Komeda Holdings Co Beneish M-Score Historical Data
The historical data trend for Komeda Holdings 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.
Komeda Holdings Co Beneish M-Score Chart
|
Komeda Holdings Co Annual Data
|
|
Trend |
Feb16 |
Feb17 |
Feb18 |
Feb19 |
Feb20 |
Feb21 |
Feb22 |
Feb23 |
Feb24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-2.05 |
-3.00 |
-2.54 |
-2.61 |
-2.59 |
|
Komeda Holdings Co Quarterly Data
|
|
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
May24 |
Aug24 |
Nov24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.58 |
-2.59 |
-2.57 |
-2.31 |
- |
Competitive Comparison of Komeda Holdings Co's Beneish M-Score
For the Restaurants subindustry, Komeda Holdings 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.
Komeda Holdings Co's Beneish M-Score Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Komeda Holdings Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Komeda Holdings Co's Beneish M-Score falls into.
Komeda Holdings 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 Komeda Holdings 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 * 1.3254 | + | 0.528 * 1.0065 | + | 0.404 * 0.9826 | + | 0.892 * 1.0976 | + | 0.115 * 0.9784 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0341 | + | 4.679 * -0.044558 | - | 0.327 * 0.9938 |
| = | -2.31 |
* 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 (Aug24) TTM: | Last Year (Aug23) TTM: |
Total Receivables was 円7,637 Mil.
Revenue was 12008 + 11050 + 11116 + 10836 = 円45,010 Mil.
Gross Profit was 4164 + 3742 + 3666 + 3672 = 円15,244 Mil.
Total Current Assets was 円19,789 Mil.
Total Assets was 円103,931 Mil.
Property, Plant and Equipment(Net PPE) was 円12,954 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,557 Mil.
Selling, General, & Admin. Expense(SGA) was 円6,481 Mil.
Total Current Liabilities was 円14,032 Mil.
Long-Term Debt & Capital Lease Obligation was 円38,392 Mil.
Net Income was 1555 + 1437 + 1480 + 1574 = 円6,046 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = 円0 Mil.
Cash Flow from Operations was 3985 + 1068 + 3746 + 1878 = 円10,677 Mil.
|
Total Receivables was 円5,250 Mil.
Revenue was 10830 + 10454 + 10287 + 9438 = 円41,009 Mil.
Gross Profit was 3657 + 3610 + 3478 + 3234 = 円13,979 Mil.
Total Current Assets was 円16,211 Mil.
Total Assets was 円98,757 Mil.
Property, Plant and Equipment(Net PPE) was 円13,701 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,607 Mil.
Selling, General, & Admin. Expense(SGA) was 円5,710 Mil.
Total Current Liabilities was 円12,235 Mil.
Long-Term Debt & Capital Lease Obligation was 円37,890 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) |
| = | (7637 / 45010) | / | (5250 / 41009) |
| = | 0.169673 | / | 0.128021 |
| | = | 1.3254 |
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) |
| = | (13979 / 41009) | / | (15244 / 45010) |
| = | 0.340876 | / | 0.33868 |
| | = | 1.0065 |
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 - (19789 + 12954) / 103931) | / | (1 - (16211 + 13701) / 98757) |
| = | 0.684954 | / | 0.697115 |
| | = | 0.9826 |
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 |
| = | 45010 | / | 41009 |
| | = | 1.0976 |
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)) |
| = | (1607 / (1607 + 13701)) | / | (1557 / (1557 + 12954)) |
| = | 0.104978 | / | 0.107298 |
| | = | 0.9784 |
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) |
| = | (6481 / 45010) | / | (5710 / 41009) |
| = | 0.14399 | / | 0.139238 |
| | = | 1.0341 |
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) |
| = | ((38392 + 14032) / 103931) | / | ((37890 + 12235) / 98757) |
| = | 0.504412 | / | 0.507559 |
| | = | 0.9938 |
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 |
| = | (6046 - 0 | - | 10677) | / | 103931 |
| | = | -0.044558 |
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.
Komeda Holdings Co has a M-score of -2.31 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:3543 has been successfully added to your