Entain Beneish M-Score Historical Data
The historical data trend for Entain'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.
|
Entain Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| Beneish M-Score |
|
|
|
|
|
|
-3.78 |
-0.25 |
67.05 |
-2.95 |
-2.53 |
|
Entain Semi-Annual Data
|
|
Jun12 |
Dec12 |
Jun13 |
Dec13 |
Jun14 |
Dec14 |
Jun15 |
Dec15 |
Jun16 |
Dec16 |
Jun17 |
Dec17 |
Jun18 |
Dec18 |
Jun19 |
Dec19 |
Jun20 |
Dec20 |
Jun21 |
Dec21 |
| Beneish M-Score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67.05 |
- |
-2.95 |
- |
-2.53 |
Competitive Comparison
For the Gambling subindustry, Entain'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.
Entain Beneish M-Score Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Entain's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Entain's Beneish M-Score falls into.
Entain 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 Entain 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 * 1.055 | + | 0.528 * 1.0192 | + | 0.404 * 1.0531 | + | 0.892 * 1.0754 | + | 0.115 * 1.2241 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9834 | + | 4.679 * -0.0527 | - | 0.327 * 0.9471 |
| = | -2.53 |
* 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 (Dec21) TTM: | Last Year (Dec20) TTM: |
Total Receivables was £540 Mil.
Revenue was £3,830 Mil.
Gross Profit was £2,436 Mil.
Total Current Assets was £1,107 Mil.
Total Assets was £7,252 Mil.
Property, Plant and Equipment(Net PPE) was £467 Mil.
Depreciation, Depletion and Amortization(DDA) was £367 Mil.
Selling, General, & Admin. Expense(SGA) was £611 Mil.
Total Current Liabilities was £1,240 Mil.
Long-Term Debt & Capital Lease Obligation was £2,377 Mil.
Net Income was £249 Mil.
Gross Profit was £0 Mil.
Cash Flow from Operations was £632 Mil.
|
Total Receivables was £476 Mil.
Revenue was £3,562 Mil.
Gross Profit was £2,309 Mil.
Total Current Assets was £1,395 Mil.
Total Assets was £7,270 Mil.
Property, Plant and Equipment(Net PPE) was £470 Mil.
Depreciation, Depletion and Amortization(DDA) was £549 Mil.
Selling, General, & Admin. Expense(SGA) was £577 Mil.
Total Current Liabilities was £1,494 Mil.
Long-Term Debt & Capital Lease Obligation was £2,334 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) |
| = | (539.8 / 3830) | / | (475.8 / 3561.6) |
| = | 0.14093995 | / | 0.13359164 |
| | = | 1.055 |
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) |
| = | (2308.6 / 3561.6) | / | (2435.8 / 3830) |
| = | 0.64819182 | / | 0.63597911 |
| | = | 1.0192 |
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 - (1107.4 + 467.2) / 7252) | / | (1 - (1395.2 + 470.2) / 7269.7) |
| = | 0.78287369 | / | 0.74340069 |
| | = | 1.0531 |
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 |
| = | 3830 | / | 3561.6 |
| | = | 1.0754 |
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)) |
| = | (549.3 / (549.3 + 470.2)) | / | (367.3 / (367.3 + 467.2)) |
| = | 0.53879353 | / | 0.4401438 |
| | = | 1.2241 |
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) |
| = | (610.5 / 3830) | / | (577.3 / 3561.6) |
| = | 0.15939948 | / | 0.16209007 |
| | = | 0.9834 |
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) |
| = | ((2376.8 + 1239.7) / 7252) | / | ((2333.9 + 1493.8) / 7269.7) |
| = | 0.49869002 | / | 0.52652792 |
| | = | 0.9471 |
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 |
| = | (249.3 - 0 | - | 631.8) | / | 7252 |
| | = | -0.0527 |
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.
Entain has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
13.58 
(3.74%) Volume: 6,811,156 Aug. 11
Email Alerts
Stock PDF
RSS
Website
Sources
Download
Manual of Stocks™ Web APP
LSE:ENT has been successfully added to your 
