OAK has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
OAK has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination for M-Score is as such:
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.
The historical rank and industry rank for Oaktree Capital Group LLC's Beneish M-Score or its related term are showing as below:
During the past 11 years, the highest Beneish M-Score of Oaktree Capital Group LLC was 0.00. The lowest was 0.00. And the median was 0.00.
The historical data trend for Oaktree Capital Group LLC'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.
Oaktree Capital Group LLC Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
Beneish M-Score | Get a 7-Day Free Trial | -2.26 | -2.14 | -1.91 | -1.96 | -2.20 |
Oaktree Capital Group LLC Quarterly Data | ||||||||||||||||||||
Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
Beneish M-Score | Get a 7-Day Free Trial | -2.67 | -2.20 | -1.77 | -1.02 | -0.01 |
For the Asset Management subindustry, Oaktree Capital Group LLC'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.
For the Asset Management industry and Financial Services sector, Oaktree Capital Group LLC's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Oaktree Capital Group LLC's Beneish M-Score falls into.
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 Oaktree Capital Group LLC 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 * 0.7936 | + | 0.528 * 1.0092 | + | 0.404 * 1.0525 | + | 0.892 * 1.2506 | + | 0.115 * 8.9092 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.1953 | + | 4.679 * 0.294141 | - | 0.327 * 1.089 | |||||||
= | -0.20 |
* 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 (Sep19) TTM: | Last Year (Sep18) TTM: |
Total Receivables was $257 Mil. Revenue was 205.19 + 313.483 + 266.415 + 594.248 = $1,379 Mil. Gross Profit was 59.703 + 108.598 + 85.263 + 272.465 = $526 Mil. Total Current Assets was $1,254 Mil. Total Assets was $11,739 Mil. Property, Plant and Equipment(Net PPE) was $207 Mil. Depreciation, Depletion and Amortization(DDA) was $26 Mil. Selling, General, & Admin. Expense(SGA) was $243 Mil. Total Current Liabilities was $1,125 Mil. Long-Term Debt & Capital Lease Obligation was $7,403 Mil. Net Income was -9.819 + 49.273 + 54.083 + 82.906 = $176 Mil. Non Operating Income was -17.809 + 35.132 + 113.47 + -132.702 = $-2 Mil. Cash Flow from Operations was -1810.118 + -929.55 + -56.511 + -478.448 = $-3,275 Mil. |
Total Receivables was $259 Mil. Revenue was 241.227 + 213.283 + 337.321 + 311.095 = $1,103 Mil. Gross Profit was 97.399 + 77.746 + 129.131 + 120.218 = $424 Mil. Total Current Assets was $1,585 Mil. Total Assets was $9,430 Mil. Property, Plant and Equipment(Net PPE) was $0 Mil. Depreciation, Depletion and Amortization(DDA) was $25 Mil. Selling, General, & Admin. Expense(SGA) was $163 Mil. Total Current Liabilities was $1,033 Mil. Long-Term Debt & Capital Lease Obligation was $5,258 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) |
= | (257.489 / 1379.336) | / | (259.438 / 1102.926) | |
= | 0.186676 | / | 0.235227 | |
= | 0.7936 |
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) | |
= | (424.494 / 1102.926) | / | (526.029 / 1379.336) | |
= | 0.38488 | / | 0.381364 | |
= | 1.0092 |
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 - (1253.512 + 207.078) / 11739.195) | / | (1 - (1585.299 + 0) / 9430.049) | |
= | 0.87558 | / | 0.831889 | |
= | 1.0525 |
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 | |
= | 1379.336 | / | 1102.926 | |
= | 1.2506 |
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)) |
= | (25.323 / (25.323 + 0)) | / | (26.182 / (26.182 + 207.078)) | |
= | 1 | / | 0.112244 | |
= | 8.9092 |
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) |
= | (243.115 / 1379.336) | / | (162.636 / 1102.926) | |
= | 0.176255 | / | 0.147459 | |
= | 1.1953 |
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) |
= | ((7402.623 + 1125.354) / 11739.195) | / | ((5258.026 + 1032.86) / 9430.049) | |
= | 0.726453 | / | 0.667111 | |
= | 1.089 |
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 | |
= | (176.443 - -1.909 | - | -3274.627) | / | 11739.195 | |
= | 0.294141 |
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.
Oaktree Capital Group LLC has a M-score of -0.20 signals that the company is likely to be a manipulator.
Thank you for viewing the detailed overview of Oaktree Capital Group LLC's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven J Gilbert | director | 540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
Justin B. Beber | director | C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY ST., STE. 300, TORONTO A6 M5J 2T3 |
Bruce Flatt | director | C/O BROOKFIELD ASSET MANAGEMENT INC., 181 BAY STREET, P.O. BOX 762, TORONTO A6 M5J2T3 |
Bruce A Karsh | director, officer: See Remarks | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Daniel D Levin | officer: See Remarks | 333 S. GRAND AVENUE, 28 TH FLOOR, LOS ANGELES CA 90071 |
Larry W Keele | director | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Wayne G Pierson | director | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Todd E Molz | officer: See Remarks | C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Howard S Marks | director, officer: Co-Chairman | C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071 |
Sheldon M Stone | director, officer: Principal | C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071 |
David Richard Masson | director | 333 S GRAND AVENUE 28TH FL, LOS ANGELES CA 90071 |
Robert E Denham | director | MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071 |
John Frank | director, officer: Vice Chairman | C/O OAKTREE CAPITAL MANAGEMENT, 333 SOUTH GRAND 28TH FLOOR, LOS ANGELES CA 90071 |
Jay S Wintrob | director, officer: Chief Executive Officer | 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071 |
Marna C Whittington | director | 2959 BARLEY MILL ROAD, YORKLYN DE 19736 |
From GuruFocus
By OPM Insights Nelson Hsu • 09-10-2015
By Bram de Haas Bram de Haas • 09-17-2018
By Cody Eustice CodyEustice • 10-31-2014
By Bram de Haas Bram de Haas • 05-04-2018
By Robert Abbott Robert Abbott • 11-27-2017
By Bram de Haas Bram de Haas • 06-24-2018
By Marketwired Marketwired • 07-31-2018
By Holly LaFon Holly LaFon • 02-12-2014
By Ben Reynolds Ben Reynolds • 04-13-2017
By PRNewswire PRNewswire • 03-29-2019
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.