Collins Foods Beneish M-Score Historical Data
The historical data trend for Collins Foods'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.
Collins Foods Beneish M-Score Chart
|
Collins Foods Annual Data
|
|
Trend |
Apr14 |
Apr15 |
Apr16 |
Apr17 |
Apr18 |
Apr19 |
Apr20 |
Apr21 |
Apr22 |
Apr23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.69 |
-3.16 |
-3.02 |
-2.46 |
0.11 |
|
Collins Foods Semi-Annual Data
|
|
Apr14 |
Oct14 |
Apr15 |
Oct15 |
Apr16 |
Oct16 |
Apr17 |
Oct17 |
Apr18 |
Oct18 |
Apr19 |
Oct19 |
Apr20 |
Oct20 |
Apr21 |
Oct21 |
Apr22 |
Oct22 |
Apr23 |
Oct23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.46 |
- |
0.11 |
- |
Competitive Comparison of Collins Foods's Beneish M-Score
For the Restaurants subindustry, Collins Foods'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.
Collins Foods's Beneish M-Score Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Collins Foods's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Collins Foods's Beneish M-Score falls into.
Collins Foods 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 Collins Foods 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 * 4.2028 | + | 0.528 * 1.0474 | + | 0.404 * 0.9887 | + | 0.892 * 1.1385 | + | 0.115 * 1.0083 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0816 | + | 4.679 * -0.100916 | - | 0.327 * 1.0438 |
| = | 0.11 |
* 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 (Apr23) TTM: | Last Year (Apr22) TTM: |
Total Receivables was A$20 Mil.
Revenue was A$1,349 Mil.
Gross Profit was A$676 Mil.
Total Current Assets was A$130 Mil.
Total Assets was A$1,370 Mil.
Property, Plant and Equipment(Net PPE) was A$690 Mil.
Depreciation, Depletion and Amortization(DDA) was A$98 Mil.
Selling, General, & Admin. Expense(SGA) was A$502 Mil.
Total Current Liabilities was A$179 Mil.
Long-Term Debt & Capital Lease Obligation was A$799 Mil.
Net Income was A$13 Mil.
Gross Profit was A$5 Mil.
Cash Flow from Operations was A$146 Mil.
|
Total Receivables was A$4 Mil.
Revenue was A$1,185 Mil.
Gross Profit was A$622 Mil.
Total Current Assets was A$114 Mil.
Total Assets was A$1,283 Mil.
Property, Plant and Equipment(Net PPE) was A$649 Mil.
Depreciation, Depletion and Amortization(DDA) was A$93 Mil.
Selling, General, & Admin. Expense(SGA) was A$408 Mil.
Total Current Liabilities was A$166 Mil.
Long-Term Debt & Capital Lease Obligation was A$711 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) |
| = | (20.099 / 1348.614) | / | (4.2 / 1184.521) |
| = | 0.014903 | / | 0.003546 |
| | = | 4.2028 |
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) |
| = | (622.163 / 1184.521) | / | (676.269 / 1348.614) |
| = | 0.525244 | / | 0.501455 |
| | = | 1.0474 |
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 - (130.305 + 690.338) / 1370.372) | / | (1 - (113.854 + 648.567) / 1282.971) |
| = | 0.401153 | / | 0.405738 |
| | = | 0.9887 |
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 |
| = | 1348.614 | / | 1184.521 |
| | = | 1.1385 |
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)) |
| = | (93.095 / (93.095 + 648.567)) | / | (98.154 / (98.154 + 690.338)) |
| = | 0.125522 | / | 0.124483 |
| | = | 1.0083 |
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) |
| = | (502.151 / 1348.614) | / | (407.79 / 1184.521) |
| = | 0.372346 | / | 0.344266 |
| | = | 1.0816 |
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) |
| = | ((798.729 + 179.158) / 1370.372) | / | ((710.617 + 166.489) / 1282.971) |
| = | 0.713592 | / | 0.683652 |
| | = | 1.0438 |
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 |
| = | (12.746 - 4.823 | - | 146.216) | / | 1370.372 |
| | = | -0.100916 |
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.
Collins Foods has a M-score of 0.11 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:CKF has been successfully added to your