Celadon Group Beneish M-Score Historical Data
The historical data trend for Celadon 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.
Celadon Group Beneish M-Score Chart
|
Celadon Group Annual Data
|
|
Trend |
Jun07 |
Jun08 |
Jun09 |
Jun10 |
Jun11 |
Jun12 |
Jun13 |
Jun14 |
Jun15 |
Jun16 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.32 |
-2.83 |
-2.50 |
-2.22 |
-2.01 |
|
Celadon Group Quarterly Data
|
|
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
Dec15 |
Mar16 |
Jun16 |
Sep16 |
Dec16 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.29 |
-2.10 |
-2.01 |
-2.13 |
-1.90 |
Celadon Group Beneish M-Score Competitor Comparison
For the Trucking subindustry, Celadon 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.
Celadon Group Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Celadon Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Celadon Group's Beneish M-Score falls into.
Celadon 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 Celadon 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 * 0.865 | + | 0.528 * 0.984 | + | 0.404 * 2.7729 | + | 0.892 * 1.0274 | + | 0.115 * 0.9094 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.116 | + | 4.679 * -0.036045 | - | 0.327 * 0.8918 |
| = | -2.04 |
* 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 (Dec16) TTM: | Last Year (Dec15) TTM: |
Total Receivables was $134 Mil.
Revenue was 265.725 + 265.04 + 264.262 + 259.574 = $1,055 Mil.
Gross Profit was 216.306 + 219.594 + 220.335 + 219.455 = $876 Mil.
Total Current Assets was $195 Mil.
Total Assets was $982 Mil.
Property, Plant and Equipment(Net PPE) was $611 Mil.
Depreciation, Depletion and Amortization(DDA) was $75 Mil.
Selling, General, & Admin. Expense(SGA) was $426 Mil.
Total Current Liabilities was $213 Mil.
Long-Term Debt & Capital Lease Obligation was $296 Mil.
Net Income was -1.525 + -2.852 + 1.624 + 5.239 = $2 Mil.
Non Operating Income was 2.371 + 1.339 + 1.819 + 1.973 = $8 Mil.
Cash Flow from Operations was 67.491 + -9.016 + -9.689 + -18.416 = $30 Mil.
|
Total Receivables was $151 Mil.
Revenue was 275.399 + 266.121 + 253.268 + 231.702 = $1,026 Mil.
Gross Profit was 230.468 + 220.787 + 205.009 + 182.45 = $839 Mil.
Total Current Assets was $341 Mil.
Total Assets was $1,169 Mil.
Property, Plant and Equipment(Net PPE) was $753 Mil.
Depreciation, Depletion and Amortization(DDA) was $83 Mil.
Selling, General, & Admin. Expense(SGA) was $371 Mil.
Total Current Liabilities was $207 Mil.
Long-Term Debt & Capital Lease Obligation was $472 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) |
| = | (133.985 / 1054.601) | / | (150.772 / 1026.49) |
| = | 0.127048 | / | 0.146881 |
| | = | 0.865 |
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) |
| = | (838.714 / 1026.49) | / | (875.69 / 1054.601) |
| = | 0.81707 | / | 0.830352 |
| | = | 0.984 |
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 - (194.629 + 610.777) / 981.722) | / | (1 - (340.829 + 752.809) / 1169.379) |
| = | 0.179599 | / | 0.06477 |
| | = | 2.7729 |
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 |
| = | 1054.601 | / | 1026.49 |
| | = | 1.0274 |
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)) |
| = | (83.134 / (83.134 + 752.809)) | / | (74.99 / (74.99 + 610.777)) |
| = | 0.099449 | / | 0.109352 |
| | = | 0.9094 |
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) |
| = | (425.682 / 1054.601) | / | (371.273 / 1026.49) |
| = | 0.403643 | / | 0.361692 |
| | = | 1.116 |
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) |
| = | ((296.115 + 212.501) / 981.722) | / | ((472.037 + 207.31) / 1169.379) |
| = | 0.518086 | / | 0.580947 |
| | = | 0.8918 |
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 |
| = | (2.486 - 7.502 | - | 30.37) | / | 981.722 |
| | = | -0.036045 |
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.
Celadon Group has a M-score of -2.04 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CGIP has been successfully added to your 
