ABC Technologies Holdings Beneish M-Score Historical Data
The historical data trend for ABC Technologies 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.
ABC Technologies Holdings Beneish M-Score Chart
|
ABC Technologies Holdings Annual Data
|
|
Trend |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
-2.93 |
-1.59 |
-2.89 |
|
ABC Technologies Holdings Quarterly Data
|
|
Jun18 |
Jun19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
-1.59 |
-1.78 |
-2.03 |
-2.97 |
-2.89 |
Competitive Comparison of ABC Technologies Holdings's Beneish M-Score
For the Auto Parts subindustry, ABC Technologies 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.
ABC Technologies Holdings's Beneish M-Score Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ABC Technologies Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where ABC Technologies Holdings's Beneish M-Score falls into.
ABC Technologies 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 ABC Technologies Holdings 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 * 0.9025 | + | 0.528 * 0.5744 | + | 0.404 * 0.7038 | + | 0.892 * 1.5586 | + | 0.115 * 1.0291 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1321 | + | 4.679 * -0.088876 | - | 0.327 * 1.1104 |
| = | -2.89 |
* 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 (Jun23) TTM: | Last Year (Jun22) TTM: |
Total Receivables was C$252 Mil.
Revenue was 557.138 + 511.042 + 436.08 + 425.333 = C$1,930 Mil.
Gross Profit was 83.57 + 83.587 + 68.807 + 40.831 = C$277 Mil.
Total Current Assets was C$665 Mil.
Total Assets was C$2,132 Mil.
Property, Plant and Equipment(Net PPE) was C$1,062 Mil.
Depreciation, Depletion and Amortization(DDA) was C$162 Mil.
Selling, General, & Admin. Expense(SGA) was C$217 Mil.
Total Current Liabilities was C$566 Mil.
Long-Term Debt & Capital Lease Obligation was C$1,038 Mil.
Net Income was 1.689 + -2.685 + -30.891 + -31.279 = C$-63 Mil.
Non Operating Income was 6.709 + 12.28 + -26.343 + -2.342 = C$-10 Mil.
Cash Flow from Operations was 19.436 + 56.438 + 18.269 + 41.855 = C$136 Mil.
|
Total Receivables was C$179 Mil.
Revenue was 408.766 + 361.791 + 260.402 + 207.063 = C$1,238 Mil.
Gross Profit was 34.102 + 47.399 + 19.423 + 1.08 = C$102 Mil.
Total Current Assets was C$438 Mil.
Total Assets was C$1,636 Mil.
Property, Plant and Equipment(Net PPE) was C$757 Mil.
Depreciation, Depletion and Amortization(DDA) was C$119 Mil.
Selling, General, & Admin. Expense(SGA) was C$123 Mil.
Total Current Liabilities was C$371 Mil.
Long-Term Debt & Capital Lease Obligation was C$737 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) |
| = | (251.734 / 1929.593) | / | (178.968 / 1238.022) |
| = | 0.13046 | / | 0.14456 |
| | = | 0.9025 |
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) |
| = | (102.004 / 1238.022) | / | (276.795 / 1929.593) |
| = | 0.082393 | / | 0.143447 |
| | = | 0.5744 |
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 - (664.976 + 1062.307) / 2131.834) | / | (1 - (438.085 + 757.131) / 1636.445) |
| = | 0.189767 | / | 0.269627 |
| | = | 0.7038 |
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 |
| = | 1929.593 | / | 1238.022 |
| | = | 1.5586 |
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)) |
| = | (119.132 / (119.132 + 757.131)) | / | (161.697 / (161.697 + 1062.307)) |
| = | 0.135955 | / | 0.132105 |
| | = | 1.0291 |
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) |
| = | (217.334 / 1929.593) | / | (123.171 / 1238.022) |
| = | 0.112632 | / | 0.09949 |
| | = | 1.1321 |
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) |
| = | ((1037.666 + 565.597) / 2131.834) | / | ((737.434 + 370.914) / 1636.445) |
| = | 0.752058 | / | 0.67729 |
| | = | 1.1104 |
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 |
| = | (-63.166 - -9.696 | - | 135.998) | / | 2131.834 |
| | = | -0.088876 |
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.
ABC Technologies Holdings has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:ABCT has been successfully added to your