Market Cap : 133.18 M | Enterprise Value : 107.11 M | PE Ratio : 24.41 | PB Ratio : 1.49 |
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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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Randolph Bancorp's Beneish M-Score or its related term are showing as below:
During the past 8 years, the highest Beneish M-Score of Randolph Bancorp was -1.75. The lowest was -3.05. And the median was -2.26.
The historical data trend for Randolph Bancorp'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 Banks - Regional subindustry, Randolph Bancorp'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 Banks industry and Financial Services sector, Randolph Bancorp's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Randolph Bancorp'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 Randolph Bancorp 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 * 1.7638 | + | 0.528 * 1 | + | 0.404 * 0.9866 | + | 0.892 * 0.5416 | + | 0.115 * 1.5356 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.4163 | + | 4.679 * -0.1431 | - | 0.327 * 0.7185 | |||||||
= | -2.78 |
* 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 (Mar22) TTM: | Last Year (Mar21) TTM: |
Accounts Receivable was $1.43 Mil. Revenue was 7.459 + 10.229 + 14.125 + 12.015 = $43.83 Mil. Gross Profit was 7.459 + 10.229 + 14.125 + 12.015 = $43.83 Mil. Total Current Assets was $121.34 Mil. Total Assets was $770.28 Mil. Property, Plant and Equipment(Net PPE) was $7.72 Mil. Depreciation, Depletion and Amortization(DDA) was $3.81 Mil. Selling, General, & Admin. Expense(SGA) was $27.14 Mil. Total Current Liabilities was $0.00 Mil. Long-Term Debt & Capital Lease Obligation was $45.00 Mil. Net Income was -0.235 + 0.786 + 3.126 + 1.577 = $5.25 Mil. Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil. Cash Flow from Operations was 18.777 + 67.847 + 7.844 + 21.029 = $115.50 Mil. |
Accounts Receivable was $1.50 Mil. Revenue was 17.514 + 20.627 + 24.543 + 18.232 = $80.92 Mil. Gross Profit was 17.514 + 20.627 + 24.543 + 18.232 = $80.92 Mil. Total Current Assets was $110.60 Mil. Total Assets was $738.19 Mil. Property, Plant and Equipment(Net PPE) was $4.71 Mil. Depreciation, Depletion and Amortization(DDA) was $4.86 Mil. Selling, General, & Admin. Expense(SGA) was $35.37 Mil. Total Current Liabilities was $0.00 Mil. Long-Term Debt & Capital Lease Obligation was $60.02 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) |
= | (1.434 / 43.828) | / | (1.501 / 80.916) | |
= | 0.03271881 | / | 0.0185501 | |
= | 1.7638 |
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) | |
= | (80.916 / 80.916) | / | (43.828 / 43.828) | |
= | 1 | / | 1 | |
= | 1 |
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 - (121.342 + 7.718) / 770.284) | / | (1 - (110.599 + 4.709) / 738.188) | |
= | 0.83245141 | / | 0.84379589 | |
= | 0.9866 |
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 | |
= | 43.828 | / | 80.916 | |
= | 0.5416 |
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)) |
= | (4.856 / (4.856 + 4.709)) | / | (3.812 / (3.812 + 7.718)) | |
= | 0.50768427 | / | 0.33061578 | |
= | 1.5356 |
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) |
= | (27.136 / 43.828) | / | (35.374 / 80.916) | |
= | 0.61914758 | / | 0.43716941 | |
= | 1.4163 |
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) |
= | ((45 + 0) / 770.284) | / | ((60.024 + 0) / 738.188) | |
= | 0.05842001 | / | 0.08131262 | |
= | 0.7185 |
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 | |
= | (5.254 - 0 | - | 115.497) | / | 770.284 | |
= | -0.1431 |
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.
Randolph Bancorp has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of Randolph Bancorp's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kirwin Ryan J. | officer: EVP/Residential Lending | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Parent William M | director, officer: President and CEO | C/O GRAIL INVESTMENT CORP. 767 THIRD AVENUE, 21ST FLOOR NEW YORK NY 10017 |
Olson Richard D. Jr. | officer: SVP/Retail & Marketing | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Pierce Richard C. | director | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Wentzell Janis E. | director | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Welch James G. | director | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Trubiano Louis J. | director | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Joyce Daniel M. | director | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Messmore Lauren | officer: EVP, CFO and Treasurer | 320 NORWOOD PARK SOUTH NORWOOD MA 02062 |
Quigley Kenneth K Jr | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: QUIGLEY KENNETH K JR a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Foresta Thomas A. | officer: SVP/CIO | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Curry Nancy J. | officer: SVP/Commercial Lending | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Thaxter Donna L. | officer: SVP/Residential Operations | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Devlin Michael K | officer: EVP, CFO and Treasurer | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
Mcdonough James P | director, officer: President and CEO | C/O RANDOLPH BANCORP, INC. 10 CABOT PLACE STOUGHTON MA 02072 |
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