GURUFOCUS.COM » STOCK LIST » USA » NAS » WillScot Mobile Mini Holdings Corp (NAS:WSC) » Definitions » Beneish M-Score
Switch to:

WillScot Mobile Mini Holdings Beneish M-Score

: -2.66 (As of Today)
View and export this data going back to 2015. Start your Free Trial

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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for WillScot Mobile Mini Holdings's Beneish M-Score or its related term are showing as below:

WSC' s Beneish M-Score Range Over the Past 10 Years
Min: -459.73   Med: -2.55   Max: -0.84
Current: -2.66

During the past 7 years, the highest Beneish M-Score of WillScot Mobile Mini Holdings was -0.84. The lowest was -459.73. And the median was -2.55.


WillScot Mobile Mini Holdings Beneish M-Score Historical Data

The historical data trend for WillScot Mobile Mini Holdings'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.

WillScot Mobile Mini Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Beneish M-Score
Premium Member Only Premium Member Only -1.91 -0.84 -2.55 -1.74 -2.62

WillScot Mobile Mini Holdings 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 -1.41 -2.63 -2.62 -2.61 -2.66

Competitive Comparison

For the Rental & Leasing Services subindustry, WillScot Mobile Mini Holdings'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.

   

WillScot Mobile Mini Holdings Beneish M-Score Distribution

For the Business Services industry and Industrials sector, WillScot Mobile Mini Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where WillScot Mobile Mini Holdings's Beneish M-Score falls into.



WillScot Mobile Mini Holdings 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 WillScot Mobile Mini Holdings 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 * 1.0019+0.528 * 0.9576+0.404 * 0.9055+0.892 * 1.2054+0.115 * 1.0425
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.03+4.679 * -0.0582-0.327 * 1.107
=-2.66

* 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 $441 Mil.
Revenue was 581.642 + 508.894 + 517.92 + 490.552 = $2,099 Mil.
Gross Profit was 308.873 + 266.815 + 278.469 + 253.549 = $1,108 Mil.
Total Current Assets was $540 Mil.
Total Assets was $5,979 Mil.
Property, Plant and Equipment(Net PPE) was $3,815 Mil.
Depreciation, Depletion and Amortization(DDA) was $326 Mil.
Selling, General, & Admin. Expense(SGA) was $585 Mil.
Total Current Liabilities was $597 Mil.
Long-Term Debt & Capital Lease Obligation was $3,202 Mil.
Net Income was 73.376 + 51.171 + 74.223 + 61.103 = $260 Mil.
Non Operating Income was 0.222 + -0.401 + -1.05 + -2.887 = $-4 Mil.
Cash Flow from Operations was 188.326 + 145.527 + 147.847 + 130.447 = $612 Mil.
Total Receivables was $365 Mil.
Revenue was 461.102 + 425.323 + 437.647 + 417.315 = $1,741 Mil.
Gross Profit was 222.81 + 213.38 + 234.255 + 209.564 = $880 Mil.
Total Current Assets was $440 Mil.
Total Assets was $5,560 Mil.
Property, Plant and Equipment(Net PPE) was $3,453 Mil.
Depreciation, Depletion and Amortization(DDA) was $309 Mil.
Selling, General, & Admin. Expense(SGA) was $471 Mil.
Total Current Liabilities was $500 Mil.
Long-Term Debt & Capital Lease Obligation was $2,691 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)
=(440.993 / 2099.008) / (365.164 / 1741.387)
=0.21009591 / 0.20969721
=1.0019

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)
=(880.009 / 1741.387) / (1107.706 / 2099.008)
=0.50534947 / 0.52772834
=0.9576

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 - (540.286 + 3815.448) / 5978.808) / (1 - (439.546 + 3453.318) / 5559.713)
=0.27147117 / 0.29980846
=0.9055

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
=2099.008 / 1741.387
=1.2054

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))
=(308.511 / (308.511 + 3453.318)) / (325.772 / (325.772 + 3815.448))
=0.0820109 / 0.07866571
=1.0425

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)
=(584.948 / 2099.008) / (471.152 / 1741.387)
=0.27867831 / 0.27056134
=1.03

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)
=((3201.529 + 596.847) / 5978.808) / ((2691.169 + 499.683) / 5559.713)
=0.63530657 / 0.57392387
=1.107

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
=(259.873 - -4.116 - 612.147) / 5978.808
=-0.0582

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.

WillScot Mobile Mini Holdings has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.


WillScot Mobile Mini Holdings Beneish M-Score Related Terms

Thank you for viewing the detailed overview of WillScot Mobile Mini Holdings's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


WillScot Mobile Mini Holdings Business Description

WillScot Mobile Mini Holdings logo
Traded in Other Exchanges
Address
4646 E Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008
WillScot Mobile Mini Holdings Corp is a North American company providing modular space and portable storage solutions. The company leases turnkey office space and storage solutions for temporary applications across a diverse customer base in the commercial and industrial, construction, retail, education, health care, government, transportation, security, and energy sectors. Its operating segment includes North America Modular; North America Storage; United Kingdom Storage and Tank and Pump. The company generates maximum revenue from the NA Modular segment. Geographically, it derives a majority of revenue from the United States.
Executives
Davis Erika T director
Upchurch Michael W director KANSAS CITY SOUTHERN PO BOX 219335 KANSAS CITY MO 64121
Goble Jeffrey S director 10617 NORTH HAYDEN ROAD SUITE 100 SCOTTSDALE AZ 85260
Williams Kelly M officer: President and COO 7420 S. KYRENE ROAD, SUITE 101 TEMPE AZ 85283
Miner Christopher J officer: SVP, GC & Secretary 7420 SOUTH KYRENE ROAD SUITE 101 TEMPE AZ 85253
Olsson Erik director C/O RSC HOLDINGS INC. 6929 E. GREENWAY PARKWAY SCOTTSDALE AZ 85254
Mcwaters Kimberly J director 20410 NORTH 19TH AVENUE PHOENIX AZ 85027
Dial Sara R. director 3300 W. CAMELBACK ROAD SCOTTSDALE AZ 85017
Lopez Hezron T. officer: V.P.,Gen Counsel, Corp. Sec. 855 EAST MAIN AVE ZEELAND MI 49464
Owen Rebecca L director 1750 H STREET, SUITE 500 COLUMBIA EQUITY TRUST, INC. WASHINGTON DC 20006
Robertson Stephen director, 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU
Tdr Capital Ii Holdings L.p. 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU
Sapphire Holding S.a R.l. 10 percent owner C/O TDR CAPITAL LLP 20 BENTINCK STREET LONDON X0 W1U 2EU
Lindsay Gary director TDR CAPITAL 20 BENTINCK STREET LONDON X0 W1U 2EU
Tdr Capital Llp 10 percent owner 20 BENTINCK STREET LONDON X0 W1U 2EU

WillScot Mobile Mini Holdings Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)