Interparfums Beneish M-Score Historical Data
The historical data trend for Interparfums'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.
Interparfums Beneish M-Score Chart
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Interparfums Annual Data
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Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
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-2.49 |
-2.35 |
-2.02 |
-2.12 |
- |
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Interparfums Quarterly Data
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Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
| Beneish M-Score |
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-2.12 |
-2.03 |
-1.99 |
-2.23 |
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Competitive Comparison of Interparfums's Beneish M-Score
For the Household & Personal Products subindustry, Interparfums'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.
Interparfums's Beneish M-Score Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Interparfums's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Interparfums's Beneish M-Score falls into.
Interparfums 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 Interparfums 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 * 1.0898 | + | 0.528 * 0.995 | + | 0.404 * 0.9623 | + | 0.892 * 1.092 | + | 0.115 * 1.0615 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0562 | + | 4.679 * 0.016526 | - | 0.327 * 0.9016 |
| = | -2.23 |
* 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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was $360 Mil.
Revenue was 424.629 + 342 + 323.963 + 328.739 = $1,419 Mil.
Gross Profit was 271.16 + 220.757 + 202.385 + 212.71 = $907 Mil.
Total Current Assets was $956 Mil.
Total Assets was $1,481 Mil.
Property, Plant and Equipment(Net PPE) was $192 Mil.
Depreciation, Depletion and Amortization(DDA) was $23 Mil.
Selling, General, & Admin. Expense(SGA) was $649 Mil.
Total Current Liabilities was $340 Mil.
Long-Term Debt & Capital Lease Obligation was $156 Mil.
Net Income was 62.259 + 36.823 + 41.048 + 10.42 = $151 Mil.
Non Operating Income was -3.356 + -0.56 + 0.867 + -2.046 = $-5 Mil.
Cash Flow from Operations was 76.14 + 25.501 + -51.96 + 81.496 = $131 Mil.
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Total Receivables was $302 Mil.
Revenue was 367.969 + 309.244 + 311.723 + 310.788 = $1,300 Mil.
Gross Profit was 235.007 + 188.404 + 202.957 + 200.082 = $826 Mil.
Total Current Assets was $877 Mil.
Total Assets was $1,394 Mil.
Property, Plant and Equipment(Net PPE) was $192 Mil.
Depreciation, Depletion and Amortization(DDA) was $24 Mil.
Selling, General, & Admin. Expense(SGA) was $563 Mil.
Total Current Liabilities was $363 Mil.
Long-Term Debt & Capital Lease Obligation was $154 Mil.
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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) |
| = | (359.692 / 1419.331) | / | (302.228 / 1299.724) |
| = | 0.253424 | / | 0.232532 |
| | = | 1.0898 |
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) |
| = | (826.45 / 1299.724) | / | (907.012 / 1419.331) |
| = | 0.635866 | / | 0.639042 |
| | = | 0.995 |
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 - (956.44 + 191.906) / 1480.6) | / | (1 - (876.854 + 192.361) / 1394.397) |
| = | 0.224405 | / | 0.233206 |
| | = | 0.9623 |
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 |
| = | 1419.331 | / | 1299.724 |
| | = | 1.092 |
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)) |
| = | (24.384 / (24.384 + 192.361)) | / | (22.751 / (22.751 + 191.906)) |
| = | 0.112501 | / | 0.105988 |
| | = | 1.0615 |
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) |
| = | (649.337 / 1419.331) | / | (562.987 / 1299.724) |
| = | 0.457495 | / | 0.433159 |
| | = | 1.0562 |
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) |
| = | ((155.889 + 339.582) / 1480.6) | / | ((154.435 + 363.095) / 1394.397) |
| = | 0.334642 | / | 0.37115 |
| | = | 0.9016 |
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 |
| = | (150.55 - -5.095 | - | 131.177) | / | 1480.6 |
| | = | 0.016526 |
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.
Interparfums has a M-score of -2.23 suggests that the company is unlikely to be a manipulator.
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