Konami Group Beneish M-Score Historical Data
The historical data trend for Konami Group'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.
Konami Group Beneish M-Score Chart
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Konami Group Annual Data
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Mar15 |
Mar16 |
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Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
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-2.89 |
-2.90 |
-3.00 |
-2.08 |
-2.78 |
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Konami Group Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
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Dec20 |
Mar21 |
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Mar23 |
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Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
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-2.08 |
-2.26 |
-2.44 |
-2.37 |
-2.78 |
Competitive Comparison of Konami Group's Beneish M-Score
For the Electronic Gaming & Multimedia subindustry, Konami Group'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.
Konami Group's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Konami Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Konami Group's Beneish M-Score falls into.
Konami Group 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 Konami Group 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 * 0.9748 | + | 0.528 * 0.8767 | + | 0.404 * 0.9579 | + | 0.892 * 1.1463 | + | 0.115 * 1.0139 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9525 | + | 4.679 * -0.072444 | - | 0.327 * 0.976 |
| = | -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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was 円43,887 Mil.
Revenue was 107218 + 99245 + 81218 + 72633 = 円360,314 Mil.
Gross Profit was 47673 + 45560 + 34811 + 31993 = 円160,037 Mil.
Total Current Assets was 円343,860 Mil.
Total Assets was 円605,850 Mil.
Property, Plant and Equipment(Net PPE) was 円154,454 Mil.
Depreciation, Depletion and Amortization(DDA) was 円23,267 Mil.
Selling, General, & Admin. Expense(SGA) was 円71,825 Mil.
Total Current Liabilities was 円85,926 Mil.
Long-Term Debt & Capital Lease Obligation was 円59,862 Mil.
Net Income was 14676 + 17661 + 13459 + 13375 = 円59,171 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = 円0 Mil.
Cash Flow from Operations was 38567 + 21374 + 26289 + 16831 = 円103,061 Mil.
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Total Receivables was 円39,276 Mil.
Revenue was 87443 + 78519 + 76454 + 71905 = 円314,321 Mil.
Gross Profit was 34864 + 30921 + 27834 + 28772 = 円122,391 Mil.
Total Current Assets was 円290,041 Mil.
Total Assets was 円547,223 Mil.
Property, Plant and Equipment(Net PPE) was 円155,788 Mil.
Depreciation, Depletion and Amortization(DDA) was 円23,845 Mil.
Selling, General, & Admin. Expense(SGA) was 円65,780 Mil.
Total Current Liabilities was 円75,094 Mil.
Long-Term Debt & Capital Lease Obligation was 円59,819 Mil.
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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) |
| = | (43887 / 360314) | / | (39276 / 314321) |
| = | 0.121802 | / | 0.124955 |
| | = | 0.9748 |
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) |
| = | (122391 / 314321) | / | (160037 / 360314) |
| = | 0.389382 | / | 0.44416 |
| | = | 0.8767 |
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 - (343860 + 154454) / 605850) | / | (1 - (290041 + 155788) / 547223) |
| = | 0.177496 | / | 0.185288 |
| | = | 0.9579 |
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 |
| = | 360314 | / | 314321 |
| | = | 1.1463 |
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)) |
| = | (23845 / (23845 + 155788)) | / | (23267 / (23267 + 154454)) |
| = | 0.132743 | / | 0.130919 |
| | = | 1.0139 |
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) |
| = | (71825 / 360314) | / | (65780 / 314321) |
| = | 0.19934 | / | 0.209277 |
| | = | 0.9525 |
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) |
| = | ((59862 + 85926) / 605850) | / | ((59819 + 75094) / 547223) |
| = | 0.240634 | / | 0.246541 |
| | = | 0.976 |
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 |
| = | (59171 - 0 | - | 103061) | / | 605850 |
| | = | -0.072444 |
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.
Konami Group has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
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