Ezconn Beneish M-Score Historical Data
The historical data trend for Ezconn'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.
Ezconn Beneish M-Score Chart
|
Ezconn Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.36 |
-2.42 |
-2.76 |
-2.78 |
-2.00 |
|
Ezconn 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.78 |
-3.16 |
-1.82 |
-2.61 |
-2.00 |
Competitive Comparison of Ezconn's Beneish M-Score
For the Electronic Components subindustry, Ezconn'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.
Ezconn's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Ezconn's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ezconn's Beneish M-Score falls into.
Ezconn 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 Ezconn 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 * 0.8957 | + | 0.528 * 0.6391 | + | 0.404 * 0.579 | + | 0.892 * 2.4492 | + | 0.115 * 2.2784 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.5046 | + | 4.679 * -0.072888 | - | 0.327 * 1.237 |
| = | -2.00 |
* 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 NT$1,016 Mil.
Revenue was 2500.991 + 1641.26 + 1441.848 + 826.319 = NT$6,410 Mil.
Gross Profit was 1353.807 + 1038.909 + 766.439 + 406.034 = NT$3,565 Mil.
Total Current Assets was NT$5,047 Mil.
Total Assets was NT$7,031 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,319 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$82 Mil.
Selling, General, & Admin. Expense(SGA) was NT$2,230 Mil.
Total Current Liabilities was NT$2,180 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,058 Mil.
Net Income was 432.057 + 259.156 + 247.463 + 118.925 = NT$1,058 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 876.544 + 755.68 + -34.661 + -27.474 = NT$1,570 Mil.
|
Total Receivables was NT$463 Mil.
Revenue was 620.029 + 666.543 + 698.592 + 632.221 = NT$2,617 Mil.
Gross Profit was 288.46 + 224.464 + 250.312 + 167.151 = NT$930 Mil.
Total Current Assets was NT$2,209 Mil.
Total Assets was NT$3,348 Mil.
Property, Plant and Equipment(Net PPE) was NT$591 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$91 Mil.
Selling, General, & Admin. Expense(SGA) was NT$605 Mil.
Total Current Liabilities was NT$1,034 Mil.
Long-Term Debt & Capital Lease Obligation was NT$212 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) |
| = | (1016.416 / 6410.418) | / | (463.31 / 2617.385) |
| = | 0.158557 | / | 0.177013 |
| | = | 0.8957 |
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) |
| = | (930.387 / 2617.385) | / | (3565.189 / 6410.418) |
| = | 0.355464 | / | 0.556155 |
| | = | 0.6391 |
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 - (5046.558 + 1318.946) / 7031.209) | / | (1 - (2209.238 + 591.129) / 3347.817) |
| = | 0.094679 | / | 0.163524 |
| | = | 0.579 |
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 |
| = | 6410.418 | / | 2617.385 |
| | = | 2.4492 |
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)) |
| = | (90.549 / (90.549 + 591.129)) | / | (81.657 / (81.657 + 1318.946)) |
| = | 0.132833 | / | 0.058301 |
| | = | 2.2784 |
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) |
| = | (2230.219 / 6410.418) | / | (605.216 / 2617.385) |
| = | 0.347905 | / | 0.231229 |
| | = | 1.5046 |
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) |
| = | ((1057.654 + 2180.4) / 7031.209) | / | ((212.113 + 1034.271) / 3347.817) |
| = | 0.460526 | / | 0.372298 |
| | = | 1.237 |
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 |
| = | (1057.601 - 0 | - | 1570.089) | / | 7031.209 |
| | = | -0.072888 |
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.
Ezconn has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:6442 has been successfully added to your