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Bird Global (Bird Global) Beneish M-Score : -2.84 (As of Apr. 25, 2024)


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What is Bird Global 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.

Good Sign:

Beneish M-Score -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Bird Global's Beneish M-Score or its related term are showing as below:

BRDSQ' s Beneish M-Score Range Over the Past 10 Years
Min: -7.86   Med: -2.89   Max: 10.7
Current: -2.84

During the past 4 years, the highest Beneish M-Score of Bird Global was 10.70. The lowest was -7.86. And the median was -2.89.


Bird Global Beneish M-Score Historical Data

The historical data trend for Bird Global'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.

* Premium members only.

Bird Global Beneish M-Score Chart

Bird Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Beneish M-Score
- - - -7.76

Bird Global Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.70 -7.76 -7.86 -2.89 -2.84

Competitive Comparison of Bird Global's Beneish M-Score

For the Rental & Leasing Services subindustry, Bird Global'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.


Bird Global's Beneish M-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bird Global's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bird Global's Beneish M-Score falls into.



Bird Global 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 Bird Global 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 * 0.2979+0.528 * 0.1103+0.404 * 7.309+0.892 * 0.899+0.115 * 1.0073
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5101+4.679 * -0.360111-0.327 * 1.3237
=-2.84

* 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 $3.5 Mil.
Revenue was 54.33 + 48.334 + 29.537 + 69.661 = $201.9 Mil.
Gross Profit was 19.239 + 19.35 + 5.085 + 29.411 = $73.1 Mil.
Total Current Assets was $28.9 Mil.
Total Assets was $222.4 Mil.
Property, Plant and Equipment(Net PPE) was $150.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $48.8 Mil.
Selling, General, & Admin. Expense(SGA) was $148.2 Mil.
Total Current Liabilities was $155.5 Mil.
Long-Term Debt & Capital Lease Obligation was $83.2 Mil.
Net Income was -19.812 + -9.31 + -44.318 + -36.407 = $-109.8 Mil.
Non Operating Income was -0.021 + 7.526 + -5.979 + -2.816 = $-1.3 Mil.
Cash Flow from Operations was 6.985 + -1.843 + -21.669 + -11.928 = $-28.5 Mil.
Total Receivables was $13.2 Mil.
Revenue was 72.859 + 66.765 + 35.375 + 49.536 = $224.5 Mil.
Gross Profit was 27.711 + -23.242 + 0.82 + 3.678 = $9.0 Mil.
Total Current Assets was $117.1 Mil.
Total Assets was $294.0 Mil.
Property, Plant and Equipment(Net PPE) was $169.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $55.5 Mil.
Selling, General, & Admin. Expense(SGA) was $323.1 Mil.
Total Current Liabilities was $238.3 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 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)
=(3.548 / 201.862) / (13.248 / 224.535)
=0.017576 / 0.059002
=0.2979

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)
=(8.967 / 224.535) / (73.085 / 201.862)
=0.039936 / 0.362054
=0.1103

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 - (28.917 + 150.24) / 222.437) / (1 - (117.148 + 169.043) / 294.018)
=0.194572 / 0.026621
=7.309

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
=201.862 / 224.535
=0.899

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))
=(55.472 / (55.472 + 169.043)) / (48.826 / (48.826 + 150.24))
=0.247075 / 0.245275
=1.0073

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)
=(148.158 / 201.862) / (323.087 / 224.535)
=0.733957 / 1.438916
=0.5101

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)
=((83.16 + 155.455) / 222.437) / ((0 + 238.276) / 294.018)
=1.072731 / 0.810413
=1.3237

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
=(-109.847 - -1.29 - -28.455) / 222.437
=-0.360111

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.

Bird Global has a M-score of -2.84 suggests that the company is unlikely to be a manipulator.


Bird Global Beneish M-Score Related Terms

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Bird Global (Bird Global) Business Description

Traded in Other Exchanges
N/A
Address
392 North East 191st Street, No. 20388, Miami, FL, USA, 33179
Bird Global Inc is a micro-mobility company engaged in delivering electric transportation solutions for short distances. It partners with cities to bring lightweight, electric vehicles to residents and visitors to replace car trips by providing an alternative sustainable transportation option. The company operates in North America, Europe, Middle East and Africa and Other countries.
Executives
John Ivan Bitove director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Hoselito Joseph Prodan officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Michael Washinushi officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Stewart Lyons officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Travis Vanderzanden director, 10 percent owner, officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Shane Torchiana officer: Chief Operating Officer 1425 BRICKELL AVE, UNIT 58E, MIAMI FL 33131
Jeffrey Vance officer: Corporate Controller IMAX CORPORATION, 2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K 1B1
Philip Keebler Ryan director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET #20388, MIAMI FL 33179
Philip Evershed director C/O BIRD GLOBAL, INC., 392 N 191ST STREET #20388 FL 33179
Antonio Occhionero director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Kevin Talbot director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Lance Bradley officer: Chief Technology Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Ben Lu officer: Chief Financial Officer C/O BIRD RIDES, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Gregory Alan Wright officer: Controller C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Yibo Ling officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179