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NATL (NCR Atleos) Beneish M-Score : -2.80 (As of Mar. 20, 2025)


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What is NCR Atleos Beneish M-Score?

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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NATL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.85   Max: -2.8
Current: -2.8

During the past 5 years, the highest Beneish M-Score of NCR Atleos was -2.80. The lowest was -2.89. And the median was -2.85.


NCR Atleos Beneish M-Score Historical Data

The historical data trend for NCR Atleos'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.

NCR Atleos Beneish M-Score Chart

NCR Atleos Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
- - - -2.89 -2.80

NCR Atleos Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.89 -2.56 -2.91 -2.79 -2.80

Competitive Comparison of NCR Atleos's Beneish M-Score

For the Software - Application subindustry, NCR Atleos'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.


NCR Atleos's Beneish M-Score Distribution in the Software Industry

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

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



NCR Atleos 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 NCR Atleos 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 * 0.8029+0.528 * 0.9303+0.404 * 1.0099+0.892 * 1.0301+0.115 * 0.9249
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7325+4.679 * -0.036023-0.327 * 0.9996
=-2.80

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was $588 Mil.
Revenue was 1108 + 1078 + 1081 + 1050 = $4,317 Mil.
Gross Profit was 297 + 262 + 253 + 221 = $1,033 Mil.
Total Current Assets was $1,766 Mil.
Total Assets was $5,552 Mil.
Property, Plant and Equipment(Net PPE) was $618 Mil.
Depreciation, Depletion and Amortization(DDA) was $287 Mil.
Selling, General, & Admin. Expense(SGA) was $458 Mil.
Total Current Liabilities was $1,702 Mil.
Long-Term Debt & Capital Lease Obligation was $2,965 Mil.
Net Income was 46 + 24 + 29 + -8 = $91 Mil.
Non Operating Income was -48 + -5 + 2 + -2 = $-53 Mil.
Cash Flow from Operations was 80 + 107 + 9 + 148 = $344 Mil.
Total Receivables was $711 Mil.
Revenue was 1098 + 1067 + 1040 + 986 = $4,191 Mil.
Gross Profit was 198 + 268 + 247 + 220 = $933 Mil.
Total Current Assets was $1,874 Mil.
Total Assets was $5,715 Mil.
Property, Plant and Equipment(Net PPE) was $612 Mil.
Depreciation, Depletion and Amortization(DDA) was $254 Mil.
Selling, General, & Admin. Expense(SGA) was $607 Mil.
Total Current Liabilities was $1,759 Mil.
Long-Term Debt & Capital Lease Obligation was $3,047 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)
=(588 / 4317) / (711 / 4191)
=0.136206 / 0.169649
=0.8029

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)
=(933 / 4191) / (1033 / 4317)
=0.22262 / 0.239287
=0.9303

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 - (1766 + 618) / 5552) / (1 - (1874 + 612) / 5715)
=0.570605 / 0.565004
=1.0099

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
=4317 / 4191
=1.0301

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))
=(254 / (254 + 612)) / (287 / (287 + 618))
=0.293303 / 0.317127
=0.9249

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)
=(458 / 4317) / (607 / 4191)
=0.106092 / 0.144834
=0.7325

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)
=((2965 + 1702) / 5552) / ((3047 + 1759) / 5715)
=0.840598 / 0.840945
=0.9996

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
=(91 - -53 - 344) / 5552
=-0.036023

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.

NCR Atleos has a M-score of -2.80 suggests that the company is unlikely to be a manipulator.


NCR Atleos Beneish M-Score Related Terms

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NCR Atleos Business Description

Traded in Other Exchanges
N/A
Address
864 Spring Street NW, Atlanta, GA, USA, 30308
NCR Atleos Corp is financial technology company providing self-directed banking solutions to a global customer base including financial institutions, merchants, manufacturers, retailers and consumers. Self-directed banking is a rapidly growing, secular trend that allows banking customers to transact seamlessly between various channels all for the same transaction. Their comprehensive solutions enable the acceleration of self-directed banking through ATM and interactive teller machine (ITM) technology, including software, services, hardware and its proprietary Allpoint network. They manage its operations in the following segments which includes Self-Service Banking, Network, and Telecommunications & Technology.
Executives
Joseph E Reece director ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249
Andrew R Duvall officer: Vice President, other: Manager 322 S MAIN STREET, GREENVILLE SC 29601
Mary Ellen Baker director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Mark W Begor director 181 METRO DRIVE, SAN JOSE CA 95110
Odilon Almeida director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Von Gillern Jeffry H. director U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Stuart Mackinnon officer: Chief Operating Officer 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042
Frank A Natoli director 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Michelle M Frymire director C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
Lashawne Meriwether officer: Chief Human Resources Officer 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Paul J. Campbell officer: Chief Financial Officer 864 SPRING STREET, ATLANTA GA 30308
Ricardo J Nunez officer: EVP, General Counsel & Secrtry 3100 CUMBERLAND BLVD, STE 1700, ATLANTA GA 30339
Timothy Charles Oliver officer: See Remarks C/O NCR CORPORATION, 864 SPRING STREET NW, ATLANTA GA 30308
Ncr Corp 10 percent owner 864 SPRING STREET NW, ATLANTA GA 30309
Yi Song officer: Vice President, other: Manager 864 SPRING STREET, ATLANTA GA 30308