Cash America International Beneish M-Score Historical Data
The historical data trend for Cash America International'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.
Cash America International Beneish M-Score Chart
|
Cash America International Annual Data
|
|
Trend |
Dec06 |
Dec07 |
Dec08 |
Dec09 |
Dec10 |
Dec11 |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.13 |
-3.29 |
-3.09 |
-3.93 |
-2.89 |
|
Cash America International Quarterly Data
|
|
Sep11 |
Dec11 |
Mar12 |
Jun12 |
Sep12 |
Dec12 |
Mar13 |
Jun13 |
Sep13 |
Dec13 |
Mar14 |
Jun14 |
Sep14 |
Dec14 |
Mar15 |
Jun15 |
Sep15 |
Dec15 |
Mar16 |
Jun16 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-3.20 |
-2.65 |
-2.89 |
-2.87 |
-2.86 |
Competitive Comparison of Cash America International's Beneish M-Score
For the Credit Services subindustry, Cash America International'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.
Cash America International's Beneish M-Score Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Cash America International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Cash America International's Beneish M-Score falls into.
Cash America International 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 Cash America International 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 * 0.9811 | + | 0.528 * 1.009 | + | 0.404 * 1.0806 | + | 0.892 * 0.9765 | + | 0.115 * 0.9632 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9608 | + | 4.679 * -0.076037 | - | 0.327 * 1.0655 |
| = | -2.86 |
* 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 (Jun16) TTM: | Last Year (Jun15) TTM: |
Total Receivables was $318 Mil.
Revenue was 241.151 + 277.205 + 280.075 + 241.19 = $1,040 Mil.
Gross Profit was 128.215 + 144.044 + 151.102 + 134.96 = $558 Mil.
Total Current Assets was $627 Mil.
Total Assets was $1,314 Mil.
Property, Plant and Equipment(Net PPE) was $156 Mil.
Depreciation, Depletion and Amortization(DDA) was $54 Mil.
Selling, General, & Admin. Expense(SGA) was $445 Mil.
Total Current Liabilities was $84 Mil.
Long-Term Debt & Capital Lease Obligation was $183 Mil.
Net Income was 2.098 + 10.633 + 12.612 + 5.038 = $30 Mil.
Non Operating Income was 0.006 + 0.106 + 0.463 + 0 = $1 Mil.
Cash Flow from Operations was 17.093 + 45.402 + 42.067 + 25.168 = $130 Mil.
|
Total Receivables was $332 Mil.
Revenue was 236.464 + 271.762 + 289.443 + 267.01 = $1,065 Mil.
Gross Profit was 133.991 + 147.091 + 151.725 + 144.103 = $577 Mil.
Total Current Assets was $714 Mil.
Total Assets was $1,432 Mil.
Property, Plant and Equipment(Net PPE) was $182 Mil.
Depreciation, Depletion and Amortization(DDA) was $60 Mil.
Selling, General, & Admin. Expense(SGA) was $474 Mil.
Total Current Liabilities was $92 Mil.
Long-Term Debt & Capital Lease Obligation was $181 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) |
| = | (318.239 / 1039.621) | / | (332.175 / 1064.679) |
| = | 0.306111 | / | 0.311995 |
| | = | 0.9811 |
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) |
| = | (576.91 / 1064.679) | / | (558.321 / 1039.621) |
| = | 0.541863 | / | 0.537043 |
| | = | 1.009 |
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 - (626.681 + 155.779) / 1314.157) | / | (1 - (713.621 + 182.051) / 1431.716) |
| = | 0.404592 | / | 0.374407 |
| | = | 1.0806 |
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 |
| = | 1039.621 | / | 1064.679 |
| | = | 0.9765 |
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)) |
| = | (59.696 / (59.696 + 182.051)) | / | (53.706 / (53.706 + 155.779)) |
| = | 0.246936 | / | 0.256372 |
| | = | 0.9632 |
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) |
| = | (444.673 / 1039.621) | / | (473.979 / 1064.679) |
| = | 0.427726 | / | 0.445185 |
| | = | 0.9608 |
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) |
| = | ((183.28 + 83.962) / 1314.157) | / | ((181.319 + 91.936) / 1431.716) |
| = | 0.203356 | / | 0.190858 |
| | = | 1.0655 |
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 |
| = | (30.381 - 0.575 | - | 129.73) | / | 1314.157 |
| | = | -0.076037 |
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.
Cash America International has a M-score of -2.86 suggests that the company is unlikely to be a manipulator.
Cash America International (Cash America International) Business Description
Traded in Other Exchanges
N/A
Address
Cash America International Inc was incorporated in 1984. The Company and its subsidiaries provide specialty financial services to individuals through retail services locations and e-commerce activities. It has two reportable segments: retail services and e-commerce. The retail services segment includes all of the operations of the Company's Retail Services Division, which is composed of both domestic and foreign storefront locations that offer some or all of the following services: pawn lending, consumer loans, check cashing and other ancillary services such as money orders, wire transfers and pre-paid debit cards. (Its ancillary services are provided through third-party vendors.) The e-commerce segment includes the operations of the Company's E-Commerce Division, which is composed of the Company's domestic and foreign online lending channels and the Company's MLOC channel. It offers short-term cash advances exclusively over the internet under the name CashNetUSA in the United States, under the name QuickQuid in the United Kingdom and under the name DollarsDirect in Australia and Canada. The Company operates its locations under the trade names Cash America Pawn, Cash America Payday Advance, Cashland, Mr. Payroll, SuperPawn, CashNetUSA QuickQuid, DollarsDirect and Prenda Facil. The Company's marks Cash America, Cashland, SuperPawn, CashNetUSA and Mr. Payroll are registered with the United States Patent and Trademark Office. The mark Prenda Facil is registered with the Mexican Industrial Property Institute. The principal competitors for its e-commerce segment in the United States include Miami Nation Enterprises, Integrity Advance, Think Finance and certain offshore lenders. In the United Kingdom, the Company believes that its principal online competitors include PaydayUK, PaydayExpress, Wonga and Lending Stream. In Australia, the Company believes its main online competitors are Nimble, Cash Converters and First Stop Money. In Canada, the industry has been dominated by storefront lenders and as a result, the Company's principal competitors are not online lenders but storefront lenders, such as Money Mart, The Cash Store and Cash Money. The Company's operations are subject to regulation, supervision and licensing under various federal, state and local statutes, ordinances and regulations.
Executives
| James H Graves |
director |
ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205 |
| Daniel E Berce |
director |
801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102 |
| Daniel R Feehan |
director |
CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102 |
| Thomas Brent Stuart |
director, officer: President and CEO |
1600 W. 7TH STREET, FORT WORTH TX 76102 |
| B D Hunter |
director |
|
| Timothy S Ho |
officer: President - E-Commerce Div. |
C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708 |
| David Fisher |
officer: CEO of E-Commerce Division |
39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60605 |
| Morris Clifton H Jr |
director |
C/O AMERICREDIT CORP, 801 CHERRY ST, FORT WORTH TX 76102 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CSH has been successfully added to your