Sprouts Farmers Market Beneish M-Score Historical Data
The historical data trend for Sprouts Farmers Market'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.
Sprouts Farmers Market Beneish M-Score Chart
|
Sprouts Farmers Market Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.62 |
-2.44 |
-2.27 |
-2.63 |
-2.22 |
|
Sprouts Farmers Market Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.63 |
-2.73 |
-2.71 |
-2.39 |
-2.22 |
Competitive Comparison of Sprouts Farmers Market's Beneish M-Score
For the Grocery Stores subindustry, Sprouts Farmers Market'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.
Sprouts Farmers Market's Beneish M-Score Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Sprouts Farmers Market's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sprouts Farmers Market's Beneish M-Score falls into.
Sprouts Farmers Market 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 Sprouts Farmers Market 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 * 1.4727 | + | 0.528 * 0.9943 | + | 0.404 * 0.9785 | + | 0.892 * 1.0676 | + | 0.115 * 1.0615 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0097 | + | 4.679 * -0.050168 | - | 0.327 * 0.9964 |
| = | -2.22 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $54 Mil.
Revenue was 1698.545 + 1713.282 + 1692.247 + 1733.31 = $6,837 Mil.
Gross Profit was 620.373 + 625.434 + 625.972 + 650.062 = $2,522 Mil.
Total Current Assets was $604 Mil.
Total Assets was $3,327 Mil.
Property, Plant and Equipment(Net PPE) was $2,122 Mil.
Depreciation, Depletion and Amortization(DDA) was $265 Mil.
Selling, General, & Admin. Expense(SGA) was $2,000 Mil.
Total Current Liabilities was $547 Mil.
Long-Term Debt & Capital Lease Obligation was $1,533 Mil.
Net Income was 50.049 + 65.313 + 67.334 + 76.16 = $259 Mil.
Non Operating Income was -5.4 + -3.176 + -2.427 + -28.277 = $-39 Mil.
Cash Flow from Operations was 56.043 + 114.244 + 114.961 + 179.82 = $465 Mil.
|
Total Receivables was $34 Mil.
Revenue was 1576.554 + 1591.026 + 1595.482 + 1641.161 = $6,404 Mil.
Gross Profit was 572.809 + 583.65 + 580.357 + 611.748 = $2,349 Mil.
Total Current Assets was $674 Mil.
Total Assets was $3,070 Mil.
Property, Plant and Equipment(Net PPE) was $1,829 Mil.
Depreciation, Depletion and Amortization(DDA) was $244 Mil.
Selling, General, & Admin. Expense(SGA) was $1,856 Mil.
Total Current Liabilities was $522 Mil.
Long-Term Debt & Capital Lease Obligation was $1,404 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) |
| = | (53.872 / 6837.384) | / | (34.263 / 6404.223) |
| = | 0.007879 | / | 0.00535 |
| | = | 1.4727 |
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) |
| = | (2348.564 / 6404.223) | / | (2521.841 / 6837.384) |
| = | 0.366721 | / | 0.368831 |
| | = | 0.9943 |
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 - (603.772 + 2121.561) / 3327.428) | / | (1 - (673.804 + 1828.765) / 3070.38) |
| = | 0.180949 | / | 0.184932 |
| | = | 0.9785 |
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 |
| = | 6837.384 | / | 6404.223 |
| | = | 1.0676 |
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)) |
| = | (244.382 / (244.382 + 1828.765)) | / | (265.019 / (265.019 + 2121.561)) |
| = | 0.11788 | / | 0.111046 |
| | = | 1.0615 |
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) |
| = | (2000.437 / 6837.384) | / | (1855.649 / 6404.223) |
| = | 0.292573 | / | 0.289754 |
| | = | 1.0097 |
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) |
| = | ((1533.361 + 546.869) / 3327.428) | / | ((1404.075 + 522.38) / 3070.38) |
| = | 0.625177 | / | 0.627432 |
| | = | 0.9964 |
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 |
| = | (258.856 - -39.28 | - | 465.068) | / | 3327.428 |
| | = | -0.050168 |
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.
Sprouts Farmers Market has a M-score of -2.22 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SFM has been successfully added to your