Sprouts Farmers Market Beneish M-Score Historical Data
The historical data trend for Sprouts Farmers Market'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.
Sprouts Farmers Market Beneish M-Score Chart
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Sprouts Farmers Market Annual Data
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Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
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-2.44 |
-2.27 |
-2.63 |
-2.22 |
-3.04 |
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Sprouts Farmers Market Quarterly Data
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Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
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-1.12 |
-1.58 |
-2.32 |
-3.04 |
-2.06 |
Competitive Comparison of Sprouts Farmers Market's Beneish M-Score
For the Grocery Stores subindustry, Sprouts Farmers Market'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.
Sprouts Farmers Market's Beneish M-Score Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Sprouts Farmers Market's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sprouts Farmers Market's Beneish M-Score falls into.
Sprouts Farmers Market 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 Sprouts Farmers Market 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 * 1.7086 | + | 0.528 * 0.9649 | + | 0.404 * 0.9336 | + | 0.892 * 1.1551 | + | 0.115 * 1.0492 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0009 | + | 4.679 * -0.071029 | - | 0.327 * 1.0042 |
| = | -2.06 |
* 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 $72 Mil.
Revenue was 2236.436 + 1996.228 + 1945.735 + 1893.519 = $8,072 Mil.
Gross Profit was 886.363 + 759.89 + 740.923 + 718.365 = $3,106 Mil.
Total Current Assets was $732 Mil.
Total Assets was $3,738 Mil.
Property, Plant and Equipment(Net PPE) was $2,401 Mil.
Depreciation, Depletion and Amortization(DDA) was $279 Mil.
Selling, General, & Admin. Expense(SGA) was $2,375 Mil.
Total Current Liabilities was $772 Mil.
Long-Term Debt & Capital Lease Obligation was $1,563 Mil.
Net Income was 180.026 + 79.602 + 91.61 + 95.289 = $447 Mil.
Non Operating Income was -1.706 + -3.928 + -3.732 + -3.192 = $-13 Mil.
Cash Flow from Operations was 299.089 + 124.863 + 209.056 + 91.6 = $725 Mil.
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Total Receivables was $36 Mil.
Revenue was 1883.808 + 1698.545 + 1713.282 + 1692.247 = $6,988 Mil.
Gross Profit was 722.313 + 620.373 + 625.434 + 625.972 = $2,594 Mil.
Total Current Assets was $697 Mil.
Total Assets was $3,472 Mil.
Property, Plant and Equipment(Net PPE) was $2,173 Mil.
Depreciation, Depletion and Amortization(DDA) was $266 Mil.
Selling, General, & Admin. Expense(SGA) was $2,054 Mil.
Total Current Liabilities was $586 Mil.
Long-Term Debt & Capital Lease Obligation was $1,574 Mil.
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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) |
| = | (71.661 / 8071.918) | / | (36.306 / 6987.882) |
| = | 0.008878 | / | 0.005196 |
| | = | 1.7086 |
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) |
| = | (2594.092 / 6987.882) | / | (3105.541 / 8071.918) |
| = | 0.371227 | / | 0.384734 |
| | = | 0.9649 |
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 - (732.293 + 2400.785) / 3738.258) | / | (1 - (697.494 + 2172.822) / 3472.415) |
| = | 0.161888 | / | 0.173395 |
| | = | 0.9336 |
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 |
| = | 8071.918 | / | 6987.882 |
| | = | 1.1551 |
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)) |
| = | (266.236 / (266.236 + 2172.822)) | / | (278.771 / (278.771 + 2400.785)) |
| = | 0.109155 | / | 0.104036 |
| | = | 1.0492 |
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) |
| = | (2374.805 / 8071.918) | / | (2054.013 / 6987.882) |
| = | 0.294206 | / | 0.293939 |
| | = | 1.0009 |
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) |
| = | ((1563.474 + 771.988) / 3738.258) | / | ((1574.443 + 585.948) / 3472.415) |
| = | 0.624746 | / | 0.622158 |
| | = | 1.0042 |
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 |
| = | (446.527 - -12.558 | - | 724.608) | / | 3738.258 |
| | = | -0.071029 |
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.
Sprouts Farmers Market has a M-score of -2.06 suggests that the company is unlikely to be a manipulator.
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