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Computer Programs and Systems Beneish M-Score

: -3.01 (As of Today)
View and export this data going back to 2002. Start your Free Trial

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 -3.01 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NAS:CPSI' s Beneish M-Score Range Over the Past 10 Years
Min: -3.43   Med: -2.57   Max: 24.22
Current: -3.01

-3.43
24.22

During the past 13 years, the highest Beneish M-Score of Computer Programs and Systems was 24.22. The lowest was -3.43. And the median was -2.57.


Computer Programs and Systems Beneish M-Score Historical Data

The historical data trend for Computer Programs and Systems'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.

Computer Programs and Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.89 -2.56 -2.50 -2.82 -3.10

Computer Programs and Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Beneish M-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.03 -3.10 -3.16 -3.00 -3.01

Competitive Comparison

For the Health Information Services subindustry, Computer Programs and Systems'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.

   

Computer Programs and Systems Beneish M-Score Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Computer Programs and Systems's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Computer Programs and Systems's Beneish M-Score falls into.



Computer Programs and Systems 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 Computer Programs and Systems 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 * 0.8891+0.528 * 1.0163+0.404 * 1.0456+0.892 * 1.0194+0.115 * 0.8841
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0281+4.679 * -0.0927-0.327 * 1.0704
=-3.01

* 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 (Sep21) TTM:Last Year (Sep20) TTM:
Accounts Receivable was $30.5 Mil.
Revenue was 70.091 + 68.533 + 68.005 + 66.849 = $273.5 Mil.
Gross Profit was 35.289 + 33.888 + 34.85 + 34.608 = $138.6 Mil.
Total Current Assets was $71.0 Mil.
Total Assets was $387.4 Mil.
Property, Plant and Equipment(Net PPE) was $19.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $15.6 Mil.
Selling, General, & Admin. Expense(SGA) was $71.7 Mil.
Total Current Liabilities was $41.6 Mil.
Long-Term Debt & Capital Lease Obligation was $117.1 Mil.
Net Income was 2.744 + 6.141 + 4.144 + 3.123 = $16.2 Mil.
Non Operating Income was 0.123 + 0.224 + 0.814 + 0.253 = $1.4 Mil.
Cash Flow from Operations was 1.33 + 19.434 + 13.71 + 16.161 = $50.6 Mil.
Accounts Receivable was $33.7 Mil.
Revenue was 68.333 + 59.549 + 69.757 + 70.638 = $268.3 Mil.
Gross Profit was 35.418 + 30.106 + 36.113 + 36.585 = $138.2 Mil.
Total Current Assets was $68.3 Mil.
Total Assets was $332.1 Mil.
Property, Plant and Equipment(Net PPE) was $20.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $13.2 Mil.
Selling, General, & Admin. Expense(SGA) was $68.4 Mil.
Total Current Liabilities was $35.5 Mil.
Long-Term Debt & Capital Lease Obligation was $91.6 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Accounts Receivable 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)
=(30.542 / 273.478) / (33.698 / 268.277)
=0.11167992 / 0.12560898
=0.8891

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)
=(138.222 / 268.277) / (138.635 / 273.478)
=0.51522121 / 0.50693292
=1.0163

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 - (70.977 + 19.524) / 387.382) / (1 - (68.278 + 20.419) / 332.107)
=0.76637789 / 0.73292644
=1.0456

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
=273.478 / 268.277
=1.0194

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))
=(13.202 / (13.202 + 20.419)) / (15.599 / (15.599 + 19.524))
=0.39267125 / 0.44412493
=0.8841

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)
=(71.678 / 273.478) / (68.395 / 268.277)
=0.26209787 / 0.25494172
=1.0281

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)
=((117.098 + 41.614) / 387.382) / ((91.601 + 35.517) / 332.107)
=0.40970412 / 0.38276218
=1.0704

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
=(16.152 - 1.414 - 50.635) / 387.382
=-0.0927

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.

Computer Programs and Systems has a M-score of -3.01 suggests that the company is unlikely to be a manipulator.


Computer Programs and Systems Beneish M-Score Related Terms

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Computer Programs and Systems Business Description

Computer Programs and Systems logo
Industry
Traded in Other Exchanges
Address
6600 Wall Street, Mobile, AL, USA, 36695
Computer Programs and Systems Inc is a provider of healthcare solutions and services for community hospitals and post-acute care facilities. The company's segment includes Acute Care EHR, Post-acute Care EHR, and TruBridge. Acute Care EHR segment consists of acute care software solutions and support sales generated by Evident and Health and. Post-acute Care EHR segment consists of post-acute care software solutions and support sales generated by AHT, and TruBridge segment primarily consists of business management, consulting and managed IT services sales generated by TruBridge and the sale of Rycan's revenue cycle management workflow and automation software. It generates a majority of its revenue from the Acute Care EHR segment.
Executives
Strong Jeffrey A. director 157 COLUMBUS AVE SUITE 403 NEW YORK CITY NY 10023
Douglas John B Jr director, officer: President and CEO 333 DALEWOOD DR. MOBILE AL 36608
Schneider Victor S officer: Executive Vice President 5 DEMOUY AVE. MOBILE AL 36606
Fowler Christopher L officer: COO and President (TruBridge) 6600 WALL STREET MOBILE AL 36695
Britain James B officer: VP - Finance and Controller 6600 WALL STREET MOBILE AL 36695
Hinckle Robert D officer: Senior VP - Client Services COMPUTER PROGRAMS AND SYSTEMS, INC. 6600 WALL STREET MOBILE AL 36695
Rosser Troy D officer: Senior Vice President - Sales COMPUTER PROGRAMS & SYSTEMS, INC. 6600 WALL STREET MOBILE AL 36695
Chambless Matt J officer: CFO, Secretary & Treasurer 6600 WALL STREET MOBILE AL 36695
Mulherin William A Iii director 228 S. MCGREGOR AVE MOBILE AL 36608
Tobin Glenn director CERNER CORP 2800 ROCKCREEK PARKWAY KANSAS CITY MO 64117
Warren Denise Wilder director 6600 WALL STREET MOBILE AL 36695
Benjamin Regina M. director 51 SAWYER ROAD, SUITE 200 WALTHAM MA 02453
Huffman Charles P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HUFFMAN CHARLES P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Hjelm Christopher T director C/O THE KROGER CO. 1014 VINE ST. CINCINNATI OH 45202
Outlaw Arthur Robert Jr director 6600 WALL STREET MOBILE AL 36695

Computer Programs and Systems Headlines

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