China Southern Airlines Company (ZNH)
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China Southern Airlines Company Beneish M-Score Chart
View Beneish M-Score for ZNH.
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China Southern Airlines Company Historical Beneish M-Score Data
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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
View Beneish M-Score for ZNH.
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ZNH Beneish M-Score Benchmarks
| Companies | |
|---|---|
| China Eastern Airlines Corporation | Go Pro |
| Delta Air Lines | Go Pro |
| Allegiant Travel Company | Go Pro |
ZNH Beneish M-Score Rankings
| Overall |
83rd percentile 1283 of 8005 |
| Sector |
78th percentile 194 of 893 in Industrials |
| Industry |
52nd percentile 9 of 19 in Airlines |
