Nowcos Co Beneish M-Score Historical Data
The historical data trend for Nowcos 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.
Nowcos Co Beneish M-Score Chart
|
Nowcos Co Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
- |
- |
-2.52 |
-2.86 |
-2.25 |
|
Nowcos Co Semi-Annual Data
|
|
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
- |
- |
-2.52 |
-2.86 |
-2.25 |
Competitive Comparison of Nowcos Co's Beneish M-Score
For the Household & Personal Products subindustry, Nowcos 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.
Nowcos Co's Beneish M-Score Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nowcos Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nowcos Co's Beneish M-Score falls into.
Nowcos 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 Nowcos 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 * 0.9287 | + | 0.528 * 0.8899 | + | 0.404 * 1.449 | + | 0.892 * 1.2454 | + | 0.115 * 0.9338 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7276 | + | 4.679 * -0.020632 | - | 0.327 * 0.956 |
| = | -2.25 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was ₩4,753 Mil.
Revenue was ₩52,740 Mil.
Gross Profit was ₩7,881 Mil.
Total Current Assets was ₩18,950 Mil.
Total Assets was ₩40,070 Mil.
Property, Plant and Equipment(Net PPE) was ₩19,128 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,729 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,595 Mil.
Total Current Liabilities was ₩17,980 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,192 Mil.
Net Income was ₩1,683 Mil.
Gross Profit was ₩0 Mil.
Cash Flow from Operations was ₩2,509 Mil.
|
Total Receivables was ₩4,109 Mil.
Revenue was ₩42,348 Mil.
Gross Profit was ₩5,632 Mil.
Total Current Assets was ₩19,204 Mil.
Total Assets was ₩39,391 Mil.
Property, Plant and Equipment(Net PPE) was ₩18,836 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,580 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,760 Mil.
Total Current Liabilities was ₩16,441 Mil.
Long-Term Debt & Capital Lease Obligation was ₩4,302 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) |
| = | (4752.78 / 52740.482) | / | (4109.352 / 42348.412) |
| = | 0.090116 | / | 0.097037 |
| | = | 0.9287 |
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) |
| = | (5631.849 / 42348.412) | / | (7881.366 / 52740.482) |
| = | 0.132988 | / | 0.149437 |
| | = | 0.8899 |
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 - (18950.448 + 19128.159) / 40069.648) | / | (1 - (19203.843 + 18835.936) / 39390.613) |
| = | 0.04969 | / | 0.034293 |
| | = | 1.449 |
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 |
| = | 52740.482 | / | 42348.412 |
| | = | 1.2454 |
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)) |
| = | (1580.3 / (1580.3 + 18835.936)) | / | (1728.853 / (1728.853 + 19128.159)) |
| = | 0.077404 | / | 0.082891 |
| | = | 0.9338 |
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) |
| = | (1595.082 / 52740.482) | / | (1760.359 / 42348.412) |
| = | 0.030244 | / | 0.041568 |
| | = | 0.7276 |
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) |
| = | ((2191.688 + 17980.331) / 40069.648) | / | ((4302.419 + 16441.365) / 39390.613) |
| = | 0.503424 | / | 0.526617 |
| | = | 0.956 |
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 |
| = | (1682.522 - 0 | - | 2509.253) | / | 40069.648 |
| | = | -0.020632 |
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.
Nowcos Co has a M-score of -2.25 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:257990 has been successfully added to your