Snap Beneish M-Score Historical Data
The historical data trend for Snap'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.
Snap Beneish M-Score Chart
|
Snap Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.82 |
-2.58 |
-3.57 |
-3.19 |
-3.03 |
|
Snap Quarterly Data
|
|
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.19 |
-3.06 |
-3.14 |
-3.13 |
-3.03 |
Competitive Comparison of Snap's Beneish M-Score
For the Internet Content & Information subindustry, Snap'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.
Snap's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Snap's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Snap's Beneish M-Score falls into.
Snap 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 Snap 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 * 0.8035 | + | 0.528 * 1.0005 | + | 0.404 * 0.9774 | + | 0.892 * 3.6733 | + | 0.115 * 1.0427 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8694 | + | 4.679 * -0.124774 | - | 0.327 * 1.0033 |
| = | -0.84 |
* 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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Total Receivables was ARS1,361,957 Mil.
Revenue was 1572855.846 + 1304631.53 + 1107525.728 + 1006596.27 = ARS4,991,609 Mil.
Gross Profit was 894479.239 + 697350.453 + 580146.98 + 522370.229 = ARS2,694,347 Mil.
Total Current Assets was ARS4,955,825 Mil.
Total Assets was ARS8,015,712 Mil.
Property, Plant and Equipment(Net PPE) was ARS1,029,724 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS146,013 Mil.
Selling, General, & Admin. Expense(SGA) was ARS1,832,117 Mil.
Total Current Liabilities was ARS1,255,983 Mil.
Long-Term Debt & Capital Lease Obligation was ARS4,224,627 Mil.
Net Income was 9192.01 + -145661.267 + -222639.207 + -257038.329 = ARS-616,147 Mil.
Non Operating Income was 8465.82 + -4139.427 + -18619.236 + -68.243 = ARS-14,361 Mil.
Cash Flow from Operations was 232939.332 + 110136.331 + -19143.103 + 74436.561 = ARS398,369 Mil.
|
Total Receivables was ARS461,422 Mil.
Revenue was 491424.607 + 415933.434 + 256240.558 + 195299.515 = ARS1,358,898 Mil.
Gross Profit was 267061.663 + 221447.666 + 136990.799 + 108380.279 = ARS733,880 Mil.
Total Current Assets was ARS1,796,279 Mil.
Total Assets was ARS2,876,361 Mil.
Property, Plant and Equipment(Net PPE) was ARS334,715 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS49,793 Mil.
Selling, General, & Admin. Expense(SGA) was ARS573,697 Mil.
Total Current Liabilities was ARS409,417 Mil.
Long-Term Debt & Capital Lease Obligation was ARS1,550,740 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) |
| = | (1361956.734 / 4991609.374) | / | (461421.536 / 1358898.114) |
| = | 0.272849 | / | 0.339556 |
| | = | 0.8035 |
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) |
| = | (733880.407 / 1358898.114) | / | (2694346.901 / 4991609.374) |
| = | 0.540056 | / | 0.539775 |
| | = | 1.0005 |
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 - (4955824.62 + 1029724.3) / 8015711.56) | / | (1 - (1796279.325 + 334714.868) / 2876360.641) |
| = | 0.253273 | / | 0.259135 |
| | = | 0.9774 |
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 |
| = | 4991609.374 | / | 1358898.114 |
| | = | 3.6733 |
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)) |
| = | (49792.885 / (49792.885 + 334714.868)) | / | (146013.251 / (146013.251 + 1029724.3)) |
| = | 0.129498 | / | 0.124189 |
| | = | 1.0427 |
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) |
| = | (1832116.664 / 4991609.374) | / | (573697.083 / 1358898.114) |
| = | 0.367039 | / | 0.422178 |
| | = | 0.8694 |
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) |
| = | ((4224627.032 + 1255983.493) / 8015711.56) | / | ((1550740.12 + 409416.598) / 2876360.641) |
| = | 0.683734 | / | 0.681471 |
| | = | 1.0033 |
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 |
| = | (-616146.793 - -14361.086 | - | 398369.121) | / | 8015711.56 |
| | = | -0.124774 |
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.
Snap has a M-score of -0.84 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BUE:SNAP has been successfully added to your