EOG Resources Beneish M-Score Historical Data
The historical data trend for EOG Resources'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.
EOG Resources Beneish M-Score Chart
|
EOG Resources Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.11 |
-2.32 |
-2.11 |
-2.84 |
-3.09 |
|
EOG Resources 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.84 |
-2.72 |
-2.77 |
-3.16 |
-3.09 |
Competitive Comparison of EOG Resources's Beneish M-Score
For the Oil & Gas E&P subindustry, EOG Resources'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.
EOG Resources's Beneish M-Score Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, EOG Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where EOG Resources's Beneish M-Score falls into.
EOG Resources 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 EOG Resources 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 * 0.9675 | + | 0.528 * 1.0391 | + | 0.404 * 0.9975 | + | 0.892 * 1.0085 | + | 0.115 * 0.9102 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9974 | + | 4.679 * -0.117959 | - | 0.327 * 1.1352 |
| = | -3.09 |
* 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 $2,650 Mil.
Revenue was 5650 + 5865 + 6029 + 5834 = $23,378 Mil.
Gross Profit was 5518 + 3997 + 4232 + 3951 = $17,698 Mil.
Total Current Assets was $11,230 Mil.
Total Assets was $47,186 Mil.
Property, Plant and Equipment(Net PPE) was $34,212 Mil.
Depreciation, Depletion and Amortization(DDA) was $4,108 Mil.
Selling, General, & Admin. Expense(SGA) was $6,386 Mil.
Total Current Liabilities was $5,354 Mil.
Long-Term Debt & Capital Lease Obligation was $4,220 Mil.
Net Income was 1251 + 1673 + 1690 + 1789 = $6,403 Mil.
Non Operating Income was -571 + 133 + -42 + 306 = $-174 Mil.
Cash Flow from Operations was 2763 + 3588 + 2889 + 2903 = $12,143 Mil.
|
Total Receivables was $2,716 Mil.
Revenue was 6030 + 6113 + 5460 + 5579 = $23,182 Mil.
Gross Profit was 5919 + 4440 + 3850 + 4027 = $18,236 Mil.
Total Current Assets was $9,935 Mil.
Total Assets was $43,857 Mil.
Property, Plant and Equipment(Net PPE) was $32,297 Mil.
Depreciation, Depletion and Amortization(DDA) was $3,492 Mil.
Selling, General, & Admin. Expense(SGA) was $6,349 Mil.
Total Current Liabilities was $4,074 Mil.
Long-Term Debt & Capital Lease Obligation was $3,765 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) |
| = | (2650 / 23378) | / | (2716 / 23182) |
| = | 0.113354 | / | 0.11716 |
| | = | 0.9675 |
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) |
| = | (18236 / 23182) | / | (17698 / 23378) |
| = | 0.786645 | / | 0.757037 |
| | = | 1.0391 |
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 - (11230 + 34212) / 47186) | / | (1 - (9935 + 32297) / 43857) |
| = | 0.03696 | / | 0.037052 |
| | = | 0.9975 |
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 |
| = | 23378 | / | 23182 |
| | = | 1.0085 |
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)) |
| = | (3492 / (3492 + 32297)) | / | (4108 / (4108 + 34212)) |
| = | 0.097572 | / | 0.107203 |
| | = | 0.9102 |
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) |
| = | (6386 / 23378) | / | (6349 / 23182) |
| = | 0.273163 | / | 0.273876 |
| | = | 0.9974 |
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) |
| = | ((4220 + 5354) / 47186) | / | ((3765 + 4074) / 43857) |
| = | 0.202899 | / | 0.17874 |
| | = | 1.1352 |
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 |
| = | (6403 - -174 | - | 12143) | / | 47186 |
| | = | -0.117959 |
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.
EOG Resources has a M-score of -3.09 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
EOG has been successfully added to your