PT Famon Awal Bros Sedaya Tbk Beneish M-Score Historical Data
The historical data trend for PT Famon Awal Bros Sedaya Tbk'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.
PT Famon Awal Bros Sedaya Tbk Beneish M-Score Chart
|
PT Famon Awal Bros Sedaya Tbk Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
- |
- |
- |
- |
-2.41 |
|
PT Famon Awal Bros Sedaya Tbk Quarterly Data
|
|
Dec19 |
Dec20 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
- |
- |
- |
- |
-2.41 |
Competitive Comparison of PT Famon Awal Bros Sedaya Tbk's Beneish M-Score
For the Medical Care Facilities subindustry, PT Famon Awal Bros Sedaya Tbk'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.
PT Famon Awal Bros Sedaya Tbk's Beneish M-Score Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, PT Famon Awal Bros Sedaya Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Famon Awal Bros Sedaya Tbk's Beneish M-Score falls into.
PT Famon Awal Bros Sedaya Tbk 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 PT Famon Awal Bros Sedaya Tbk 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 * 1.0976 | + | 0.528 * 0.8931 | + | 0.404 * 1.1376 | + | 0.892 * 1.2079 | + | 0.115 * 0.1233 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9464 | + | 4.679 * -0.010421 | - | 0.327 * 1.1831 |
| = | -2.41 |
* 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 Rp483,529 Mil.
Revenue was 482680 + 489501 + 432648 + 434404 = Rp1,839,233 Mil.
Gross Profit was 122569 + 156413 + 114657 + 125816 = Rp519,455 Mil.
Total Current Assets was Rp1,681,961 Mil.
Total Assets was Rp4,704,033 Mil.
Property, Plant and Equipment(Net PPE) was Rp2,538,643 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp3,464 Mil.
Selling, General, & Admin. Expense(SGA) was Rp79,835 Mil.
Total Current Liabilities was Rp469,656 Mil.
Long-Term Debt & Capital Lease Obligation was Rp1,181,794 Mil.
Net Income was 42793 + 60503 + 21509 + 92169 = Rp216,974 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 151986 + -22837 + 61738 + 75110 = Rp265,997 Mil.
|
Total Receivables was Rp364,704 Mil.
Revenue was 402680 + 390102 + 343870 + 385972 = Rp1,522,624 Mil.
Gross Profit was 105577 + 97628 + 76445 + 104398 = Rp384,048 Mil.
Total Current Assets was Rp1,637,418 Mil.
Total Assets was Rp3,959,240 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,964,156 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp331 Mil.
Selling, General, & Admin. Expense(SGA) was Rp69,837 Mil.
Total Current Liabilities was Rp358,944 Mil.
Long-Term Debt & Capital Lease Obligation was Rp815,888 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) |
| = | (483529 / 1839233) | / | (364704 / 1522624) |
| = | 0.262897 | / | 0.239523 |
| | = | 1.0976 |
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) |
| = | (384048 / 1522624) | / | (519455 / 1839233) |
| = | 0.252228 | / | 0.28243 |
| | = | 0.8931 |
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 - (1681961 + 2538643) / 4704033) | / | (1 - (1637418 + 1964156) / 3959240) |
| = | 0.102769 | / | 0.090337 |
| | = | 1.1376 |
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 |
| = | 1839233 | / | 1522624 |
| | = | 1.2079 |
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)) |
| = | (331 / (331 + 1964156)) | / | (3464 / (3464 + 2538643)) |
| = | 0.000168 | / | 0.001363 |
| | = | 0.1233 |
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) |
| = | (79835 / 1839233) | / | (69837 / 1522624) |
| = | 0.043407 | / | 0.045866 |
| | = | 0.9464 |
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) |
| = | ((1181794 + 469656) / 4704033) | / | ((815888 + 358944) / 3959240) |
| = | 0.351071 | / | 0.296732 |
| | = | 1.1831 |
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 |
| = | (216974 - 0 | - | 265997) | / | 4704033 |
| | = | -0.010421 |
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.
PT Famon Awal Bros Sedaya Tbk has a M-score of -2.41 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ISX:PRAY has been successfully added to your