Deodato Gallery SpA (STU:Y4J) Beneish M-Score : 5.51 (As of Jun. 06, 2024)

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What is Deodato Gallery SpA Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Warning Sign:

Beneish M-Score 5.51 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Deodato Gallery SpA's Beneish M-Score or its related term are showing as below:

STU:Y4J' s Beneish M-Score Range Over the Past 10 Years
Min: -0.43 Med: 2.54 Max: 5.51
Current: 5.51

During the past 4 years, the highest Beneish M-Score of Deodato Gallery SpA was 5.51. The lowest was -0.43. And the median was 2.54.

Deodato Gallery SpA Beneish M-Score Historical Data

The historical data trend for Deodato Gallery SpA'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.

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Deodato Gallery SpA Beneish M-Score Chart

Deodato Gallery SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

-0.43

5.51

Deodato Gallery SpA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial			-	-	-0.43	-	5.51

Competitive Comparison of Deodato Gallery SpA's Beneish M-Score

For the Leisure subindustry, Deodato Gallery SpA'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.

Deodato Gallery SpA's Beneish M-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Deodato Gallery SpA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Deodato Gallery SpA's Beneish M-Score falls into.

Deodato Gallery SpA 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 Deodato Gallery SpA for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.9073

0.528 * 13.1826

0.404 * 1.0953

0.892 * 1.1059

0.115 * 0.677

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.127449

0.327 * 0.8915

5.51

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was €2.96 Mil.
Revenue was €10.54 Mil.
Gross Profit was €0.14 Mil.
Total Current Assets was €9.03 Mil.
Total Assets was €10.51 Mil.
Property, Plant and Equipment(Net PPE) was €0.15 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.39 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €4.69 Mil.
Long-Term Debt & Capital Lease Obligation was €0.98 Mil.
Net Income was €0.02 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-1.32 Mil.

Total Receivables was €1.40 Mil.
Revenue was €9.53 Mil.
Gross Profit was €1.65 Mil.
Total Current Assets was €5.65 Mil.
Total Assets was €6.58 Mil.
Property, Plant and Equipment(Net PPE) was €0.17 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.16 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €3.16 Mil.
Long-Term Debt & Capital Lease Obligation was €0.83 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)
	=	(2.955 / 10.539)	/	(1.401 / 9.53)
	=	0.280387	/	0.147009
	=	1.9073

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)
	=	(1.645 / 9.53)	/	(0.138 / 10.539)
	=	0.172613	/	0.013094
	=	13.1826

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 - (9.034 + 0.145) / 10.514)	/	(1 - (5.654 + 0.165) / 6.582)
	=	0.126974	/	0.115922
	=	1.0953

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
	=	10.539	/	9.53
	=	1.1059

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))
	=	(0.161 / (0.161 + 0.165))	/	(0.391 / (0.391 + 0.145))
	=	0.493865	/	0.729478
	=	0.677

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)
	=	(0 / 10.539)	/	(0 / 9.53)
	=	0	/	0
	=	1

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)
	=	((0.978 + 4.694) / 10.514)	/	((0.827 + 3.156) / 6.582)
	=	0.539471	/	0.605135
	=	0.8915

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
	=	(0.021 - 0	-	-1.319)	/	10.514
	=	0.127449

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.

Deodato Gallery SpA has a M-score of 5.51 signals that the company is likely to be a manipulator.

Deodato Gallery SpA Beneish M-Score Related Terms

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Deodato Gallery SpA (STU:Y4J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Deodato Gallery SpA (STU:Y4J) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

ART:Italy Y4J:Germany

Address

Via Nerino n. 2, Milan, ITA, 20123

Website

https://www.deodato.group

Deodato Gallery SpA provides e-commerce solutions. The firm operates a pop and street art e-commerce portal that resells and delivers modern and contemporary artworks.

Deodato Gallery SpA (STU:Y4J) Headlines

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