Robinhood Markets Beneish M-Score Historical Data
The historical data trend for Robinhood Markets'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.
Robinhood Markets Beneish M-Score Chart
|
Robinhood Markets Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
-1.24 |
-3.05 |
-2.50 |
-0.94 |
|
Robinhood Markets 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.50 |
-2.33 |
-2.04 |
-2.35 |
-0.94 |
Competitive Comparison of Robinhood Markets's Beneish M-Score
For the Capital Markets subindustry, Robinhood Markets'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.
Robinhood Markets's Beneish M-Score Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Robinhood Markets's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Robinhood Markets's Beneish M-Score falls into.
Robinhood Markets 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 Robinhood Markets 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 * 1.7146 | + | 0.528 * 0.9075 | + | 0.404 * 1.5071 | + | 0.892 * 1.7415 | + | 0.115 * 1.1258 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.267 | + | 4.679 * 0.056518 | - | 0.327 * 1.1243 |
| = | -0.64 |
* 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 MXN181,653 Mil.
Revenue was 21147.68 + 12542.721 + 12494.31 + 10256.486 = MXN56,441 Mil.
Gross Profit was 18144.459 + 10160.195 + 10240.938 + 8331.32 = MXN46,877 Mil.
Total Current Assets was MXN523,541 Mil.
Total Assets was MXN546,148 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,899 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,465 Mil.
Selling, General, & Admin. Expense(SGA) was MXN8,621 Mil.
Total Current Liabilities was MXN377,572 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 Mil.
Net Income was 19103.821 + 2953.545 + 3444.179 + 2605.612 = MXN28,107 Mil.
Non Operating Income was 0 + 39.381 + 36.64 + 33.193 = MXN109 Mil.
Cash Flow from Operations was -29197.98 + 35678.824 + 989.286 + -10339.467 = MXN-2,869 Mil.
|
Total Receivables was MXN60,836 Mil.
Revenue was 7994.871 + 8134.625 + 8331.935 + 7949.025 = MXN32,410 Mil.
Gross Profit was 6127.704 + 6166.29 + 6240.38 + 5894.175 = MXN24,429 Mil.
Total Current Assets was MXN289,954 Mil.
Total Assets was MXN299,154 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,037 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,237 Mil.
Selling, General, & Admin. Expense(SGA) was MXN18,542 Mil.
Total Current Liabilities was MXN183,950 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 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) |
| = | (181653.147 / 56441.197) | / | (60835.705 / 32410.456) |
| = | 3.21845 | / | 1.877039 |
| | = | 1.7146 |
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) |
| = | (24428.549 / 32410.456) | / | (46876.912 / 56441.197) |
| = | 0.753724 | / | 0.830544 |
| | = | 0.9075 |
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 - (523540.637 + 2898.942) / 546148.216) | / | (1 - (289954.104 + 2036.91) / 299154.147) |
| = | 0.036087 | / | 0.023945 |
| | = | 1.5071 |
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 |
| = | 56441.197 | / | 32410.456 |
| | = | 1.7415 |
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)) |
| = | (1237.18 / (1237.18 + 2036.91)) | / | (1464.529 / (1464.529 + 2898.942)) |
| = | 0.37787 | / | 0.335634 |
| | = | 1.1258 |
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) |
| = | (8621.315 / 56441.197) | / | (18541.547 / 32410.456) |
| = | 0.152749 | / | 0.572085 |
| | = | 0.267 |
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 + 377571.593) / 546148.216) | / | ((0 + 183949.925) / 299154.147) |
| = | 0.691335 | / | 0.6149 |
| | = | 1.1243 |
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 |
| = | (28107.157 - 109.214 | - | -2869.337) | / | 546148.216 |
| | = | 0.056518 |
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.
Robinhood Markets has a M-score of -0.64 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MEX:HOOD has been successfully added to your