Samsung SDI Co Beneish M-Score Historical Data
The historical data trend for Samsung SDI 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.
Samsung SDI Co Beneish M-Score Chart
|
Samsung SDI Co Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.59 |
-2.82 |
-2.61 |
-2.22 |
-2.18 |
|
Samsung SDI Co Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.22 |
-2.25 |
-2.34 |
-2.15 |
-2.18 |
Competitive Comparison of Samsung SDI Co's Beneish M-Score
For the Electronic Components subindustry, Samsung SDI 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.
Samsung SDI Co's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Samsung SDI Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Samsung SDI Co's Beneish M-Score falls into.
Samsung SDI 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 Samsung SDI 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 * 1.0276 | + | 0.528 * 1.1961 | + | 0.404 * 0.9896 | + | 0.892 * 1.1284 | + | 0.115 * 1.1061 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7017 | + | 4.679 * -0.002771 | - | 0.327 * 0.9813 |
| = | -2.18 |
* 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 ₩3,266,786 Mil.
Revenue was 5564765.036 + 5948108.274 + 5840582.434 + 5354844.755 = ₩22,708,300 Mil.
Gross Profit was 977229.883 + 1024582.143 + 1028626.642 + 951477.739 = ₩3,981,916 Mil.
Total Current Assets was ₩9,187,029 Mil.
Total Assets was ₩34,038,860 Mil.
Property, Plant and Equipment(Net PPE) was ₩11,893,348 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,727,972 Mil.
Selling, General, & Admin. Expense(SGA) was ₩639,040 Mil.
Total Current Liabilities was ₩8,518,933 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,904,531 Mil.
Net Income was 496218.093 + 613221.756 + 460484.368 + 439282.91 = ₩2,009,207 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 425689.028 + 230578.566 + 954805.684 + 492448.237 = ₩2,103,522 Mil.
|
Total Receivables was ₩2,817,299 Mil.
Revenue was 5965908.291 + 5367961.149 + 4740773.127 + 4049426.949 = ₩20,124,070 Mil.
Gross Profit was 1178459.612 + 1173939.523 + 1012779.312 + 855568.235 = ₩4,220,747 Mil.
Total Current Assets was ₩9,651,702 Mil.
Total Assets was ₩30,257,525 Mil.
Property, Plant and Equipment(Net PPE) was ₩8,965,470 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩1,463,333 Mil.
Selling, General, & Admin. Expense(SGA) was ₩807,049 Mil.
Total Current Liabilities was ₩8,006,939 Mil.
Long-Term Debt & Capital Lease Obligation was ₩2,341,393 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) |
| = | (3266785.825 / 22708300.499) | / | (2817299.269 / 20124069.516) |
| = | 0.143859 | / | 0.139996 |
| | = | 1.0276 |
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) |
| = | (4220746.682 / 20124069.516) | / | (3981916.407 / 22708300.499) |
| = | 0.209736 | / | 0.175351 |
| | = | 1.1961 |
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 - (9187029.193 + 11893348.077) / 34038860.193) | / | (1 - (9651702.375 + 8965469.799) / 30257525.171) |
| = | 0.380697 | / | 0.384709 |
| | = | 0.9896 |
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 |
| = | 22708300.499 | / | 20124069.516 |
| | = | 1.1284 |
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)) |
| = | (1463333.255 / (1463333.255 + 8965469.799)) | / | (1727971.776 / (1727971.776 + 11893348.077)) |
| = | 0.140317 | / | 0.126858 |
| | = | 1.1061 |
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) |
| = | (639040.204 / 22708300.499) | / | (807048.69 / 20124069.516) |
| = | 0.028141 | / | 0.040104 |
| | = | 0.7017 |
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) |
| = | ((2904530.86 + 8518933.137) / 34038860.193) | / | ((2341392.768 + 8006938.827) / 30257525.171) |
| = | 0.335601 | / | 0.342009 |
| | = | 0.9813 |
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 |
| = | (2009207.127 - 0 | - | 2103521.515) | / | 34038860.193 |
| | = | -0.002771 |
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.
Samsung SDI Co has a M-score of -2.18 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:006400 has been successfully added to your