Mr. Cooper Group Beneish M-Score Historical Data
The historical data trend for Mr. Cooper 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.
|
Mr. Cooper Group Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.39 |
-2.42 |
-3.56 |
-3.47 |
-2.63 |
|
Mr. Cooper Group Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.47 |
-3.18 |
-2.61 |
-2.73 |
-2.63 |
Competitive Comparison
For the Mortgage Finance subindustry, Mr. Cooper 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.
Mr. Cooper Group Beneish M-Score Distribution
For the Banks industry and Financial Services sector, Mr. Cooper Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mr. Cooper Group's Beneish M-Score falls into.
Mr. Cooper 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 Mr. Cooper 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 * 1.1471 | + | 0.528 * 1.1194 | + | 0.404 * 1.0232 | + | 0.892 * 0.8521 | + | 0.115 * 0.8687 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.3018 | + | 4.679 * -0.030783 | - | 0.327 * 1.0381 |
| = | -2.63 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $996 Mil.
Revenue was 563 + 741 + 603 + 415 = $2,322 Mil.
Gross Profit was 240 + 429 + 325 + 157 = $1,151 Mil.
Total Current Assets was $2,663 Mil.
Total Assets was $14,196 Mil.
Property, Plant and Equipment(Net PPE) was $53 Mil.
Depreciation, Depletion and Amortization(DDA) was $38 Mil.
Selling, General, & Admin. Expense(SGA) was $538 Mil.
Total Current Liabilities was $6,297 Mil.
Long-Term Debt & Capital Lease Obligation was $3,151 Mil.
Net Income was 46 + 275 + 142 + 37 = $500 Mil.
Non Operating Income was -3 + 58 + -5 + -9 = $41 Mil.
Cash Flow from Operations was 124 + 623 + -11 + 160 = $896 Mil.
|
Total Receivables was $1,019 Mil.
Revenue was 395 + 593 + 649 + 1088 = $2,725 Mil.
Gross Profit was 117 + 306 + 335 + 754 = $1,512 Mil.
Total Current Assets was $2,614 Mil.
Total Assets was $12,776 Mil.
Property, Plant and Equipment(Net PPE) was $65 Mil.
Depreciation, Depletion and Amortization(DDA) was $37 Mil.
Selling, General, & Admin. Expense(SGA) was $485 Mil.
Total Current Liabilities was $5,518 Mil.
Long-Term Debt & Capital Lease Obligation was $2,673 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) |
| = | (996 / 2322) | / | (1019 / 2725) |
| = | 0.428941 | / | 0.373945 |
| | = | 1.1471 |
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) |
| = | (1512 / 2725) | / | (1151 / 2322) |
| = | 0.554862 | / | 0.495693 |
| | = | 1.1194 |
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 - (2663 + 53) / 14196) | / | (1 - (2614 + 65) / 12776) |
| = | 0.808679 | / | 0.79031 |
| | = | 1.0232 |
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 |
| = | 2322 | / | 2725 |
| | = | 0.8521 |
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)) |
| = | (37 / (37 + 65)) | / | (38 / (38 + 53)) |
| = | 0.362745 | / | 0.417582 |
| | = | 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) |
| = | (538 / 2322) | / | (485 / 2725) |
| = | 0.231697 | / | 0.177982 |
| | = | 1.3018 |
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) |
| = | ((3151 + 6297) / 14196) | / | ((2673 + 5518) / 12776) |
| = | 0.66554 | / | 0.641124 |
| | = | 1.0381 |
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 |
| = | (500 - 41 | - | 896) | / | 14196 |
| | = | -0.030783 |
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.
Mr. Cooper Group has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
COOP has been successfully added to your