CTC Bio Beneish M-Score Historical Data
The historical data trend for CTC Bio'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.
CTC Bio Beneish M-Score Chart
|
CTC Bio Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.73 |
-2.98 |
-2.92 |
-3.07 |
-3.31 |
|
CTC Bio Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.41 |
-3.22 |
-3.26 |
-3.31 |
-3.14 |
Competitive Comparison of CTC Bio's Beneish M-Score
For the Biotechnology subindustry, CTC Bio'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.
CTC Bio's Beneish M-Score Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, CTC Bio's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CTC Bio's Beneish M-Score falls into.
CTC Bio 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 CTC Bio 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 * 0.9775 | + | 0.528 * 0.9297 | + | 0.404 * 0.9555 | + | 0.892 * 0.9042 | + | 0.115 * 1.0386 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.2639 | + | 4.679 * -0.092682 | - | 0.327 * 1.0743 |
| = | -3.14 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was ₩24,453 Mil.
Revenue was 33192.978 + 35146.963 + 31188.779 + 36296.031 = ₩135,825 Mil.
Gross Profit was 12393.026 + 10466.715 + 9530.573 + 12843.522 = ₩45,234 Mil.
Total Current Assets was ₩80,506 Mil.
Total Assets was ₩162,581 Mil.
Property, Plant and Equipment(Net PPE) was ₩61,864 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩5,514 Mil.
Selling, General, & Admin. Expense(SGA) was ₩30,228 Mil.
Total Current Liabilities was ₩70,946 Mil.
Long-Term Debt & Capital Lease Obligation was ₩3,719 Mil.
Net Income was -284.013 + -11071.451 + -2543.324 + -261.804 = ₩-14,161 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was -2596.036 + 240.455 + -319.844 + 3583.082 = ₩908 Mil.
|
Total Receivables was ₩27,666 Mil.
Revenue was 35246.263 + 35483.11 + 38536.865 + 40942.135 = ₩150,208 Mil.
Gross Profit was 10225.669 + 10541.782 + 11786.941 + 13952.827 = ₩46,507 Mil.
Total Current Assets was ₩85,499 Mil.
Total Assets was ₩183,329 Mil.
Property, Plant and Equipment(Net PPE) was ₩73,979 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩6,871 Mil.
Selling, General, & Admin. Expense(SGA) was ₩26,450 Mil.
Total Current Liabilities was ₩71,785 Mil.
Long-Term Debt & Capital Lease Obligation was ₩6,583 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) |
| = | (24453.166 / 135824.751) | / | (27665.884 / 150208.373) |
| = | 0.180035 | / | 0.184183 |
| | = | 0.9775 |
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) |
| = | (46507.219 / 150208.373) | / | (45233.836 / 135824.751) |
| = | 0.309618 | / | 0.333031 |
| | = | 0.9297 |
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 - (80506.153 + 61864.118) / 162580.973) | / | (1 - (85499.385 + 73978.861) / 183329.272) |
| = | 0.124312 | / | 0.130099 |
| | = | 0.9555 |
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 |
| = | 135824.751 | / | 150208.373 |
| | = | 0.9042 |
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)) |
| = | (6871.466 / (6871.466 + 73978.861)) | / | (5513.737 / (5513.737 + 61864.118)) |
| = | 0.08499 | / | 0.081833 |
| | = | 1.0386 |
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) |
| = | (30227.558 / 135824.751) | / | (26449.596 / 150208.373) |
| = | 0.222548 | / | 0.176086 |
| | = | 1.2639 |
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) |
| = | ((3719.282 + 70946.058) / 162580.973) | / | ((6582.925 + 71785.386) / 183329.272) |
| = | 0.45925 | / | 0.427473 |
| | = | 1.0743 |
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 |
| = | (-14160.592 - 0 | - | 907.657) | / | 162580.973 |
| | = | -0.092682 |
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.
CTC Bio has a M-score of -3.14 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:060590 has been successfully added to your