Janus International Group Beneish M-Score Historical Data
The historical data trend for Janus International 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.
Janus International Group Beneish M-Score Chart
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Janus International Group Annual Data
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Trend |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
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- |
- |
-1.96 |
-2.69 |
-3.03 |
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Janus International Group Quarterly Data
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Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
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-2.58 |
-2.63 |
-2.89 |
-3.03 |
-3.21 |
Competitive Comparison of Janus International Group's Beneish M-Score
For the Building Products & Equipment subindustry, Janus International 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.
Janus International Group's Beneish M-Score Distribution in the Construction Industry
For the Construction industry and Industrials sector, Janus International Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Janus International Group's Beneish M-Score falls into.
Janus International 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 Janus International 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 * 0.7605 | + | 0.528 * 1.0722 | + | 0.404 * 1.0852 | + | 0.892 * 0.8604 | + | 0.115 * 1.0149 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.3332 | + | 4.679 * -0.090266 | - | 0.327 * 0.9468 |
| = | -3.21 |
* 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 (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was $148.8 Mil.
Revenue was 210.5 + 230.8 + 230.1 + 248.4 = $919.8 Mil.
Gross Profit was 81.9 + 87.2 + 91.2 + 109 = $369.3 Mil.
Total Current Assets was $361.3 Mil.
Total Assets was $1,271.8 Mil.
Property, Plant and Equipment(Net PPE) was $120.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $45.0 Mil.
Selling, General, & Admin. Expense(SGA) was $240.9 Mil.
Total Current Liabilities was $139.3 Mil.
Long-Term Debt & Capital Lease Obligation was $544.5 Mil.
Net Income was 10.8 + 0.3 + 11.8 + 27.6 = $50.5 Mil.
Non Operating Income was 0.3 + -4.4 + -2.8 + -1.5 = $-8.4 Mil.
Cash Flow from Operations was 48.3 + 51.4 + 43 + 31 = $173.7 Mil.
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Total Receivables was $227.4 Mil.
Revenue was 254.5 + 263.8 + 280.1 + 270.6 = $1,069.0 Mil.
Gross Profit was 110.4 + 114.4 + 119.1 + 116.3 = $460.2 Mil.
Total Current Assets was $473.1 Mil.
Total Assets was $1,350.0 Mil.
Property, Plant and Equipment(Net PPE) was $103.9 Mil.
Depreciation, Depletion and Amortization(DDA) was $39.7 Mil.
Selling, General, & Admin. Expense(SGA) was $210.0 Mil.
Total Current Liabilities was $160.2 Mil.
Long-Term Debt & Capital Lease Obligation was $606.4 Mil.
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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) |
| = | (148.8 / 919.8) | / | (227.4 / 1069) |
| = | 0.161774 | / | 0.212722 |
| | = | 0.7605 |
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) |
| = | (460.2 / 1069) | / | (369.3 / 919.8) |
| = | 0.430496 | / | 0.4015 |
| | = | 1.0722 |
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 - (361.3 + 120.2) / 1271.8) | / | (1 - (473.1 + 103.9) / 1350) |
| = | 0.621403 | / | 0.572593 |
| | = | 1.0852 |
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 |
| = | 919.8 | / | 1069 |
| | = | 0.8604 |
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)) |
| = | (39.7 / (39.7 + 103.9)) | / | (45 / (45 + 120.2)) |
| = | 0.276462 | / | 0.272397 |
| | = | 1.0149 |
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) |
| = | (240.9 / 919.8) | / | (210 / 1069) |
| = | 0.261905 | / | 0.196445 |
| | = | 1.3332 |
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) |
| = | ((544.5 + 139.3) / 1271.8) | / | ((606.4 + 160.2) / 1350) |
| = | 0.537663 | / | 0.567852 |
| | = | 0.9468 |
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 |
| = | (50.5 - -8.4 | - | 173.7) | / | 1271.8 |
| | = | -0.090266 |
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.
Janus International Group has a M-score of -3.21 suggests that the company is unlikely to be a manipulator.
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