Telefonica Chile Beneish M-Score Historical Data
The historical data trend for Telefonica Chile'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.
Telefonica Chile Beneish M-Score Chart
|
Telefonica Chile Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.88 |
-3.04 |
-1.71 |
-2.22 |
-2.78 |
|
Telefonica Chile Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.22 |
-2.03 |
-2.12 |
-2.45 |
-2.78 |
Competitive Comparison of Telefonica Chile's Beneish M-Score
For the Telecom Services subindustry, Telefonica Chile'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.
Telefonica Chile's Beneish M-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telefonica Chile's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Telefonica Chile's Beneish M-Score falls into.
Telefonica Chile 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 Telefonica Chile 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 * 0.865 | + | 0.528 * 1 | + | 0.404 * 1.2771 | + | 0.892 * 1.0571 | + | 0.115 * 0.685 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0863 | + | 4.679 * -0.054367 | - | 0.327 * 1.1063 |
| = | -2.78 |
* 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 CLP288,605 Mil.
Revenue was 267794.143 + 226530.016 + 231701.631 + 237168.473 = CLP963,194 Mil.
Gross Profit was 267794.143 + 226530.016 + 231701.631 + 237168.473 = CLP963,194 Mil.
Total Current Assets was CLP623,620 Mil.
Total Assets was CLP1,915,485 Mil.
Property, Plant and Equipment(Net PPE) was CLP702,692 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP164,500 Mil.
Selling, General, & Admin. Expense(SGA) was CLP292,898 Mil.
Total Current Liabilities was CLP553,926 Mil.
Long-Term Debt & Capital Lease Obligation was CLP67,608 Mil.
Net Income was 32200.7 + -19082.505 + -11080.719 + -9603.322 = CLP-7,566 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was 212870.008 + 20235.489 + -33279.493 + -103252.707 = CLP96,573 Mil.
|
Total Receivables was CLP315,612 Mil.
Revenue was 246562.904 + 233539.128 + 213079.727 + 217964.441 = CLP911,146 Mil.
Gross Profit was 246562.904 + 233539.128 + 213079.727 + 217964.441 = CLP911,146 Mil.
Total Current Assets was CLP655,797 Mil.
Total Assets was CLP1,845,391 Mil.
Property, Plant and Equipment(Net PPE) was CLP745,128 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP111,290 Mil.
Selling, General, & Admin. Expense(SGA) was CLP255,049 Mil.
Total Current Liabilities was CLP518,266 Mil.
Long-Term Debt & Capital Lease Obligation was CLP22,983 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) |
| = | (288605.335 / 963194.263) | / | (315611.64 / 911146.2) |
| = | 0.299634 | / | 0.34639 |
| | = | 0.865 |
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) |
| = | (911146.2 / 911146.2) | / | (963194.263 / 963194.263) |
| = | 1 | / | 1 |
| | = | 1 |
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 - (623620.353 + 702691.56) / 1915484.672) | / | (1 - (655796.608 + 745127.688) / 1845391.477) |
| = | 0.307584 | / | 0.240853 |
| | = | 1.2771 |
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 |
| = | 963194.263 | / | 911146.2 |
| | = | 1.0571 |
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)) |
| = | (111289.751 / (111289.751 + 745127.688)) | / | (164500.154 / (164500.154 + 702691.56)) |
| = | 0.129948 | / | 0.189693 |
| | = | 0.685 |
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) |
| = | (292897.876 / 963194.263) | / | (255048.933 / 911146.2) |
| = | 0.30409 | / | 0.279921 |
| | = | 1.0863 |
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) |
| = | ((67607.706 + 553925.933) / 1915484.672) | / | ((22982.512 + 518266.327) / 1845391.477) |
| = | 0.324479 | / | 0.293298 |
| | = | 1.1063 |
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 |
| = | (-7565.846 - 0 | - | 96573.297) | / | 1915484.672 |
| | = | -0.054367 |
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.
Telefonica Chile has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XSGO:CTC has been successfully added to your