Boohoo Group Beneish M-Score Historical Data
The historical data trend for Boohoo Group'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.
Boohoo Group Beneish M-Score Chart
|
Boohoo Group Annual Data
|
|
Trend |
Feb15 |
Feb16 |
Feb17 |
Feb18 |
Feb19 |
Feb20 |
Feb21 |
Feb22 |
Feb23 |
Feb24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.50 |
-2.52 |
-1.90 |
-3.74 |
-3.30 |
|
Boohoo Group Semi-Annual Data
|
|
Aug14 |
Feb15 |
Aug15 |
Feb16 |
Aug16 |
Feb17 |
Aug17 |
Feb18 |
Aug18 |
Feb19 |
Aug19 |
Feb20 |
Aug20 |
Feb21 |
Aug21 |
Feb22 |
Aug22 |
Feb23 |
Aug23 |
Feb24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.90 |
- |
-3.74 |
- |
-3.30 |
Competitive Comparison of Boohoo Group's Beneish M-Score
For the Internet Retail subindustry, Boohoo Group'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.
Boohoo Group's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Boohoo Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Boohoo Group's Beneish M-Score falls into.
Boohoo Group 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 Boohoo Group 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 * 0.9957 | + | 0.528 * 0.978 | + | 0.404 * 1.111 | + | 0.892 * 0.8636 | + | 0.115 * 0.7277 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.134 | + | 4.679 * -0.129905 | - | 0.327 * 1.111 |
| = | -3.27 |
* 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 (Feb24) TTM: | Last Year (Feb23) TTM: |
Total Receivables was $24 Mil.
Revenue was $1,845 Mil.
Gross Profit was $955 Mil.
Total Current Assets was $599 Mil.
Total Assets was $1,358 Mil.
Property, Plant and Equipment(Net PPE) was $549 Mil.
Depreciation, Depletion and Amortization(DDA) was $107 Mil.
Selling, General, & Admin. Expense(SGA) was $1,142 Mil.
Total Current Liabilities was $419 Mil.
Long-Term Debt & Capital Lease Obligation was $552 Mil.
Net Income was $-174 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $2 Mil.
|
Total Receivables was $28 Mil.
Revenue was $2,136 Mil.
Gross Profit was $1,081 Mil.
Total Current Assets was $661 Mil.
Total Assets was $1,480 Mil.
Property, Plant and Equipment(Net PPE) was $614 Mil.
Depreciation, Depletion and Amortization(DDA) was $83 Mil.
Selling, General, & Admin. Expense(SGA) was $1,166 Mil.
Total Current Liabilities was $408 Mil.
Long-Term Debt & Capital Lease Obligation was $545 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) |
| = | (23.99 / 1844.697) | / | (27.899 / 2136.111) |
| = | 0.013005 | / | 0.013061 |
| | = | 0.9957 |
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) |
| = | (1081.159 / 2136.111) | / | (954.672 / 1844.697) |
| = | 0.506134 | / | 0.517522 |
| | = | 0.978 |
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 - (598.737 + 549.116) / 1357.828) | / | (1 - (660.749 + 613.527) / 1480.314) |
| = | 0.15464 | / | 0.139185 |
| | = | 1.111 |
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 |
| = | 1844.697 | / | 2136.111 |
| | = | 0.8636 |
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)) |
| = | (82.85 / (82.85 + 613.527)) | / | (107.323 / (107.323 + 549.116)) |
| = | 0.118973 | / | 0.163493 |
| | = | 0.7277 |
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) |
| = | (1141.793 / 1844.697) | / | (1165.942 / 2136.111) |
| = | 0.61896 | / | 0.545825 |
| | = | 1.134 |
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) |
| = | ((552.273 + 419.192) / 1357.828) | / | ((545.29 + 407.971) / 1480.314) |
| = | 0.715455 | / | 0.643959 |
| | = | 1.111 |
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 |
| = | (-173.99 - 0 | - | 2.399) | / | 1357.828 |
| | = | -0.129905 |
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.
Boohoo Group has a M-score of -3.27 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BHOOY has been successfully added to your