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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.
The historical rank and industry rank for Support.com's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Support.com was 0.00. The lowest was 0.00. And the median was 0.00.
The historical data trend for Support.com'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.
Support.com Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Beneish M-Score | Get a 7-Day Free Trial | -2.88 | -1.95 | -2.83 | -1.47 | -3.48 |
Support.com Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Beneish M-Score | Get a 7-Day Free Trial | -3.36 | -3.44 | -3.48 | -3.53 | -3.47 |
For the Software - Application subindustry, Support.com'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 Software industry and Technology sector, Support.com's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Support.com'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 Support.com 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 * 0.9969 | + | 0.528 * 0.9252 | + | 0.404 * 0.3825 | + | 0.892 * 0.7569 | + | 0.115 * 0.6965 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.5716 | + | 4.679 * -0.082948 | - | 0.327 * 0.882 | |||||||
= | -3.47 |
* 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 (Jun21) TTM: | Last Year (Jun20) TTM: |
Total Receivables was $5.47 Mil. Revenue was 8.512 + 9.631 + 10.543 + 10.338 = $39.02 Mil. Gross Profit was 3.02 + 3.536 + 3.774 + 3.072 = $13.40 Mil. Total Current Assets was $44.57 Mil. Total Assets was $46.01 Mil. Property, Plant and Equipment(Net PPE) was $1.06 Mil. Depreciation, Depletion and Amortization(DDA) was $0.36 Mil. Selling, General, & Admin. Expense(SGA) was $19.03 Mil. Total Current Liabilities was $4.85 Mil. Long-Term Debt & Capital Lease Obligation was $0.00 Mil. Net Income was -0.799 + -1.994 + 0.019 + -0.554 = $-3.33 Mil. Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil. Cash Flow from Operations was -0.646 + 0.938 + 0.198 + -0.002 = $0.49 Mil. |
Total Receivables was $7.25 Mil. Revenue was 11.034 + 11.949 + 13.325 + 15.249 = $51.56 Mil. Gross Profit was 3.862 + 4.235 + 3.644 + 4.641 = $16.38 Mil. Total Current Assets was $37.53 Mil. Total Assets was $39.74 Mil. Property, Plant and Equipment(Net PPE) was $1.35 Mil. Depreciation, Depletion and Amortization(DDA) was $0.29 Mil. Selling, General, & Admin. Expense(SGA) was $16.00 Mil. Total Current Liabilities was $4.75 Mil. Long-Term Debt & Capital Lease Obligation was $0.00 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) |
= | (5.47 / 39.024) | / | (7.249 / 51.557) | |
= | 0.14017 | / | 0.140602 | |
= | 0.9969 |
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) | |
= | (16.382 / 51.557) | / | (13.402 / 39.024) | |
= | 0.317745 | / | 0.34343 | |
= | 0.9252 |
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 - (44.567 + 1.055) / 46.005) | / | (1 - (37.526 + 1.351) / 39.742) | |
= | 0.008325 | / | 0.021765 | |
= | 0.3825 |
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 | |
= | 39.024 | / | 51.557 | |
= | 0.7569 |
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)) |
= | (0.288 / (0.288 + 1.351)) | / | (0.356 / (0.356 + 1.055)) | |
= | 0.175717 | / | 0.252303 | |
= | 0.6965 |
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) |
= | (19.028 / 39.024) | / | (15.996 / 51.557) | |
= | 0.487597 | / | 0.310259 | |
= | 1.5716 |
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) |
= | ((0 + 4.851) / 46.005) | / | ((0 + 4.751) / 39.742) | |
= | 0.105445 | / | 0.119546 | |
= | 0.882 |
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 | |
= | (-3.328 - 0 | - | 0.488) | / | 46.005 | |
= | -0.082948 |
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.
Support.com has a M-score of -3.47 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of Support.com's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Shelly B. Schaffer | officer: EVP CFO | 1900 SEAPORT BLVD., 3RD FLOOR REDWOOD CITY CA 94063 |
Lance Rosenzweig | director, officer: President and CEO | 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305 |
Joshua Schechter | director | C/O THE PANTRY, INC., 305 GREGSON DRIVE, CARY NC 27511 |
Bradley Louis Radoff | director | 2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098 |
Christine A. Kowalczyk | officer: Chief Operating Officer | 1200 CROSSMAN AVE. SUITE 210 SUNNYAVALE CA 94089 |
Richard A Bloom | director, officer: Principal Financial Officer | 1621 18TH STREET SUITE 250 DENVER CO 80202 |
Brian J Kelley | director | |
Eric Singer | director | 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160 |
Chris Koverman | officer: VP, Product & Engineering | 900 CHESAPEAKE DRIVE, FLOOR 2 REDWOOD CITY CA 94063 |
Roop Kalyan Lakkaraju | officer: EVP, CFO & COO | BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281 |
Elizabeth Cholawsky | officer: President & CEO | 1636 LA VISTA DEL OCEANO, SANTA BARBARA CA 93109 |
Timothy S Stanley | director | 107 FOUNTAINHEAD CIRCLE HENDERSON NV 89052 |
Jim Stephens | director | 900 CHESAPEAKE DR, 2ND FLOOR REDWOOD CITY CA 94063 |
Toni Portmann | director | 900 CHESAPEAKE DR, 2ND FLOOR REDWOOD CITY CA 94063 |
O Malley J Martin | director | 900 CHESAPEAKE DR, 2ND FLOOR REDWOOD CITY CA 94063 |
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