Autodesk Beneish M-Score Historical Data
The historical data trend for Autodesk'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.
Autodesk Beneish M-Score Chart
|
Autodesk Annual Data
|
|
Trend |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
Jan25 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.47 |
-2.95 |
-2.81 |
-2.74 |
-2.54 |
|
Autodesk Quarterly Data
|
|
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
Apr24 |
Jul24 |
Oct24 |
Jan25 |
Apr25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.42 |
-2.49 |
-2.40 |
-2.54 |
-2.42 |
Competitive Comparison of Autodesk's Beneish M-Score
For the Software - Application subindustry, Autodesk'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.
Autodesk's Beneish M-Score Distribution in the Software Industry
For the Software industry and Technology sector, Autodesk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Autodesk's Beneish M-Score falls into.
Autodesk 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 Autodesk 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 * 1.2447 | + | 0.528 * 1.0026 | + | 0.404 * 0.9874 | + | 0.892 * 1.1244 | + | 0.115 * 0.7261 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9881 | + | 4.679 * -0.051488 | - | 0.327 * 0.9931 |
| = | -2.42 |
* 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 (Apr25) TTM: | Last Year (Apr24) TTM: |
Total Receivables was $494 Mil.
Revenue was 1633 + 1639 + 1570 + 1505 = $6,347 Mil.
Gross Profit was 1473 + 1485 + 1423 + 1365 = $5,746 Mil.
Total Current Assets was $3,215 Mil.
Total Assets was $10,585 Mil.
Property, Plant and Equipment(Net PPE) was $258 Mil.
Depreciation, Depletion and Amortization(DDA) was $188 Mil.
Selling, General, & Admin. Expense(SGA) was $2,754 Mil.
Total Current Liabilities was $4,919 Mil.
Long-Term Debt & Capital Lease Obligation was $2,187 Mil.
Net Income was 152 + 303 + 275 + 282 = $1,012 Mil.
Non Operating Income was -102 + -13 + -3 + -2 = $-120 Mil.
Cash Flow from Operations was 564 + 692 + 209 + 212 = $1,677 Mil.
|
Total Receivables was $353 Mil.
Revenue was 1417 + 1469 + 1414 + 1345 = $5,645 Mil.
Gross Profit was 1280 + 1339 + 1287 + 1218 = $5,124 Mil.
Total Current Assets was $2,810 Mil.
Total Assets was $9,830 Mil.
Property, Plant and Equipment(Net PPE) was $331 Mil.
Depreciation, Depletion and Amortization(DDA) was $146 Mil.
Selling, General, & Admin. Expense(SGA) was $2,479 Mil.
Total Current Liabilities was $4,097 Mil.
Long-Term Debt & Capital Lease Obligation was $2,548 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) |
| = | (494 / 6347) | / | (353 / 5645) |
| = | 0.077832 | / | 0.062533 |
| | = | 1.2447 |
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) |
| = | (5124 / 5645) | / | (5746 / 6347) |
| = | 0.907706 | / | 0.90531 |
| | = | 1.0026 |
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 - (3215 + 258) / 10585) | / | (1 - (2810 + 331) / 9830) |
| = | 0.671894 | / | 0.680468 |
| | = | 0.9874 |
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 |
| = | 6347 | / | 5645 |
| | = | 1.1244 |
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)) |
| = | (146 / (146 + 331)) | / | (188 / (188 + 258)) |
| = | 0.30608 | / | 0.421525 |
| | = | 0.7261 |
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) |
| = | (2754 / 6347) | / | (2479 / 5645) |
| = | 0.433906 | / | 0.43915 |
| | = | 0.9881 |
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) |
| = | ((2187 + 4919) / 10585) | / | ((2548 + 4097) / 9830) |
| = | 0.671327 | / | 0.675992 |
| | = | 0.9931 |
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 |
| = | (1012 - -120 | - | 1677) | / | 10585 |
| | = | -0.051488 |
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.
Autodesk has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ADSK has been successfully added to your