ABM Industries Beneish M-Score Historical Data
The historical data trend for ABM Industries'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.
ABM Industries Beneish M-Score Chart
|
ABM Industries Annual Data
|
|
Trend |
Oct14 |
Oct15 |
Oct16 |
Oct17 |
Oct18 |
Oct19 |
Oct20 |
Oct21 |
Oct22 |
Oct23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.57 |
-3.00 |
-2.45 |
-2.11 |
-2.38 |
|
ABM Industries Quarterly Data
|
|
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
Apr24 |
Jul24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.35 |
-2.38 |
-2.46 |
-2.59 |
-2.67 |
Competitive Comparison of ABM Industries's Beneish M-Score
For the Specialty Business Services subindustry, ABM Industries'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.
ABM Industries's Beneish M-Score Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, ABM Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where ABM Industries's Beneish M-Score falls into.
ABM Industries 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 ABM Industries 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 * 0.9958 | + | 0.528 * 1 | + | 0.404 * 1.004 | + | 0.892 * 1.0215 | + | 0.115 * 1.1641 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1605 | + | 4.679 * -0.037357 | - | 0.327 * 1.0184 |
| = | -2.65 |
* 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 (Jul24) TTM: | Last Year (Jul23) TTM: |
Total Receivables was €1,360 Mil.
Revenue was 1930.852 + 1880.962 + 1899.893 + 1981.976 = €7,694 Mil.
Gross Profit was 1930.852 + 1880.962 + 1899.893 + 1981.976 = €7,694 Mil.
Total Current Assets was €1,589 Mil.
Total Assets was €4,647 Mil.
Property, Plant and Equipment(Net PPE) was €235 Mil.
Depreciation, Depletion and Amortization(DDA) was €101 Mil.
Selling, General, & Admin. Expense(SGA) was €639 Mil.
Total Current Liabilities was €1,149 Mil.
Long-Term Debt & Capital Lease Obligation was €1,292 Mil.
Net Income was 4.333 + 40.822 + 41.035 + 59.472 = €146 Mil.
Non Operating Income was 1.66 + 1.584 + 1.193 + 0.852 = €5 Mil.
Cash Flow from Operations was 73.207 + 109.044 + -0.092 + 131.822 = €314 Mil.
|
Total Receivables was €1,337 Mil.
Revenue was 1833.493 + 1809.408 + 1847.926 + 2041.266 = €7,532 Mil.
Gross Profit was 1833.493 + 1809.408 + 1847.926 + 2041.266 = €7,532 Mil.
Total Current Assets was €1,563 Mil.
Total Assets was €4,493 Mil.
Property, Plant and Equipment(Net PPE) was €211 Mil.
Depreciation, Depletion and Amortization(DDA) was €114 Mil.
Selling, General, & Admin. Expense(SGA) was €539 Mil.
Total Current Liabilities was €1,064 Mil.
Long-Term Debt & Capital Lease Obligation was €1,253 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) |
| = | (1359.95 / 7693.683) | / | (1337.016 / 7532.093) |
| = | 0.176762 | / | 0.177509 |
| | = | 0.9958 |
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) |
| = | (7532.093 / 7532.093) | / | (7693.683 / 7693.683) |
| = | 1 | / | 1 |
| | = | 1 |
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 - (1588.975 + 234.833) / 4647.249) | / | (1 - (1563.197 + 210.903) / 4492.88) |
| = | 0.607551 | / | 0.605131 |
| | = | 1.004 |
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 |
| = | 7693.683 | / | 7532.093 |
| | = | 1.0215 |
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)) |
| = | (113.962 / (113.962 + 210.903)) | / | (101.293 / (101.293 + 234.833)) |
| = | 0.350798 | / | 0.301354 |
| | = | 1.1641 |
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) |
| = | (638.981 / 7693.683) | / | (539.06 / 7532.093) |
| = | 0.083053 | / | 0.071568 |
| | = | 1.1605 |
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) |
| = | ((1291.63 + 1148.904) / 4647.249) | / | ((1253.306 + 1063.556) / 4492.88) |
| = | 0.525157 | / | 0.515674 |
| | = | 1.0184 |
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 |
| = | (145.662 - 5.289 | - | 313.981) | / | 4647.249 |
| | = | -0.037357 |
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.
ABM Industries has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:AB4 has been successfully added to your