InRetail Peru Beneish M-Score Historical Data
The historical data trend for InRetail Peru'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.
InRetail Peru Beneish M-Score Chart
|
InRetail Peru Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.55 |
-2.89 |
-2.79 |
-2.74 |
-2.53 |
|
InRetail Peru Quarterly Data
|
|
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.52 |
-2.53 |
-2.71 |
-2.83 |
-2.88 |
Competitive Comparison of InRetail Peru's Beneish M-Score
For the Department Stores subindustry, InRetail Peru'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.
InRetail Peru's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, InRetail Peru's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where InRetail Peru's Beneish M-Score falls into.
InRetail Peru 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 InRetail Peru 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 * 0.9298 | + | 0.528 * 0.9998 | + | 0.404 * 0.9708 | + | 0.892 * 1.0849 | + | 0.115 * 0.9026 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9466 | + | 4.679 * -0.087047 | - | 0.327 * 0.9676 |
| = | -2.88 |
* 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 (Sep23) TTM: | Last Year (Sep22) TTM: |
Total Receivables was $275 Mil.
Revenue was 1370.242 + 1391.172 + 1362.414 + 1448.686 = $5,573 Mil.
Gross Profit was 390.25 + 388.464 + 377.68 + 404.687 = $1,561 Mil.
Total Current Assets was $1,300 Mil.
Total Assets was $5,476 Mil.
Property, Plant and Equipment(Net PPE) was $1,799 Mil.
Depreciation, Depletion and Amortization(DDA) was $230 Mil.
Selling, General, & Admin. Expense(SGA) was $707 Mil.
Total Current Liabilities was $1,516 Mil.
Long-Term Debt & Capital Lease Obligation was $2,267 Mil.
Net Income was 48.755 + 59.606 + 55.949 + 68 = $232 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 145.607 + 159.433 + 86.322 + 317.617 = $709 Mil.
|
Total Receivables was $272 Mil.
Revenue was 1320.831 + 1268.217 + 1255.464 + 1292.113 = $5,137 Mil.
Gross Profit was 376.562 + 352.321 + 342.697 + 367.06 = $1,439 Mil.
Total Current Assets was $1,260 Mil.
Total Assets was $5,315 Mil.
Property, Plant and Equipment(Net PPE) was $1,678 Mil.
Depreciation, Depletion and Amortization(DDA) was $191 Mil.
Selling, General, & Admin. Expense(SGA) was $689 Mil.
Total Current Liabilities was $1,552 Mil.
Long-Term Debt & Capital Lease Obligation was $2,243 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) |
| = | (274.547 / 5572.514) | / | (272.188 / 5136.625) |
| = | 0.049268 | / | 0.05299 |
| | = | 0.9298 |
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) |
| = | (1438.64 / 5136.625) | / | (1561.081 / 5572.514) |
| = | 0.280075 | / | 0.280139 |
| | = | 0.9998 |
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 - (1299.908 + 1798.988) / 5476.019) | / | (1 - (1260.297 + 1677.976) / 5314.738) |
| = | 0.434097 | / | 0.447146 |
| | = | 0.9708 |
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 |
| = | 5572.514 | / | 5136.625 |
| | = | 1.0849 |
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)) |
| = | (191.357 / (191.357 + 1677.976)) | / | (230.127 / (230.127 + 1798.988)) |
| = | 0.102366 | / | 0.113412 |
| | = | 0.9026 |
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) |
| = | (707.237 / 5572.514) | / | (688.716 / 5136.625) |
| = | 0.126915 | / | 0.134079 |
| | = | 0.9466 |
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) |
| = | ((2267.109 + 1515.747) / 5476.019) | / | ((2242.787 + 1551.715) / 5314.738) |
| = | 0.690804 | / | 0.713958 |
| | = | 0.9676 |
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 |
| = | (232.31 - 0 | - | 708.979) | / | 5476.019 |
| | = | -0.087047 |
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.
InRetail Peru has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LIM:INRETC1 has been successfully added to your