Kisan Telecom Co Beneish M-Score Historical Data
The historical data trend for Kisan Telecom Co'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.
Kisan Telecom Co Beneish M-Score Chart
|
Kisan Telecom Co Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.79 |
-2.22 |
-2.65 |
-2.06 |
-2.74 |
|
Kisan Telecom Co 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-0.95 |
-1.73 |
-1.59 |
-2.74 |
-2.65 |
Competitive Comparison of Kisan Telecom Co's Beneish M-Score
For the Communication Equipment subindustry, Kisan Telecom Co'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.
Kisan Telecom Co's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Kisan Telecom Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kisan Telecom Co's Beneish M-Score falls into.
Kisan Telecom Co 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 Kisan Telecom Co 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 * 0.6625 | + | 0.528 * 1.329 | + | 0.404 * 0.8876 | + | 0.892 * 0.8948 | + | 0.115 * 1.2379 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.2197 | + | 4.679 * 0.028357 | - | 0.327 * 1.0563 |
| = | -2.65 |
* 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 ₩11,454 Mil.
Revenue was 11352.406 + 27676.772 + 13175.996 + 18004.416 = ₩70,210 Mil.
Gross Profit was 2245.112 + 4942.083 + 1318.035 + 3546.809 = ₩12,052 Mil.
Total Current Assets was ₩74,521 Mil.
Total Assets was ₩94,334 Mil.
Property, Plant and Equipment(Net PPE) was ₩12,671 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,292 Mil.
Selling, General, & Admin. Expense(SGA) was ₩2,324 Mil.
Total Current Liabilities was ₩36,210 Mil.
Long-Term Debt & Capital Lease Obligation was ₩10,235 Mil.
Net Income was -736.771 + 1558.184 + -871.201 + 347.835 = ₩298 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was -7204.366 + 8802.485 + -5680.817 + 1705.757 = ₩-2,377 Mil.
|
Total Receivables was ₩19,321 Mil.
Revenue was 15027.49 + 30495.165 + 16136.818 + 16800.694 = ₩78,460 Mil.
Gross Profit was 5102.66 + 6450.121 + 3215.516 + 3131.348 = ₩17,900 Mil.
Total Current Assets was ₩68,543 Mil.
Total Assets was ₩85,238 Mil.
Property, Plant and Equipment(Net PPE) was ₩9,425 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,219 Mil.
Selling, General, & Admin. Expense(SGA) was ₩2,129 Mil.
Total Current Liabilities was ₩39,286 Mil.
Long-Term Debt & Capital Lease Obligation was ₩445 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) |
| = | (11453.931 / 70209.59) | / | (19321.188 / 78460.167) |
| = | 0.163139 | / | 0.246255 |
| | = | 0.6625 |
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) |
| = | (17899.645 / 78460.167) | / | (12052.039 / 70209.59) |
| = | 0.228137 | / | 0.171658 |
| | = | 1.329 |
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 - (74520.604 + 12671.393) / 94333.637) | / | (1 - (68543.019 + 9424.976) / 85237.83) |
| = | 0.075706 | / | 0.085289 |
| | = | 0.8876 |
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 |
| = | 70209.59 | / | 78460.167 |
| | = | 0.8948 |
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)) |
| = | (1218.965 / (1218.965 + 9424.976)) | / | (1291.815 / (1291.815 + 12671.393)) |
| = | 0.114522 | / | 0.092516 |
| | = | 1.2379 |
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) |
| = | (2323.905 / 70209.59) | / | (2129.173 / 78460.167) |
| = | 0.0331 | / | 0.027137 |
| | = | 1.2197 |
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) |
| = | ((10234.699 + 36209.934) / 94333.637) | / | ((445.092 + 39286.219) / 85237.83) |
| = | 0.492344 | / | 0.466123 |
| | = | 1.0563 |
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 |
| = | (298.047 - 0 | - | -2376.941) | / | 94333.637 |
| | = | 0.028357 |
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.
Kisan Telecom Co has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:035460 has been successfully added to your