Sigetronics Beneish M-Score Historical Data
The historical data trend for Sigetronics'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.
Sigetronics Beneish M-Score Chart
|
Sigetronics Annual Data
|
|
Trend |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
- |
- |
- |
-1.96 |
-1.81 |
|
Sigetronics Quarterly Data
|
|
Dec20 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
-1.96 |
-1.36 |
-1.73 |
-2.62 |
-1.81 |
Competitive Comparison of Sigetronics's Beneish M-Score
For the Semiconductors subindustry, Sigetronics'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.
Sigetronics's Beneish M-Score Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Sigetronics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sigetronics's Beneish M-Score falls into.
Sigetronics 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 Sigetronics 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 * 1.1875 | + | 0.528 * 0.7743 | + | 0.404 * 2.6209 | + | 0.892 * 0.9728 | + | 0.115 * 0.9231 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * -0.4419 | + | 4.679 * -0.045935 | - | 0.327 * 1.1049 |
| = | -1.81 |
* 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 ₩3,602 Mil.
Revenue was 2565.692 + 3386.54 + 3189.111 + 3031.321 = ₩12,173 Mil.
Gross Profit was -1208.001 + -443.802 + -414.269 + -178.967 = ₩-2,245 Mil.
Total Current Assets was ₩13,566 Mil.
Total Assets was ₩33,589 Mil.
Property, Plant and Equipment(Net PPE) was ₩19,617 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩2,508 Mil.
Selling, General, & Admin. Expense(SGA) was ₩-254 Mil.
Total Current Liabilities was ₩6,774 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,666 Mil.
Net Income was -1734.142 + -1646.774 + -1391.094 + -919.284 = ₩-5,691 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was -981.564 + -1347.083 + -542.681 + -1277.061 = ₩-4,148 Mil.
|
Total Receivables was ₩3,118 Mil.
Revenue was 2208.844 + 2852.487 + 3857.45 + 3594.864 = ₩12,514 Mil.
Gross Profit was -424.607 + -466.212 + -442.219 + -454.102 = ₩-1,787 Mil.
Total Current Assets was ₩22,684 Mil.
Total Assets was ₩39,560 Mil.
Property, Plant and Equipment(Net PPE) was ₩16,694 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,951 Mil.
Selling, General, & Admin. Expense(SGA) was ₩590 Mil.
Total Current Liabilities was ₩7,448 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,615 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) |
| = | (3602.004 / 12172.664) | / | (3118.228 / 12513.645) |
| = | 0.295909 | / | 0.249186 |
| | = | 1.1875 |
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) |
| = | (-1787.14 / 12513.645) | / | (-2245.039 / 12172.664) |
| = | -0.142815 | / | -0.184433 |
| | = | 0.7743 |
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 - (13565.832 + 19616.553) / 33589.167) | / | (1 - (22683.664 + 16693.743) / 39560.208) |
| = | 0.012111 | / | 0.004621 |
| | = | 2.6209 |
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 |
| = | 12172.664 | / | 12513.645 |
| | = | 0.9728 |
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)) |
| = | (1950.938 / (1950.938 + 16693.743)) | / | (2507.849 / (2507.849 + 19616.553)) |
| = | 0.104638 | / | 0.113352 |
| | = | 0.9231 |
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) |
| = | (-253.645 / 12172.664) | / | (590.024 / 12513.645) |
| = | -0.020837 | / | 0.04715 |
| | = | -0.4419 |
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) |
| = | ((2665.686 + 6774.02) / 33589.167) | / | ((2614.704 + 7447.925) / 39560.208) |
| = | 0.281034 | / | 0.254362 |
| | = | 1.1049 |
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 |
| = | (-5691.294 - 0 | - | -4148.389) | / | 33589.167 |
| | = | -0.045935 |
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.
Sigetronics has a M-score of -1.81 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:429270 has been successfully added to your