Chewy Beneish M-Score Historical Data
The historical data trend for Chewy'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.
Chewy Beneish M-Score Chart
|
Chewy Annual Data
|
|
Trend |
Dec16 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
Jan25 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-2.78 |
-2.19 |
-2.08 |
-3.08 |
-1.49 |
|
Chewy Quarterly Data
|
|
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
Apr24 |
Jul24 |
Oct24 |
Jan25 |
Apr25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.92 |
-1.39 |
-0.75 |
-1.49 |
-1.41 |
Competitive Comparison of Chewy's Beneish M-Score
For the Internet Retail subindustry, Chewy'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.
Chewy's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chewy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chewy's Beneish M-Score falls into.
Chewy 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 Chewy 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 * 1.0784 | + | 0.528 * 0.9811 | + | 0.404 * 4.2271 | + | 0.892 * 1.077 | + | 0.115 * 0.9561 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9882 | + | 4.679 * -0.070314 | - | 0.327 * 1.098 |
| = | -1.41 |
* 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 (Apr25) TTM: | Last Year (Apr24) TTM: |
Total Receivables was $200 Mil.
Revenue was 3116 + 3247.386 + 2877.635 + 2858.589 = $12,100 Mil.
Gross Profit was 923.8 + 926.003 + 843.873 + 843.836 = $3,538 Mil.
Total Current Assets was $1,712 Mil.
Total Assets was $3,060 Mil.
Property, Plant and Equipment(Net PPE) was $1,010 Mil.
Depreciation, Depletion and Amortization(DDA) was $117 Mil.
Selling, General, & Admin. Expense(SGA) was $3,413 Mil.
Total Current Liabilities was $2,140 Mil.
Long-Term Debt & Capital Lease Obligation was $500 Mil.
Net Income was 62.4 + 22.792 + 3.932 + 299.117 = $388 Mil.
Non Operating Income was -2.2 + 3.292 + -0.036 + 1.541 = $3 Mil.
Cash Flow from Operations was 86.4 + 207.516 + 183.462 + 123.447 = $601 Mil.
|
Total Receivables was $172 Mil.
Revenue was 2877.7 + 2825.904 + 2745.875 + 2785.302 = $11,235 Mil.
Gross Profit was 854 + 798.085 + 781.856 + 788.721 = $3,223 Mil.
Total Current Assets was $2,126 Mil.
Total Assets was $3,201 Mil.
Property, Plant and Equipment(Net PPE) was $991 Mil.
Depreciation, Depletion and Amortization(DDA) was $109 Mil.
Selling, General, & Admin. Expense(SGA) was $3,206 Mil.
Total Current Liabilities was $1,996 Mil.
Long-Term Debt & Capital Lease Obligation was $519 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) |
| = | (200 / 12099.61) | / | (172.209 / 11234.781) |
| = | 0.016529 | / | 0.015328 |
| | = | 1.0784 |
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) |
| = | (3222.662 / 11234.781) | / | (3537.512 / 12099.61) |
| = | 0.286847 | / | 0.292366 |
| | = | 0.9811 |
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 - (1711.8 + 1010.1) / 3060.3) | / | (1 - (2126.162 + 991.15) / 3201.048) |
| = | 0.110577 | / | 0.026159 |
| | = | 4.2271 |
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 |
| = | 12099.61 | / | 11234.781 |
| | = | 1.077 |
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)) |
| = | (108.795 / (108.795 + 991.15)) | / | (116.557 / (116.557 + 1010.1)) |
| = | 0.098909 | / | 0.103454 |
| | = | 0.9561 |
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) |
| = | (3412.641 / 12099.61) | / | (3206.421 / 11234.781) |
| = | 0.282046 | / | 0.285401 |
| | = | 0.9882 |
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) |
| = | ((500.2 + 2140.2) / 3060.3) | / | ((519.312 + 1996.117) / 3201.048) |
| = | 0.862791 | / | 0.785814 |
| | = | 1.098 |
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 |
| = | (388.241 - 2.597 | - | 600.825) | / | 3060.3 |
| | = | -0.070314 |
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.
Chewy has a M-score of -1.41 signals that the company is likely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CHWY has been successfully added to your