BBMG Beneish M-Score Historical Data
The historical data trend for BBMG'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.
BBMG Beneish M-Score Chart
|
BBMG Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.68 |
-2.38 |
-2.52 |
-2.75 |
-2.44 |
|
BBMG Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.73 |
-2.51 |
-2.24 |
-2.44 |
-2.47 |
Competitive Comparison of BBMG's Beneish M-Score
For the Building Materials subindustry, BBMG'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.
BBMG's Beneish M-Score Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, BBMG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where BBMG's Beneish M-Score falls into.
BBMG 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 BBMG 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 * 0.9525 | + | 0.528 * 1.332 | + | 0.404 * 1.1021 | + | 0.892 * 0.8993 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0498 | + | 4.679 * -0.013092 | - | 0.327 * 1.0011 |
| = | -2.47 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was HK$18,984 Mil.
Revenue was 13941.174 + 37548.52 + 25164.754 + 28061.99 = HK$104,716 Mil.
Gross Profit was 550.529 + 3391.243 + 2510.423 + 3659.325 = HK$10,112 Mil.
Total Current Assets was HK$156,747 Mil.
Total Assets was HK$296,699 Mil.
Property, Plant and Equipment(Net PPE) was HK$51,412 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$5,489 Mil.
Total Current Liabilities was HK$118,479 Mil.
Long-Term Debt & Capital Lease Obligation was HK$69,377 Mil.
Net Income was -1421.517 + 16.022 + -428.488 + 811.267 = HK$-1,023 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = HK$0 Mil.
Cash Flow from Operations was -5344.006 + 0 + 5125.147 + 3080.559 = HK$2,862 Mil.
|
Total Receivables was HK$22,164 Mil.
Revenue was 26743.989 + 24804.816 + 27444.527 + 37450.404 = HK$116,444 Mil.
Gross Profit was 2467.605 + 2032.646 + 4601.666 + 5874.448 = HK$14,976 Mil.
Total Current Assets was HK$180,352 Mil.
Total Assets was HK$322,151 Mil.
Property, Plant and Equipment(Net PPE) was HK$54,569 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$5,815 Mil.
Total Current Liabilities was HK$141,358 Mil.
Long-Term Debt & Capital Lease Obligation was HK$62,391 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) |
| = | (18984.121 / 104716.438) | / | (22164.042 / 116443.736) |
| = | 0.181291 | / | 0.190341 |
| | = | 0.9525 |
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) |
| = | (14976.365 / 116443.736) | / | (10111.52 / 104716.438) |
| = | 0.128615 | / | 0.096561 |
| | = | 1.332 |
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 - (156746.532 + 51411.619) / 296699.026) | / | (1 - (180352.122 + 54569.38) / 322150.606) |
| = | 0.29842 | / | 0.270771 |
| | = | 1.1021 |
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 |
| = | 104716.438 | / | 116443.736 |
| | = | 0.8993 |
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 + 54569.38)) | / | (0 / (0 + 51411.619)) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | (5489.353 / 104716.438) | / | (5814.667 / 116443.736) |
| = | 0.052421 | / | 0.049935 |
| | = | 1.0498 |
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) |
| = | ((69377.145 + 118478.685) / 296699.026) | / | ((62390.641 + 141357.732) / 322150.606) |
| = | 0.633153 | / | 0.632463 |
| | = | 1.0011 |
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 |
| = | (-1022.716 - 0 | - | 2861.7) | / | 296699.026 |
| | = | -0.013092 |
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.
BBMG has a M-score of -2.47 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02009 has been successfully added to your