JM Smucker Co Beneish M-Score Historical Data
The historical data trend for JM Smucker Co'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.
JM Smucker Co Beneish M-Score Chart
|
JM Smucker Co Annual Data
|
|
Trend |
Apr16 |
Apr17 |
Apr18 |
Apr19 |
Apr20 |
Apr21 |
Apr22 |
Apr23 |
Apr24 |
Apr25 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.70 |
-2.49 |
-2.48 |
-2.39 |
-2.71 |
|
JM Smucker Co Quarterly Data
|
|
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
Apr24 |
Jul24 |
Oct24 |
Jan25 |
Apr25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.39 |
-2.40 |
-2.16 |
-2.74 |
-2.71 |
Competitive Comparison of JM Smucker Co's Beneish M-Score
For the Packaged Foods subindustry, JM Smucker Co'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.
JM Smucker Co's Beneish M-Score Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JM Smucker Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JM Smucker Co's Beneish M-Score falls into.
JM Smucker Co 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 JM Smucker Co 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 * 0.7877 | + | 0.528 * 0.982 | + | 0.404 * 0.9368 | + | 0.892 * 1.0669 | + | 0.115 * 0.8618 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9909 | + | 4.679 * -0.005603 | - | 0.327 * 1.0564 |
| = | -2.71 |
* 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 (Apr25) TTM: | Last Year (Apr24) TTM: |
Total Receivables was $619 Mil.
Revenue was 2143.8 + 2186 + 2271.2 + 2125.1 = $8,726 Mil.
Gross Profit was 823.3 + 878.1 + 886.1 + 797.2 = $3,385 Mil.
Total Current Assets was $2,147 Mil.
Total Assets was $17,563 Mil.
Property, Plant and Equipment(Net PPE) was $3,195 Mil.
Depreciation, Depletion and Amortization(DDA) was $503 Mil.
Selling, General, & Admin. Expense(SGA) was $1,529 Mil.
Total Current Liabilities was $2,652 Mil.
Long-Term Debt & Capital Lease Obligation was $7,121 Mil.
Net Income was -729 + -662.3 + -24.5 + 185 = $-1,231 Mil.
Non Operating Income was -990.7 + -1066.2 + -275.7 + -10.2 = $-2,343 Mil.
Cash Flow from Operations was 393.9 + 239.4 + 404.2 + 172.9 = $1,210 Mil.
|
Total Receivables was $737 Mil.
Revenue was 2205.7 + 2229.2 + 1938.6 + 1805.2 = $8,179 Mil.
Gross Profit was 913.3 + 823.1 + 724.2 + 654.8 = $3,115 Mil.
Total Current Assets was $1,967 Mil.
Total Assets was $20,274 Mil.
Property, Plant and Equipment(Net PPE) was $3,247 Mil.
Depreciation, Depletion and Amortization(DDA) was $431 Mil.
Selling, General, & Admin. Expense(SGA) was $1,446 Mil.
Total Current Liabilities was $3,761 Mil.
Long-Term Debt & Capital Lease Obligation was $6,917 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) |
| = | (619 / 8726.1) | / | (736.5 / 8178.7) |
| = | 0.070937 | / | 0.090051 |
| | = | 0.7877 |
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) |
| = | (3115.4 / 8178.7) | / | (3384.7 / 8726.1) |
| = | 0.380916 | / | 0.387882 |
| | = | 0.982 |
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 - (2146.6 + 3195) / 17563.3) | / | (1 - (1966.9 + 3247.3) / 20273.7) |
| = | 0.695866 | / | 0.74281 |
| | = | 0.9368 |
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 |
| = | 8726.1 | / | 8178.7 |
| | = | 1.0669 |
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)) |
| = | (430.8 / (430.8 + 3247.3)) | / | (502.5 / (502.5 + 3195)) |
| = | 0.117126 | / | 0.135903 |
| | = | 0.8618 |
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) |
| = | (1529 / 8726.1) | / | (1446.2 / 8178.7) |
| = | 0.175221 | / | 0.176825 |
| | = | 0.9909 |
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) |
| = | ((7120.9 + 2652) / 17563.3) | / | ((6917.2 + 3761.1) / 20273.7) |
| = | 0.556439 | / | 0.526707 |
| | = | 1.0564 |
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 |
| = | (-1230.8 - -2342.8 | - | 1210.4) | / | 17563.3 |
| | = | -0.005603 |
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.
JM Smucker Co has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SJM has been successfully added to your