Omnicell (MEX:OMCL) Beneish M-Score : -2.75 (As of Apr. 01, 2025)

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What is Omnicell 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:OMCL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -2.6 Max: -2.16
Current: -2.75

During the past 13 years, the highest Beneish M-Score of Omnicell was -2.16. The lowest was -3.21. And the median was -2.60.

Omnicell Beneish M-Score Historical Data

The historical data trend for Omnicell'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.

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Omnicell Beneish M-Score Chart

Omnicell Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-3.21

-2.53

-2.46

-3.01

-2.75

Omnicell 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															-3.01	-3.14	-3.02	-2.89	-2.75

Competitive Comparison of Omnicell's Beneish M-Score

For the Health Information Services subindustry, Omnicell'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.

Omnicell's Beneish M-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Omnicell's Beneish M-Score distribution charts can be found below:

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

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Omnicell 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 Omnicell for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.1815

0.528 * 1.0168

0.404 * 1.0512

0.892 * 1.058

0.115 * 1.1447

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8986

4.679 * -0.072757

0.327 * 0.8574

-2.49

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was MXN5,347 Mil.
Revenue was 6400.176 + 5560.935 + 5070.785 + 4085.185 = MXN21,117 Mil.
Gross Profit was 2956.525 + 2407.494 + 2094.922 + 1537.195 = MXN8,996 Mil.
Total Current Assets was MXN17,008 Mil.
Total Assets was MXN44,234 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,884 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,690 Mil.
Selling, General, & Admin. Expense(SGA) was MXN7,198 Mil.
Total Current Liabilities was MXN12,423 Mil.
Long-Term Debt & Capital Lease Obligation was MXN4,119 Mil.
Net Income was 330.396 + 169.927 + 68.426 + -260.163 = MXN309 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 1174.489 + 448.033 + 1075.39 + 829.033 = MXN3,527 Mil.

Total Receivables was MXN4,278 Mil.
Revenue was 4393.733 + 5202.38 + 5125.563 + 5238.588 = MXN19,960 Mil.
Gross Profit was 1789.154 + 2298.667 + 2304.877 + 2253.648 = MXN8,646 Mil.
Total Current Assets was MXN15,745 Mil.
Total Assets was MXN37,800 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,268 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,662 Mil.
Selling, General, & Admin. Expense(SGA) was MXN7,572 Mil.
Total Current Liabilities was MXN6,243 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,245 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)
	=	(5347.36 / 21117.081)	/	(4277.935 / 19960.264)
	=	0.253224	/	0.214323
	=	1.1815

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)
	=	(8646.346 / 19960.264)	/	(8996.136 / 21117.081)
	=	0.433178	/	0.426012
	=	1.0168

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 - (17007.677 + 2884.322) / 44234.105)	/	(1 - (15744.82 + 2267.573) / 37799.579)
	=	0.550302	/	0.523476
	=	1.0512

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
	=	21117.081	/	19960.264
	=	1.058

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))
	=	(1662.032 / (1662.032 + 2267.573))	/	(1690.207 / (1690.207 + 2884.322))
	=	0.422951	/	0.369482
	=	1.1447

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)
	=	(7198.444 / 21117.081)	/	(7572.153 / 19960.264)
	=	0.340883	/	0.379361
	=	0.8986

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)
	=	((4119.418 + 12423.282) / 44234.105)	/	((10245.181 + 6242.993) / 37799.579)
	=	0.373981	/	0.4362
	=	0.8574

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
	=	(308.586 - 0	-	3526.945)	/	44234.105
	=	-0.072757

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.

Omnicell has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.

Omnicell Beneish M-Score Related Terms

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Omnicell Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Omnicell Inc (MEX:OMCL) » Definitions » Beneish M-Score

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Traded in Other Exchanges

OMCL:USA OC9:Germany OC9:Germany

Address

4220 North Freeway, Fort Worth, Santa Clara, CA, USA, 76137

Website

https://www.omnicell.com

Omnicell Inc provides automation and business analytics software for healthcare providers. It helps its customers to define and deliver cost-effective medication management that is designed to equip and empower pharmacists and nurses to focus on patient care rather than administrative tasks, and to drive improved clinical, operational, and financial outcomes across all care settings. Omnicell generates the vast majority of its revenue in the United States.