Resideo Technologies Beneish M-Score Historical Data
The historical data trend for Resideo Technologies'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.
Resideo Technologies Beneish M-Score Chart
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Resideo Technologies Annual Data
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Dec15 |
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Dec20 |
Dec21 |
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Dec24 |
| Beneish M-Score |
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-2.51 |
-2.41 |
-2.10 |
-2.51 |
-2.52 |
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Resideo Technologies Quarterly Data
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Jun20 |
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Mar24 |
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Mar25 |
| Beneish M-Score |
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-2.55 |
-2.43 |
-2.45 |
-2.52 |
-2.42 |
Competitive Comparison of Resideo Technologies's Beneish M-Score
For the Industrial Distribution subindustry, Resideo Technologies'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.
Resideo Technologies's Beneish M-Score Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Resideo Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Resideo Technologies's Beneish M-Score falls into.
Resideo Technologies 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 Resideo Technologies 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 * 0.9824 | + | 0.528 * 0.9497 | + | 0.404 * 1.0697 | + | 0.892 * 1.1402 | + | 0.115 * 0.7263 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1234 | + | 4.679 * 0.002849 | - | 0.327 * 1.0348 |
| = | -2.42 |
* 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 $1,045 Mil.
Revenue was 1770 + 1858 + 1828 + 1589 = $7,045 Mil.
Gross Profit was 511 + 530 + 524 + 447 = $2,012 Mil.
Total Current Assets was $3,061 Mil.
Total Assets was $8,074 Mil.
Property, Plant and Equipment(Net PPE) was $411 Mil.
Depreciation, Depletion and Amortization(DDA) was $167 Mil.
Selling, General, & Admin. Expense(SGA) was $1,213 Mil.
Total Current Liabilities was $1,578 Mil.
Long-Term Debt & Capital Lease Obligation was $1,983 Mil.
Net Income was 6 + 23 + 20 + 30 = $79 Mil.
Non Operating Income was -100 + -78 + -84 + -59 = $-321 Mil.
Cash Flow from Operations was -65 + 203 + 147 + 92 = $377 Mil.
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Total Receivables was $933 Mil.
Revenue was 1486 + 1537 + 1554 + 1602 = $6,179 Mil.
Gross Profit was 400 + 423 + 417 + 436 = $1,676 Mil.
Total Current Assets was $2,677 Mil.
Total Assets was $6,520 Mil.
Property, Plant and Equipment(Net PPE) was $369 Mil.
Depreciation, Depletion and Amortization(DDA) was $98 Mil.
Selling, General, & Admin. Expense(SGA) was $947 Mil.
Total Current Liabilities was $1,385 Mil.
Long-Term Debt & Capital Lease Obligation was $1,394 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) |
| = | (1045 / 7045) | / | (933 / 6179) |
| = | 0.148332 | / | 0.150995 |
| | = | 0.9824 |
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) |
| = | (1676 / 6179) | / | (2012 / 7045) |
| = | 0.271241 | / | 0.285593 |
| | = | 0.9497 |
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 - (3061 + 411) / 8074) | / | (1 - (2677 + 369) / 6520) |
| = | 0.569978 | / | 0.532822 |
| | = | 1.0697 |
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 |
| = | 7045 | / | 6179 |
| | = | 1.1402 |
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)) |
| = | (98 / (98 + 369)) | / | (167 / (167 + 411)) |
| = | 0.20985 | / | 0.288927 |
| | = | 0.7263 |
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) |
| = | (1213 / 7045) | / | (947 / 6179) |
| = | 0.172179 | / | 0.153261 |
| | = | 1.1234 |
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) |
| = | ((1983 + 1578) / 8074) | / | ((1394 + 1385) / 6520) |
| = | 0.441045 | / | 0.426227 |
| | = | 1.0348 |
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 |
| = | (79 - -321 | - | 377) | / | 8074 |
| | = | 0.002849 |
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.
Resideo Technologies has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
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