T-Mobile US (MEX:TMUS) Beneish M-Score : -2.77 (As of Mar. 27, 2025)

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What is T-Mobile US 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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for T-Mobile US's Beneish M-Score or its related term are showing as below:

MEX:TMUS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.04 Med: -2.68 Max: -1.95
Current: -2.77

During the past 13 years, the highest Beneish M-Score of T-Mobile US was -1.95. The lowest was -3.04. And the median was -2.68.

T-Mobile US Beneish M-Score Historical Data

The historical data trend for T-Mobile US'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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T-Mobile US Beneish M-Score Chart

T-Mobile US Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-1.95

-2.52

-2.69

-2.81

-2.77

T-Mobile US 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															-2.81	-2.87	-2.85	-2.84	-2.77

Competitive Comparison of T-Mobile US's Beneish M-Score

For the Telecom Services subindustry, T-Mobile US'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.

T-Mobile US's Beneish M-Score Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, T-Mobile US's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where T-Mobile US's Beneish M-Score falls into.

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T-Mobile US 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 T-Mobile US 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 * 1.0307

0.528 * 0.9703

0.404 * 1.0388

0.892 * 1.1279

0.115 * 1.0553

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9404

4.679 * -0.048176

0.327 * 0.9984

-2.55

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was MXN180,506 Mil.
Revenue was 456155.87 + 396995.829 + 362225.077 + 325187.021 = MXN1,540,564 Mil.
Gross Profit was 272938.546 + 258592.71 + 238527.741 + 207569.361 = MXN977,628 Mil.
Total Current Assets was MXN383,828 Mil.
Total Assets was MXN4,338,716 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,397,791 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN243,168 Mil.
Selling, General, & Admin. Expense(SGA) was MXN393,207 Mil.
Total Current Liabilities was MXN420,743 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,198,608 Mil.
Net Income was 62170.842 + 60232.628 + 53586.301 + 39399.509 = MXN215,389 Mil.
Non Operating Income was 1960.436 + 137.832 + -146.561 + 331.925 = MXN2,284 Mil.
Cash Flow from Operations was 115728.279 + 120878.752 + 101145.289 + 84375.36 = MXN422,128 Mil.

Total Receivables was MXN155,280 Mil.
Revenue was 347598.65 + 335348.605 + 329094.305 + 353866.8 = MXN1,365,908 Mil.
Gross Profit was 205014.967 + 211064.775 + 209018.429 + 215993.575 = MXN841,092 Mil.
Total Current Assets was MXN322,765 Mil.
Total Assets was MXN3,525,246 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,202,405 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN222,886 Mil.
Selling, General, & Admin. Expense(SGA) was MXN370,705 Mil.
Total Current Liabilities was MXN355,237 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,776,389 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)
	=	(180506.083 / 1540563.797)	/	(155280.421 / 1365908.36)
	=	0.117169	/	0.113683
	=	1.0307

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)
	=	(841091.746 / 1365908.36)	/	(977628.358 / 1540563.797)
	=	0.615775	/	0.634591
	=	0.9703

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 - (383828.303 + 1397790.724) / 4338715.546)	/	(1 - (322765.326 + 1202404.805) / 3525245.771)
	=	0.589367	/	0.567358
	=	1.0388

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
	=	1540563.797	/	1365908.36
	=	1.1279

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))
	=	(222886.184 / (222886.184 + 1202404.805))	/	(243168.405 / (243168.405 + 1397790.724))
	=	0.156379	/	0.148187
	=	1.0553

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)
	=	(393207.13 / 1540563.797)	/	(370704.692 / 1365908.36)
	=	0.255236	/	0.271398
	=	0.9404

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)
	=	((2198607.892 + 420742.892) / 4338715.546)	/	((1776389.001 + 355237.062) / 3525245.771)
	=	0.603716	/	0.604674
	=	0.9984

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
	=	(215389.28 - 2283.632	-	422127.68)	/	4338715.546
	=	-0.048176

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.

T-Mobile US has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.

T-Mobile US Beneish M-Score Related Terms

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T-Mobile US Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » T-Mobile US Inc (MEX:TMUS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

TMUS:USA TMUS:Peru 1TMUS:Italy 0R2L:UK TM5:Germany TM5:Germany TM5:Germany TM5:Germany T1MU34:Brazil TMUS:Austria

Address

12920 SE 38th Street, Bellevue, WA, USA, 98006-1350

Website

https://www.t-mobile.com

Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the us. T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves more than 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.