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PKOH (Park-Ohio Holdings) Beneish M-Score : -2.55 (As of Mar. 20, 2025)


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What is Park-Ohio Holdings Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Good Sign:

Beneish M-Score -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Park-Ohio Holdings's Beneish M-Score or its related term are showing as below:

PKOH' s Beneish M-Score Range Over the Past 10 Years
Min: -2.69   Med: -2.57   Max: -2.19
Current: -2.55

During the past 13 years, the highest Beneish M-Score of Park-Ohio Holdings was -2.19. The lowest was -2.69. And the median was -2.57.


Park-Ohio Holdings Beneish M-Score Historical Data

The historical data trend for Park-Ohio Holdings'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.

* Premium members only.

Park-Ohio Holdings Beneish M-Score Chart

Park-Ohio Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.58 -2.58 -2.56 -2.66 -2.55

Park-Ohio Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.66 -2.55 -2.54 -2.49 -2.55

Competitive Comparison of Park-Ohio Holdings's Beneish M-Score

For the Specialty Industrial Machinery subindustry, Park-Ohio Holdings'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.


Park-Ohio Holdings's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Park-Ohio Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Park-Ohio Holdings's Beneish M-Score falls into.



Park-Ohio Holdings 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 Park-Ohio Holdings 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 * 0.9496+0.528 * 0.9624+0.404 * 1.0479+0.892 * 0.9979+0.115 * 0.9272
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0347+4.679 * -0.004395-0.327 * 0.961
=-2.55

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was $250 Mil.
Revenue was 388.4 + 417.6 + 432.6 + 417.6 = $1,656 Mil.
Gross Profit was 64.5 + 72.3 + 73.2 + 71.4 = $281 Mil.
Total Current Assets was $836 Mil.
Total Assets was $1,365 Mil.
Property, Plant and Equipment(Net PPE) was $223 Mil.
Depreciation, Depletion and Amortization(DDA) was $34 Mil.
Selling, General, & Admin. Expense(SGA) was $187 Mil.
Total Current Liabilities was $361 Mil.
Long-Term Debt & Capital Lease Obligation was $648 Mil.
Net Income was 0.5 + 9.8 + 11.9 + 9.6 = $32 Mil.
Non Operating Income was 1.4 + 0.2 + 0.2 + 1 = $3 Mil.
Cash Flow from Operations was 26.4 + 9 + -2.7 + 2.3 = $35 Mil.
Total Receivables was $263 Mil.
Revenue was 389.3 + 418.8 + 428.1 + 423.5 = $1,660 Mil.
Gross Profit was 64.1 + 70 + 70.1 + 67.2 = $271 Mil.
Total Current Assets was $824 Mil.
Total Assets was $1,341 Mil.
Property, Plant and Equipment(Net PPE) was $230 Mil.
Depreciation, Depletion and Amortization(DDA) was $32 Mil.
Selling, General, & Admin. Expense(SGA) was $182 Mil.
Total Current Liabilities was $364 Mil.
Long-Term Debt & Capital Lease Obligation was $668 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)
=(249.5 / 1656.2) / (263.3 / 1659.7)
=0.150646 / 0.158643
=0.9496

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)
=(271.4 / 1659.7) / (281.4 / 1656.2)
=0.163524 / 0.169907
=0.9624

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 - (836 + 223.2) / 1365.1) / (1 - (824.4 + 229.6) / 1340.7)
=0.224086 / 0.213844
=1.0479

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
=1656.2 / 1659.7
=0.9979

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))
=(31.7 / (31.7 + 229.6)) / (33.6 / (33.6 + 223.2))
=0.121316 / 0.130841
=0.9272

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)
=(187.4 / 1656.2) / (181.5 / 1659.7)
=0.113151 / 0.109357
=1.0347

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)
=((648.1 + 361.1) / 1365.1) / ((667.8 + 363.6) / 1340.7)
=0.739286 / 0.7693
=0.961

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
=(31.8 - 2.8 - 35) / 1365.1
=-0.004395

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.

Park-Ohio Holdings has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.


Park-Ohio Holdings Beneish M-Score Related Terms

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Park-Ohio Holdings Business Description

Traded in Other Exchanges
N/A
Address
6065 Parkland Boulevard, Cleveland, OH, USA, 44124
Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives key revenue from the Supply Technologies segment which includes proactive solutions approach that manages the efficiencies of every aspect of supplying production parts and materials to customers' manufacturing floor, from strategic planning to program implementation.
Executives
Edward F Crawford director, 10 percent owner, officer: CEO, COB
Patrick W Fogarty officer: Director Corporate Development
Robert D Vilsack officer: Secretary & General Counsel
James W Wert director
Patrick V Auletta director 23000 EUCLID AVE, EUCLID OH 44117
Ronna Romney director
Matthew V Crawford director, 10 percent owner, officer: President & COO
Hanna Howard W Iv director 6065 PARKLAND BLVD., CLEVELAND OH 44124
Moore Dan T Iii director
Steven H Rosen director 6065 PARKLAND BOULEVARD, MAYFIELD HEIGHTS OH 44124
John D Grampa director MATERION CORPORATION, 6070 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Mixon Aaron Malachi Iii director 800 SUPERIOR AVENUE, SUITE 1800, CLEVELAND OH 44107
W Scott Emerick officer: VP & CFO 29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Kevin R Greene director
Jeffrey L Rutherford officer: Vice President & CFO 15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799