Sleep Number Beneish M-Score Historical Data
The historical data trend for Sleep Number'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.
Sleep Number Beneish M-Score Chart
|
Sleep Number Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.31 |
-2.79 |
-3.37 |
-2.43 |
-2.38 |
|
Sleep Number Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.43 |
-2.41 |
-2.65 |
-2.67 |
-2.38 |
Competitive Comparison of Sleep Number's Beneish M-Score
For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.
Sleep Number's Beneish M-Score Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sleep Number's Beneish M-Score falls into.
Sleep Number 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 Sleep Number 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 * 1.1569 | + | 0.528 * 0.986 | + | 0.404 * 1.0796 | + | 0.892 * 0.8927 | + | 0.115 * 0.8873 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0379 | + | 4.679 * 0.009958 | - | 0.327 * 1.0038 |
| = | -2.38 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $27 Mil.
Revenue was 429.518 + 472.648 + 458.789 + 526.527 = $1,887 Mil.
Gross Profit was 242.909 + 271.111 + 264.245 + 310.265 = $1,089 Mil.
Total Current Assets was $206 Mil.
Total Assets was $951 Mil.
Property, Plant and Equipment(Net PPE) was $575 Mil.
Depreciation, Depletion and Amortization(DDA) was $74 Mil.
Selling, General, & Admin. Expense(SGA) was $994 Mil.
Total Current Liabilities was $936 Mil.
Long-Term Debt & Capital Lease Obligation was $351 Mil.
Net Income was -25.188 + -2.318 + 0.754 + 11.465 = $-15 Mil.
Non Operating Income was -15.728 + 0 + 0 + 0 = $-16 Mil.
Cash Flow from Operations was -40.844 + 13.096 + 0.139 + 18.581 = $-9 Mil.
|
Total Receivables was $26 Mil.
Revenue was 497.528 + 540.566 + 549.073 + 527.13 = $2,114 Mil.
Gross Profit was 271.966 + 303.087 + 324.945 + 302.298 = $1,202 Mil.
Total Current Assets was $198 Mil.
Total Assets was $954 Mil.
Property, Plant and Equipment(Net PPE) was $598 Mil.
Depreciation, Depletion and Amortization(DDA) was $67 Mil.
Selling, General, & Admin. Expense(SGA) was $1,073 Mil.
Total Current Liabilities was $930 Mil.
Long-Term Debt & Capital Lease Obligation was $357 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) |
| = | (26.859 / 1887.482) | / | (26.005 / 2114.297) |
| = | 0.01423 | / | 0.0123 |
| | = | 1.1569 |
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) |
| = | (1202.296 / 2114.297) | / | (1088.53 / 1887.482) |
| = | 0.56865 | / | 0.57671 |
| | = | 0.986 |
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 - (206.128 + 574.914) / 950.88) | / | (1 - (197.758 + 598.36) / 953.936) |
| = | 0.178611 | / | 0.165439 |
| | = | 1.0796 |
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 |
| = | 1887.482 | / | 2114.297 |
| | = | 0.8927 |
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)) |
| = | (67.401 / (67.401 + 598.36)) | / | (74.043 / (74.043 + 574.914)) |
| = | 0.101239 | / | 0.114095 |
| | = | 0.8873 |
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) |
| = | (994.063 / 1887.482) | / | (1072.895 / 2114.297) |
| = | 0.526661 | / | 0.507448 |
| | = | 1.0379 |
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) |
| = | ((351.394 + 936.071) / 950.88) | / | ((356.879 + 929.813) / 953.936) |
| = | 1.353972 | / | 1.348824 |
| | = | 1.0038 |
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 |
| = | (-15.287 - -15.728 | - | -9.028) | / | 950.88 |
| | = | 0.009958 |
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.
Sleep Number has a M-score of -2.38 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SNBR has been successfully added to your