Dongil Technology Beneish M-Score Historical Data
The historical data trend for Dongil Technology'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.
Dongil Technology Beneish M-Score Chart
|
Dongil Technology Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.76 |
-1.88 |
-2.71 |
-2.84 |
-2.57 |
|
Dongil Technology 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.84 |
-2.71 |
-2.54 |
-3.03 |
-2.57 |
Competitive Comparison of Dongil Technology's Beneish M-Score
For the Electrical Equipment & Parts subindustry, Dongil Technology'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.
Dongil Technology's Beneish M-Score Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Dongil Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dongil Technology's Beneish M-Score falls into.
Dongil Technology 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 Dongil Technology 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 * 1.2321 | + | 0.528 * 0.9778 | + | 0.404 * 1.0568 | + | 0.892 * 0.9554 | + | 0.115 * 0.9745 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1325 | + | 4.679 * -0.053555 | - | 0.327 * 1.0053 |
| = | -2.57 |
* 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 ₩4,308 Mil.
Revenue was 6146.172 + 5211.741 + 6366.844 + 6385.597 = ₩24,110 Mil.
Gross Profit was 2301.264 + 1982.984 + 2439.643 + 2680.273 = ₩9,404 Mil.
Total Current Assets was ₩56,878 Mil.
Total Assets was ₩69,371 Mil.
Property, Plant and Equipment(Net PPE) was ₩4,992 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩943 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,589 Mil.
Total Current Liabilities was ₩2,551 Mil.
Long-Term Debt & Capital Lease Obligation was ₩640 Mil.
Net Income was -683.577 + -1144.408 + 1437.006 + 1167.232 = ₩776 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 533.962 + 958.414 + 1135.21 + 1863.858 = ₩4,491 Mil.
|
Total Receivables was ₩3,660 Mil.
Revenue was 6140.854 + 6338.688 + 6149.208 + 6606.107 = ₩25,235 Mil.
Gross Profit was 2131.406 + 2636.693 + 2356.177 + 2500.405 = ₩9,625 Mil.
Total Current Assets was ₩56,055 Mil.
Total Assets was ₩67,980 Mil.
Property, Plant and Equipment(Net PPE) was ₩4,969 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩911 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,469 Mil.
Total Current Liabilities was ₩2,504 Mil.
Long-Term Debt & Capital Lease Obligation was ₩606 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) |
| = | (4308.232 / 24110.354) | / | (3659.831 / 25234.857) |
| = | 0.178688 | / | 0.145031 |
| | = | 1.2321 |
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) |
| = | (9624.681 / 25234.857) | / | (9404.164 / 24110.354) |
| = | 0.381404 | / | 0.390047 |
| | = | 0.9778 |
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 - (56877.974 + 4992.451) / 69371.194) | / | (1 - (56055.254 + 4969.131) / 67979.697) |
| = | 0.108125 | / | 0.102315 |
| | = | 1.0568 |
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 |
| = | 24110.354 | / | 25234.857 |
| | = | 0.9554 |
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)) |
| = | (910.605 / (910.605 + 4969.131)) | / | (943.324 / (943.324 + 4992.451)) |
| = | 0.154872 | / | 0.158922 |
| | = | 0.9745 |
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) |
| = | (1589.085 / 24110.354) | / | (1468.612 / 25234.857) |
| = | 0.065909 | / | 0.058198 |
| | = | 1.1325 |
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) |
| = | ((639.936 + 2551.128) / 69371.194) | / | ((606.451 + 2504.053) / 67979.697) |
| = | 0.046 | / | 0.045756 |
| | = | 1.0053 |
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 |
| = | (776.253 - 0 | - | 4491.444) | / | 69371.194 |
| | = | -0.053555 |
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.
Dongil Technology has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:032960 has been successfully added to your