Sunstone Hotel Investors Beneish M-Score Historical Data
The historical data trend for Sunstone Hotel 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.
|
Sunstone Hotel Investors Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| Beneish M-Score |
|
|
|
|
|
|
-2.83 |
-2.69 |
-2.58 |
0.51 |
-1.56 |
|
Sunstone Hotel Investors Quarterly Data
|
|
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
| Beneish M-Score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13.50 |
3.77 |
-1.56 |
-0.40 |
-1.45 |
Competitive Comparison
For the REIT - Hotel & Motel subindustry, Sunstone Hotel 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.
Sunstone Hotel Investors Beneish M-Score Distribution
For the REITs industry and Real Estate sector, Sunstone Hotel Investors's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sunstone Hotel Investors's Beneish M-Score falls into.
Sunstone Hotel 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 Sunstone Hotel 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 * 0.5151 | + | 0.528 * 0.3155 | + | 0.404 * 1.0339 | + | 0.892 * 3.2672 | + | 0.115 * 0.7474 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.6466 | + | 4.679 * -0.0456 | - | 0.327 * 1.0591 |
| = | -1.45 |
* 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 (Jun22) TTM: | Last Year (Jun21) TTM: |
Total Receivables was $42.2 Mil.
Revenue was 251.28 + 172.315 + 173.886 + 167.421 = $764.9 Mil.
Gross Profit was 135.662 + 78.394 + 79.133 + 75.703 = $368.9 Mil.
Total Current Assets was $209.2 Mil.
Total Assets was $3,086.6 Mil.
Property, Plant and Equipment(Net PPE) was $24.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $127.4 Mil.
Selling, General, & Admin. Expense(SGA) was $183.6 Mil.
Total Current Liabilities was $151.9 Mil.
Long-Term Debt & Capital Lease Obligation was $822.2 Mil.
Net Income was 35.349 + 13.989 + 137.989 + -23.057 = $164.3 Mil.
Non Operating Income was 0.021 + 22.733 + 150.425 + -0.953 = $172.2 Mil.
Cash Flow from Operations was 77.505 + 13.148 + 19.966 + 22.327 = $132.9 Mil.
|
Total Receivables was $25.0 Mil.
Revenue was 117.21 + 50.633 + 37.36 + 28.91 = $234.1 Mil.
Gross Profit was 52.345 + 11.003 + -6.998 + -20.723 = $35.6 Mil.
Total Current Assets was $242.8 Mil.
Total Assets was $3,015.4 Mil.
Property, Plant and Equipment(Net PPE) was $76.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $129.3 Mil.
Selling, General, & Admin. Expense(SGA) was $86.9 Mil.
Total Current Liabilities was $113.7 Mil.
Long-Term Debt & Capital Lease Obligation was $784.7 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) |
| = | (42.151 / 764.902) | / | (25.044 / 234.113) |
| = | 0.05510641 | / | 0.10697398 |
| | = | 0.5151 |
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) |
| = | (35.627 / 234.113) | / | (368.892 / 764.902) |
| = | 0.15217865 | / | 0.48227355 |
| | = | 0.3155 |
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 - (209.228 + 24.273) / 3086.623) | / | (1 - (242.845 + 76.642) / 3015.362) |
| = | 0.92435066 | / | 0.89404688 |
| | = | 1.0339 |
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 |
| = | 764.902 | / | 234.113 |
| | = | 3.2672 |
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)) |
| = | (129.265 / (129.265 + 76.642)) | / | (127.412 / (127.412 + 24.273)) |
| = | 0.62778342 | / | 0.83997759 |
| | = | 0.7474 |
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) |
| = | (183.562 / 764.902) | / | (86.884 / 234.113) |
| = | 0.23998107 | / | 0.37111993 |
| | = | 0.6466 |
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) |
| = | ((822.172 + 151.888) / 3086.623) | / | ((784.721 + 113.724) / 3015.362) |
| = | 0.31557466 | / | 0.29795593 |
| | = | 1.0591 |
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 |
| = | (164.27 - 172.226 | - | 132.946) | / | 3086.623 |
| | = | -0.0456 |
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.
Sunstone Hotel Investors has a M-score of -1.45 signals that the company is likely to be a manipulator.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.13(1.11%) Volume: 1,714,300 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:SHO has been successfully added to your 
