Perry Ellis International (Perry Ellis International) Beneish M-Score : 0.00 (As of May. 12, 2024)

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What is Perry Ellis International Beneish M-Score?

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 Perry Ellis International's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Perry Ellis International was 0.00. The lowest was 0.00. And the median was 0.00.

Perry Ellis International Beneish M-Score Historical Data

The historical data trend for Perry Ellis International'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.

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Perry Ellis International Beneish M-Score Chart

Perry Ellis International Annual Data

Trend

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Beneish M-Score

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-2.60

-3.19

-2.63

-2.61

-2.21

Perry Ellis International Quarterly Data
	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18
Beneish M-Score	Get a 7-Day Free Trial															-2.65	-2.55	-2.21	-2.19	-2.09

Competitive Comparison of Perry Ellis International's Beneish M-Score

For the Apparel Manufacturing subindustry, Perry Ellis International'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.

Perry Ellis International's Beneish M-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Perry Ellis International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Perry Ellis International's Beneish M-Score falls into.

Perry Ellis International 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 Perry Ellis International for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0274

0.528 * 0.9926

0.404 * 1.0205

0.892 * 1.0399

0.115 * 0.9544

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9917

4.679 * 0.052471

0.327 * 0.8041

-2.11

This Year (Jul18) TTM:

Last Year (Jul17) TTM:

Total Receivables was $140.5 Mil.
Revenue was 199.277 + 255.234 + 227.316 + 198.838 = $880.7 Mil.
Gross Profit was 75.832 + 93.867 + 88.528 + 74.078 = $332.3 Mil.
Total Current Assets was $312.7 Mil.
Total Assets was $554.7 Mil.
Property, Plant and Equipment(Net PPE) was $54.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $14.2 Mil.
Selling, General, & Admin. Expense(SGA) was $285.7 Mil.
Total Current Liabilities was $104.9 Mil.
Long-Term Debt & Capital Lease Obligation was $39.2 Mil.
Net Income was -3.265 + 10.247 + 39.685 + 3.215 = $49.9 Mil.
Non Operating Income was -0.134 + 0 + 0 + 0 = $-0.1 Mil.
Cash Flow from Operations was 74.138 + -43.078 + -3.183 + -6.965 = $20.9 Mil.

Total Receivables was $131.5 Mil.
Revenue was 206.609 + 242.09 + 204.18 + 193.959 = $846.8 Mil.
Gross Profit was 76.48 + 91.088 + 78.49 + 71.103 = $317.2 Mil.
Total Current Assets was $322.2 Mil.
Total Assets was $570.7 Mil.
Property, Plant and Equipment(Net PPE) was $59.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $14.7 Mil.
Selling, General, & Admin. Expense(SGA) was $277.0 Mil.
Total Current Liabilities was $101.6 Mil.
Long-Term Debt & Capital Lease Obligation was $82.9 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)
	=	(140.453 / 880.665)	/	(131.455 / 846.838)
	=	0.159485	/	0.15523
	=	1.0274

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)
	=	(317.161 / 846.838)	/	(332.305 / 880.665)
	=	0.374524	/	0.377334
	=	0.9926

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 - (312.659 + 54.246) / 554.666)	/	(1 - (322.153 + 59.272) / 570.746)
	=	0.338512	/	0.331708
	=	1.0205

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
	=	880.665	/	846.838
	=	1.0399

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))
	=	(14.68 / (14.68 + 59.272))	/	(14.245 / (14.245 + 54.246))
	=	0.198507	/	0.207984
	=	0.9544

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)
	=	(285.708 / 880.665)	/	(277.042 / 846.838)
	=	0.324423	/	0.327149
	=	0.9917

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)
	=	((39.229 + 104.926) / 554.666)	/	((82.897 + 101.584) / 570.746)
	=	0.259895	/	0.323228
	=	0.8041

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
	=	(49.882 - -0.134	-	20.912)	/	554.666
	=	0.052471

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.

Perry Ellis International has a M-score of -2.11 suggests that the company is unlikely to be a manipulator.

Perry Ellis International Beneish M-Score Related Terms

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Perry Ellis International (Perry Ellis International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Perry Ellis International Inc (NAS:PERY) » Definitions » Beneish M-Score

Traded in Other Exchanges

N/A

Address

Website

http://www.pery.com

Perry Ellis manufactures apparel and accessories that it sells under its own brand names or via licensed brands. Notable company-owned brands include Original Penguin and Perry Ellis. Licenses are primarily for golf apparel or swimwear. The company is the official apparel licensee for Callaway Golf and the official swimwear licensee in North America for Nike. Perry Ellis primarily distributes its products to wholesale customers, which sell through channels including department stores, specialty stores, sporting goods stores, and e-commerce. The company also maintains its own Perry Ellis and Original Penguin retail stores. The majority of the firm's revenue is generated in the men's sportswear and swim segment and from sales in the United States.

Executives

Bruce J Klatsky	director	3000 NW 107TH AVENUE, MIAMI FL 33172
Michael W Rayden	director
Jane E. Deflorio	director	3000 N.W. 107TH AVENUE, MIAMI FL 33172
Anita D Britt	officer: Chief Financial Officer	3000 NW 107TH AVENUE, MIAMI FL 33172
Barry S Gluck	director
George Pita	officer: Sr. Vice President - Finance	3000 NW 107TH AVENUE, MIAMI FL 33172
Timothy B Page	officer: Chief Financial Officer	3000 NW 107TH AVE MIAMI FL 33172
De Cardenas Alberto I	officer: Senior VP and General Counsel	800 S DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES X1 33134