Summi (Group) Holdings (HKSE:00756) Beneish M-Score : 0.00 (As of Jun. 09, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Summi (Group) Holdings 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.

The historical rank and industry rank for Summi (Group) Holdings's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Summi (Group) Holdings was 2.75. The lowest was -45.02. And the median was -2.25.

Summi (Group) Holdings Beneish M-Score Historical Data

The historical data trend for Summi (Group) Holdings'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.

* Premium members only.

Summi (Group) Holdings Beneish M-Score Chart

Summi (Group) Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beneish M-Score

Get a 7-Day Free Trial

-45.02

2.75

-1.32

Summi (Group) Holdings 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															-	-	-	-	-

Competitive Comparison of Summi (Group) Holdings's Beneish M-Score

For the Beverages - Non-Alcoholic subindustry, Summi (Group) Holdings'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.

Summi (Group) Holdings's Beneish M-Score Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Summi (Group) Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Summi (Group) Holdings's Beneish M-Score falls into.

Summi (Group) Holdings 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 Summi (Group) Holdings 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was HK$1.11 Mil.
Revenue was HK$23.37 Mil.
Gross Profit was HK$7.23 Mil.
Total Current Assets was HK$26.38 Mil.
Total Assets was HK$133.01 Mil.
Property, Plant and Equipment(Net PPE) was HK$106.63 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$18.94 Mil.
Selling, General, & Admin. Expense(SGA) was HK$37.85 Mil.
Total Current Liabilities was HK$407.23 Mil.
Long-Term Debt & Capital Lease Obligation was HK$51.23 Mil.
Net Income was HK$-29.52 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$6.28 Mil.

Total Receivables was HK$5.10 Mil.
Revenue was HK$35.37 Mil.
Gross Profit was HK$8.41 Mil.
Total Current Assets was HK$38.12 Mil.
Total Assets was HK$168.70 Mil.
Property, Plant and Equipment(Net PPE) was HK$130.58 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$22.13 Mil.
Selling, General, & Admin. Expense(SGA) was HK$54.93 Mil.
Total Current Liabilities was HK$402.60 Mil.
Long-Term Debt & Capital Lease Obligation was HK$68.52 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)
	=	(1.113 / 23.37)	/	(5.1 / 35.368)
	=	0.047625	/	0.144198
	=

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)
	=	(8.414 / 35.368)	/	(7.228 / 23.37)
	=	0.237899	/	0.309285
	=

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 - (26.383 + 106.628) / 133.011)	/	(1 - (38.118 + 130.577) / 168.695)
	=	0	/	0
	=

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
	=	23.37	/	35.368
	=

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))
	=	(22.125 / (22.125 + 130.577))	/	(18.943 / (18.943 + 106.628))
	=	0.14489	/	0.150855
	=

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)
	=	(37.845 / 23.37)	/	(54.928 / 35.368)
	=	1.619384	/	1.553042
	=

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)
	=	((51.228 + 407.233) / 133.011)	/	((68.52 + 402.596) / 168.695)
	=	3.44679	/	2.792709
	=

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
	=	(-29.52 - 0	-	6.279)	/	133.011
	=	-0.269143

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.

Summi (Group) Holdings Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Summi (Group) Holdings's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Summi (Group) Holdings (HKSE:00756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Summi (Group) Holdings Ltd (HKSE:00756) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

838 Lai Chi Kok Road, Room 702, 7th Floor, Laford Centre, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.hksummi.com

Summi (Group) Holdings Ltd operates in the beverages business. The company and its subsidiaries are principally engaged in the sale of frozen concentrated orange juice and other related products; and production and sale of freshly squeezed orange juice. The products of the group are offered under Summi brand name. It operates in two segments: Production and Sale of FCOJ and Other Related Products Business and Production and Sale of Summi Fresh Orange Juice and Other Products Busines. The company generates maximum revenue from production and Sale of Summi Fresh Orange Juice and Other Products Business segment. Geographically the company operates in South East Asia, Mainland China and Hong Kong.

Executives

Rui Er Holdings Company Limited	2101 Beneficial owner
Wu Shaohao	2201 Interest of corporation controlled by you
Yang Xijuan	2202 Interest of your spouse
Hu Mingyue	2101 Beneficial owner
Hong Man Na	2202 Interest of your spouse

Summi (Group) Holdings (HKSE:00756) Headlines

No Headlines