Market Cap : 45.96 B | Enterprise Value : 45.22 B | PE Ratio : At Loss | PB Ratio : 41.76 |
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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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for CrowdStrike Holdings's Beneish M-Score or its related term are showing as below:
During the past 6 years, the highest Beneish M-Score of CrowdStrike Holdings was -2.11. The lowest was -3.06. And the median was -2.84.
The historical data trend for CrowdStrike Holdings'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.
For the Software - Infrastructure subindustry, CrowdStrike Holdings'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.
For the Software industry and Technology sector, CrowdStrike Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CrowdStrike Holdings's Beneish M-Score falls into.
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 CrowdStrike Holdings 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 * 1.0669 | + | 0.528 * 1.0032 | + | 0.404 * 0.9252 | + | 0.892 * 1.6379 | + | 0.115 * 0.9459 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 0.9605 | + | 4.679 * -0.2163 | - | 0.327 * 0.9682 | |||||||
= | -2.88 |
* 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 (Apr22) TTM: | Last Year (Apr21) TTM: |
Total Receivables was $369 Mil. Revenue was 487.834 + 431.01 + 380.051 + 337.69 = $1,637 Mil. Gross Profit was 361.002 + 318.39 + 278.387 + 247.258 = $1,205 Mil. Total Current Assets was $2,733 Mil. Total Assets was $3,836 Mil. Property, Plant and Equipment(Net PPE) was $345 Mil. Depreciation, Depletion and Amortization(DDA) was $75 Mil. Selling, General, & Admin. Expense(SGA) was $924 Mil. Total Current Liabilities was $1,497 Mil. Long-Term Debt & Capital Lease Obligation was $762 Mil. Net Income was -31.523 + -41.98 + -50.455 + -57.318 = $-181 Mil. Non Operating Income was 3.212 + 1.679 + 0.69 + 0.619 = $6 Mil. Cash Flow from Operations was 214.957 + 159.718 + 159.058 + 108.475 = $642 Mil. |
Total Receivables was $211 Mil. Revenue was 302.843 + 264.929 + 232.46 + 198.971 = $999 Mil. Gross Profit was 224.338 + 198.197 + 170.933 + 144.58 = $738 Mil. Total Current Assets was $2,038 Mil. Total Assets was $2,881 Mil. Property, Plant and Equipment(Net PPE) was $228 Mil. Depreciation, Depletion and Amortization(DDA) was $46 Mil. Selling, General, & Admin. Expense(SGA) was $587 Mil. Total Current Liabilities was $983 Mil. Long-Term Debt & Capital Lease Obligation was $770 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) |
= | (369.13 / 1636.585) | / | (211.233 / 999.203) | |
= | 0.22554893 | / | 0.21140149 | |
= | 1.0669 |
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) | |
= | (738.048 / 999.203) | / | (1205.037 / 1636.585) | |
= | 0.73863669 | / | 0.73631189 | |
= | 1.0032 |
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 - (2733.058 + 345.01) / 3835.835) | / | (1 - (2038.003 + 227.993) / 2881.171) | |
= | 0.19754943 | / | 0.21351562 | |
= | 0.9252 |
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 | |
= | 1636.585 | / | 999.203 | |
= | 1.6379 |
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)) |
= | (46.244 / (46.244 + 227.993)) | / | (74.848 / (74.848 + 345.01)) | |
= | 0.16862787 | / | 0.1782698 | |
= | 0.9459 |
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) |
= | (923.619 / 1636.585) | / | (587.076 / 999.203) | |
= | 0.56435749 | / | 0.58754427 | |
= | 0.9605 |
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) |
= | ((762.086 + 1497.103) / 3835.835) | / | ((769.858 + 982.765) / 2881.171) | |
= | 0.58896929 | / | 0.60830232 | |
= | 0.9682 |
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 | |
= | (-181.276 - 6.2 | - | 642.208) | / | 3835.835 | |
= | -0.2163 |
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.
CrowdStrike Holdings has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of CrowdStrike Holdings's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Saha Anurag | officer: CHIEF ACCOUNTING OFFICER | 206 E. 9TH STREET SUITE 1400 AUSTIN TX 78701 |
Schumacher Laura J | director | 1 N. WAUKEGAN ROAD NORTH CHICAGO IL 60064 |
Carpenter Michael J. | officer: PRES., GLBAL SALES & FLD OPS | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVALE CA 94086 |
Maheshwari Abhishek | officer: CHIEF ACCOUNTING OFFICER | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVALE CA 94086 |
Henry Shawn | officer: Please see remarks | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVALE CA 94086 |
Sexton Joseph E. | director | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVALE CA 94086 |
Alphabet Inc. | 10 percent owner | 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 |
Black Colin | officer: CHIEF OPERATING OFFICER | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVAL CA 94086 |
Podbere Burt W. | officer: CHIEF FINANCIAL OFFICER | CROWDSTRIKE HOLDINGS, INC. 150 MATHILDA PLACE, SUITE 300 SUNNYVALE CA 94086 |
Gandhi Sameer K | director, 10 percent owner | |
Accel London Iii Lp | 10 percent owner | C/O ACCEL PARTNERS 428 UNIVERSITY AVENUE PALO ALTO CA 94301 |
Accel London Iii Associates L.l.c. | 10 percent owner | 428 UNIVERSITY AVENUE PALO ALTO CA 94301 |
Accel London Iii Associates L.p. | 10 percent owner | 500 UNIVERSITY AVENUE PALO ALTO CA 94301 |
Accel London Investors 2012 L.p. | 10 percent owner | 428 UNIVERSITY AVE PALO ALTO CA 94301 |
Accel Growth Fund Investors 2013 L.l.c. | 10 percent owner | 428 UNIVERSITY AVE PALO ALTO CA 94301 |
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