Newmark Group Beneish M-Score Historical Data
The historical data trend for Newmark 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.
Newmark Group Beneish M-Score Chart
|
Newmark Group Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-3.57 |
-1.87 |
-2.33 |
-3.55 |
-2.06 |
|
Newmark Group Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.71 |
-2.06 |
-2.53 |
-2.69 |
-2.27 |
Competitive Comparison of Newmark Group's Beneish M-Score
For the Real Estate Services subindustry, Newmark 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.
Newmark Group's Beneish M-Score Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Newmark Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Newmark Group's Beneish M-Score falls into.
Newmark 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 Newmark 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 * 0.9412 | + | 0.528 * 1 | + | 0.404 * 0.9393 | + | 0.892 * 1.1215 | + | 0.115 * 0.9107 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0075 | + | 4.679 * 0.045808 | - | 0.327 * 1.0768 |
| = | -2.27 |
* 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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was $585 Mil.
Revenue was 685.912 + 633.375 + 546.499 + 747.442 = $2,613 Mil.
Gross Profit was 685.912 + 633.375 + 546.499 + 747.442 = $2,613 Mil.
Total Current Assets was $1,993 Mil.
Total Assets was $5,004 Mil.
Property, Plant and Equipment(Net PPE) was $713 Mil.
Depreciation, Depletion and Amortization(DDA) was $173 Mil.
Selling, General, & Admin. Expense(SGA) was $1,721 Mil.
Total Current Liabilities was $1,962 Mil.
Long-Term Debt & Capital Lease Obligation was $1,298 Mil.
Net Income was 17.794 + 14.28 + -16.254 + 36.548 = $52 Mil.
Non Operating Income was 0.321 + 5.637 + -0.014 + 9.736 = $16 Mil.
Cash Flow from Operations was -85.244 + -258.486 + -68.783 + 219.977 = $-193 Mil.
|
Total Receivables was $554 Mil.
Revenue was 616.283 + 585.844 + 520.799 + 607.282 = $2,330 Mil.
Gross Profit was 616.283 + 585.844 + 520.799 + 607.282 = $2,330 Mil.
Total Current Assets was $1,485 Mil.
Total Assets was $4,435 Mil.
Property, Plant and Equipment(Net PPE) was $782 Mil.
Depreciation, Depletion and Amortization(DDA) was $169 Mil.
Selling, General, & Admin. Expense(SGA) was $1,523 Mil.
Total Current Liabilities was $1,598 Mil.
Long-Term Debt & Capital Lease Obligation was $1,085 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) |
| = | (585.268 / 2613.228) | / | (554.479 / 2330.208) |
| = | 0.223964 | / | 0.237953 |
| | = | 0.9412 |
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) |
| = | (2330.208 / 2330.208) | / | (2613.228 / 2613.228) |
| = | 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 - (1993.179 + 713.345) / 5004.056) | / | (1 - (1485.055 + 782.064) / 4434.755) |
| = | 0.459134 | / | 0.488784 |
| | = | 0.9393 |
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 |
| = | 2613.228 | / | 2330.208 |
| | = | 1.1215 |
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)) |
| = | (169.385 / (169.385 + 782.064)) | / | (173.324 / (173.324 + 713.345)) |
| = | 0.178028 | / | 0.195478 |
| | = | 0.9107 |
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) |
| = | (1721.222 / 2613.228) | / | (1523.354 / 2330.208) |
| = | 0.658657 | / | 0.653742 |
| | = | 1.0075 |
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) |
| = | ((1297.716 + 1962.035) / 5004.056) | / | ((1085.161 + 1597.633) / 4434.755) |
| = | 0.651422 | / | 0.604948 |
| | = | 1.0768 |
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 |
| = | (52.368 - 15.68 | - | -192.536) | / | 5004.056 |
| | = | 0.045808 |
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.
Newmark Group has a M-score of -2.27 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NMRK has been successfully added to your