OneWater Marine Beneish M-Score Historical Data
The historical data trend for OneWater Marine'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.
OneWater Marine Beneish M-Score Chart
|
OneWater Marine Annual Data
|
|
Trend |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
Sep22 |
Sep23 |
Sep24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
-4.01 |
-2.28 |
-1.34 |
-1.13 |
-2.78 |
|
OneWater Marine Quarterly Data
|
|
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.81 |
-2.22 |
-2.78 |
-2.48 |
-2.89 |
Competitive Comparison of OneWater Marine's Beneish M-Score
For the Specialty Retail subindustry, OneWater Marine'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.
OneWater Marine's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, OneWater Marine's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where OneWater Marine's Beneish M-Score falls into.
OneWater Marine 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 OneWater Marine 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 * 0.8872 | + | 0.528 * 1.1006 | + | 0.404 * 1.0468 | + | 0.892 * 0.9378 | + | 0.115 * 1.0547 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0347 | + | 4.679 * -0.070497 | - | 0.327 * 0.9919 |
| = | -2.89 |
* 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 (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was $92 Mil.
Revenue was 483.521 + 375.814 + 377.855 + 542.441 = $1,780 Mil.
Gross Profit was 110.411 + 84.054 + 90.653 + 132.605 = $418 Mil.
Total Current Assets was $834 Mil.
Total Assets was $1,644 Mil.
Property, Plant and Equipment(Net PPE) was $228 Mil.
Depreciation, Depletion and Amortization(DDA) was $24 Mil.
Selling, General, & Admin. Expense(SGA) was $333 Mil.
Total Current Liabilities was $697 Mil.
Long-Term Debt & Capital Lease Obligation was $523 Mil.
Net Income was -0.368 + -11.971 + -9.249 + 14.683 = $-7 Mil.
Non Operating Income was -1.021 + -2.539 + -0.558 + 0.901 = $-3 Mil.
Cash Flow from Operations was 28.461 + -37.442 + 27.332 + 93.835 = $112 Mil.
|
Total Receivables was $110 Mil.
Revenue was 488.321 + 364.013 + 450.981 + 594.339 = $1,898 Mil.
Gross Profit was 120.362 + 91.443 + 119.007 + 159.434 = $490 Mil.
Total Current Assets was $911 Mil.
Total Assets was $1,713 Mil.
Property, Plant and Equipment(Net PPE) was $222 Mil.
Depreciation, Depletion and Amortization(DDA) was $25 Mil.
Selling, General, & Admin. Expense(SGA) was $344 Mil.
Total Current Liabilities was $750 Mil.
Long-Term Debt & Capital Lease Obligation was $531 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) |
| = | (91.639 / 1779.631) | / | (110.142 / 1897.654) |
| = | 0.051493 | / | 0.058041 |
| | = | 0.8872 |
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) |
| = | (490.246 / 1897.654) | / | (417.723 / 1779.631) |
| = | 0.258343 | / | 0.234725 |
| | = | 1.1006 |
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 - (833.703 + 227.911) / 1643.664) | / | (1 - (911.303 + 221.953) / 1712.614) |
| = | 0.354117 | / | 0.338289 |
| | = | 1.0468 |
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 |
| = | 1779.631 | / | 1897.654 |
| | = | 0.9378 |
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)) |
| = | (24.717 / (24.717 + 221.953)) | / | (23.925 / (23.925 + 227.911)) |
| = | 0.100203 | / | 0.095002 |
| | = | 1.0547 |
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) |
| = | (333.421 / 1779.631) | / | (343.603 / 1897.654) |
| = | 0.187354 | / | 0.181067 |
| | = | 1.0347 |
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) |
| = | ((522.871 + 696.777) / 1643.664) | / | ((531.071 + 750.109) / 1712.614) |
| = | 0.74203 | / | 0.748085 |
| | = | 0.9919 |
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 |
| = | (-6.905 - -3.217 | - | 112.186) | / | 1643.664 |
| | = | -0.070497 |
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.
OneWater Marine has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ONEW has been successfully added to your