Permian Resources Beneish M-Score Historical Data
The historical data trend for Permian Resources'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.
|
Permian Resources Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.78 |
-1.80 |
-2.65 |
-0.64 |
-2.09 |
|
Permian Resources Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-0.64 |
-1.85 |
-2.07 |
-2.68 |
-2.09 |
Competitive Comparison
For the Oil & Gas E&P subindustry, Permian Resources'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.
Permian Resources Beneish M-Score Distribution
For the Oil & Gas industry and Energy sector, Permian Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Permian Resources's Beneish M-Score falls into.
Permian Resources 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 Permian Resources 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 * 1.1615 | + | 0.528 * 1.2572 | + | 0.404 * 1.3392 | + | 0.892 * 1.4643 | + | 0.115 * 0.7959 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.6927 | + | 4.679 * -0.098959 | - | 0.327 * 1.042 |
| = | -2.09 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $481 Mil.
Revenue was 1122.686 + 758.541 + 623.398 + 616.268 = $3,121 Mil.
Gross Profit was 593.504 + 415.796 + 302.928 + 338.035 = $1,650 Mil.
Total Current Assets was $650 Mil.
Total Assets was $14,966 Mil.
Property, Plant and Equipment(Net PPE) was $14,139 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,008 Mil.
Selling, General, & Admin. Expense(SGA) was $162 Mil.
Total Current Liabilities was $1,242 Mil.
Long-Term Debt & Capital Lease Obligation was $3,877 Mil.
Net Income was 255.354 + 45.433 + 73.399 + 102.12 = $476 Mil.
Non Operating Income was 4.823 + -221.081 + -32.601 + -7.355 = $-256 Mil.
Cash Flow from Operations was 845.994 + 480.801 + 448.491 + 438.213 = $2,213 Mil.
|
Total Receivables was $283 Mil.
Revenue was 761.556 + 549.778 + 472.654 + 347.277 = $2,131 Mil.
Gross Profit was 485.969 + 369.312 + 335.881 + 225.643 = $1,417 Mil.
Total Current Assets was $464 Mil.
Total Assets was $8,493 Mil.
Property, Plant and Equipment(Net PPE) was $7,954 Mil.
Depreciation, Depletion and Amortization(DDA) was $445 Mil.
Selling, General, & Admin. Expense(SGA) was $160 Mil.
Total Current Liabilities was $606 Mil.
Long-Term Debt & Capital Lease Obligation was $2,182 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) |
| = | (481.06 / 3120.893) | / | (282.846 / 2131.265) |
| = | 0.154142 | / | 0.132713 |
| | = | 1.1615 |
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) |
| = | (1416.805 / 2131.265) | / | (1650.263 / 3120.893) |
| = | 0.664772 | / | 0.528779 |
| | = | 1.2572 |
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 - (650.392 + 14139.115) / 14965.578) | / | (1 - (463.79 + 7954.191) / 8492.592) |
| = | 0.011765 | / | 0.008785 |
| | = | 1.3392 |
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 |
| = | 3120.893 | / | 2131.265 |
| | = | 1.4643 |
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)) |
| = | (444.678 / (444.678 + 7954.191)) | / | (1007.576 / (1007.576 + 14139.115)) |
| = | 0.052945 | / | 0.066521 |
| | = | 0.7959 |
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) |
| = | (161.855 / 3120.893) | / | (159.554 / 2131.265) |
| = | 0.051862 | / | 0.074864 |
| | = | 0.6927 |
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) |
| = | ((3877.083 + 1241.553) / 14965.578) | / | ((2182.139 + 605.569) / 8492.592) |
| = | 0.342027 | / | 0.328252 |
| | = | 1.042 |
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 |
| = | (476.306 - -256.214 | - | 2213.499) | / | 14965.578 |
| | = | -0.098959 |
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.
Permian Resources has a M-score of -2.09 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PR has been successfully added to your