GCI Liberty Beneish M-Score Historical Data
The historical data trend for GCI Liberty'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.
GCI Liberty Beneish M-Score Chart
|
GCI Liberty Annual Data
|
|
Trend |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.58 |
13.69 |
0.17 |
-45.88 |
-3.07 |
|
GCI Liberty Quarterly Data
|
|
Dec15 |
Mar16 |
Jun16 |
Sep16 |
Dec16 |
Mar17 |
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.56 |
-3.07 |
-3.00 |
-3.05 |
-2.29 |
Competitive Comparison of GCI Liberty's Beneish M-Score
For the Telecom Services subindustry, GCI Liberty'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.
GCI Liberty's Beneish M-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, GCI Liberty's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GCI Liberty's Beneish M-Score falls into.
GCI Liberty 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 GCI Liberty 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 * 1.3637 | + | 0.528 * 1 | + | 0.404 * 1.024 | + | 0.892 * 1.0475 | + | 0.115 * 0.9911 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8772 | + | 4.679 * -0.058364 | - | 0.327 * 0.9869 |
| = | -2.34 |
* 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 (Sep20) TTM: | Last Year (Sep19) TTM: |
Total Receivables was $283.7 Mil.
Revenue was 246.892 + 224.82 + 235.799 + 232.387 = $939.9 Mil.
Gross Profit was 246.892 + 224.82 + 235.799 + 232.387 = $939.9 Mil.
Total Current Assets was $897.9 Mil.
Total Assets was $13,359.8 Mil.
Property, Plant and Equipment(Net PPE) was $1,045.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $251.2 Mil.
Selling, General, & Admin. Expense(SGA) was $383.4 Mil.
Total Current Liabilities was $1,361.3 Mil.
Long-Term Debt & Capital Lease Obligation was $2,693.3 Mil.
Net Income was 824.412 + 610.654 + -631.877 + 711.789 = $1,515.0 Mil.
Non Operating Income was 1182.482 + 877.307 + -842.852 + 1003.382 = $2,220.3 Mil.
Cash Flow from Operations was 20.32 + 16.916 + 30.663 + 6.491 = $74.4 Mil.
|
Total Receivables was $198.6 Mil.
Revenue was 227.044 + 217.566 + 217.736 + 234.922 = $897.3 Mil.
Gross Profit was 227.044 + 217.566 + 217.736 + 234.922 = $897.3 Mil.
Total Current Assets was $651.9 Mil.
Total Assets was $10,645.3 Mil.
Property, Plant and Equipment(Net PPE) was $1,110.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $263.7 Mil.
Selling, General, & Admin. Expense(SGA) was $417.2 Mil.
Total Current Liabilities was $1,086.5 Mil.
Long-Term Debt & Capital Lease Obligation was $2,187.2 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) |
| = | (283.687 / 939.898) | / | (198.592 / 897.268) |
| = | 0.301827 | / | 0.22133 |
| | = | 1.3637 |
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) |
| = | (897.268 / 897.268) | / | (939.898 / 939.898) |
| = | 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 - (897.884 + 1045.585) / 13359.842) | / | (1 - (651.944 + 1110.08) / 10645.303) |
| = | 0.854529 | / | 0.834479 |
| | = | 1.024 |
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 |
| = | 939.898 | / | 897.268 |
| | = | 1.0475 |
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)) |
| = | (263.724 / (263.724 + 1110.08)) | / | (251.154 / (251.154 + 1045.585)) |
| = | 0.191966 | / | 0.193681 |
| | = | 0.9911 |
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) |
| = | (383.38 / 939.898) | / | (417.243 / 897.268) |
| = | 0.407895 | / | 0.465015 |
| | = | 0.8772 |
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) |
| = | ((2693.263 + 1361.344) / 13359.842) | / | ((2187.173 + 1086.526) / 10645.303) |
| = | 0.303492 | / | 0.307525 |
| | = | 0.9869 |
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 |
| = | (1514.978 - 2220.319 | - | 74.39) | / | 13359.842 |
| | = | -0.058364 |
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.
GCI Liberty has a M-score of -2.34 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GLIBA has been successfully added to your