Chart Industries Beneish M-Score Historical Data
The historical data trend for Chart Industries'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.
Chart Industries Beneish M-Score Chart
|
Chart Industries Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.43 |
-2.17 |
-2.20 |
-2.02 |
-1.33 |
|
Chart Industries 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.08 |
-1.40 |
-1.40 |
-1.33 |
-2.06 |
Competitive Comparison of Chart Industries's Beneish M-Score
For the Specialty Industrial Machinery subindustry, Chart Industries'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.
Chart Industries's Beneish M-Score Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chart Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chart Industries's Beneish M-Score falls into.
Chart Industries 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 Chart Industries 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 * 0.5634 | + | 0.528 * 0.8352 | + | 0.404 * 0.9479 | + | 0.892 * 2.1073 | + | 0.115 * 0.4867 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9997 | + | 4.679 * -0.001254 | - | 0.327 * 0.9729 |
| = | -2.06 |
* 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 $1,353 Mil.
Revenue was 950.7 + 1015 + 897.9 + 908.1 = $3,772 Mil.
Gross Profit was 302.3 + 334.3 + 276.2 + 280.6 = $1,193 Mil.
Total Current Assets was $2,371 Mil.
Total Assets was $9,248 Mil.
Property, Plant and Equipment(Net PPE) was $850 Mil.
Depreciation, Depletion and Amortization(DDA) was $264 Mil.
Selling, General, & Admin. Expense(SGA) was $535 Mil.
Total Current Liabilities was $1,894 Mil.
Long-Term Debt & Capital Lease Obligation was $3,784 Mil.
Net Income was 11.3 + 49.8 + 3.4 + 9.1 = $74 Mil.
Non Operating Income was -3.2 + -11.1 + -3.4 + -1.3 = $-19 Mil.
Cash Flow from Operations was -95.1 + 130.3 + -22.6 + 91.6 = $104 Mil.
|
Total Receivables was $1,140 Mil.
Revenue was 531.5 + 441.4 + 412.1 + 404.8 = $1,790 Mil.
Gross Profit was 149.3 + 124.3 + 104.6 + 94.8 = $473 Mil.
Total Current Assets was $2,163 Mil.
Total Assets was $9,249 Mil.
Property, Plant and Equipment(Net PPE) was $727 Mil.
Depreciation, Depletion and Amortization(DDA) was $95 Mil.
Selling, General, & Admin. Expense(SGA) was $254 Mil.
Total Current Liabilities was $1,733 Mil.
Long-Term Debt & Capital Lease Obligation was $4,104 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) |
| = | (1353.2 / 3771.7) | / | (1139.7 / 1789.8) |
| = | 0.358777 | / | 0.636775 |
| | = | 0.5634 |
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) |
| = | (473 / 1789.8) | / | (1193.4 / 3771.7) |
| = | 0.264275 | / | 0.316409 |
| | = | 0.8352 |
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 - (2371.3 + 850.3) / 9247.9) | / | (1 - (2163.3 + 727.2) / 9248.8) |
| = | 0.65164 | / | 0.687473 |
| | = | 0.9479 |
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 |
| = | 3771.7 | / | 1789.8 |
| | = | 2.1073 |
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)) |
| = | (94.7 / (94.7 + 727.2)) | / | (263.7 / (263.7 + 850.3)) |
| = | 0.115221 | / | 0.236715 |
| | = | 0.4867 |
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) |
| = | (534.9 / 3771.7) | / | (253.9 / 1789.8) |
| = | 0.141819 | / | 0.141859 |
| | = | 0.9997 |
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) |
| = | ((3783.9 + 1893.7) / 9247.9) | / | ((4103.6 + 1732.6) / 9248.8) |
| = | 0.613934 | / | 0.631022 |
| | = | 0.9729 |
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 |
| = | (73.6 - -19 | - | 104.2) | / | 9247.9 |
| | = | -0.001254 |
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.
Chart Industries has a M-score of -2.06 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GTLS has been successfully added to your