Alphabet(Google) Beneish M-Score Historical Data
The historical data trend for Alphabet(Google)'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.
|
Alphabet(Google) Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| Beneish M-Score |
|
|
|
|
|
|
-2.76 |
-2.70 |
-2.73 |
-2.79 |
-2.48 |
|
Alphabet(Google) Quarterly Data
|
|
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
| Beneish M-Score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.41 |
-2.47 |
-2.48 |
-2.58 |
-2.65 |
Competitive Comparison
For the Internet Content & Information subindustry, Alphabet(Google)'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.
Alphabet(Google) Beneish M-Score Distribution
For the Interactive Media industry and Communication Services sector, Alphabet(Google)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Alphabet(Google)'s Beneish M-Score falls into.
Alphabet(Google) 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 Alphabet(Google) 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 * 0.8937 | + | 0.528 * 0.982 | + | 0.404 * 1.0846 | + | 0.892 * 1.2627 | + | 0.115 * 1.0197 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0206 | + | 4.679 * -0.0693 | - | 0.327 * 1.0147 |
| = | -2.65 |
* 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 (Jun22) TTM: | Last Year (Jun21) TTM: |
Total Receivables was $37,073 Mil.
Revenue was 69685 + 68011 + 75325 + 65118 = $278,139 Mil.
Gross Profit was 39581 + 38412 + 42337 + 37497 = $157,827 Mil.
Total Current Assets was $172,371 Mil.
Total Assets was $355,185 Mil.
Property, Plant and Equipment(Net PPE) was $119,621 Mil.
Depreciation, Depletion and Amortization(DDA) was $14,424 Mil.
Selling, General, & Admin. Expense(SGA) was $40,002 Mil.
Total Current Liabilities was $61,354 Mil.
Long-Term Debt & Capital Lease Obligation was $26,431 Mil.
Net Income was 16002 + 16436 + 20642 + 18936 = $72,016 Mil.
Non Operating Income was -842 + -1491 + 2256 + 1723 = $1,646 Mil.
Cash Flow from Operations was 19422 + 25106 + 24934 + 25539 = $95,001 Mil.
|
Total Receivables was $32,851 Mil.
Revenue was 61880 + 55314 + 56898 + 46173 = $220,265 Mil.
Gross Profit was 35653 + 31211 + 30818 + 25056 = $122,738 Mil.
Total Current Assets was $175,697 Mil.
Total Assets was $335,387 Mil.
Property, Plant and Equipment(Net PPE) was $104,675 Mil.
Depreciation, Depletion and Amortization(DDA) was $12,901 Mil.
Selling, General, & Admin. Expense(SGA) was $31,038 Mil.
Total Current Liabilities was $55,741 Mil.
Long-Term Debt & Capital Lease Obligation was $25,947 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) |
| = | (37073 / 278139) | / | (32851 / 220265) |
| = | 0.13328947 | / | 0.14914308 |
| | = | 0.8937 |
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) |
| = | (122738 / 220265) | / | (157827 / 278139) |
| = | 0.55722879 | / | 0.5674393 |
| | = | 0.982 |
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 - (172371 + 119621) / 355185) | / | (1 - (175697 + 104675) / 335387) |
| = | 0.17791573 | / | 0.16403438 |
| | = | 1.0846 |
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 |
| = | 278139 | / | 220265 |
| | = | 1.2627 |
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)) |
| = | (12901 / (12901 + 104675)) | / | (14424 / (14424 + 119621)) |
| = | 0.10972477 | / | 0.10760565 |
| | = | 1.0197 |
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) |
| = | (40002 / 278139) | / | (31038 / 220265) |
| = | 0.14382018 | / | 0.14091208 |
| | = | 1.0206 |
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) |
| = | ((26431 + 61354) / 355185) | / | ((25947 + 55741) / 335387) |
| = | 0.24715289 | / | 0.24356341 |
| | = | 1.0147 |
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 |
| = | (72016 - 1646 | - | 95001) | / | 355185 |
| | = | -0.0693 |
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.
Alphabet(Google) has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.54(0.45%) Volume: 15,608,814 10:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NAS:GOOG has been successfully added to your 
