GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Beau Vallon Hospitality Ltd (XMAU:SCT.I0000) » Definitions » Beneish M-Score

Beau Vallon Hospitality (XMAU:SCT.I0000) Beneish M-Score : -2.76 (As of Apr. 28, 2025)


View and export this data going back to . Start your Free Trial

What is Beau Vallon Hospitality Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Good Sign:

Beneish M-Score -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Beau Vallon Hospitality's Beneish M-Score or its related term are showing as below:

XMAU:SCT.I0000' s Beneish M-Score Range Over the Past 10 Years
Min: -2.76   Med: -0.5   Max: 1.76
Current: -2.76

During the past 5 years, the highest Beneish M-Score of Beau Vallon Hospitality was 1.76. The lowest was -2.76. And the median was -0.50.


Beau Vallon Hospitality Beneish M-Score Historical Data

The historical data trend for Beau Vallon Hospitality'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.

* Premium members only.

Beau Vallon Hospitality Beneish M-Score Chart

Beau Vallon Hospitality Annual Data
Trend Dec18 Dec19 Dec21 Dec22 Dec23
Beneish M-Score
- - 1.76 - -2.76

Beau Vallon Hospitality Quarterly Data
Dec18 Dec19 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -2.76 - - -

Competitive Comparison of Beau Vallon Hospitality's Beneish M-Score

For the Resorts & Casinos subindustry, Beau Vallon Hospitality'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.


Beau Vallon Hospitality's Beneish M-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Beau Vallon Hospitality's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Beau Vallon Hospitality's Beneish M-Score falls into.


;
;

Beau Vallon Hospitality 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 Beau Vallon Hospitality 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 * 0.8425+0.528 * 0.9579+0.404 * 0.6777+0.892 * 1.4152+0.115 * 0.965
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2726+4.679 * -0.068491-0.327 * 0.9536
=-2.76

* 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 MUR191 Mil.
Revenue was MUR1,108 Mil.
Gross Profit was MUR874 Mil.
Total Current Assets was MUR834 Mil.
Total Assets was MUR3,768 Mil.
Property, Plant and Equipment(Net PPE) was MUR2,808 Mil.
Depreciation, Depletion and Amortization(DDA) was MUR121 Mil.
Selling, General, & Admin. Expense(SGA) was MUR78 Mil.
Total Current Liabilities was MUR527 Mil.
Long-Term Debt & Capital Lease Obligation was MUR1,269 Mil.
Net Income was MUR187 Mil.
Gross Profit was MUR0 Mil.
Cash Flow from Operations was MUR445 Mil.
Total Receivables was MUR160 Mil.
Revenue was MUR783 Mil.
Gross Profit was MUR592 Mil.
Total Current Assets was MUR440 Mil.
Total Assets was MUR3,529 Mil.
Property, Plant and Equipment(Net PPE) was MUR2,915 Mil.
Depreciation, Depletion and Amortization(DDA) was MUR121 Mil.
Selling, General, & Admin. Expense(SGA) was MUR43 Mil.
Total Current Liabilities was MUR169 Mil.
Long-Term Debt & Capital Lease Obligation was MUR1,595 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)
=(190.991 / 1108.331) / (160.189 / 783.141)
=0.172323 / 0.204547
=0.8425

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)
=(591.59 / 783.141) / (874.079 / 1108.331)
=0.755407 / 0.788644
=0.9579

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 - (834.138 + 2807.759) / 3768.276) / (1 - (439.561 + 2915.181) / 3529.405)
=0.033538 / 0.049488
=0.6777

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
=1108.331 / 783.141
=1.4152

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))
=(121.336 / (121.336 + 2915.181)) / (121.282 / (121.282 + 2807.759))
=0.039959 / 0.041407
=0.965

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)
=(78.241 / 1108.331) / (43.443 / 783.141)
=0.070594 / 0.055473
=1.2726

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)
=((1268.993 + 526.711) / 3768.276) / ((1595.044 + 168.731) / 3529.405)
=0.476532 / 0.499737
=0.9536

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
=(187.018 - 0 - 445.11) / 3768.276
=-0.068491

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.

Beau Vallon Hospitality has a M-score of -2.76 suggests that the company is unlikely to be a manipulator.


Beau Vallon Hospitality Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Beau Vallon Hospitality's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Beau Vallon Hospitality Business Description

Traded in Other Exchanges
N/A
Address
Riche-en-Eau, St Hubert, Mauritius, MUS
Beau Vallon Hospitality Ltd is engaged in the operation of hotels and tourism businesses. It owns and operates Preskil Island Resort, Solana Beach, Astroea Beach located in Mauritius.

Beau Vallon Hospitality Headlines

No Headlines