Chailease Holding Co Beneish M-Score Historical Data
The historical data trend for Chailease Holding 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.
Chailease Holding Co Beneish M-Score Chart
|
Chailease Holding Co Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.26 |
-2.42 |
-2.26 |
-2.15 |
-2.13 |
|
Chailease Holding 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.15 |
- |
- |
- |
-2.13 |
Competitive Comparison of Chailease Holding Co's Beneish M-Score
For the Credit Services subindustry, Chailease Holding 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.
Chailease Holding Co's Beneish M-Score Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Chailease Holding Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chailease Holding Co's Beneish M-Score falls into.
Chailease Holding 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 Chailease Holding 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 * 1.0714 | + | 0.528 * 1.0805 | + | 0.404 * 0.9692 | + | 0.892 * 1.033 | + | 0.115 * 1.1917 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1 | + | 4.679 * 0.043941 | - | 0.327 * 0.9965 |
| = | -2.13 |
* 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 NT$271,584 Mil.
Revenue was NT$22,808 Mil.
Gross Profit was NT$9,697 Mil.
Total Current Assets was NT$640,832 Mil.
Total Assets was NT$943,345 Mil.
Property, Plant and Equipment(Net PPE) was NT$100,560 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$7,555 Mil.
Selling, General, & Admin. Expense(SGA) was NT$0 Mil.
Total Current Liabilities was NT$545,780 Mil.
Long-Term Debt & Capital Lease Obligation was NT$221,104 Mil.
Net Income was NT$25,034 Mil.
Gross Profit was NT$0 Mil.
Cash Flow from Operations was NT$-16,418 Mil.
|
Total Receivables was NT$245,395 Mil.
Revenue was NT$22,080 Mil.
Gross Profit was NT$10,143 Mil.
Total Current Assets was NT$611,946 Mil.
Total Assets was NT$877,199 Mil.
Property, Plant and Equipment(Net PPE) was NT$71,494 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$6,495 Mil.
Selling, General, & Admin. Expense(SGA) was NT$0 Mil.
Total Current Liabilities was NT$483,277 Mil.
Long-Term Debt & Capital Lease Obligation was NT$232,366 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) |
| = | (271583.877 / 22807.935) | / | (245395.162 / 22079.667) |
| = | 11.907429 | / | 11.114079 |
| | = | 1.0714 |
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) |
| = | (10142.978 / 22079.667) | / | (9697.32 / 22807.935) |
| = | 0.459381 | / | 0.425173 |
| | = | 1.0805 |
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 - (640832.086 + 100559.833) / 943344.87) | / | (1 - (611945.678 + 71494.037) / 877198.754) |
| = | 0.214082 | / | 0.220884 |
| | = | 0.9692 |
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 |
| = | 22807.935 | / | 22079.667 |
| | = | 1.033 |
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)) |
| = | (6494.962 / (6494.962 + 71494.037)) | / | (7555.284 / (7555.284 + 100559.833)) |
| = | 0.08328 | / | 0.069882 |
| | = | 1.1917 |
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) |
| = | (0 / 22807.935) | / | (0 / 22079.667) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | ((221104.32 + 545779.615) / 943344.87) | / | ((232366.301 + 483276.945) / 877198.754) |
| = | 0.812941 | / | 0.815828 |
| | = | 0.9965 |
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 |
| = | (25033.636 - 0 | - | -16418.168) | / | 943344.87 |
| | = | 0.043941 |
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.
Chailease Holding Co has a M-score of -2.13 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:5871 has been successfully added to your