Ribbon Communications Beneish M-Score Historical Data
The historical data trend for Ribbon Communications'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.
Ribbon Communications Beneish M-Score Chart
|
Ribbon Communications Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.80 |
-2.49 |
-2.35 |
-2.54 |
-2.68 |
|
Ribbon Communications Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.61 |
-2.68 |
-2.84 |
-2.85 |
-2.70 |
Competitive Comparison of Ribbon Communications's Beneish M-Score
For the Telecom Services subindustry, Ribbon Communications'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.
Ribbon Communications's Beneish M-Score Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Ribbon Communications's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ribbon Communications's Beneish M-Score falls into.
Ribbon Communications 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 Ribbon Communications 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 * 1.0603 | + | 0.528 * 0.9226 | + | 0.404 * 0.9582 | + | 0.892 * 0.9704 | + | 0.115 * 1.0422 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0676 | + | 4.679 * -0.027254 | - | 0.327 * 1.1615 |
| = | -2.70 |
* 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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was $249.2 Mil.
Revenue was 210.238 + 192.62 + 179.664 + 226.401 = $808.9 Mil.
Gross Profit was 109.617 + 97.867 + 91.955 + 121.708 = $421.1 Mil.
Total Current Assets was $416.6 Mil.
Total Assets was $1,114.8 Mil.
Property, Plant and Equipment(Net PPE) was $79.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $65.9 Mil.
Selling, General, & Admin. Expense(SGA) was $201.5 Mil.
Total Current Liabilities was $293.1 Mil.
Long-Term Debt & Capital Lease Obligation was $365.7 Mil.
Net Income was -13.422 + -16.816 + -30.361 + 7.079 = $-53.5 Mil.
Non Operating Income was -2.738 + -11.423 + -10.578 + -7.011 = $-31.8 Mil.
Cash Flow from Operations was -14.849 + -9.778 + 13.1 + 20.139 = $8.6 Mil.
|
Total Receivables was $242.2 Mil.
Revenue was 203.161 + 210.618 + 186.159 + 233.639 = $833.6 Mil.
Gross Profit was 103.503 + 101.47 + 81.402 + 114.013 = $400.4 Mil.
Total Current Assets was $390.5 Mil.
Total Assets was $1,121.6 Mil.
Property, Plant and Equipment(Net PPE) was $81.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $72.9 Mil.
Selling, General, & Admin. Expense(SGA) was $194.5 Mil.
Total Current Liabilities was $325.5 Mil.
Long-Term Debt & Capital Lease Obligation was $245.2 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) |
| = | (249.183 / 808.923) | / | (242.183 / 833.577) |
| = | 0.308043 | / | 0.290535 |
| | = | 1.0603 |
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) |
| = | (400.388 / 833.577) | / | (421.147 / 808.923) |
| = | 0.480325 | / | 0.520627 |
| | = | 0.9226 |
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 - (416.579 + 79.514) / 1114.759) | / | (1 - (390.488 + 81.486) / 1121.615) |
| = | 0.554977 | / | 0.579201 |
| | = | 0.9582 |
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 |
| = | 808.923 | / | 833.577 |
| | = | 0.9704 |
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)) |
| = | (72.904 / (72.904 + 81.486)) | / | (65.876 / (65.876 + 79.514)) |
| = | 0.472207 | / | 0.453099 |
| | = | 1.0422 |
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) |
| = | (201.487 / 808.923) | / | (194.486 / 833.577) |
| = | 0.249081 | / | 0.233315 |
| | = | 1.0676 |
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) |
| = | ((365.677 + 293.099) / 1114.759) | / | ((245.19 + 325.473) / 1121.615) |
| = | 0.590958 | / | 0.508787 |
| | = | 1.1615 |
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 |
| = | (-53.52 - -31.75 | - | 8.612) | / | 1114.759 |
| | = | -0.027254 |
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.
Ribbon Communications has a M-score of -2.70 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RBBN has been successfully added to your