Yujin Technology Co Beneish M-Score Historical Data
The historical data trend for Yujin Technology Co'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.
Yujin Technology Co Beneish M-Score Chart
|
Yujin Technology Co Annual Data
|
|
Trend |
Dec20 |
Dec21 |
Dec22 |
| Beneish M-Score |
|
- |
- |
- |
|
Yujin Technology Co Quarterly Data
|
|
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
-1.64 |
-1.48 |
-2.14 |
-3.06 |
-2.90 |
Competitive Comparison of Yujin Technology Co's Beneish M-Score
For the Specialty Industrial Machinery subindustry, Yujin Technology Co'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.
Yujin Technology Co's Beneish M-Score Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Yujin Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yujin Technology Co's Beneish M-Score falls into.
Yujin Technology Co 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 Yujin Technology Co 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 * 0.9045 | + | 0.528 * 1.2879 | + | 0.404 * 1.3219 | + | 0.892 * 0.9272 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0379 | + | 4.679 * -0.149095 | - | 0.327 * 0.5147 |
| = | -2.90 |
* 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 ₩11,319 Mil.
Revenue was 11365.932 + 12156.783 + 12108.943 + 9901.111 = ₩45,533 Mil.
Gross Profit was 2809.293 + 3745.71 + 3159.976 + 2518.782 = ₩12,234 Mil.
Total Current Assets was ₩41,160 Mil.
Total Assets was ₩70,957 Mil.
Property, Plant and Equipment(Net PPE) was ₩24,613 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩0 Mil.
Selling, General, & Admin. Expense(SGA) was ₩2,102 Mil.
Total Current Liabilities was ₩18,245 Mil.
Long-Term Debt & Capital Lease Obligation was ₩3,684 Mil.
Net Income was 894.342 + -7092.373 + 1231.852 + 371.993 = ₩-4,594 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 1372.028 + 1155.591 + 5489.421 + -2031.864 = ₩5,985 Mil.
|
Total Receivables was ₩13,496 Mil.
Revenue was 13330.786 + 15892.38 + 10369.208 + 9514.74 = ₩49,107 Mil.
Gross Profit was 6114.943 + 5251.545 + 2237.458 + 3388.151 = ₩16,992 Mil.
Total Current Assets was ₩28,787 Mil.
Total Assets was ₩56,203 Mil.
Property, Plant and Equipment(Net PPE) was ₩24,310 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,875 Mil.
Selling, General, & Admin. Expense(SGA) was ₩2,184 Mil.
Total Current Liabilities was ₩28,127 Mil.
Long-Term Debt & Capital Lease Obligation was ₩5,620 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) |
| = | (11319.145 / 45532.769) | / | (13496.397 / 49107.114) |
| = | 0.248593 | / | 0.274836 |
| | = | 0.9045 |
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) |
| = | (16992.097 / 49107.114) | / | (12233.761 / 45532.769) |
| = | 0.346021 | / | 0.26868 |
| | = | 1.2879 |
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 - (41160.411 + 24613.029) / 70957.073) | / | (1 - (28786.865 + 24310.036) / 56202.932) |
| = | 0.073053 | / | 0.055265 |
| | = | 1.3219 |
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 |
| = | 45532.769 | / | 49107.114 |
| | = | 0.9272 |
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)) |
| = | (1874.64 / (1874.64 + 24310.036)) | / | (0 / (0 + 24613.029)) |
| = | 0.071593 | / | 0 |
| | = | 1 |
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) |
| = | (2101.973 / 45532.769) | / | (2184.218 / 49107.114) |
| = | 0.046164 | / | 0.044479 |
| | = | 1.0379 |
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) |
| = | ((3683.67 + 18244.555) / 70957.073) | / | ((5620.152 + 28127.387) / 56202.932) |
| = | 0.309035 | / | 0.600459 |
| | = | 0.5147 |
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 |
| = | (-4594.186 - 0 | - | 5985.176) | / | 70957.073 |
| | = | -0.149095 |
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.
Yujin Technology Co has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:240600 has been successfully added to your