Femtobiomed Beneish M-Score Historical Data
The historical data trend for Femtobiomed'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.
Femtobiomed Beneish M-Score Chart
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Femtobiomed Annual Data
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Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
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|
- |
-3.04 |
-11.22 |
-1.89 |
26.47 |
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Femtobiomed Semi-Annual Data
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Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
- |
-3.04 |
-11.22 |
-1.89 |
26.47 |
Competitive Comparison of Femtobiomed's Beneish M-Score
For the Biotechnology subindustry, Femtobiomed'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.
Femtobiomed's Beneish M-Score Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Femtobiomed's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Femtobiomed's Beneish M-Score falls into.
Femtobiomed 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 Femtobiomed 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 * 31.8985 | + | 0.528 * 0.5499 | + | 0.404 * 0.8153 | + | 0.892 * 1.8212 | + | 0.115 * 0.8304 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.4655 | + | 4.679 * 0.030657 | - | 0.327 * 1.3344 |
| = | 26.47 |
* 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 ₩367.6 Mil.
Revenue was ₩334.0 Mil.
Gross Profit was ₩208.5 Mil.
Total Current Assets was ₩2,094.0 Mil.
Total Assets was ₩3,287.2 Mil.
Property, Plant and Equipment(Net PPE) was ₩909.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩642.7 Mil.
Selling, General, & Admin. Expense(SGA) was ₩626.8 Mil.
Total Current Liabilities was ₩11,987.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₩121.6 Mil.
Net Income was ₩-2,248.5 Mil.
Gross Profit was ₩0.0 Mil.
Cash Flow from Operations was ₩-2,349.3 Mil.
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Total Receivables was ₩6.3 Mil.
Revenue was ₩183.4 Mil.
Gross Profit was ₩63.0 Mil.
Total Current Assets was ₩2,352.4 Mil.
Total Assets was ₩4,071.4 Mil.
Property, Plant and Equipment(Net PPE) was ₩1,287.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩674.9 Mil.
Selling, General, & Admin. Expense(SGA) was ₩739.4 Mil.
Total Current Liabilities was ₩11,105.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₩134.5 Mil.
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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) |
| = | (367.612 / 333.954) | / | (6.328 / 183.372) |
| = | 1.100786 | / | 0.034509 |
| | = | 31.8985 |
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) |
| = | (62.962 / 183.372) | / | (208.505 / 333.954) |
| = | 0.343357 | / | 0.624352 |
| | = | 0.5499 |
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 - (2093.986 + 909.168) / 3287.193) | / | (1 - (2352.354 + 1287.536) / 4071.404) |
| = | 0.086408 | / | 0.105987 |
| | = | 0.8153 |
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 |
| = | 333.954 | / | 183.372 |
| | = | 1.8212 |
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)) |
| = | (674.896 / (674.896 + 1287.536)) | / | (642.746 / (642.746 + 909.168)) |
| = | 0.343908 | / | 0.414163 |
| | = | 0.8304 |
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) |
| = | (626.791 / 333.954) | / | (739.405 / 183.372) |
| = | 1.876878 | / | 4.032268 |
| | = | 0.4655 |
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) |
| = | ((121.626 + 11987.741) / 3287.193) | / | ((134.494 + 11105.096) / 4071.404) |
| = | 3.683802 | / | 2.760618 |
| | = | 1.3344 |
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 |
| = | (-2248.524 - 0 | - | -2349.298) | / | 3287.193 |
| | = | 0.030657 |
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.
Femtobiomed has a M-score of 26.47 signals that the company is likely to be a manipulator.
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