ELPQF (El Puerto de LiverpoolB de CV) Beneish M-Score : -2.27 (As of Mar. 29, 2025)

View and export this data going back to 1990. Start your Free Trial

What is El Puerto de LiverpoolB de CV 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.

Good Sign:

Beneish M-Score -2.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for El Puerto de LiverpoolB de CV's Beneish M-Score or its related term are showing as below:

ELPQF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.43 Max: -2.27
Current: -2.27

During the past 13 years, the highest Beneish M-Score of El Puerto de LiverpoolB de CV was -2.27. The lowest was -2.81. And the median was -2.43.

El Puerto de LiverpoolB de CV Beneish M-Score Historical Data

The historical data trend for El Puerto de LiverpoolB de CV'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.

El Puerto de LiverpoolB de CV Beneish M-Score Chart

El Puerto de LiverpoolB de CV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

Get a 7-Day Free Trial

-2.81

-2.64

-2.32

-2.31

-2.27

El Puerto de LiverpoolB de CV 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															-2.31	-2.33	-2.40	-2.34	-2.27

Competitive Comparison of El Puerto de LiverpoolB de CV's Beneish M-Score

For the Department Stores subindustry, El Puerto de LiverpoolB de CV'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.

El Puerto de LiverpoolB de CV's Beneish M-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, El Puerto de LiverpoolB de CV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where El Puerto de LiverpoolB de CV's Beneish M-Score falls into.

Save Embed

;

Save Embed

;

El Puerto de LiverpoolB de CV 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 El Puerto de LiverpoolB de CV for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.911

0.528 * 0.9931

0.404 * 1.0217

0.892 * 0.9964

0.115 * 0.8959

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0319

4.679 * 0.022972

0.327 * 0.9236

-2.44

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was $2,586 Mil.
Revenue was 3612.19 + 2338.985 + 2851.374 + 2483.714 = $11,286 Mil.
Gross Profit was 1408.078 + 977.167 + 1159.068 + 1042.841 = $4,587 Mil.
Total Current Assets was $5,735 Mil.
Total Assets was $13,461 Mil.
Property, Plant and Equipment(Net PPE) was $3,688 Mil.
Depreciation, Depletion and Amortization(DDA) was $304 Mil.
Selling, General, & Admin. Expense(SGA) was $2,934 Mil.
Total Current Liabilities was $3,257 Mil.
Long-Term Debt & Capital Lease Obligation was $1,711 Mil.
Net Income was 463.226 + 224.232 + 339.416 + 172.33 = $1,199 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 800.924 + -39.912 + 296.762 + -167.78 = $890 Mil.

Total Receivables was $2,849 Mil.
Revenue was 4072.83 + 2394.052 + 2775.747 + 2084.3 = $11,327 Mil.
Gross Profit was 1632.867 + 996.67 + 1098.102 + 844.207 = $4,572 Mil.
Total Current Assets was $6,546 Mil.
Total Assets was $15,267 Mil.
Property, Plant and Equipment(Net PPE) was $4,239 Mil.
Depreciation, Depletion and Amortization(DDA) was $310 Mil.
Selling, General, & Admin. Expense(SGA) was $2,854 Mil.
Total Current Liabilities was $4,117 Mil.
Long-Term Debt & Capital Lease Obligation was $1,984 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)
	=	(2585.827 / 11286.263)	/	(2848.595 / 11326.929)
	=	0.229113	/	0.251489
	=	0.911

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)
	=	(4571.846 / 11326.929)	/	(4587.154 / 11286.263)
	=	0.403626	/	0.406437
	=	0.9931

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 - (5735.378 + 3687.52) / 13460.56)	/	(1 - (6546.474 + 4238.512) / 15267.491)
	=	0.299962	/	0.293598
	=	1.0217

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
	=	11286.263	/	11326.929
	=	0.9964

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))
	=	(310.038 / (310.038 + 4238.512))	/	(303.655 / (303.655 + 3687.52))
	=	0.068162	/	0.076082
	=	0.8959

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)
	=	(2934.316 / 11286.263)	/	(2853.825 / 11326.929)
	=	0.25999	/	0.25195
	=	1.0319

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)
	=	((1711.498 + 3257.196) / 13460.56)	/	((1984.368 + 4117.26) / 15267.491)
	=	0.36913	/	0.399648
	=	0.9236

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
	=	(1199.204 - 0	-	889.994)	/	13460.56
	=	0.022972

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.

El Puerto de LiverpoolB de CV has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.

El Puerto de LiverpoolB de CV Beneish M-Score Related Terms

Thank you for viewing the detailed overview of El Puerto de LiverpoolB de CV's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

El Puerto de LiverpoolB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » El Puerto de Liverpool SAB de CV (OTCPK:ELPQF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

LIVEPOLC-1:Mexico LIVEPOL1:Mexico PLV1:Germany

Address

Mario Pani 200, Santa Fe, Cuajimalpa, Mexico, DF, MEX, 05348

Website

https://www.liverpool.com.mx

El Puerto de Liverpool SAB de CV is a retail company that operates throughout Mexico in three business segments: Liverpool, which offers clothing, home goods, furniture, and cosmetics in Liverpool stores as well as boutique locations; Suburbia, which includes Suburbia stores selling consumer products of its own brands; The credit segment is a complement to the Liverpool and Suburbia commercial segment. The company finances its clients in the form of Liverpool and Suburbia departmental credit cards, which customers can buy exclusively at company stores and real estate, which leases commercial space to tenants of its Galeria shopping malls. The Liverpool segment brings in the majority of revenue, with the Maximum portion coming from Mexico City and the surrounding areas.