766944.025 + 187049.801 = ₫518,628 Mil.
|
Total Receivables was ₫239,321 Mil.
Revenue was 2613981.737 + 2709250.875 + 3473070.219 + 2313697.925 = ₫11,110,001 Mil.
Gross Profit was 241692.216 + 280812.962 + 662204.944 + -70468.899 = ₫1,114,241 Mil.
Total Current Assets was ₫7,101,241 Mil.
Total Assets was ₫13,011,704 Mil.
Property, Plant and Equipment(Net PPE) was ₫5,624,123 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫541,982 Mil.
Selling, General, & Admin. Expense(SGA) was ₫788,796 Mil.
Total Current Liabilities was ₫7,141,605 Mil.
Long-Term Debt & Capital Lease Obligation was ₫1,026,415 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) |
| = | (291285.693 / 13573523.231) | / | (239321.143 / 11110000.756) |
| = | 0.02146 | / | 0.021541 |
| | = | 0.9962 |
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) |
| = | (1114241.223 / 11110000.756) | / | (1932209.294 / 13573523.231) |
| = | 0.100292 | / | 0.142351 |
| | = | 0.7045 |
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 - (7624408.851 + 6083413.903) / 14117990.907) | / | (1 - (7101240.626 + 5624123.228) / 13011704.258) |
| = | 0.029053 | / | 0.022006 |
| | = | 1.3202 |
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 |
| = | 13573523.231 | / | 11110000.756 |
| | = | 1.2217 |
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)) |
| = | (541981.557 / (541981.557 + 5624123.228)) | / | (639207.744 / (639207.744 + 6083413.903)) |
| = | 0.087897 | / | 0.095083 |
| | = | 0.9244 |
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) |
| = | (860818.67 / 13573523.231) | / | (788796.068 / 11110000.756) |
| = | 0.063419 | / | 0.070999 |
| | = | 0.8932 |
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) |
| = | ((764296.861 + 6417142.117) / 14117990.907) | / | ((1026414.552 + 7141605.466) / 13011704.258) |
| = | 0.508673 | / | 0.627744 |
| | = | 0.8103 |
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 |
| = | (769070.818 - 0 | - | 518628.141) | / | 14117990.907 |
| | = | 0.017739 |
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.
Dabaco Group has a M-score of -2.16 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
STC:DBC has been successfully added to your