Dentalcorp Holdings Beneish M-Score Historical Data
The historical data trend for Dentalcorp 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.
Dentalcorp Holdings Beneish M-Score Chart
|
Dentalcorp Holdings Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
0.00 |
-2.38 |
-2.37 |
-2.84 |
-2.65 |
|
Dentalcorp Holdings Quarterly Data
|
|
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
Jun25 |
Sep25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.70 |
-2.65 |
-2.76 |
-2.79 |
-2.81 |
TSX:DNTL vs HCA, THC, UHS: Beneish M-Score Comparison
For the Medical Care Facilities subindustry, Dentalcorp 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.
Dentalcorp Holdings Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Dentalcorp Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dentalcorp Holdings's Beneish M-Score falls into.
Dentalcorp 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 Dentalcorp 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 * 0.8832 | + | 0.528 * 0.9895 | + | 0.404 * 0.9943 | + | 0.892 * 1.1009 | + | 0.115 * 1.1556 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0089 | + | 4.679 * -0.067229 | - | 0.327 * 1.0062 |
| = | -2.81 |
* 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 (Sep25) TTM: | Last Year (Sep24) TTM: |
Total Receivables was C$84 Mil.
Revenue was 420.1 + 435.2 + 409.4 + 397.5 = C$1,662 Mil.
Gross Profit was 211.1 + 218 + 205 + 199.7 = C$834 Mil.
Total Current Assets was C$194 Mil.
Total Assets was C$3,472 Mil.
Property, Plant and Equipment(Net PPE) was C$511 Mil.
Depreciation, Depletion and Amortization(DDA) was C$191 Mil.
Selling, General, & Admin. Expense(SGA) was C$558 Mil.
Total Current Liabilities was C$226 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,365 Mil.
Net Income was -4.9 + 0.9 + -10.2 + -13.1 = C$-27 Mil.
Non Operating Income was -3.5 + -2.5 + -9.7 + -13.1 = C$-29 Mil.
Cash Flow from Operations was 65.4 + 72.9 + 52.1 + 44.5 = C$235 Mil.
|
Total Receivables was C$87 Mil.
Revenue was 375.4 + 399.8 + 372.4 + 362.2 = C$1,510 Mil.
Gross Profit was 186.5 + 200.1 + 186.4 + 176.4 = C$749 Mil.
Total Current Assets was C$213 Mil.
Total Assets was C$3,315 Mil.
Property, Plant and Equipment(Net PPE) was C$445 Mil.
Depreciation, Depletion and Amortization(DDA) was C$204 Mil.
Selling, General, & Admin. Expense(SGA) was C$502 Mil.
Total Current Liabilities was C$179 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,331 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) |
| = | (84.4 / 1662.2) | / | (86.8 / 1509.8) |
| = | 0.050776 | / | 0.057491 |
| | = | 0.8832 |
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) |
| = | (749.4 / 1509.8) | / | (833.8 / 1662.2) |
| = | 0.496357 | / | 0.501624 |
| | = | 0.9895 |
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 - (194.1 + 510.9) / 3471.7) | / | (1 - (213 + 444.9) / 3314.7) |
| = | 0.796929 | / | 0.80152 |
| | = | 0.9943 |
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 |
| = | 1662.2 | / | 1509.8 |
| | = | 1.1009 |
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)) |
| = | (204.3 / (204.3 + 444.9)) | / | (191.2 / (191.2 + 510.9)) |
| = | 0.314695 | / | 0.272326 |
| | = | 1.1556 |
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) |
| = | (557.5 / 1662.2) | / | (501.9 / 1509.8) |
| = | 0.335399 | / | 0.332428 |
| | = | 1.0089 |
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) |
| = | ((1365.1 + 225.6) / 3471.7) | / | ((1330.7 + 178.7) / 3314.7) |
| = | 0.458191 | / | 0.455365 |
| | = | 1.0062 |
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 |
| = | (-27.3 - -28.8 | - | 234.9) | / | 3471.7 |
| | = | -0.067229 |
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.
Dentalcorp Holdings has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:DNTL has been successfully added to your 