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T-Mobile US Beneish M-Score

: -2.61 (As of Today)
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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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for T-Mobile US's Beneish M-Score or its related term are showing as below:

TMUS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.98   Med: -2.52   Max: 47.71
Current: -2.61

During the past 13 years, the highest Beneish M-Score of T-Mobile US was 47.71. The lowest was -3.98. And the median was -2.52.


T-Mobile US Beneish M-Score Historical Data

The historical data trend for T-Mobile US'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.

* Premium members only.

T-Mobile US Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.33 -2.39 -2.92 -1.95 -2.52

T-Mobile US Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Beneish M-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.31 -2.49 -2.52 -2.47 -2.61

Competitive Comparison

For the Telecom Services subindustry, T-Mobile US'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.

   

T-Mobile US Beneish M-Score Distribution

For the Telecommunication Services industry and Communication Services sector, T-Mobile US's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where T-Mobile US's Beneish M-Score falls into.



T-Mobile US 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 T-Mobile US 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 * 1.1018+0.528 * 1.0657+0.404 * 1.016+0.892 * 1.0114+0.115 * 1.1338
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1047+4.679 * -0.0584-0.327 * 0.9998
=-2.61

* 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 (Jun22) TTM:Last Year (Jun21) TTM:
Total Receivables was $9,595 Mil.
Revenue was 19701 + 20120 + 20785 + 19624 = $80,230 Mil.
Gross Profit was 10533 + 10447 + 10333 + 10941 = $42,254 Mil.
Total Current Assets was $17,476 Mil.
Total Assets was $209,463 Mil.
Property, Plant and Equipment(Net PPE) was $73,943 Mil.
Depreciation, Depletion and Amortization(DDA) was $15,093 Mil.
Selling, General, & Admin. Expense(SGA) was $21,522 Mil.
Total Current Liabilities was $20,622 Mil.
Long-Term Debt & Capital Lease Obligation was $100,560 Mil.
Net Income was -108 + 713 + 422 + 691 = $1,718 Mil.
Non Operating Income was -498 + -11 + -13 + -60 = $-582 Mil.
Cash Flow from Operations was 4209 + 3845 + 3000 + 3477 = $14,531 Mil.
Total Receivables was $8,610 Mil.
Revenue was 19950 + 19759 + 20341 + 19272 = $79,322 Mil.
Gross Profit was 11006 + 11233 + 10689 + 11591 = $44,519 Mil.
Total Current Assets was $20,570 Mil.
Total Assets was $204,124 Mil.
Property, Plant and Equipment(Net PPE) was $70,335 Mil.
Depreciation, Depletion and Amortization(DDA) was $16,735 Mil.
Selling, General, & Admin. Expense(SGA) was $19,262 Mil.
Total Current Liabilities was $21,837 Mil.
Long-Term Debt & Capital Lease Obligation was $96,278 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)
=(9595 / 80230) / (8610 / 79322)
=0.11959367 / 0.10854492
=1.1018

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)
=(44519 / 79322) / (42254 / 80230)
=0.56124404 / 0.52666085
=1.0657

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 - (17476 + 73943) / 209463) / (1 - (20570 + 70335) / 204124)
=0.56355538 / 0.55465795
=1.016

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
=80230 / 79322
=1.0114

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))
=(16735 / (16735 + 70335)) / (15093 / (15093 + 73943))
=0.19220168 / 0.1695157
=1.1338

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)
=(21522 / 80230) / (19262 / 79322)
=0.26825377 / 0.24283301
=1.1047

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)
=((100560 + 20622) / 209463) / ((96278 + 21837) / 204124)
=0.57853654 / 0.57864337
=0.9998

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
=(1718 - -582 - 14531) / 209463
=-0.0584

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.

T-Mobile US has a M-score of -2.61 suggests that the company is unlikely to be a manipulator.


T-Mobile US Beneish M-Score Related Terms

Thank you for viewing the detailed overview of T-Mobile US's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


T-Mobile US Business Description

T-Mobile US logo
Address
12920 SE 38th Street, Bellevue, WA, USA, 98006-1350
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm's scale now roughly matches its larger rivals: T-Mobile now serves 70 million postpaid and 21 million prepaid phone customers, equal to nearly 30% of the U.S. retail wireless market. In addition, the firm provides wholesale service to resellers.
Executives
Field Callie R officer: President, Business Group C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Nelson Mark Wolfe officer: EVP and General Counsel C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Softbank Group Corp director 1-7-1 KAIGAN MINATO-KU TOKYO M0 105-7537
Delaware Project 6 L.l.c. director ONE CIRCLE STAR WAY SAN CARLOS CA 94070
Long Letitia A director C/O CORPORATE OFFICE PROPERTIES TRUST 6711 COLUMBIA GATEWAY DRIVE, #300 COLUMBIA MD 21046
Holloway Bavan director 8501 NORTH SCOTTSDALE ROAD SUITE 100 SCOTTSDALE AZ 85253
Draper Dow officer: EVP, Emerging Products 1475 120TH AVE NE BELLEVUE WA 98005
Freier Jon officer: EVP, Consumer Markets C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Katz Michael J. officer: EVP, T-Mobile for Business C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Leroy Dominique director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Wilkens Michael director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Tazi Omar director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Claure Raul Marcelo director 2010 NW 84 AVENUE MIAMI FL 33122
Bazzano Dara officer: SVP & Chief Accounting Officer 100 NORTH SEPULVEDA BLVD. SUITE 1100 EL SEGUNDO CA 90245
Fisher Ronald D director, other: Resigned on 6/22/20 C/O SOFTBANK HOLDINGS INC 10 LANGLEY ROAD SUITE 403 NEWTON CENTER MA 02159

T-Mobile US Headlines

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