Quanta Storage Beneish M-Score Historical Data
The historical data trend for Quanta Storage'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.
Quanta Storage Beneish M-Score Chart
|
Quanta Storage Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.55 |
-2.54 |
-2.57 |
-2.26 |
-1.64 |
|
Quanta Storage 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.63 |
-2.35 |
-1.56 |
-1.64 |
-1.19 |
Competitive Comparison of Quanta Storage's Beneish M-Score
For the Computer Hardware subindustry, Quanta Storage'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.
Quanta Storage's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Quanta Storage's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Quanta Storage's Beneish M-Score falls into.
Quanta Storage 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 Quanta Storage 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 * 1.4492 | + | 0.528 * 0.892 | + | 0.404 * 2.5937 | + | 0.892 * 0.8531 | + | 0.115 * 1.0733 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0953 | + | 4.679 * 0.09559 | - | 0.327 * 1.0675 |
| = | -1.19 |
* 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 NT$2,884 Mil.
Revenue was 2193.99 + 2780.936 + 2721.639 + 2326.514 = NT$10,023 Mil.
Gross Profit was 564.91 + 760.844 + 730.716 + 548.996 = NT$2,605 Mil.
Total Current Assets was NT$10,901 Mil.
Total Assets was NT$14,275 Mil.
Property, Plant and Equipment(Net PPE) was NT$2,536 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$369 Mil.
Selling, General, & Admin. Expense(SGA) was NT$897 Mil.
Total Current Liabilities was NT$4,887 Mil.
Long-Term Debt & Capital Lease Obligation was NT$39 Mil.
Net Income was 216.386 + 356.781 + 342.245 + 215.894 = NT$1,131 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was -402.773 + -441.495 + 572.753 + 38.227 = NT$-233 Mil.
|
Total Receivables was NT$2,333 Mil.
Revenue was 2546.944 + 3475.288 + 3064.992 + 2661.759 = NT$11,749 Mil.
Gross Profit was 614.504 + 833.199 + 663.414 + 613.214 = NT$2,724 Mil.
Total Current Assets was NT$10,917 Mil.
Total Assets was NT$13,603 Mil.
Property, Plant and Equipment(Net PPE) was NT$2,378 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$375 Mil.
Selling, General, & Admin. Expense(SGA) was NT$960 Mil.
Total Current Liabilities was NT$4,313 Mil.
Long-Term Debt & Capital Lease Obligation was NT$84 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) |
| = | (2884.467 / 10023.079) | / | (2333.107 / 11748.983) |
| = | 0.287783 | / | 0.198579 |
| | = | 1.4492 |
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) |
| = | (2724.331 / 11748.983) | / | (2605.466 / 10023.079) |
| = | 0.231878 | / | 0.259947 |
| | = | 0.892 |
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 - (10900.65 + 2536.295) / 14275.48) | / | (1 - (10917.054 + 2377.822) / 13602.942) |
| = | 0.05874 | / | 0.022647 |
| | = | 2.5937 |
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 |
| = | 10023.079 | / | 11748.983 |
| | = | 0.8531 |
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)) |
| = | (374.827 / (374.827 + 2377.822)) | / | (368.549 / (368.549 + 2536.295)) |
| = | 0.13617 | / | 0.126874 |
| | = | 1.0733 |
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) |
| = | (897.24 / 10023.079) | / | (960.197 / 11748.983) |
| = | 0.089517 | / | 0.081726 |
| | = | 1.0953 |
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) |
| = | ((38.912 + 4886.919) / 14275.48) | / | ((84.111 + 4312.903) / 13602.942) |
| = | 0.345055 | / | 0.32324 |
| | = | 1.0675 |
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 |
| = | (1131.306 - 0 | - | -233.288) | / | 14275.48 |
| | = | 0.09559 |
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.
Quanta Storage has a M-score of -1.19 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ROCO:6188 has been successfully added to your