Exxon Mobil Beneish M-Score Historical Data
The historical data trend for Exxon Mobil'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.
Exxon Mobil Beneish M-Score Chart
|
Exxon Mobil Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.64 |
-1.37 |
-2.66 |
-2.67 |
-2.90 |
|
Exxon Mobil 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.67 |
-2.91 |
-3.07 |
-2.86 |
-2.90 |
Competitive Comparison of Exxon Mobil's Beneish M-Score
For the Oil & Gas Integrated subindustry, Exxon Mobil'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.
Exxon Mobil's Beneish M-Score Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Exxon Mobil's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Exxon Mobil's Beneish M-Score falls into.
Exxon Mobil 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 Exxon Mobil 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 * 1.0834 | + | 0.528 * 1.0314 | + | 0.404 * 0.9517 | + | 0.892 * 0.8164 | + | 0.115 * 1.1918 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.2005 | + | 4.679 * -0.078686 | - | 0.327 * 0.9198 |
| = | -2.92 |
* 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 €34,860 Mil.
Revenue was 74907.896 + 82990.09 + 74573.785 + 78123.496 = €310,595 Mil.
Gross Profit was 16233.651 + 20972.871 + 18547.685 + 22379.574 = €78,134 Mil.
Total Current Assets was €88,590 Mil.
Total Assets was €345,083 Mil.
Property, Plant and Equipment(Net PPE) was €197,100 Mil.
Depreciation, Depletion and Amortization(DDA) was €19,114 Mil.
Selling, General, & Admin. Expense(SGA) was €9,863 Mil.
Total Current Liabilities was €59,895 Mil.
Long-Term Debt & Capital Lease Obligation was €34,372 Mil.
Net Income was 6996.71 + 8498.59 + 7273.24 + 10675.62 = €33,444 Mil.
Non Operating Income was 2435.552 + 2052.03 + 1955.837 + 2727.28 = €9,171 Mil.
Cash Flow from Operations was 12546.394 + 14957.331 + 8660.509 + 15262.494 = €51,427 Mil.
|
Total Receivables was €39,411 Mil.
Revenue was 87946.816 + 107577.12 + 105256.69 + 79662.472 = €380,443 Mil.
Gross Profit was 25463.456 + 29649.56 + 28867.19 + 14729.576 = €98,710 Mil.
Total Current Assets was €92,164 Mil.
Total Assets was €348,399 Mil.
Property, Plant and Equipment(Net PPE) was €193,229 Mil.
Depreciation, Depletion and Amortization(DDA) was €22,755 Mil.
Selling, General, & Admin. Expense(SGA) was €10,063 Mil.
Total Current Liabilities was €65,178 Mil.
Long-Term Debt & Capital Lease Obligation was €38,288 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) |
| = | (34859.755 / 310595.267) | / | (39411.056 / 380443.098) |
| = | 0.112235 | / | 0.103593 |
| | = | 1.0834 |
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) |
| = | (98709.782 / 380443.098) | / | (78133.781 / 310595.267) |
| = | 0.25946 | / | 0.251561 |
| | = | 1.0314 |
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 - (88590.453 + 197099.98) / 345082.689) | / | (1 - (92163.664 + 193229.248) / 348399.248) |
| = | 0.17211 | / | 0.180845 |
| | = | 0.9517 |
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 |
| = | 310595.267 | / | 380443.098 |
| | = | 0.8164 |
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)) |
| = | (22755.246 / (22755.246 + 193229.248)) | / | (19113.697 / (19113.697 + 197099.98)) |
| = | 0.105356 | / | 0.088402 |
| | = | 1.1918 |
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) |
| = | (9862.708 / 310595.267) | / | (10062.924 / 380443.098) |
| = | 0.031754 | / | 0.026451 |
| | = | 1.2005 |
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) |
| = | ((34371.911 + 59894.772) / 345082.689) | / | ((38287.696 + 65178.48) / 348399.248) |
| = | 0.273171 | / | 0.296976 |
| | = | 0.9198 |
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 |
| = | (33444.16 - 9170.699 | - | 51426.728) | / | 345082.689 |
| | = | -0.078686 |
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.
Exxon Mobil has a M-score of -2.92 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:XONA has been successfully added to your