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IntraLinks Holdings (FRA:098) Beneish M-Score : 0.00 (As of May. 24, 2024)


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What is IntraLinks Holdings Beneish M-Score?

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.

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

During the past 8 years, the highest Beneish M-Score of IntraLinks Holdings was 0.00. The lowest was 0.00. And the median was 0.00.


IntraLinks Holdings Beneish M-Score Historical Data

The historical data trend for IntraLinks Holdings'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.

IntraLinks Holdings Beneish M-Score Chart

IntraLinks Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Beneish M-Score
Get a 7-Day Free Trial -2.91 -3.01 -3.06 -2.78 -3.06

IntraLinks Holdings Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Beneish M-Score Get a 7-Day Free Trial 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 -3.12 -3.06 -3.00 -3.08 -3.05

Competitive Comparison of IntraLinks Holdings's Beneish M-Score

For the Software - Application subindustry, IntraLinks Holdings'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.


IntraLinks Holdings's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, IntraLinks Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where IntraLinks Holdings's Beneish M-Score falls into.



IntraLinks Holdings 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 IntraLinks Holdings 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 * 0.933+0.528 * 0.9875+0.404 * 1.0306+0.892 * 1.0905+0.115 * 0.9261
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9518+4.679 * -0.123734-0.327 * 1.0457
=-3.05

* 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 (Sep16) TTM:Last Year (Sep15) TTM:
Total Receivables was €47.3 Mil.
Revenue was 67.194 + 64.926 + 63.509 + 65.439 = €261.1 Mil.
Gross Profit was 49.908 + 47.364 + 45.663 + 48.201 = €191.1 Mil.
Total Current Assets was €100.8 Mil.
Total Assets was €390.0 Mil.
Property, Plant and Equipment(Net PPE) was €14.0 Mil.
Depreciation, Depletion and Amortization(DDA) was €45.1 Mil.
Selling, General, & Admin. Expense(SGA) was €177.7 Mil.
Total Current Liabilities was €80.0 Mil.
Long-Term Debt & Capital Lease Obligation was €69.6 Mil.
Net Income was -1.097 + -7.094 + -4.376 + -5.49 = €-18.1 Mil.
Non Operating Income was -0.009 + -1.6 + 0.359 + -0.448 = €-1.7 Mil.
Cash Flow from Operations was 12.825 + 16.024 + -4.793 + 7.847 = €31.9 Mil.
Total Receivables was €46.5 Mil.
Revenue was 62.003 + 61.457 + 61.267 + 54.676 = €239.4 Mil.
Gross Profit was 44.803 + 44.232 + 44.124 + 39.931 = €173.1 Mil.
Total Current Assets was €113.0 Mil.
Total Assets was €417.3 Mil.
Property, Plant and Equipment(Net PPE) was €18.6 Mil.
Depreciation, Depletion and Amortization(DDA) was €44.8 Mil.
Selling, General, & Admin. Expense(SGA) was €171.2 Mil.
Total Current Liabilities was €84.1 Mil.
Long-Term Debt & Capital Lease Obligation was €69.0 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)
=(47.289 / 261.068) / (46.479 / 239.403)
=0.181137 / 0.194145
=0.933

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)
=(173.09 / 239.403) / (191.136 / 261.068)
=0.723007 / 0.732131
=0.9875

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 - (100.834 + 13.989) / 390.047) / (1 - (112.989 + 18.589) / 417.274)
=0.705618 / 0.684672
=1.0306

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
=261.068 / 239.403
=1.0905

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))
=(44.849 / (44.849 + 18.589)) / (45.142 / (45.142 + 13.989))
=0.706974 / 0.763424
=0.9261

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)
=(177.672 / 261.068) / (171.182 / 239.403)
=0.680558 / 0.715037
=0.9518

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)
=((69.636 + 79.976) / 390.047) / ((69.011 + 84.053) / 417.274)
=0.383574 / 0.366819
=1.0457

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
=(-18.057 - -1.698 - 31.903) / 390.047
=-0.123734

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.

IntraLinks Holdings has a M-score of -3.05 suggests that the company is unlikely to be a manipulator.


IntraLinks Holdings Beneish M-Score Related Terms

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IntraLinks Holdings (FRA:098) Business Description

Traded in Other Exchanges
N/A
Address
IntraLinks Holdings Inc was incorporated in Delaware as Intralinks, Inc. in June 1996. The Company is a provider of Software-as-a-Service solutions for secure content management and collaboration within and among organizations. Its cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall. Its customers rely on its solutions to manage large amounts of electronic information, accelerate information intensive business processes, reduce time to market, optimize critical information workflow, meet regulatory and risk management requirements and collaborate with business counterparties in a secure, auditable and compliant manner. It helps its customers eliminate many of the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. The Company sell their solutions through a mix of field and inside sales, a referral network and a select group of channel partners. The Company delivers its solutions through a cloud-based model, making them available on-demand over the Internet using a multi-tenant SaaS architecture in which a single instance of its software serves all of its customers. The Company has built a secure and scalable, cloud-based, multi-tenant platform upon which it develops solutions that allow customers to collaborate, manage and exchange critical information across organizational and geographic boundaries. It integrates content management, collaboration and social networking software into one platform that supports business collaboration and content exchange. The Intralinks Platform scales from the needs of small groups and individuals within one organization to large teams of people across multiple enterprises, financial institutions and governmental agencies. Its platform helps transform a wide range of slow, expensive and information-intensive tasks into streamlined, efficient and real-time business processes. The Company competes with a multitude of service providers, including both virtual data room providers and enterprise software providers.Its trademarks include Intralinks, Intralinks Connect, Intralinks DealNexus, Intralinks Dealspace, Intralinks Debtspace, Intralinks Fundspace, Intralinks Studyspace, Intralinks VIA.

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