China Petroleum & Chemical Corporation (SNP)
China Petroleum & Chemical Corporation Beneish M-Score: -2.284
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SNP Beneish M-Score Rankings
| Overall | 25th percentile | 2815 of 3771 |
| Sector | 34th percentile | 258 of 393 in Basic Materials |
| Industry | 11th percentile | 15 of 17 in Major Integrated Oil & Gas |
SNP Beneish M-Score Range, Past 5 Years
| Minimum | -2.720 | Dec 2008 |
| Maximum | -2.147 | Dec 2009 |
| Average | -2.370 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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SNP News
News from China http://stks.co/3maU $BIDU $SNP $CEO $CHK $CTRP $ACH $CHL
about 20 days ago by newschina
about 20 days ago by newschina
News from China http://stks.co/3Xto $CEA $BA $ZNH $PTR $SNP $CHA $EBAY
about 34 days ago by newschina
about 34 days ago by newschina
China Petroleum & Chemical Corporation Announces 2012 First Quarter Results
Apr 26, 11:36AM PR Newswire
Apr 26, 11:36AM PR Newswire
China Petroleum & Chemical Corporation Files 2011 Annual Report on Form 20-F
Apr 26, 7:34AM PR Newswire
Apr 26, 7:34AM PR Newswire
With the way refining has been such a weak business, I guess it was forgivable for $SNP to come in a little less than expected.
about 65 days ago by bradloncar
about 65 days ago by bradloncar
Today's Dividend-Paying Winners and Losers: http://stks.co/2yHs $TIF $POT $DSW $BAC $VOD $JOY $SNP
about 72 days ago by DynamicDividend
about 72 days ago by DynamicDividend
RT @pattidomm Why BHP Comments Were Misinterpreted http://stks.co/2y07 $BHP $CAT $PTR $SNP #WallStreet #StockMarket
about 72 days ago by WallStreetBean
about 72 days ago by WallStreetBean
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