Bellsystem24 Holdings Beneish M-Score Historical Data
The historical data trend for Bellsystem24 Holdings'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.
Bellsystem24 Holdings Beneish M-Score Chart
|
Bellsystem24 Holdings Annual Data
|
|
Trend |
Feb15 |
Feb16 |
Feb17 |
Feb18 |
Feb19 |
Feb20 |
Feb21 |
Feb22 |
Feb23 |
Feb24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.69 |
-2.60 |
-2.61 |
-2.70 |
-2.66 |
|
Bellsystem24 Holdings 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.71 |
-2.66 |
-2.72 |
-2.82 |
- |
Competitive Comparison of Bellsystem24 Holdings's Beneish M-Score
For the Specialty Business Services subindustry, Bellsystem24 Holdings'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.
Bellsystem24 Holdings's Beneish M-Score Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Bellsystem24 Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bellsystem24 Holdings's Beneish M-Score falls into.
Bellsystem24 Holdings 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 Bellsystem24 Holdings 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 * 1.0088 | + | 0.528 * 1.0735 | + | 0.404 * 1.0332 | + | 0.892 * 0.9329 | + | 0.115 * 0.828 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9966 | + | 4.679 * -0.06739 | - | 0.327 * 1.0114 |
| = | -2.82 |
* 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18,558 Mil.
Revenue was 35224 + 36816 + 35685 + 36353 = 円144,078 Mil.
Gross Profit was 6176 + 6557 + 6540 + 6480 = 円25,753 Mil.
Total Current Assets was 円29,564 Mil.
Total Assets was 円173,334 Mil.
Property, Plant and Equipment(Net PPE) was 円32,176 Mil.
Depreciation, Depletion and Amortization(DDA) was 円9,331 Mil.
Selling, General, & Admin. Expense(SGA) was 円16,096 Mil.
Total Current Liabilities was 円57,591 Mil.
Long-Term Debt & Capital Lease Obligation was 円24,740 Mil.
Net Income was 1337 + 1687 + 1553 + 1491 = 円6,068 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = 円0 Mil.
Cash Flow from Operations was 5498 + 7065 + 2406 + 2780 = 円17,749 Mil.
|
Total Receivables was 円19,720 Mil.
Revenue was 37309 + 39370 + 38498 + 39265 = 円154,442 Mil.
Gross Profit was 6624 + 7495 + 7444 + 8071 = 円29,634 Mil.
Total Current Assets was 円29,094 Mil.
Total Assets was 円179,021 Mil.
Property, Plant and Equipment(Net PPE) was 円38,375 Mil.
Depreciation, Depletion and Amortization(DDA) was 円8,777 Mil.
Selling, General, & Admin. Expense(SGA) was 円17,312 Mil.
Total Current Liabilities was 円49,303 Mil.
Long-Term Debt & Capital Lease Obligation was 円34,767 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) |
| = | (18558 / 144078) | / | (19720 / 154442) |
| = | 0.128805 | / | 0.127685 |
| | = | 1.0088 |
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) |
| = | (29634 / 154442) | / | (25753 / 144078) |
| = | 0.191878 | / | 0.178743 |
| | = | 1.0735 |
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 - (29564 + 32176) / 173334) | / | (1 - (29094 + 38375) / 179021) |
| = | 0.643809 | / | 0.623122 |
| | = | 1.0332 |
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 |
| = | 144078 | / | 154442 |
| | = | 0.9329 |
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)) |
| = | (8777 / (8777 + 38375)) | / | (9331 / (9331 + 32176)) |
| = | 0.186143 | / | 0.224805 |
| | = | 0.828 |
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) |
| = | (16096 / 144078) | / | (17312 / 154442) |
| = | 0.111717 | / | 0.112094 |
| | = | 0.9966 |
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) |
| = | ((24740 + 57591) / 173334) | / | ((34767 + 49303) / 179021) |
| = | 0.474985 | / | 0.46961 |
| | = | 1.0114 |
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 |
| = | (6068 - 0 | - | 17749) | / | 173334 |
| | = | -0.06739 |
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.
Bellsystem24 Holdings has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:6183 has been successfully added to your