Zinitix Co Beneish M-Score Historical Data
The historical data trend for Zinitix 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.
Zinitix Co Beneish M-Score Chart
|
Zinitix Co Annual Data
|
|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
-3.07 |
-2.46 |
-3.31 |
-2.31 |
|
Zinitix Co 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.28 |
-3.16 |
-2.57 |
-2.31 |
-1.97 |
Competitive Comparison of Zinitix Co's Beneish M-Score
For the Semiconductors subindustry, Zinitix 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.
Zinitix Co's Beneish M-Score Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Zinitix Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Zinitix Co's Beneish M-Score falls into.
Zinitix 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 Zinitix 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 * 0.9516 | + | 0.528 * 1.3455 | + | 0.404 * 1.1893 | + | 0.892 * 2.0685 | + | 0.115 * 0.715 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.511 | + | 4.679 * -0.124661 | - | 0.327 * 1.3753 |
| = | -1.97 |
* 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 ₩6,074 Mil.
Revenue was 15952.028 + 13471.187 + 7901.513 + 7083.527 = ₩44,408 Mil.
Gross Profit was 2605.164 + 2458.841 + 1752.654 + 644.165 = ₩7,461 Mil.
Total Current Assets was ₩20,948 Mil.
Total Assets was ₩27,617 Mil.
Property, Plant and Equipment(Net PPE) was ₩4,629 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩892 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,912 Mil.
Total Current Liabilities was ₩10,248 Mil.
Long-Term Debt & Capital Lease Obligation was ₩28 Mil.
Net Income was -237.771 + -873.898 + -1182.815 + -1971.507 = ₩-4,266 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₩0 Mil.
Cash Flow from Operations was 473.16 + 380.277 + -1814.086 + 137.397 = ₩-823 Mil.
|
Total Receivables was ₩3,086 Mil.
Revenue was 4612.195 + 1155.273 + 7182.155 + 8519.471 = ₩21,469 Mil.
Gross Profit was 1136.904 + -801.92 + 2201.213 + 2316.972 = ₩4,853 Mil.
Total Current Assets was ₩22,741 Mil.
Total Assets was ₩29,388 Mil.
Property, Plant and Equipment(Net PPE) was ₩4,822 Mil.
Depreciation, Depletion and Amortization(DDA) was ₩630 Mil.
Selling, General, & Admin. Expense(SGA) was ₩1,809 Mil.
Total Current Liabilities was ₩7,950 Mil.
Long-Term Debt & Capital Lease Obligation was ₩0 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) |
| = | (6073.823 / 44408.255) | / | (3085.645 / 21469.094) |
| = | 0.136772 | / | 0.143725 |
| | = | 0.9516 |
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) |
| = | (4853.169 / 21469.094) | / | (7460.824 / 44408.255) |
| = | 0.226054 | / | 0.168005 |
| | = | 1.3455 |
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 - (20948.17 + 4629.474) / 27616.847) | / | (1 - (22741.407 + 4821.895) / 29387.842) |
| = | 0.073839 | / | 0.062085 |
| | = | 1.1893 |
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 |
| = | 44408.255 | / | 21469.094 |
| | = | 2.0685 |
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)) |
| = | (629.986 / (629.986 + 4821.895)) | / | (892.358 / (892.358 + 4629.474)) |
| = | 0.115554 | / | 0.161605 |
| | = | 0.715 |
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) |
| = | (1912.028 / 44408.255) | / | (1808.91 / 21469.094) |
| = | 0.043056 | / | 0.084256 |
| | = | 0.511 |
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) |
| = | ((27.76 + 10247.518) / 27616.847) | / | ((0 + 7950.357) / 29387.842) |
| = | 0.372066 | / | 0.270532 |
| | = | 1.3753 |
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 |
| = | (-4265.991 - 0 | - | -823.252) | / | 27616.847 |
| | = | -0.124661 |
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.
Zinitix Co has a M-score of -1.97 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:303030 has been successfully added to your