Ryland Group Beneish M-Score Historical Data
The historical data trend for Ryland Group'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.
Ryland Group Beneish M-Score Chart
|
Ryland Group Annual Data
|
|
Trend |
Dec05 |
Dec06 |
Dec07 |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-4.34 |
-2.04 |
-2.57 |
-0.62 |
-1.95 |
|
Ryland Group Quarterly Data
|
|
Sep10 |
Dec10 |
Mar11 |
Jun11 |
Sep11 |
Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.54 |
-1.78 |
-1.95 |
-1.91 |
-1.85 |
Competitive Comparison of Ryland Group's Beneish M-Score
For the Residential Construction subindustry, Ryland Group'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.
Ryland Group's Beneish M-Score Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Ryland Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ryland Group's Beneish M-Score falls into.
Ryland Group 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 Ryland Group 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 | + | 0.528 * 0.9646 | + | 0.404 * 0.9669 | + | 0.892 * 1.3336 | + | 0.115 * 1.1487 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9193 | + | 4.679 * 0.096964 | - | 0.327 * 0.9391 |
| = | -1.71 |
* 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 (Jun15) TTM: | Last Year (Jun14) TTM: |
Total Receivables was €0 Mil.
Revenue was 582.389 + 478.077 + 703.79 + 527.829 = €2,292 Mil.
Gross Profit was 123.585 + 96.811 + 160.949 + 118.66 = €500 Mil.
Total Current Assets was €2,310 Mil.
Total Assets was €2,692 Mil.
Property, Plant and Equipment(Net PPE) was €32 Mil.
Depreciation, Depletion and Amortization(DDA) was €20 Mil.
Selling, General, & Admin. Expense(SGA) was €248 Mil.
Total Current Liabilities was €485 Mil.
Long-Term Debt & Capital Lease Obligation was €1,155 Mil.
Net Income was 37.958 + 24.446 + 58.15 + 37.658 = €158 Mil.
Non Operating Income was -2.568 + 0.681 + 0.709 + 0.823 = €-0 Mil.
Cash Flow from Operations was -86.48 + -25.265 + 19.252 + -10.004 = €-102 Mil.
|
Total Receivables was €0 Mil.
Revenue was 424.958 + 354.041 + 508.56 + 431.164 = €1,719 Mil.
Gross Profit was 86.936 + 72.354 + 111.229 + 91.143 = €362 Mil.
Total Current Assets was €1,797 Mil.
Total Assets was €2,099 Mil.
Property, Plant and Equipment(Net PPE) was €21 Mil.
Depreciation, Depletion and Amortization(DDA) was €16 Mil.
Selling, General, & Admin. Expense(SGA) was €202 Mil.
Total Current Liabilities was €333 Mil.
Long-Term Debt & Capital Lease Obligation was €1,028 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) |
| = | (0 / 2292.085) | / | (0 / 1718.723) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | (361.662 / 1718.723) | / | (500.005 / 2292.085) |
| = | 0.210425 | / | 0.218144 |
| | = | 0.9646 |
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 - (2310.243 + 31.91) / 2692.376) | / | (1 - (1796.516 + 20.515) / 2099.489) |
| = | 0.13008 | / | 0.134537 |
| | = | 0.9669 |
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 |
| = | 2292.085 | / | 1718.723 |
| | = | 1.3336 |
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)) |
| = | (15.996 / (15.996 + 20.515)) | / | (19.673 / (19.673 + 31.91)) |
| = | 0.438115 | / | 0.381385 |
| | = | 1.1487 |
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) |
| = | (247.517 / 2292.085) | / | (201.891 / 1718.723) |
| = | 0.107988 | / | 0.117466 |
| | = | 0.9193 |
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) |
| = | ((1154.694 + 485.371) / 2692.376) | / | ((1028.483 + 333.329) / 2099.489) |
| = | 0.609152 | / | 0.64864 |
| | = | 0.9391 |
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 |
| = | (158.212 - -0.355 | - | -102.497) | / | 2692.376 |
| | = | 0.096964 |
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.
Ryland Group has a M-score of -1.71 signals that the company is likely to be a manipulator.
Ryland Group (FRA:RYG) Business Description
Traded in Other Exchanges
N/A
Address
Ryland Group Inc is a Maryland corporation, which was founded in 1967. It is a homebuilder and a mortgage-finance company. The Company consists of six operating business segments namely four geographically determined homebuilding regions; financial services; and corporate. The Company's homebuilding operations consist of four regional reporting segments namely North, Southeast, Texas and West. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. Its operations in each of its homebuilding markets might differ due to a number of market-specific factors. These factors include regional economic conditions and job growth; land availability and local land development; consumer preferences; competition from other homebuilders; and home resale activity. The Company's financial services segment includes RMC, RH Insurance Company, Inc. or RHIC, LPS Holdings Corporation and its subsidiaries and Columbia National Risk Retention Group, Inc. or CNRRG. Corporate is a non-operating business segment whose purpose is to support operations. Corporate is responsible for establishing operational policies and internal control standards; implementing strategic initiatives; and monitoring compliance with policies and controls throughout the Company's operations. Corporate acts as an internal source of capital and provides financial, human resource, information technology, insurance, legal, marketing, national purchasing and tax compliance services. In addition, it performs administrative functions associated with a publicly traded entity. Ryland Insurance Services or RIS, a wholly-owned subsidiary of RMC, provides insurance services to the Company's homebuyers. As single-family on-site homebuilders in the United States, it operates in 17 states. The Company's homebuilding segments are subject to a number of local, state and federal laws, statutes, ordinances, rules and regulations concerning zoning, building design, construction, stormwater permitting and discharge and similar matters, as well as open space, wetlands and environmentally protected areas.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:RYG has been successfully added to your