Brooker Group Beneish M-Score Historical Data
The historical data trend for Brooker 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.
Brooker Group Beneish M-Score Chart
|
Brooker Group Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.98 |
3.05 |
-0.50 |
-2.92 |
-2.98 |
|
Brooker Group 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.92 |
-2.14 |
-1.19 |
-0.11 |
-2.98 |
Competitive Comparison of Brooker Group's Beneish M-Score
For the Financial Conglomerates subindustry, Brooker 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.
Brooker Group's Beneish M-Score Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Brooker Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Brooker Group's Beneish M-Score falls into.
Brooker 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 Brooker 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 * 1.2172 | + | 0.528 * 0.8366 | + | 0.404 * 1.0996 | + | 0.892 * 1.3104 | + | 0.115 * 0.5162 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.4865 | + | 4.679 * -0.152326 | - | 0.327 * 1.2391 |
| = | -2.98 |
* 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 ฿526.8 Mil.
Revenue was 254.858 + 3.825 + 30.145 + 34.427 = ฿323.3 Mil.
Gross Profit was 237.219 + -12.482 + 15.656 + 19.053 = ฿259.4 Mil.
Total Current Assets was ฿2,643.4 Mil.
Total Assets was ฿3,548.4 Mil.
Property, Plant and Equipment(Net PPE) was ฿34.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ฿25.8 Mil.
Selling, General, & Admin. Expense(SGA) was ฿162.1 Mil.
Total Current Liabilities was ฿576.3 Mil.
Long-Term Debt & Capital Lease Obligation was ฿0.5 Mil.
Net Income was 398.88 + -84.157 + -15.875 + 88.419 = ฿387.3 Mil.
Non Operating Income was 156.254 + -21.821 + 38.435 + 137.233 = ฿310.1 Mil.
Cash Flow from Operations was 275.692 + 188.369 + 167.191 + -13.565 = ฿617.7 Mil.
|
Total Receivables was ฿330.3 Mil.
Revenue was 27.779 + 17.308 + 51.669 + 149.922 = ฿246.7 Mil.
Gross Profit was -0.027 + 2.49 + 27.441 + 135.73 = ฿165.6 Mil.
Total Current Assets was ฿2,347.7 Mil.
Total Assets was ฿3,117.3 Mil.
Property, Plant and Equipment(Net PPE) was ฿73.7 Mil.
Depreciation, Depletion and Amortization(DDA) was ฿21.0 Mil.
Selling, General, & Admin. Expense(SGA) was ฿83.2 Mil.
Total Current Liabilities was ฿407.7 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1.3 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) |
| = | (526.808 / 323.255) | / | (330.268 / 246.678) |
| = | 1.629698 | / | 1.338863 |
| | = | 1.2172 |
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) |
| = | (165.634 / 246.678) | / | (259.446 / 323.255) |
| = | 0.671458 | / | 0.802605 |
| | = | 0.8366 |
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 - (2643.387 + 34.122) / 3548.441) | / | (1 - (2347.739 + 73.696) / 3117.269) |
| = | 0.245441 | / | 0.223219 |
| | = | 1.0996 |
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 |
| = | 323.255 | / | 246.678 |
| | = | 1.3104 |
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)) |
| = | (21.034 / (21.034 + 73.696)) | / | (25.757 / (25.757 + 34.122)) |
| = | 0.222042 | / | 0.430151 |
| | = | 0.5162 |
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) |
| = | (162.088 / 323.255) | / | (83.21 / 246.678) |
| = | 0.501425 | / | 0.337322 |
| | = | 1.4865 |
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) |
| = | ((0.475 + 576.335) / 3548.441) | / | ((1.275 + 407.657) / 3117.269) |
| = | 0.162553 | / | 0.131183 |
| | = | 1.2391 |
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 |
| = | (387.267 - 310.101 | - | 617.687) | / | 3548.441 |
| | = | -0.152326 |
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.
Brooker Group has a M-score of -2.98 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:BROOK has been successfully added to your