Kolon Enp Beneish M-Score Historical Data
The historical data trend for Kolon Enp'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.
Kolon Enp Beneish M-Score Chart
|
Kolon Enp Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.08 |
-2.47 |
-2.30 |
-2.39 |
-2.46 |
|
Kolon Enp 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.39 |
-2.31 |
-2.13 |
-2.42 |
-2.46 |
Competitive Comparison of Kolon Enp's Beneish M-Score
For the Specialty Chemicals subindustry, Kolon Enp'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.
Kolon Enp's Beneish M-Score Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kolon Enp's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kolon Enp's Beneish M-Score falls into.
Kolon Enp 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 Kolon Enp 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 * 1.0968 | + | 0.528 * 0.9118 | + | 0.404 * 0.8347 | + | 0.892 * 1.0658 | + | 0.115 * 1.1424 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1298 | + | 4.679 * -0.006315 | - | 0.327 * 0.949 |
| = | -2.46 |
* 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 ₩62,467 Mil.
Revenue was 119305.649 + 122831.093 + 121005.443 + 123068.179 = ₩486,210 Mil.
Gross Profit was 22248.251 + 24518.624 + 21474.707 + 24557.67 = ₩92,799 Mil.
Total Current Assets was ₩227,662 Mil.
Total Assets was ₩412,142 Mil.
Property, Plant and Equipment(Net PPE) was ₩105,521 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩12,991 Mil.
Selling, General, & Admin. Expense(SGA) was ₩28,723 Mil.
Total Current Liabilities was ₩78,731 Mil.
Long-Term Debt & Capital Lease Obligation was ₩1,601 Mil.
Net Income was 6942.019 + 13767.86 + 9138.068 + 9625.059 = ₩39,473 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 7515.869 + 14608.799 + 16230.878 + 3720.292 = ₩42,076 Mil.
|
Total Receivables was ₩53,439 Mil.
Revenue was 105755.778 + 112412.019 + 116256.512 + 121773.757 = ₩456,198 Mil.
Gross Profit was 17290.766 + 19387.478 + 20289.93 + 22420.704 = ₩79,389 Mil.
Total Current Assets was ₩177,845 Mil.
Total Assets was ₩362,980 Mil.
Property, Plant and Equipment(Net PPE) was ₩101,823 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩14,576 Mil.
Selling, General, & Admin. Expense(SGA) was ₩23,854 Mil.
Total Current Liabilities was ₩68,485 Mil.
Long-Term Debt & Capital Lease Obligation was ₩6,069 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) |
| = | (62466.73 / 486210.364) | / | (53439.018 / 456198.066) |
| = | 0.128477 | / | 0.11714 |
| | = | 1.0968 |
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) |
| = | (79388.878 / 456198.066) | / | (92799.252 / 486210.364) |
| = | 0.174023 | / | 0.190862 |
| | = | 0.9118 |
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 - (227662.014 + 105520.641) / 412141.5) | / | (1 - (177844.922 + 101822.776) / 362980.211) |
| = | 0.191582 | / | 0.229524 |
| | = | 0.8347 |
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 |
| = | 486210.364 | / | 456198.066 |
| | = | 1.0658 |
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)) |
| = | (14575.952 / (14575.952 + 101822.776)) | / | (12991.12 / (12991.12 + 105520.641)) |
| = | 0.125224 | / | 0.109619 |
| | = | 1.1424 |
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) |
| = | (28723.445 / 486210.364) | / | (23854.477 / 456198.066) |
| = | 0.059076 | / | 0.05229 |
| | = | 1.1298 |
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) |
| = | ((1600.802 + 78731.048) / 412141.5) | / | ((6068.932 + 68485.193) / 362980.211) |
| = | 0.194913 | / | 0.205394 |
| | = | 0.949 |
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 |
| = | (39473.006 - 0 | - | 42075.838) | / | 412141.5 |
| | = | -0.006315 |
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.
Kolon Enp has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:138490 has been successfully added to your