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Intersil (Intersil) Beneish M-Score : 0.00 (As of Apr. 26, 2024)


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What is Intersil 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.

The historical rank and industry rank for Intersil's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Intersil was 0.00. The lowest was 0.00. And the median was 0.00.


Intersil Beneish M-Score Historical Data

The historical data trend for Intersil'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.

Intersil Beneish M-Score Chart

Intersil Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.59 -3.09 -2.41 -3.40 -2.49

Intersil Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.40 -2.55 -2.75 -2.51 -2.49

Competitive Comparison of Intersil's Beneish M-Score

For the Semiconductors subindustry, Intersil'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.


Intersil's Beneish M-Score Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Intersil's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Intersil's Beneish M-Score falls into.



Intersil 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 Intersil 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 * 1.0494+0.528 * 0.9898+0.404 * 0.9513+0.892 * 1.0393+0.115 * 0.9558
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9506+4.679 * -0.049225-0.327 * 0.9948
=-2.65

* 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 (Dec16) TTM:Last Year (Dec15) TTM:
Total Receivables was $54.8 Mil.
Revenue was 139.806 + 139.045 + 134.009 + 129.279 = $542.1 Mil.
Gross Profit was 83.419 + 84.22 + 79.588 + 75.96 = $323.2 Mil.
Total Current Assets was $437.1 Mil.
Total Assets was $1,165.3 Mil.
Property, Plant and Equipment(Net PPE) was $49.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $24.4 Mil.
Selling, General, & Admin. Expense(SGA) was $95.8 Mil.
Total Current Liabilities was $171.1 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Net Income was 19.114 + 15.883 + 1.389 + 11.751 = $48.1 Mil.
Non Operating Income was 0.162 + 0.454 + 0.211 + 0.001 = $0.8 Mil.
Cash Flow from Operations was 36.538 + 23.269 + 27.196 + 17.67 = $104.7 Mil.
Total Receivables was $50.3 Mil.
Revenue was 126.626 + 128.396 + 132.441 + 134.153 = $521.6 Mil.
Gross Profit was 72.919 + 76.058 + 78.493 + 80.326 = $307.8 Mil.
Total Current Assets was $370.2 Mil.
Total Assets was $1,138.6 Mil.
Property, Plant and Equipment(Net PPE) was $71.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $32.9 Mil.
Selling, General, & Admin. Expense(SGA) was $97.0 Mil.
Total Current Liabilities was $168.0 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 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)
=(54.829 / 542.139) / (50.268 / 521.616)
=0.101135 / 0.09637
=1.0494

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)
=(307.796 / 521.616) / (323.187 / 542.139)
=0.590082 / 0.596133
=0.9898

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 - (437.119 + 49.25) / 1165.341) / (1 - (370.181 + 71.044) / 1138.618)
=0.582638 / 0.612491
=0.9513

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
=542.139 / 521.616
=1.0393

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))
=(32.91 / (32.91 + 71.044)) / (24.391 / (24.391 + 49.25))
=0.316582 / 0.331215
=0.9558

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)
=(95.801 / 542.139) / (96.963 / 521.616)
=0.176709 / 0.18589
=0.9506

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)
=((0 + 171.082) / 1165.341) / ((0 + 168.035) / 1138.618)
=0.146809 / 0.147578
=0.9948

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
=(48.137 - 0.828 - 104.673) / 1165.341
=-0.049225

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.

Intersil has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.


Intersil Beneish M-Score Related Terms

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Intersil (Intersil) Business Description

Traded in Other Exchanges
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Address
Intersil Corp was formed in August 199. The Company designs and develops power management and precision analog integrated circuits, or ICs. The Company is a supplier of power management and precision analog technology for many of the rigorous applications in the infrastructure, industrial, automotive, military, aerospace, computing, and consumer markets. It supplies power IC solutions for battery management, processor power management, and display power management, including power regulators, converters and controllers, as well as fully integrated power modules. It also provides precision analog components such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders and interface products. As a supplier of radiation-hardened devices to the military and aerospace industries, its product development methodologies reflect the long-term experience it has in designing products to meet the standards for reliability and performance in harsh environmental conditions, such as outer space. The Company divides its opportunities into two market categories: industrial & infrastructure and computing & consumer. The industrial & infrastructure market category includes products for power, automotive, aerospace, and broad-line industrial applications. Power products include industrial & infrastructure products - digital power controllers, modules and switching regulators, as well as other general purpose power devices. In automotive, it is targeting both infotainment and power applications. Its video decoders form a building block for console displays and rear view camera displays that are becoming a common safety feature in mid- to high-end vehicles and are required in all passenger cars in the U.S. beginning in 2018. It is applying its power management technology to expand its presence in infotainment and other opportunities within the automobile passenger cabin, and addressing the growing market for battery management within hybrid and fully electric vehicles. Its radiation-hardened products offer advantages for the rigorous applications, including commercial aerospace, and make up another large component of its industrial & infrastructure revenue. Its computing heritage has resulted in a suite of products for analog and digital power management addressing the rapid expansion of cloud computing and communications infrastructure. Its products also enable multiple functions in hundreds of other industrial systems from factory automation to test and measurement equipment. The Company sells its products through direct geographical salesforce that operates in the North American, European, Japanese and Asia/Pacific markets and a network of distributors. The Company competes in its target markets with many companies that may have greater resources, including, but not limited to, Analog Devices, Infineon, Linear Technology, Maxim Integrated Products, ON Semiconductor and Texas Instruments.
Executives
Forrest Eugene Norrod director 9507 GLENLAKE DRIVE, AUSTIN TX 78730
Donald Macleod director
Ernest E Maddock director LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Sohail A Khan director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Necip Sayiner director, officer: President and CEO 400 W CESAR CHAVEZ, AUSTIN TX 78701
Gregory S Lang director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Andrew Micallef officer: SVP, WW Operations NXP SEMICONDUCTORS N.V., HIGH TECH CAMPUS 60, EINDHOVEN P7 5656AG
James Diller director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Robert N Pokelwaldt other: Former Director C/O FIRSTENERGY CORP, 76 SOUTH MAIN ST, AKRON OH 44308
Susan J Hardman officer: SVP, AMS Products Group 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Mark A Downing officer: SVP, Strategy & Bus Dev 400 WEST CESAR CHAVEZ, AUSTIN TX 78701
David Loftus officer: SVP, WW Sales C/O INTERSIL CORPORATION 1001 MURPHY RANCH ROAD MILPITAS CA 95035
Jonathan Kennedy officer: SVP and CFO INTERSIL CORPORATION, 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
David Zinsner officer: SVP & CFO 1001 MURPHY RANCH ROAD, MILPITAS CA 95035

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