RPT Realty Beneish M-Score Historical Data
The historical data trend for RPT Realty'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.
RPT Realty Beneish M-Score Chart
|
RPT Realty Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.78 |
-2.64 |
-2.67 |
-2.72 |
-2.84 |
|
RPT Realty Quarterly Data
|
|
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.80 |
-2.84 |
-2.91 |
-3.06 |
-2.91 |
Competitive Comparison of RPT Realty's Beneish M-Score
For the REIT - Retail subindustry, RPT Realty'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.
RPT Realty's Beneish M-Score Distribution in the REITs Industry
For the REITs industry and Real Estate sector, RPT Realty's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where RPT Realty's Beneish M-Score falls into.
RPT Realty 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 RPT Realty 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 * 0.8378 | + | 0.528 * 1.0064 | + | 0.404 * 1.0041 | + | 0.892 * 0.9443 | + | 0.115 * 0.9911 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1127 | + | 4.679 * -0.050018 | - | 0.327 * 0.9432 |
| = | -2.91 |
* 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 (Sep23) TTM: | Last Year (Sep22) TTM: |
Total Receivables was $18.4 Mil.
Revenue was 54.888 + 51.051 + 52.247 + 51.549 = $209.7 Mil.
Gross Profit was 38.269 + 33.977 + 34.705 + 36.485 = $143.4 Mil.
Total Current Assets was $22.9 Mil.
Total Assets was $1,909.2 Mil.
Property, Plant and Equipment(Net PPE) was $16.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $70.6 Mil.
Selling, General, & Admin. Expense(SGA) was $38.3 Mil.
Total Current Liabilities was $97.9 Mil.
Long-Term Debt & Capital Lease Obligation was $837.2 Mil.
Net Income was -6.182 + 0.031 + 1.264 + 58.504 = $53.6 Mil.
Non Operating Income was -6.104 + 0.989 + 1.998 + 63.975 = $60.9 Mil.
Cash Flow from Operations was 26.018 + 27.082 + 18.805 + 16.348 = $88.3 Mil.
|
Total Receivables was $23.2 Mil.
Revenue was 54.73 + 55.288 + 56.089 + 55.996 = $222.1 Mil.
Gross Profit was 37.752 + 38.632 + 38.08 + 38.398 = $152.9 Mil.
Total Current Assets was $31.8 Mil.
Total Assets was $1,983.3 Mil.
Property, Plant and Equipment(Net PPE) was $17.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $70.2 Mil.
Selling, General, & Admin. Expense(SGA) was $36.4 Mil.
Total Current Liabilities was $165.2 Mil.
Long-Term Debt & Capital Lease Obligation was $864.7 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) |
| = | (18.377 / 209.735) | / | (23.228 / 222.103) |
| = | 0.08762 | / | 0.104582 |
| | = | 0.8378 |
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) |
| = | (152.862 / 222.103) | / | (143.436 / 209.735) |
| = | 0.688248 | / | 0.683892 |
| | = | 1.0064 |
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 - (22.944 + 16.759) / 1909.177) | / | (1 - (31.79 + 17.437) / 1983.251) |
| = | 0.979204 | / | 0.975179 |
| | = | 1.0041 |
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 |
| = | 209.735 | / | 222.103 |
| | = | 0.9443 |
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)) |
| = | (70.186 / (70.186 + 17.437)) | / | (70.611 / (70.611 + 16.759)) |
| = | 0.801 | / | 0.808184 |
| | = | 0.9911 |
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) |
| = | (38.271 / 209.735) | / | (36.424 / 222.103) |
| = | 0.182473 | / | 0.163996 |
| | = | 1.1127 |
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) |
| = | ((837.179 + 97.897) / 1909.177) | / | ((864.7 + 165.197) / 1983.251) |
| = | 0.48978 | / | 0.519297 |
| | = | 0.9432 |
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 |
| = | (53.617 - 60.858 | - | 88.253) | / | 1909.177 |
| | = | -0.050018 |
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.
RPT Realty has a M-score of -2.91 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RPT has been successfully added to your