Roundys Beneish M-Score Historical Data
The historical data trend for Roundys'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.
Roundys Beneish M-Score Chart
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Roundys Annual Data
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Trend |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
| Beneish M-Score |
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- |
- |
-3.01 |
-2.51 |
-2.65 |
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Roundys Quarterly Data
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Dec10 |
Mar11 |
Jun11 |
Sep11 |
Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
| Beneish M-Score |
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-2.93 |
-2.65 |
-3.09 |
-3.20 |
-2.81 |
Competitive Comparison of Roundys's Beneish M-Score
For the Grocery Stores subindustry, Roundys'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.
Roundys's Beneish M-Score Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Roundys's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Roundys's Beneish M-Score falls into.
Roundys 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 Roundys 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 * 0.8892 | + | 0.528 * 1.0118 | + | 0.404 * 1.0334 | + | 0.892 * 1.1088 | + | 0.115 * 1.0166 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0082 | + | 4.679 * -0.074802 | - | 0.327 * 0.9887 |
| = | -2.81 |
* 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 (Sep15) TTM: | Last Year (Sep14) TTM: |
Total Receivables was $41 Mil.
Revenue was 971.824 + 998.257 + 981.932 + 1075.752 = $4,028 Mil.
Gross Profit was 257.178 + 263.691 + 261.606 + 275.551 = $1,058 Mil.
Total Current Assets was $398 Mil.
Total Assets was $1,096 Mil.
Property, Plant and Equipment(Net PPE) was $326 Mil.
Depreciation, Depletion and Amortization(DDA) was $67 Mil.
Selling, General, & Admin. Expense(SGA) was $1,022 Mil.
Total Current Liabilities was $338 Mil.
Long-Term Debt & Capital Lease Obligation was $645 Mil.
Net Income was -8.834 + -1.515 + -2.331 + 6.136 = $-7 Mil.
Non Operating Income was -0.554 + -0.554 + -0.554 + 11.771 = $10 Mil.
Cash Flow from Operations was 13.101 + 26.126 + -5.392 + 31.471 = $65 Mil.
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Total Receivables was $41 Mil.
Revenue was 973.808 + 942.906 + 862.69 + 853.048 = $3,632 Mil.
Gross Profit was 258.226 + 248.955 + 230.502 + 227.774 = $965 Mil.
Total Current Assets was $410 Mil.
Total Assets was $1,090 Mil.
Property, Plant and Equipment(Net PPE) was $322 Mil.
Depreciation, Depletion and Amortization(DDA) was $68 Mil.
Selling, General, & Admin. Expense(SGA) was $914 Mil.
Total Current Liabilities was $338 Mil.
Long-Term Debt & Capital Lease Obligation was $650 Mil.
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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) |
| = | (40.867 / 4027.765) | / | (41.445 / 3632.452) |
| = | 0.010146 | / | 0.01141 |
| | = | 0.8892 |
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) |
| = | (965.457 / 3632.452) | / | (1058.026 / 4027.765) |
| = | 0.265787 | / | 0.262683 |
| | = | 1.0118 |
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 - (397.892 + 325.894) / 1095.674) | / | (1 - (410.162 + 321.592) / 1089.659) |
| = | 0.339415 | / | 0.328456 |
| | = | 1.0334 |
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 |
| = | 4027.765 | / | 3632.452 |
| | = | 1.1088 |
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)) |
| = | (67.725 / (67.725 + 321.592)) | / | (67.282 / (67.282 + 325.894)) |
| = | 0.173958 | / | 0.171124 |
| | = | 1.0166 |
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) |
| = | (1022.138 / 4027.765) | / | (914.332 / 3632.452) |
| = | 0.253773 | / | 0.251712 |
| | = | 1.0082 |
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) |
| = | ((644.871 + 338.225) / 1095.674) | / | ((650.436 + 338.394) / 1089.659) |
| = | 0.897252 | / | 0.907467 |
| | = | 0.9887 |
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 |
| = | (-6.544 - 10.109 | - | 65.306) | / | 1095.674 |
| | = | -0.074802 |
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.
Roundys has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Roundys (Roundys) Business Description
Traded in Other Exchanges
N/A
Address
Roundys, Inc. is a Midwest supermarket founded in 1872 as a privately owned food wholesaling company. The Company is a food retailer in the state of Wisconsin. It owns and operates 163 retail grocery stores, of which 121 are located in Wisconsin, 29 are located in Minnesota and 13 are located in Illinois. It also distributes a full line of food and non-food products from three wholesale distribution centers and provides services to one independent licensee retail grocery store in Wisconsin. The Company completed the initial public offering on February 13, 2012. Its stores feature expansive meat, produce, deli and other perishable products and specialty and prepared foods departments. It also offers a line of health and beauty care products and a selection of seasonal merchandise to maximize the conveniences offered to its customers. The Company operates retail grocery stores under its Pick 'n Save, Rainbow, Copps, Metro Market and Mariano's retail banners. Many of its product categories include natural and organic options, catering to its customers' focus on healthier eating choices. It provides its customers with a compelling one-stop shopping experience featuring a level of customer service in its attractive and convenient stores. The Company's products can be classified as non-perishable, perishable and non-food. Non-perishable food categories consist of grocery, frozen, and dairy products. Perishable categories include produce, meat, seafood, deli, bakery and floral. Non-food includes general merchandise, health and beauty care, pharmacy, and alcohol. It distributes personalized offers to customers via email/ digital communication, in-store coupons and direct mail communications based on specific behaviors, measured through its loyalty card activity. The Company competes with conventional, national and regional supercenters such as; New Albertson's, Inc., Costco, Target and Wal-Mart, Woodman's and Meijer's, Festival Foods and Piggly Wiggly, Aldi, Trader Joe's and Whole Foods, and local supermarkets, natural foods stores, smaller specialty stores and farmers' markets. The Company is subject to federal, state and local laws and regulations relating to zoning, land use, environmental protection, work place safety, public health, community right-to-know, alcoholic beverage sales, tobacco sales and pharmaceutical sales.
Executives
| Patrick J. Condon |
director |
505 SOUTH GILLETTE AVE., GILLETTE WY 82716 |
| Gregory P Josefowicz |
director |
850 76TH STREET SW, GRAND RAPIDS MI 49518 |
| Robert A Mariano |
director, officer: President, CEO and Chairman |
875 E WISCONSIN AVENUE, SUITE 100, MILWAUKEE WI 53202 |
| Darren W Karst |
officer: EVP, CFO & Assistant Secretary |
P.O. BOX 473 (MS-2030), MILWAUKEE WI 53201-0473 |
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