Somnigroup International Beneish M-Score Historical Data
The historical data trend for Somnigroup International'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.
Somnigroup International Beneish M-Score Chart
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Somnigroup International Annual Data
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Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
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-2.89 |
-2.45 |
-2.45 |
-2.69 |
-2.66 |
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Somnigroup International Quarterly Data
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Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
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Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
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-2.69 |
-2.72 |
-2.76 |
-2.84 |
-2.66 |
Competitive Comparison of Somnigroup International's Beneish M-Score
For the Furnishings, Fixtures & Appliances subindustry, Somnigroup International'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.
Somnigroup International's Beneish M-Score Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Somnigroup International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Somnigroup International's Beneish M-Score falls into.
Somnigroup International 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 Somnigroup International 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 * 1.054 | + | 0.528 * 0.977 | + | 0.404 * 1.3787 | + | 0.892 * 1.1077 | + | 0.115 * 0.8687 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0137 | + | 4.679 * -0.04642 | - | 0.327 * 0.9937 |
| = | -2.43 |
* 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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Total Receivables was R$2,468 Mil.
Revenue was 7369.398 + 7199.14 + 6644.293 + 5922.974 = R$27,136 Mil.
Gross Profit was 3193.263 + 3266.748 + 2984.977 + 2552.645 = R$11,998 Mil.
Total Current Assets was R$6,500 Mil.
Total Assets was R$36,486 Mil.
Property, Plant and Equipment(Net PPE) was R$8,602 Mil.
Depreciation, Depletion and Amortization(DDA) was R$911 Mil.
Selling, General, & Admin. Expense(SGA) was R$8,620 Mil.
Total Current Liabilities was R$5,859 Mil.
Long-Term Debt & Capital Lease Obligation was R$26,067 Mil.
Net Income was 438.662 + 719.914 + 571.465 + 379.959 = R$2,110 Mil.
Non Operating Income was 78.093 + 11.629 + 19.929 + 25.895 = R$136 Mil.
Cash Flow from Operations was 787.639 + 1420.999 + 811.147 + 648.37 = R$3,668 Mil.
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Total Receivables was R$2,114 Mil.
Revenue was 5735.216 + 6307.214 + 6162.743 + 6292.51 = R$24,498 Mil.
Gross Profit was 2512.617 + 2833.332 + 2632.162 + 2603.779 = R$10,582 Mil.
Total Current Assets was R$5,405 Mil.
Total Assets was R$22,313 Mil.
Property, Plant and Equipment(Net PPE) was R$7,422 Mil.
Depreciation, Depletion and Amortization(DDA) was R$673 Mil.
Selling, General, & Admin. Expense(SGA) was R$7,677 Mil.
Total Current Liabilities was R$4,450 Mil.
Long-Term Debt & Capital Lease Obligation was R$15,198 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) |
| = | (2467.855 / 27135.805) | / | (2113.774 / 24497.683) |
| = | 0.090945 | / | 0.086285 |
| | = | 1.054 |
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) |
| = | (10581.89 / 24497.683) | / | (11997.633 / 27135.805) |
| = | 0.431955 | / | 0.442133 |
| | = | 0.977 |
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 - (6500.005 + 8601.8) / 36486.42) | / | (1 - (5405.459 + 7422.217) / 22313.199) |
| = | 0.586098 | / | 0.425108 |
| | = | 1.3787 |
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 |
| = | 27135.805 | / | 24497.683 |
| | = | 1.1077 |
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)) |
| = | (673.17 / (673.17 + 7422.217)) | / | (910.603 / (910.603 + 8601.8)) |
| = | 0.083155 | / | 0.095728 |
| | = | 0.8687 |
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) |
| = | (8619.554 / 27135.805) | / | (7676.775 / 24497.683) |
| = | 0.317645 | / | 0.313367 |
| | = | 1.0137 |
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) |
| = | ((26066.523 + 5858.79) / 36486.42) | / | ((15198.2 + 4449.998) / 22313.199) |
| = | 0.874992 | / | 0.880564 |
| | = | 0.9937 |
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 |
| = | (2110 - 135.546 | - | 3668.155) | / | 36486.42 |
| | = | -0.04642 |
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.
Somnigroup International has a M-score of -2.43 suggests that the company is unlikely to be a manipulator.
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