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Glu Mobile Beneish M-Score

: 0.00 (As of Today)
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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 Glu Mobile's Beneish M-Score or its related term are showing as below:

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


Glu Mobile Beneish M-Score Historical Data

The historical data trend for Glu Mobile'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.

Glu Mobile Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.94 -3.30 -3.39 -2.58 -2.79

Glu Mobile Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Beneish M-Score 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 Premium Member Only Premium Member Only Premium Member Only -2.58 -2.54 -2.42 -2.65 -2.79

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Glu Mobile'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.

   

Glu Mobile Beneish M-Score Distribution

For the Interactive Media industry and Communication Services sector, Glu Mobile's Beneish M-Score distribution charts can be found below:

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



Glu Mobile 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 Glu Mobile 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 * 0.8979+0.528 * 1.0011+0.404 * 0.6099+0.892 * 1.3139+0.115 * 0.7179
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9716+4.679 * -0.085-0.327 * 0.7317
=-2.79

* 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 (Dec20) TTM:Last Year (Dec19) TTM:
Total Receivables was $34.6 Mil.
Revenue was 141.401 + 158.531 + 133.316 + 107.274 = $540.5 Mil.
Gross Profit was 92.602 + 101.253 + 85.702 + 69.412 = $349.0 Mil.
Total Current Assets was $463.1 Mil.
Total Assets was $653.9 Mil.
Property, Plant and Equipment(Net PPE) was $47.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.4 Mil.
Selling, General, & Admin. Expense(SGA) was $208.7 Mil.
Total Current Liabilities was $180.7 Mil.
Long-Term Debt & Capital Lease Obligation was $34.6 Mil.
Net Income was 23.881 + 13.405 + -8.566 + -8.273 = $20.4 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 46.836 + 32.223 + 13.845 + -16.852 = $76.1 Mil.
Total Receivables was $29.3 Mil.
Revenue was 112.879 + 107.077 + 95.54 + 95.885 = $411.4 Mil.
Gross Profit was 73.562 + 69.279 + 61.678 + 61.363 = $265.9 Mil.
Total Current Assets was $214.6 Mil.
Total Assets was $418.0 Mil.
Property, Plant and Equipment(Net PPE) was $52.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.2 Mil.
Selling, General, & Admin. Expense(SGA) was $163.5 Mil.
Total Current Liabilities was $150.8 Mil.
Long-Term Debt & Capital Lease Obligation was $37.4 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)
=(34.571 / 540.522) / (29.304 / 411.381)
=0.06395854 / 0.07123324
=0.8979

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)
=(265.882 / 411.381) / (348.969 / 540.522)
=0.6463157 / 0.64561479
=1.0011

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 - (463.072 + 47.115) / 653.855) / (1 - (214.639 + 52.813) / 418.049)
=0.21972456 / 0.36023768
=0.6099

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
=540.522 / 411.381
=1.3139

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))
=(4.225 / (4.225 + 52.813)) / (5.421 / (5.421 + 47.115))
=0.07407342 / 0.10318639
=0.7179

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)
=(208.736 / 540.522) / (163.514 / 411.381)
=0.38617485 / 0.39747582
=0.9716

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)
=((34.565 + 180.702) / 653.855) / ((37.351 + 150.754) / 418.049)
=0.32922743 / 0.44995922
=0.7317

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
=(20.447 - 0 - 76.052) / 653.855
=-0.085

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.

Glu Mobile has a M-score of -2.79 suggests that the company is unlikely to be a manipulator.


Glu Mobile Beneish M-Score Related Terms

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Glu Mobile Business Description

Glu Mobile logo
Traded in Other Exchanges
N/A
Address
875 Howard Street, Suite 100, San Francisco, CA, USA, 94103
Glu Mobile Inc is a U.S.-based company that develops and markets games appealing to a broad group of users of smartphones and tablet devices. These games are accessible through direct-to-consumer digital store fronts like the Apple App Store, Google Play Store, and Amazon Appstore. The firm generates revenue through in-app purchases and in-game advertising.

Glu Mobile Headlines

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