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JBSS (John Bnfilippo & Son) Beneish M-Score : -2.40 (As of Mar. 17, 2025)


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What is John Bnfilippo & Son 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

JBSS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -2.75   Max: -2
Current: -2.4

During the past 13 years, the highest Beneish M-Score of John Bnfilippo & Son was -2.00. The lowest was -3.13. And the median was -2.75.


John Bnfilippo & Son Beneish M-Score Historical Data

The historical data trend for John Bnfilippo & Son'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.

John Bnfilippo & Son Beneish M-Score Chart

John Bnfilippo & Son Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.76 -2.85 -2.12 -3.05 -2.87

John Bnfilippo & Son 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 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 -3.06 -3.09 -2.87 -2.68 -2.40

Competitive Comparison of John Bnfilippo & Son's Beneish M-Score

For the Packaged Foods subindustry, John Bnfilippo & Son'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.


John Bnfilippo & Son's Beneish M-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, John Bnfilippo & Son's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where John Bnfilippo & Son's Beneish M-Score falls into.



John Bnfilippo & Son 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 John Bnfilippo & Son 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 * 0.9358+0.528 * 1.2424+0.404 * 1.076+0.892 * 1.1209+0.115 * 1.0271
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9108+4.679 * -0.021408-0.327 * 1.1523
=-2.40

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was $81 Mil.
Revenue was 301.067 + 276.196 + 269.572 + 271.884 = $1,119 Mil.
Gross Profit was 52.251 + 46.544 + 50.001 + 49.177 = $198 Mil.
Total Current Assets was $307 Mil.
Total Assets was $545 Mil.
Property, Plant and Equipment(Net PPE) was $190 Mil.
Depreciation, Depletion and Amortization(DDA) was $29 Mil.
Selling, General, & Admin. Expense(SGA) was $131 Mil.
Total Current Liabilities was $150 Mil.
Long-Term Debt & Capital Lease Obligation was $32 Mil.
Net Income was 13.595 + 11.659 + 10.013 + 13.477 = $49 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 10.982 + 8.934 + 35.235 + 5.266 = $60 Mil.
Total Receivables was $77 Mil.
Revenue was 291.222 + 234.105 + 234.222 + 238.535 = $998 Mil.
Gross Profit was 57.939 + 57.022 + 54.718 + 49.768 = $219 Mil.
Total Current Assets was $290 Mil.
Total Assets was $484 Mil.
Property, Plant and Equipment(Net PPE) was $154 Mil.
Depreciation, Depletion and Amortization(DDA) was $25 Mil.
Selling, General, & Admin. Expense(SGA) was $129 Mil.
Total Current Liabilities was $128 Mil.
Long-Term Debt & Capital Lease Obligation was $12 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)
=(81.2 / 1118.719) / (77.416 / 998.084)
=0.072583 / 0.077565
=0.9358

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)
=(219.447 / 998.084) / (197.973 / 1118.719)
=0.219868 / 0.176964
=1.2424

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 - (306.698 + 189.674) / 545.253) / (1 - (289.766 + 154.33) / 484.459)
=0.089648 / 0.083316
=1.076

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
=1118.719 / 998.084
=1.1209

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))
=(24.631 / (24.631 + 154.33)) / (29.35 / (29.35 + 189.674))
=0.137633 / 0.134004
=1.0271

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)
=(131.453 / 1118.719) / (128.77 / 998.084)
=0.117503 / 0.129017
=0.9108

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)
=((31.723 + 150.062) / 545.253) / ((11.883 + 128.291) / 484.459)
=0.333396 / 0.289341
=1.1523

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
=(48.744 - 0 - 60.417) / 545.253
=-0.021408

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.

John Bnfilippo & Son has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.


John Bnfilippo & Son Beneish M-Score Related Terms

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John Bnfilippo & Son Business Description

Traded in Other Exchanges
Address
1703 North Randall Road, Elgin, IL, USA, 60123
John B Sanfilippo & Son Inc is one of the processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and the Fisher, Orchard Valley Harvest, and Sunshine Country brand names. It also markets and distributes, and in the majority of cases, manufactures or processes, a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names.
Executives
James J Sanfilippo other: Member of 13(d) Group 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Sanfilippo Jasper Brian Jr officer: Exec VP, Assist. Secretary 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Jeffrey T Sanfilippo director, officer: Exec VP Sales & Marketing 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Ellen Taaffe director 1703 N. RANDALL ROAD, ELGIN IL 60123
Lisa Evon other: Member of 13(d) Group 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
John E Sanfilippo other: Member of 13(d) Group 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Michael J Finn officer: VP, Corporate Controller 1703 N RANDALL ROAD, ELGIN IL 60123-7820
Gina M Lakatos officer: VP, General Counsel, Secretary 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Julia A Pronitcheva officer: SVP Human Resources 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Mercedes Romero director 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Pamela Forbes Lieberman director 3400 N.WOLF ROAD, FRANKLIN PARK IL 60131
Daniel M Wright director 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Mathias A Valentine director, officer: President 1703 N. RANDALL ROAD, ELGIN IL 60123-7820
Howard Brandeisky officer: VP, Global Marketing 1703 N. RANDALL ROAD, ELGIN IL 60123
Timothy R Donovan director 1703 N. RANDALL ROAD, ELGIN IL 60123