Goldwind Science & Technology Co Beneish M-Score Historical Data
The historical data trend for Goldwind Science & Technology 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.
Goldwind Science & Technology Co Beneish M-Score Chart
|
Goldwind Science & Technology Co Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.38 |
-2.17 |
-2.48 |
-2.41 |
-2.52 |
|
Goldwind Science & Technology Co Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.27 |
-2.25 |
-2.50 |
-2.52 |
-2.59 |
Competitive Comparison of Goldwind Science & Technology Co's Beneish M-Score
For the Specialty Industrial Machinery subindustry, Goldwind Science & Technology 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.
Goldwind Science & Technology Co's Beneish M-Score Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Goldwind Science & Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Goldwind Science & Technology Co's Beneish M-Score falls into.
Goldwind Science & Technology 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 Goldwind Science & Technology 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 * 0.8874 | + | 0.528 * 0.992 | + | 0.404 * 0.9268 | + | 0.892 * 1.1371 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8817 | + | 4.679 * -0.020475 | - | 0.327 * 1.057 |
| = | -2.59 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was ¥29,950 Mil.
Revenue was 6979.134 + 21137.979 + 10318.397 + 13436.227 = ¥51,872 Mil.
Gross Profit was 1822.797 + 3494.28 + 1874.679 + 1876.636 = ¥9,068 Mil.
Total Current Assets was ¥63,160 Mil.
Total Assets was ¥142,032 Mil.
Property, Plant and Equipment(Net PPE) was ¥43,948 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥3,760 Mil.
Total Current Liabilities was ¥58,724 Mil.
Long-Term Debt & Capital Lease Obligation was ¥36,106 Mil.
Net Income was 332.624 + 70.234 + 9.435 + 16.598 = ¥429 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -6054.115 + 6576.218 + 3349.068 + -534.231 = ¥3,337 Mil.
|
Total Receivables was ¥29,681 Mil.
Revenue was 5564.586 + 20273.444 + 9500.053 + 10280.09 = ¥45,618 Mil.
Gross Profit was 1404.174 + 2264.971 + 1745.736 + 2496.558 = ¥7,911 Mil.
Total Current Assets was ¥56,997 Mil.
Total Assets was ¥129,784 Mil.
Property, Plant and Equipment(Net PPE) was ¥38,357 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥3,750 Mil.
Total Current Liabilities was ¥52,821 Mil.
Long-Term Debt & Capital Lease Obligation was ¥29,162 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) |
| = | (29949.836 / 51871.737) | / | (29680.657 / 45618.173) |
| = | 0.577383 | / | 0.650632 |
| | = | 0.8874 |
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) |
| = | (7911.439 / 45618.173) | / | (9068.392 / 51871.737) |
| = | 0.173427 | / | 0.174823 |
| | = | 0.992 |
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 - (63160.381 + 43948.151) / 142032.145) | / | (1 - (56997.018 + 38356.511) / 129784.32) |
| = | 0.245885 | / | 0.265292 |
| | = | 0.9268 |
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 |
| = | 51871.737 | / | 45618.173 |
| | = | 1.1371 |
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 / (0 + 38356.511)) | / | (0 / (0 + 43948.151)) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | (3760.093 / 51871.737) | / | (3750.453 / 45618.173) |
| = | 0.072488 | / | 0.082214 |
| | = | 0.8817 |
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) |
| = | ((36105.675 + 58724.413) / 142032.145) | / | ((29162.09 + 52821.178) / 129784.32) |
| = | 0.667666 | / | 0.631689 |
| | = | 1.057 |
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 |
| = | (428.891 - 0 | - | 3336.94) | / | 142032.145 |
| | = | -0.020475 |
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.
Goldwind Science & Technology Co has a M-score of -2.59 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:002202 has been successfully added to your