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ZoomInfo Technologies Beneish M-Score

: -2.53 (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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for ZoomInfo Technologies's Beneish M-Score or its related term are showing as below:

NAS:ZI' s Beneish M-Score Range Over the Past 10 Years
Min: -2.53   Med: -2.39   Max: -2.31
Current: -2.53

-2.53
-2.31

During the past 3 years, the highest Beneish M-Score of ZoomInfo Technologies was -2.31. The lowest was -2.53. And the median was -2.39.


ZoomInfo Technologies Beneish M-Score Historical Data

The historical data trend for ZoomInfo Technologies'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.

ZoomInfo Technologies Annual Data
Trend Dec18 Dec19 Dec20
Beneish M-Score
- - -2.31

ZoomInfo Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Beneish M-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -2.31 -2.39 -2.53

Competitive Comparison

For the Software - Application subindustry, ZoomInfo Technologies'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.

   

ZoomInfo Technologies Beneish M-Score Distribution

For the Software industry and Technology sector, ZoomInfo Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ZoomInfo Technologies's Beneish M-Score falls into.



ZoomInfo Technologies 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 ZoomInfo Technologies 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 * 0.8075+0.528 * 0.9421+0.404 * 0.9961+0.892 * 1.5403+0.115 * 1.2075
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8994+4.679 * -0.0908-0.327 * 0.8191
=-2.53

* 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:
Accounts Receivable was $111.2 Mil.
Revenue was 174 + 153.3 + 139.7 + 123.4 = $590.4 Mil.
Gross Profit was 143.7 + 125.2 + 113.1 + 96.7 = $478.7 Mil.
Total Current Assets was $530.0 Mil.
Total Assets was $2,823.3 Mil.
Property, Plant and Equipment(Net PPE) was $98.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $56.9 Mil.
Selling, General, & Admin. Expense(SGA) was $265.3 Mil.
Total Current Liabilities was $385.5 Mil.
Long-Term Debt & Capital Lease Obligation was $804.5 Mil.
Net Income was 9.3 + 3.2 + 25.5 + 4.9 = $42.9 Mil.
Non Operating Income was -2.3 + -10.1 + 10.1 + 3.9 = $1.6 Mil.
Cash Flow from Operations was 88.6 + 93 + 66.9 + 49.1 = $297.6 Mil.
Accounts Receivable was $89.4 Mil.
Revenue was 110.9 + 102.2 + 91.1 + 79.1 = $383.3 Mil.
Gross Profit was 77.1 + 81.8 + 72.6 + 61.3 = $292.8 Mil.
Total Current Assets was $372.7 Mil.
Total Assets was $1,981.6 Mil.
Property, Plant and Equipment(Net PPE) was $62.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $49.5 Mil.
Selling, General, & Admin. Expense(SGA) was $191.5 Mil.
Total Current Liabilities was $237.7 Mil.
Long-Term Debt & Capital Lease Obligation was $782.0 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Accounts Receivable 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)
=(111.2 / 590.4) / (89.4 / 383.3)
=0.18834688 / 0.23323767
=0.8075

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)
=(292.8 / 383.3) / (478.7 / 590.4)
=0.76389251 / 0.81080623
=0.9421

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 - (530 + 98) / 2823.3) / (1 - (372.7 + 62.1) / 1981.6)
=0.77756526 / 0.78058135
=0.9961

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
=590.4 / 383.3
=1.5403

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))
=(49.5 / (49.5 + 62.1)) / (56.9 / (56.9 + 98))
=0.44354839 / 0.36733376
=1.2075

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)
=(265.3 / 590.4) / (191.5 / 383.3)
=0.44935637 / 0.49960866
=0.8994

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)
=((804.5 + 385.5) / 2823.3) / ((782 + 237.7) / 1981.6)
=0.42149258 / 0.51458417
=0.8191

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
=(42.9 - 1.6 - 297.6) / 2823.3
=-0.0908

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.

ZoomInfo Technologies has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.


ZoomInfo Technologies Beneish M-Score Related Terms

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ZoomInfo Technologies Business Description

ZoomInfo Technologies logo
Industry
Technology » Software NAICS : 511210 SIC : 7372
Comparable Companies
Traded in Other Exchanges
N/A
Address
805 Broadway Street, Suite 900, Vancouver, WA, USA, 98660
ZoomInfo Technologies Inc provides a go-to-market intelligence platform for sales and marketing teams. Its cloud-based go-to-market data and insights platform deliver comprehensive and high-quality intelligence and analytics to provide sales and marketing professionals with accurate information and insights on the organizations and professionals. Geographically, the company has its presence across the United States.
Executives
Tc Group, Llc 10 percent owner C/O CARLYLE GROUP 1001 PENNSYLVANIA AVENUE NW SUITE 220 S WASHINGTON DC 20004
Cp Vi Evergreen Holdings, L.p. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Carlyle Partners Vi Dash Holdings, L.p. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20002
Carlyle Partners Vi Evergreen Holdings, L.p. 10 percent owner C/O THE CARLYLE GROUP, SUITE 200 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Tc Group Vi, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA ANVENE, N.W. WASHINGTON DC 20004
Tc Group Vi, L.p. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Tc Group Vi S1, L.l.c. 10 percent owner C/O THE CARLYLE GROUP. SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Tc Group Vi S1, L.p. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Tc Group Sub L.p. 10 percent owner C/O THE CARLYLE GROUP L.P. 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505
Carlyle Holdings I L.p. 10 percent owner C/O THE CARLYLE GROUP L.P. 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505
Carlyle Holdings I Gp Sub L.l.c. 10 percent owner C/O THE CARLYLE GROUP L.P. 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505
Cg Subsidiary Holdings L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Tc Group Cayman Investment Holdings, L.p. 10 percent owner C/O WALKERS CORPORATE SERVICES LIMITED 190 ELGIN AVENUE GEORGE TOWN, GRAND CAYMAN E9 KY1-9001
Carlyle Group Inc. 10 percent owner C/O THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE, N.W. WASHINGTON DC 20004
Carlyle Group Management L.l.c. 10 percent owner C/O THE CARLYLE GROUP L.P. 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505

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