Mineral Resources Beneish M-Score Historical Data
The historical data trend for Mineral Resources'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.
Mineral Resources Beneish M-Score Chart
|
Mineral Resources Annual Data
|
|
Trend |
Jun14 |
Jun15 |
Jun16 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.34 |
-2.27 |
-1.80 |
-1.90 |
-2.89 |
|
Mineral Resources Semi-Annual Data
|
|
Jun14 |
Dec14 |
Jun15 |
Dec15 |
Jun16 |
Dec16 |
Jun17 |
Dec17 |
Jun18 |
Dec18 |
Jun19 |
Dec19 |
Jun20 |
Dec20 |
Jun21 |
Dec21 |
Jun22 |
Dec22 |
Jun23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-1.90 |
- |
-2.89 |
- |
Competitive Comparison of Mineral Resources's Beneish M-Score
For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.
Mineral Resources's Beneish M-Score Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mineral Resources's Beneish M-Score falls into.
Mineral Resources 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 Mineral Resources 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 * 0.7508 | + | 0.528 * 0.9857 | + | 0.404 * 0.4368 | + | 0.892 * 1.3353 | + | 0.115 * 0.9845 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8109 | + | 4.679 * -0.066979 | - | 0.327 * 1.0455 |
| = | -2.94 |
* 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 (Jun23) TTM: | Last Year (Jun22) TTM: |
Total Receivables was $441 Mil.
Revenue was $3,207 Mil.
Gross Profit was $2,758 Mil.
Total Current Assets was $2,332 Mil.
Total Assets was $5,634 Mil.
Property, Plant and Equipment(Net PPE) was $3,038 Mil.
Depreciation, Depletion and Amortization(DDA) was $302 Mil.
Selling, General, & Admin. Expense(SGA) was $1,258 Mil.
Total Current Liabilities was $842 Mil.
Long-Term Debt & Capital Lease Obligation was $2,107 Mil.
Net Income was $163 Mil.
Gross Profit was $-368 Mil.
Cash Flow from Operations was $909 Mil.
|
Total Receivables was $440 Mil.
Revenue was $2,402 Mil.
Gross Profit was $2,036 Mil.
Total Current Assets was $2,368 Mil.
Total Assets was $5,489 Mil.
Property, Plant and Equipment(Net PPE) was $2,530 Mil.
Depreciation, Depletion and Amortization(DDA) was $248 Mil.
Selling, General, & Admin. Expense(SGA) was $1,162 Mil.
Total Current Liabilities was $642 Mil.
Long-Term Debt & Capital Lease Obligation was $2,106 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) |
| = | (441.477 / 3207.45) | / | (440.337 / 2401.968) |
| = | 0.137641 | / | 0.183323 |
| | = | 0.7508 |
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) |
| = | (2036.191 / 2401.968) | / | (2758.389 / 3207.45) |
| = | 0.847718 | / | 0.859994 |
| | = | 0.9857 |
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 - (2331.879 + 3037.785) / 5634.362) | / | (1 - (2368.377 + 2530.429) / 5489.178) |
| = | 0.046979 | / | 0.107552 |
| | = | 0.4368 |
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 |
| = | 3207.45 | / | 2401.968 |
| | = | 1.3353 |
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)) |
| = | (247.505 / (247.505 + 2530.429)) | / | (302.282 / (302.282 + 3037.785)) |
| = | 0.089097 | / | 0.090502 |
| | = | 0.9845 |
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) |
| = | (1257.785 / 3207.45) | / | (1161.63 / 2401.968) |
| = | 0.392145 | / | 0.483616 |
| | = | 0.8109 |
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) |
| = | ((2106.846 + 841.879) / 5634.362) | / | ((2105.762 + 642.024) / 5489.178) |
| = | 0.523347 | / | 0.500582 |
| | = | 1.0455 |
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 |
| = | (163.289 - -367.852 | - | 908.523) | / | 5634.362 |
| | = | -0.066979 |
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.
Mineral Resources has a M-score of -2.94 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MALRY has been successfully added to your