Fine M-Tec Co Beneish M-Score Historical Data
The historical data trend for Fine M-Tec 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.
Fine M-Tec Co Beneish M-Score Chart
|
Fine M-Tec Co Annual Data
|
|
Trend |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
- |
- |
-2.35 |
|
Fine M-Tec Co Quarterly Data
|
|
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
- |
- |
- |
-2.72 |
-2.35 |
Competitive Comparison of Fine M-Tec Co's Beneish M-Score
For the Building Products & Equipment subindustry, Fine M-Tec 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.
Fine M-Tec Co's Beneish M-Score Distribution in the Construction Industry
For the Construction industry and Industrials sector, Fine M-Tec Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fine M-Tec Co's Beneish M-Score falls into.
Fine M-Tec 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 Fine M-Tec 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 * 1.3163 | + | 0.528 * 1.4518 | + | 0.404 * 1.0772 | + | 0.892 * 1.0056 | + | 0.115 * 1.1754 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.8833 | + | 4.679 * -0.044877 | - | 0.327 * 1.2986 |
| = | -2.35 |
* 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 ₩34,105 Mil.
Revenue was 59013.439 + 98838.051 + 154769.044 + 69547.988 = ₩382,169 Mil.
Gross Profit was -1638.555 + 10188.329 + 14067.94 + 10281.3 = ₩32,899 Mil.
Total Current Assets was ₩87,643 Mil.
Total Assets was ₩333,284 Mil.
Property, Plant and Equipment(Net PPE) was ₩197,175 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩12,415 Mil.
Selling, General, & Admin. Expense(SGA) was ₩17,973 Mil.
Total Current Liabilities was ₩132,256 Mil.
Long-Term Debt & Capital Lease Obligation was ₩36,059 Mil.
Net Income was -5999.539 + -14633.795 + 1640.178 + 1787.51 = ₩-17,206 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was -11385.696 + 1312.062 + 14068.472 + -6243.596 = ₩-2,249 Mil.
|
Total Receivables was ₩25,765 Mil.
Revenue was 59138.919 + 160163.413 + 109634.053 + 51093.131 = ₩380,030 Mil.
Gross Profit was 5809.722 + 20763.303 + 13863.674 + 7057.893 = ₩47,495 Mil.
Total Current Assets was ₩82,215 Mil.
Total Assets was ₩289,497 Mil.
Property, Plant and Equipment(Net PPE) was ₩168,200 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩12,587 Mil.
Selling, General, & Admin. Expense(SGA) was ₩9,490 Mil.
Total Current Liabilities was ₩99,593 Mil.
Long-Term Debt & Capital Lease Obligation was ₩12,988 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) |
| = | (34104.853 / 382168.522) | / | (25764.857 / 380029.516) |
| = | 0.08924 | / | 0.067797 |
| | = | 1.3163 |
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) |
| = | (47494.592 / 380029.516) | / | (32899.014 / 382168.522) |
| = | 0.124976 | / | 0.086085 |
| | = | 1.4518 |
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 - (87642.731 + 197175.181) / 333283.538) | / | (1 - (82214.576 + 168199.509) / 289496.588) |
| = | 0.145419 | / | 0.135002 |
| | = | 1.0772 |
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 |
| = | 382168.522 | / | 380029.516 |
| | = | 1.0056 |
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)) |
| = | (12586.997 / (12586.997 + 168199.509)) | / | (12415.236 / (12415.236 + 197175.181)) |
| = | 0.069624 | / | 0.059236 |
| | = | 1.1754 |
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) |
| = | (17972.806 / 382168.522) | / | (9489.653 / 380029.516) |
| = | 0.047028 | / | 0.024971 |
| | = | 1.8833 |
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) |
| = | ((36059.263 + 132255.646) / 333283.538) | / | ((12987.822 + 99593.018) / 289496.588) |
| = | 0.50502 | / | 0.388885 |
| | = | 1.2986 |
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 |
| = | (-17205.646 - 0 | - | -2248.758) | / | 333283.538 |
| | = | -0.044877 |
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.
Fine M-Tec Co has a M-score of -2.35 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:441270 has been successfully added to your