Uniti Group Beneish M-Score Historical Data
The historical data trend for Uniti Group'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.
Uniti Group Beneish M-Score Chart
|
Uniti Group Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.50 |
-2.72 |
-2.82 |
-2.44 |
-2.55 |
|
Uniti Group 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.44 |
-2.44 |
-2.63 |
-2.48 |
-2.55 |
Competitive Comparison of Uniti Group's Beneish M-Score
For the REIT - Specialty subindustry, Uniti Group'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.
Uniti Group's Beneish M-Score Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Uniti Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Uniti Group's Beneish M-Score falls into.
Uniti Group 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 Uniti Group 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 * 1.2123 | + | 0.528 * 1 | + | 0.404 * 0.7805 | + | 0.892 * 1.0186 | + | 0.115 * 1.0071 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9987 | + | 4.679 * -0.040453 | - | 0.327 * 1.0206 |
| = | -2.55 |
* 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 $137 Mil.
Revenue was 285.656 + 290.655 + 283.698 + 289.822 = $1,150 Mil.
Gross Profit was 285.656 + 290.655 + 283.698 + 289.822 = $1,150 Mil.
Total Current Assets was $228 Mil.
Total Assets was $5,025 Mil.
Property, Plant and Equipment(Net PPE) was $4,107 Mil.
Depreciation, Depletion and Amortization(DDA) was $311 Mil.
Selling, General, & Admin. Expense(SGA) was $103 Mil.
Total Current Liabilities was $1,727 Mil.
Long-Term Debt & Capital Lease Obligation was $5,626 Mil.
Net Income was -7.24 + -80.897 + 25.626 + -19.202 = $-82 Mil.
Non Operating Income was -48.858 + -154.452 + -5.285 + -22.967 = $-232 Mil.
Cash Flow from Operations was 162.554 + -9.256 + 185.269 + 14.562 = $353 Mil.
|
Total Receivables was $111 Mil.
Revenue was 283.735 + 283.103 + 283.975 + 278.034 = $1,129 Mil.
Gross Profit was 283.735 + 283.103 + 283.975 + 278.034 = $1,129 Mil.
Total Current Assets was $155 Mil.
Total Assets was $4,851 Mil.
Property, Plant and Equipment(Net PPE) was $3,843 Mil.
Depreciation, Depletion and Amortization(DDA) was $293 Mil.
Selling, General, & Admin. Expense(SGA) was $101 Mil.
Total Current Liabilities was $1,685 Mil.
Long-Term Debt & Capital Lease Obligation was $5,271 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) |
| = | (137.346 / 1149.831) | / | (111.226 / 1128.847) |
| = | 0.119449 | / | 0.098531 |
| | = | 1.2123 |
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) |
| = | (1128.847 / 1128.847) | / | (1149.831 / 1149.831) |
| = | 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 - (228.215 + 4107.174) / 5025.129) | / | (1 - (155.029 + 3843.092) / 4851.229) |
| = | 0.137258 | / | 0.175854 |
| | = | 0.7805 |
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 |
| = | 1149.831 | / | 1128.847 |
| | = | 1.0186 |
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)) |
| = | (292.788 / (292.788 + 3843.092)) | / | (310.528 / (310.528 + 4107.174)) |
| = | 0.070792 | / | 0.070292 |
| | = | 1.0071 |
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) |
| = | (102.732 / 1149.831) | / | (100.992 / 1128.847) |
| = | 0.089345 | / | 0.089465 |
| | = | 0.9987 |
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) |
| = | ((5626.094 + 1726.76) / 5025.129) | / | ((5270.691 + 1684.652) / 4851.229) |
| = | 1.463217 | / | 1.433728 |
| | = | 1.0206 |
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 |
| = | (-81.713 - -231.562 | - | 353.129) | / | 5025.129 |
| | = | -0.040453 |
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.
Uniti Group has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
UNIT has been successfully added to your