Omega Healthcare Investors Beneish M-Score Historical Data
The historical data trend for Omega Healthcare Investors'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.
|
Omega Healthcare Investors Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.54 |
-2.79 |
-2.35 |
-2.82 |
-2.56 |
|
Omega Healthcare Investors Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.82 |
-2.41 |
-2.19 |
-2.10 |
-2.56 |
Competitive Comparison
For the REIT - Healthcare Facilities subindustry, Omega Healthcare Investors'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.
Omega Healthcare Investors Beneish M-Score Distribution
For the REITs industry and Real Estate sector, Omega Healthcare Investors's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Omega Healthcare Investors's Beneish M-Score falls into.
Omega Healthcare Investors 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 Omega Healthcare Investors 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 * 1.0894 | + | 0.528 * 0.9981 | + | 0.404 * 0.9266 | + | 0.892 * 1.0814 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.086 | + | 4.679 * -0.041431 | - | 0.327 * 0.9861 |
| = | -2.56 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $1,723.0 Mil.
Revenue was 239.319 + 242.032 + 250.187 + 218.202 = $949.7 Mil.
Gross Profit was 236.108 + 238.14 + 246.262 + 214.205 = $934.7 Mil.
Total Current Assets was $2,261.5 Mil.
Total Assets was $9,117.4 Mil.
Property, Plant and Equipment(Net PPE) was $0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $319.7 Mil.
Selling, General, & Admin. Expense(SGA) was $81.5 Mil.
Total Current Liabilities was $308.2 Mil.
Long-Term Debt & Capital Lease Obligation was $5,046.9 Mil.
Net Income was 55.001 + 91.381 + 59.856 + 35.942 = $242.2 Mil.
Non Operating Income was 12.263 + 21.467 + -8.265 + -23.276 = $2.2 Mil.
Cash Flow from Operations was 164.98 + 171.02 + 170.376 + 111.36 = $617.7 Mil.
|
Total Receivables was $1,462.5 Mil.
Revenue was 144.85 + 239.43 + 244.649 + 249.315 = $878.2 Mil.
Gross Profit was 140.845 + 235.255 + 240.932 + 245.712 = $862.7 Mil.
Total Current Assets was $1,772.6 Mil.
Total Assets was $9,405.2 Mil.
Property, Plant and Equipment(Net PPE) was $0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $332.4 Mil.
Selling, General, & Admin. Expense(SGA) was $69.4 Mil.
Total Current Liabilities was $334.3 Mil.
Long-Term Debt & Capital Lease Obligation was $5,267.6 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) |
| = | (1723.038 / 949.74) | / | (1462.541 / 878.244) |
| = | 1.814221 | / | 1.665301 |
| | = | 1.0894 |
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) |
| = | (862.744 / 878.244) | / | (934.715 / 949.74) |
| = | 0.982351 | / | 0.98418 |
| | = | 0.9981 |
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 - (2261.475 + 0) / 9117.402) | / | (1 - (1772.641 + 0) / 9405.163) |
| = | 0.751961 | / | 0.811525 |
| | = | 0.9266 |
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 |
| = | 949.74 | / | 878.244 |
| | = | 1.0814 |
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)) |
| = | (332.407 / (332.407 + 0)) | / | (319.682 / (319.682 + 0)) |
| = | 1 | / | 1 |
| | = | 1 |
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) |
| = | (81.504 / 949.74) | / | (69.397 / 878.244) |
| = | 0.085817 | / | 0.079018 |
| | = | 1.086 |
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) |
| = | ((5046.919 + 308.192) / 9117.402) | / | ((5267.588 + 334.293) / 9405.163) |
| = | 0.587351 | / | 0.595618 |
| | = | 0.9861 |
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 |
| = | (242.18 - 2.189 | - | 617.736) | / | 9117.402 |
| | = | -0.041431 |
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.
Omega Healthcare Investors has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OHI has been successfully added to your