Sumitomo Riko Co Beneish M-Score Historical Data
The historical data trend for Sumitomo Riko 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.
Sumitomo Riko Co Beneish M-Score Chart
|
Sumitomo Riko Co Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.11 |
-2.75 |
-2.59 |
-2.73 |
-2.97 |
|
Sumitomo Riko Co 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.96 |
-2.97 |
-2.92 |
-2.96 |
-2.87 |
Competitive Comparison of Sumitomo Riko Co's Beneish M-Score
For the Auto Parts subindustry, Sumitomo Riko 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.
Sumitomo Riko Co's Beneish M-Score Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Riko Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sumitomo Riko Co's Beneish M-Score falls into.
Sumitomo Riko 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 Sumitomo Riko 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 * 0.9435 | + | 0.528 * 0.9728 | + | 0.404 * 0.9337 | + | 0.892 * 1.0441 | + | 0.115 * 1.0182 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9641 | + | 4.679 * -0.080758 | - | 0.327 * 0.8855 |
| = | -2.87 |
* 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 円95,610 Mil.
Revenue was 162102 + 151554 + 157615 + 158328 = 円629,599 Mil.
Gross Profit was 30299 + 24082 + 24556 + 28256 = 円107,193 Mil.
Total Current Assets was 円249,136 Mil.
Total Assets was 円453,020 Mil.
Property, Plant and Equipment(Net PPE) was 円157,118 Mil.
Depreciation, Depletion and Amortization(DDA) was 円31,034 Mil.
Selling, General, & Admin. Expense(SGA) was 円63,220 Mil.
Total Current Liabilities was 円132,985 Mil.
Long-Term Debt & Capital Lease Obligation was 円55,743 Mil.
Net Income was 12158 + 4106 + 5924 + 5252 = 円27,440 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = 円0 Mil.
Cash Flow from Operations was 19295 + 11827 + 19031 + 13872 = 円64,025 Mil.
|
Total Receivables was 円97,063 Mil.
Revenue was 159243 + 152241 + 145637 + 145904 = 円603,025 Mil.
Gross Profit was 26704 + 23394 + 21371 + 28403 = 円99,872 Mil.
Total Current Assets was 円228,752 Mil.
Total Assets was 円428,889 Mil.
Property, Plant and Equipment(Net PPE) was 円152,717 Mil.
Depreciation, Depletion and Amortization(DDA) was 円30,825 Mil.
Selling, General, & Admin. Expense(SGA) was 円62,809 Mil.
Total Current Liabilities was 円130,189 Mil.
Long-Term Debt & Capital Lease Obligation was 円71,586 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) |
| = | (95610 / 629599) | / | (97063 / 603025) |
| = | 0.151859 | / | 0.16096 |
| | = | 0.9435 |
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) |
| = | (99872 / 603025) | / | (107193 / 629599) |
| = | 0.165618 | / | 0.170256 |
| | = | 0.9728 |
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 - (249136 + 157118) / 453020) | / | (1 - (228752 + 152717) / 428889) |
| = | 0.103232 | / | 0.110565 |
| | = | 0.9337 |
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 |
| = | 629599 | / | 603025 |
| | = | 1.0441 |
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)) |
| = | (30825 / (30825 + 152717)) | / | (31034 / (31034 + 157118)) |
| = | 0.167945 | / | 0.164941 |
| | = | 1.0182 |
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) |
| = | (63220 / 629599) | / | (62809 / 603025) |
| = | 0.100413 | / | 0.104157 |
| | = | 0.9641 |
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) |
| = | ((55743 + 132985) / 453020) | / | ((71586 + 130189) / 428889) |
| = | 0.4166 | / | 0.47046 |
| | = | 0.8855 |
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 |
| = | (27440 - 0 | - | 64025) | / | 453020 |
| | = | -0.080758 |
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.
Sumitomo Riko Co has a M-score of -2.87 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:5191 has been successfully added to your