SiteOne Landscape Supply Beneish M-Score Historical Data
The historical data trend for SiteOne Landscape Supply'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.
SiteOne Landscape Supply Beneish M-Score Chart
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SiteOne Landscape Supply Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
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-2.55 |
-2.59 |
-2.17 |
-2.25 |
-2.64 |
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SiteOne Landscape Supply Quarterly Data
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Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
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-2.58 |
-2.64 |
-2.71 |
-2.53 |
-2.63 |
Competitive Comparison of SiteOne Landscape Supply's Beneish M-Score
For the Industrial Distribution subindustry, SiteOne Landscape Supply'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.
SiteOne Landscape Supply's Beneish M-Score Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, SiteOne Landscape Supply's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where SiteOne Landscape Supply's Beneish M-Score falls into.
SiteOne Landscape Supply 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 SiteOne Landscape Supply 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 * 1.0009 | + | 0.528 * 1.0068 | + | 0.404 * 0.9484 | + | 0.892 * 1.063 | + | 0.115 * 1.0306 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0365 | + | 4.679 * -0.041224 | - | 0.327 * 0.9693 |
| = | -2.63 |
* 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 $579 Mil.
Revenue was 1208.8 + 1413.9 + 904.8 + 965 = $4,493 Mil.
Gross Profit was 411 + 510.3 + 301.2 + 326.6 = $1,549 Mil.
Total Current Assets was $1,641 Mil.
Total Assets was $3,146 Mil.
Property, Plant and Equipment(Net PPE) was $708 Mil.
Depreciation, Depletion and Amortization(DDA) was $138 Mil.
Selling, General, & Admin. Expense(SGA) was $1,353 Mil.
Total Current Liabilities was $649 Mil.
Long-Term Debt & Capital Lease Obligation was $844 Mil.
Net Income was 44.4 + 120.2 + -19.3 + -3.4 = $142 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 115.9 + 147.4 + -99.3 + 107.6 = $272 Mil.
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Total Receivables was $544 Mil.
Revenue was 1145.1 + 1353.7 + 837.4 + 890 = $4,226 Mil.
Gross Profit was 388.1 + 489.4 + 287.1 + 302.6 = $1,467 Mil.
Total Current Assets was $1,574 Mil.
Total Assets was $2,990 Mil.
Property, Plant and Equipment(Net PPE) was $617 Mil.
Depreciation, Depletion and Amortization(DDA) was $125 Mil.
Selling, General, & Admin. Expense(SGA) was $1,228 Mil.
Total Current Liabilities was $655 Mil.
Long-Term Debt & Capital Lease Obligation was $809 Mil.
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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) |
| = | (578.9 / 4492.5) | / | (544.1 / 4226.2) |
| = | 0.128859 | / | 0.128744 |
| | = | 1.0009 |
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) |
| = | (1467.2 / 4226.2) | / | (1549.1 / 4492.5) |
| = | 0.347168 | / | 0.344819 |
| | = | 1.0068 |
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 - (1640.7 + 708.3) / 3146.2) | / | (1 - (1573.5 + 617.3) / 2989.5) |
| = | 0.253385 | / | 0.267168 |
| | = | 0.9484 |
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 |
| = | 4492.5 | / | 4226.2 |
| | = | 1.063 |
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)) |
| = | (124.7 / (124.7 + 617.3)) | / | (138 / (138 + 708.3)) |
| = | 0.168059 | / | 0.163063 |
| | = | 1.0306 |
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) |
| = | (1353.4 / 4492.5) | / | (1228.4 / 4226.2) |
| = | 0.301258 | / | 0.290663 |
| | = | 1.0365 |
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) |
| = | ((844.2 + 649) / 3146.2) | / | ((809.1 + 654.7) / 2989.5) |
| = | 0.474604 | / | 0.489647 |
| | = | 0.9693 |
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 |
| = | (141.9 - 0 | - | 271.6) | / | 3146.2 |
| | = | -0.041224 |
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.
SiteOne Landscape Supply has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.
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