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LION (Lionsgate Studios) Beneish M-Score : 0.00 (As of Mar. 20, 2025)


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What is Lionsgate Studios 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 Lionsgate Studios's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Lionsgate Studios was -1.69. The lowest was -1.69. And the median was -1.69.


Lionsgate Studios Beneish M-Score Historical Data

The historical data trend for Lionsgate Studios'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.

Lionsgate Studios Beneish M-Score Chart

Lionsgate Studios Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Beneish M-Score
- - - -

Lionsgate Studios Quarterly Data
Mar21 Mar22 Sep22 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 - - - -1.69 -

Competitive Comparison of Lionsgate Studios's Beneish M-Score

For the Entertainment subindustry, Lionsgate Studios'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.


Lionsgate Studios's Beneish M-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Lionsgate Studios's Beneish M-Score distribution charts can be found below:

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



Lionsgate Studios 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 Lionsgate Studios 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $879 Mil.
Revenue was 713.8 + 823.7 + 588.4 + 1117.7 = $3,244 Mil.
Gross Profit was 256.7 + 195.5 + 232.6 + 477.6 = $1,162 Mil.
Total Current Assets was $1,146 Mil.
Total Assets was $5,375 Mil.
Property, Plant and Equipment(Net PPE) was $334 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,578 Mil.
Selling, General, & Admin. Expense(SGA) was $913 Mil.
Total Current Liabilities was $3,184 Mil.
Long-Term Debt & Capital Lease Obligation was $2,186 Mil.
Net Income was 6.4 + -113.4 + -43.5 + -39.5 = $-190 Mil.
Non Operating Income was -23.5 + -21.6 + -29.2 + -142.4 = $-217 Mil.
Cash Flow from Operations was -163.2 + -82.1 + -117.6 + -4.6 = $-368 Mil.
Total Receivables was $0 Mil.
Revenue was 691.6 + 789.8 + 625 + 0 = $2,106 Mil.
Gross Profit was 258 + 279.3 + 262.9 + 0 = $800 Mil.
Total Current Assets was $0 Mil.
Total Assets was $0 Mil.
Property, Plant and Equipment(Net PPE) was $0 Mil.
Depreciation, Depletion and Amortization(DDA) was $959 Mil.
Selling, General, & Admin. Expense(SGA) was $607 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $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)
=(878.9 / 3243.6) / (0 / 2106.4)
=0.270964 / 0
=

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)
=(800.2 / 2106.4) / (1162.4 / 3243.6)
=0.37989 / 0.358367
=

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 - (1145.9 + 334) / 5374.5) / (1 - (0 + 0) / 0)
=0.724644 /
=

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
=3243.6 / 2106.4
=

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))
=(959.2 / (959.2 + 0)) / (1577.6 / (1577.6 + 334))
=1 / 0.825277
=

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)
=(913.1 / 3243.6) / (607.4 / 2106.4)
=0.281508 / 0.288359
=

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)
=((2186 + 3184.1) / 5374.5) / ((0 + 0) / 0)
=0.999181 /
=

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
=(-190 - -216.7 - -367.5) / 5374.5
=0.073346

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.


Lionsgate Studios Beneish M-Score Related Terms

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Lionsgate Studios Business Description

Traded in Other Exchanges
N/A
Address
250 Howe Street, 20th Floor, Vancouver, BC, CAN, V6C 3R8
Lionsgate Studios Corp is a company encompasses world-class motion picture and television studio operations and the STARZ-branded premium global subscription platforms to bring a unique and varied portfolio of entertainment to consumers around the world. The Studio Business consists of the Motion Picture and Television Production reportable segments, together with substantially all of Lionsgate's corporate general and administrative costs. Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction programming.