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Betlan Dos (XSGO:BETLAN DOS) Beneish M-Score : 0.00 (As of Jul. 01, 2025)


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What is Betlan Dos 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.

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

During the past 13 years, the highest Beneish M-Score of Betlan Dos was 40.09. The lowest was -8.26. And the median was -1.66.


Betlan Dos Beneish M-Score Historical Data

The historical data trend for Betlan Dos'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.

Betlan Dos Beneish M-Score Chart

Betlan Dos Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.26 -2.90 40.09 - -

Betlan Dos Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Betlan Dos's Beneish M-Score

For the Asset Management subindustry, Betlan Dos'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.


Betlan Dos's Beneish M-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Betlan Dos's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Betlan Dos's Beneish M-Score falls into.


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Betlan Dos 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 Betlan Dos 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 CLP42,260.18 Mil.
Revenue was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Total Current Assets was CLP42,317.18 Mil.
Total Assets was CLP42,317.18 Mil.
Property, Plant and Equipment(Net PPE) was CLP0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0.00 Mil.
Selling, General, & Admin. Expense(SGA) was CLP252.35 Mil.
Total Current Liabilities was CLP0.00 Mil.
Long-Term Debt & Capital Lease Obligation was CLP0.00 Mil.
Net Income was 0 + 144.656 + -4062.004 + 231.239 = CLP-3,686.11 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Cash Flow from Operations was -522.414 + 397.025 + -10.854 + -124.964 = CLP-261.21 Mil.
Total Receivables was CLP41,329.49 Mil.
Revenue was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Total Current Assets was CLP45,611.16 Mil.
Total Assets was CLP45,611.16 Mil.
Property, Plant and Equipment(Net PPE) was CLP0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0.00 Mil.
Selling, General, & Admin. Expense(SGA) was CLP275.28 Mil.
Total Current Liabilities was CLP10.85 Mil.
Long-Term Debt & Capital Lease Obligation was CLP0.00 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)
=(42260.181 / 0) / (41329.49 / 0)
= /
=

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)
=(0 / 0) / (0 / 0)
= /
=

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 - (42317.181 + 0) / 42317.181) / (1 - (45611.161 + 0) / 45611.161)
=0 / 0
=

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
=0 / 0
=

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))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(252.346 / 0) / (275.275 / 0)
= /
=

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)
=((0 + 0) / 42317.181) / ((0 + 10.852) / 45611.161)
=0 / 0.000238
=

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
=(-3686.109 - 0 - -261.207) / 42317.181
=-0.080934

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.


Betlan Dos Beneish M-Score Related Terms

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Betlan Dos Business Description

Traded in Other Exchanges
N/A
Address
Isidora Goyenechea 2800, 50th Floor, Las Condes, Santiago, CHL
Betlan Dos SA is an asset management company. The company is engaged investing in the stock market and finance sector, mainly with equity investments in LAN Airlines.

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