Hanesbrands Beneish M-Score Historical Data
The historical data trend for Hanesbrands'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.
Hanesbrands Beneish M-Score Chart
|
Hanesbrands Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.63 |
-2.91 |
-2.25 |
-3.20 |
-3.40 |
|
Hanesbrands Quarterly Data
|
|
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.13 |
-3.49 |
-3.24 |
-3.40 |
-3.37 |
Competitive Comparison of Hanesbrands's Beneish M-Score
For the Apparel Manufacturing subindustry, Hanesbrands'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.
Hanesbrands's Beneish M-Score Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hanesbrands's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hanesbrands's Beneish M-Score falls into.
Hanesbrands 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 Hanesbrands 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 * 0.6174 | + | 0.528 * 0.9532 | + | 0.404 * 0.9979 | + | 0.892 * 0.997 | + | 0.115 * 0.7523 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1095 | + | 4.679 * -0.095563 | - | 0.327 * 1.0613 |
| = | -3.37 |
* 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 (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was $342 Mil.
Revenue was 760.148 + 796.729 + 937.103 + 995.393 = $3,489 Mil.
Gross Profit was 316.7 + 352.696 + 390.44 + 307.073 = $1,367 Mil.
Total Current Assets was $1,714 Mil.
Total Assets was $3,821 Mil.
Property, Plant and Equipment(Net PPE) was $423 Mil.
Depreciation, Depletion and Amortization(DDA) was $78 Mil.
Selling, General, & Admin. Expense(SGA) was $1,140 Mil.
Total Current Liabilities was $1,107 Mil.
Long-Term Debt & Capital Lease Obligation was $2,539 Mil.
Net Income was -9.456 + -12.88 + 29.951 + -298.38 = $-291 Mil.
Non Operating Income was -17.272 + -17.922 + -9.505 + -10.785 = $-55 Mil.
Cash Flow from Operations was -108.183 + 67.431 + 92.215 + 78.426 = $130 Mil.
|
Total Receivables was $556 Mil.
Revenue was 744.675 + 759.058 + 961.294 + 1035.004 = $3,500 Mil.
Gross Profit was 297.433 + 302.937 + 349.781 + 356.793 = $1,307 Mil.
Total Current Assets was $2,324 Mil.
Total Assets was $5,590 Mil.
Property, Plant and Equipment(Net PPE) was $797 Mil.
Depreciation, Depletion and Amortization(DDA) was $106 Mil.
Selling, General, & Admin. Expense(SGA) was $1,031 Mil.
Total Current Liabilities was $1,459 Mil.
Long-Term Debt & Capital Lease Obligation was $3,566 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) |
| = | (342.051 / 3489.373) | / | (555.679 / 3500.031) |
| = | 0.098026 | / | 0.158764 |
| | = | 0.6174 |
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) |
| = | (1306.944 / 3500.031) | / | (1366.909 / 3489.373) |
| = | 0.373409 | / | 0.391735 |
| | = | 0.9532 |
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 - (1714.267 + 422.926) / 3821.23) | / | (1 - (2323.714 + 797.401) / 5589.676) |
| = | 0.440705 | / | 0.441629 |
| | = | 0.9979 |
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 |
| = | 3489.373 | / | 3500.031 |
| | = | 0.997 |
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)) |
| = | (105.762 / (105.762 + 797.401)) | / | (77.973 / (77.973 + 422.926)) |
| = | 0.117102 | / | 0.155666 |
| | = | 0.7523 |
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) |
| = | (1140.161 / 3489.373) | / | (1030.796 / 3500.031) |
| = | 0.326752 | / | 0.294511 |
| | = | 1.1095 |
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) |
| = | ((2538.867 + 1107.076) / 3821.23) | / | ((3565.569 + 1459.439) / 5589.676) |
| = | 0.954128 | / | 0.89898 |
| | = | 1.0613 |
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 |
| = | (-290.765 - -55.484 | - | 129.889) | / | 3821.23 |
| | = | -0.095563 |
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.
Hanesbrands has a M-score of -3.37 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HBI has been successfully added to your