Skillz (MEX:SKLZ) Beneish M-Score : -3.71 (As of Mar. 14, 2025)

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What is Skillz 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 -3.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:SKLZ' s Beneish M-Score Range Over the Past 10 Years
Min: -4.56 Med: -2.97 Max: 25.88
Current: -3.71

During the past 6 years, the highest Beneish M-Score of Skillz was 25.88. The lowest was -4.56. And the median was -2.97.

Skillz Beneish M-Score Historical Data

The historical data trend for Skillz'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.

Skillz Beneish M-Score Chart

Skillz Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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8.40

-4.08

-2.29

Skillz Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial															-2.67	-2.29	-2.99	-3.80	-3.71

Competitive Comparison of Skillz's Beneish M-Score

For the Electronic Gaming & Multimedia subindustry, Skillz'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.

Skillz's Beneish M-Score Distribution in the Interactive Media Industry

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

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

Skillz 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 Skillz 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 * 1.0315

0.528 * 1.0323

0.404 * 0.9198

0.892 * 0.6236

0.115 * 3.2094

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0899

4.679 * -0.189612

0.327 * 1.0482

-3.47

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was MXN104 Mil.
Revenue was 483.673 + 463.407 + 418.806 + 527.967 = MXN1,894 Mil.
Gross Profit was 417.257 + 402.108 + 361.533 + 469.304 = MXN1,650 Mil.
Total Current Assets was MXN6,337 Mil.
Total Assets was MXN7,683 Mil.
Property, Plant and Equipment(Net PPE) was MXN293 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN23 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,877 Mil.
Total Current Liabilities was MXN1,093 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,654 Mil.
Net Income was -415.761 + 477.147 + -443.502 + -263.305 = MXN-645 Mil.
Non Operating Income was -6.557 + 846.242 + 1.228 + -41.383 = MXN800 Mil.
Cash Flow from Operations was -216.259 + 509.336 + -72.957 + -208.308 = MXN12 Mil.

Total Receivables was MXN161 Mil.
Revenue was 634.518 + 688.602 + 800.004 + 913.817 = MXN3,037 Mil.
Gross Profit was 570.19 + 626.027 + 717.413 + 817.974 = MXN2,732 Mil.
Total Current Assets was MXN6,105 Mil.
Total Assets was MXN7,457 Mil.
Property, Plant and Equipment(Net PPE) was MXN241 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN75 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,233 Mil.
Total Current Liabilities was MXN1,129 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,341 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)
	=	(103.807 / 1893.853)	/	(161.386 / 3036.941)
	=	0.054813	/	0.053141
	=	1.0315

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)
	=	(2731.604 / 3036.941)	/	(1650.202 / 1893.853)
	=	0.899459	/	0.871346
	=	1.0323

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 - (6336.693 + 292.933) / 7682.879)	/	(1 - (6105.289 + 240.59) / 7457.361)
	=	0.137091	/	0.149045
	=	0.9198

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
	=	1893.853	/	3036.941
	=	0.6236

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))
	=	(74.767 / (74.767 + 240.59))	/	(23.366 / (23.366 + 292.933))
	=	0.237087	/	0.073873
	=	3.2094

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)
	=	(2877.24 / 1893.853)	/	(4233.395 / 3036.941)
	=	1.519252	/	1.393967
	=	1.0899

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)
	=	((2653.622 + 1093.461) / 7682.879)	/	((2341.257 + 1128.71) / 7457.361)
	=	0.487719	/	0.465308
	=	1.0482

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
	=	(-645.421 - 799.53	-	11.812)	/	7682.879
	=	-0.189612

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.

Skillz has a M-score of -3.47 suggests that the company is unlikely to be a manipulator.

Skillz Beneish M-Score Related Terms

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Skillz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Skillz Inc (MEX:SKLZ) » Definitions » Beneish M-Score

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SKLZ:USA

Address

6625 Badura Avenue, Las Vegas, NV, USA, 89118

Website

https://www.skillz.com

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market. Some of the games available on its platform are Dominoes Gold, Blackout Bingo, 21 Blitz, and Solitaire Cube among others. The company's reportable business segments are; the Skillz segment and the Aarki segment. The majority of its revenue is generated from the Skillz segment which is an eSports gaming platform, enabling game developers to monetize their content through multi-player competition. Geographically, the company derives its key revenue from the United States and the rest from Israel, China, Malta, and other countries.