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Kirkland's Beneish M-Score

: -2.49 (As of Today)
View and export this data going back to 2002. Start your Free Trial

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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Kirkland's's Beneish M-Score or its related term are showing as below:

NAS:KIRK' s Beneish M-Score Range Over the Past 10 Years
Min: -4.28   Med: -2.98   Max: -1.96
Current: -2.49

-4.28
-1.96

During the past 13 years, the highest Beneish M-Score of Kirkland's was -1.96. The lowest was -4.28. And the median was -2.98.


Kirkland's Beneish M-Score Historical Data

The historical data trend for Kirkland's'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.

* Premium members only.

Kirkland's Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.42 -2.99 -2.75 -3.28 -3.33

Kirkland's Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Beneish M-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.35 -3.26 -3.33 -3.14 -2.49

Competitive Comparison

For the Specialty Retail subindustry, Kirkland's'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.

   

Kirkland's Beneish M-Score Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kirkland's's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Kirkland's's Beneish M-Score falls into.



Kirkland's 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 Kirkland's 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+0.528 * 0.7489+0.404 * 1.1313+0.892 * 1.0424+0.115 * 0.9507
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8274+4.679 * -0.0037-0.327 * 0.9077
=-2.48

* 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 (Jul21) TTM:Last Year (Jul20) TTM:
Accounts Receivable was $0.0 Mil.
Revenue was 114.79 + 123.569 + 194.918 + 146.609 = $579.9 Mil.
Gross Profit was 39.698 + 40.255 + 74.011 + 52.871 = $206.8 Mil.
Total Current Assets was $146.0 Mil.
Total Assets was $345.1 Mil.
Property, Plant and Equipment(Net PPE) was $192.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $21.8 Mil.
Selling, General, & Admin. Expense(SGA) was $87.5 Mil.
Total Current Liabilities was $124.6 Mil.
Long-Term Debt & Capital Lease Obligation was $130.0 Mil.
Net Income was 0.626 + 1.719 + 21.084 + 12.356 = $35.8 Mil.
Non Operating Income was 0.075 + -0.23 + -0.256 + -0.091 = $-0.5 Mil.
Cash Flow from Operations was -13.199 + -24.955 + 64.074 + 11.657 = $37.6 Mil.
Accounts Receivable was $0.0 Mil.
Revenue was 124.722 + 77.247 + 209.411 + 144.936 = $556.3 Mil.
Gross Profit was 35.72 + 10.236 + 62.506 + 40.136 = $148.6 Mil.
Total Current Assets was $119.3 Mil.
Total Assets was $363.3 Mil.
Property, Plant and Equipment(Net PPE) was $238.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $25.4 Mil.
Selling, General, & Admin. Expense(SGA) was $101.5 Mil.
Total Current Liabilities was $115.0 Mil.
Long-Term Debt & Capital Lease Obligation was $180.2 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Accounts Receivable 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)
=(0 / 579.886) / (0 / 556.316)
=0 / 0
=1

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)
=(148.598 / 556.316) / (206.835 / 579.886)
=0.26711078 / 0.35668218
=0.7489

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 - (146.044 + 192.713) / 345.125) / (1 - (119.272 + 238.069) / 363.266)
=0.01845129 / 0.01631036
=1.1313

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
=579.886 / 556.316
=1.0424

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))
=(25.411 / (25.411 + 238.069)) / (21.756 / (21.756 + 192.713))
=0.09644375 / 0.10144123
=0.9507

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)
=(87.532 / 579.886) / (101.491 / 556.316)
=0.15094691 / 0.18243408
=0.8274

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)
=((129.985 + 124.557) / 345.125) / ((180.18 + 114.98) / 363.266)
=0.73753568 / 0.81251755
=0.9077

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
=(35.785 - -0.502 - 37.577) / 345.125
=-0.0037

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.

Kirkland's has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.


Kirkland's Beneish M-Score Related Terms

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Kirkland's Business Description

Kirkland's logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 442299 SIC : 5999
Traded in Other Exchanges
Address
5310 Maryland Way, Brentwood, TN, USA, 37027
Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.
Executives
Martin Jeffrey T. officer: Sr. VP of Omni-Channel Retail 5310 MARYLAND WAY BRENTWOOD TN 37027
Collins Steven J director 29 VINTON STREET, #5 BOSTON MA 02127
Woodward Steven C director, officer: President and CEO 550 BAILEY AVENUE FORT WORTH TX 76107
Strain Nicole Allyson officer: Chief Financial Officer 5310 MARYLAND WAY BRENTWOOD TN 37027
Pleas Charles Iii director 123 S. FRONT STREET DEPT. 8074 MEMPHIS TN 38103
Lanigan Susan S director 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Cairnes Mike officer: President and COO 5310 MARYLAND WAY BRENTWOOD TN 37027
Sandfort Gregory A director TRACTOR SUPPLY COMPANY 5401 VIRGINIA WAY BRENTWOOD TN 37027
Spain Murray director C/O B&M LEASING 283 2ND STREET PIKE SUITE 110 SOUTHAMPTON PA 18966
Parks Ralph T director 451 INDUSTRIAL LANE BIRMINGHAM AL 35211
Global Private Equity Ii Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Direct Investment Program Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Partners Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Corp/ma other: Member of Group > 10% 800 BOYLSTON STREET SUITE 3300 BOSTON MA 02199

Kirkland's Headlines

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