SelectQuote Beneish M-Score Historical Data
The historical data trend for SelectQuote'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.
SelectQuote Beneish M-Score Chart
|
SelectQuote Annual Data
|
|
Trend |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
-1.13 |
-1.71 |
-2.55 |
|
SelectQuote 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.29 |
-2.33 |
-2.55 |
-2.66 |
-2.62 |
Competitive Comparison of SelectQuote's Beneish M-Score
For the Insurance Brokers subindustry, SelectQuote'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.
SelectQuote's Beneish M-Score Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, SelectQuote's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where SelectQuote's Beneish M-Score falls into.
SelectQuote 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 SelectQuote 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 * 0.7614 | + | 0.528 * 1.0416 | + | 0.404 * 1.0138 | + | 0.892 * 1.2948 | + | 0.115 * 0.8467 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7901 | + | 4.679 * -0.046073 | - | 0.327 * 1.0428 |
| = | -2.62 |
* 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 $350 Mil.
Revenue was 405.438 + 232.73 + 221.778 + 299.398 = $1,159 Mil.
Gross Profit was 213.834 + 76.211 + 84.871 + 157.91 = $533 Mil.
Total Current Assets was $388 Mil.
Total Assets was $1,236 Mil.
Property, Plant and Equipment(Net PPE) was $45 Mil.
Depreciation, Depletion and Amortization(DDA) was $26 Mil.
Selling, General, & Admin. Expense(SGA) was $473 Mil.
Total Current Liabilities was $184 Mil.
Long-Term Debt & Capital Lease Obligation was $676 Mil.
Net Income was 19.392 + -31.051 + -47.838 + 9.264 = $-50 Mil.
Non Operating Income was -0.001 + -0.038 + -0.003 + -0.206 = $-0 Mil.
Cash Flow from Operations was -25.568 + -23.671 + -6.542 + 62.739 = $7 Mil.
|
Total Receivables was $355 Mil.
Revenue was 319.188 + 162.484 + 139.39 + 274.339 = $895 Mil.
Gross Profit was 177.615 + 54.966 + 37.497 + 158.554 = $429 Mil.
Total Current Assets was $404 Mil.
Total Assets was $1,298 Mil.
Property, Plant and Equipment(Net PPE) was $62 Mil.
Depreciation, Depletion and Amortization(DDA) was $27 Mil.
Selling, General, & Admin. Expense(SGA) was $462 Mil.
Total Current Liabilities was $164 Mil.
Long-Term Debt & Capital Lease Obligation was $702 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) |
| = | (349.869 / 1159.344) | / | (354.902 / 895.401) |
| = | 0.301782 | / | 0.396361 |
| | = | 0.7614 |
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) |
| = | (428.632 / 895.401) | / | (532.826 / 1159.344) |
| = | 0.478704 | / | 0.459593 |
| | = | 1.0416 |
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 - (387.818 + 45.424) / 1235.919) | / | (1 - (404.383 + 62.071) / 1297.913) |
| = | 0.649458 | / | 0.640612 |
| | = | 1.0138 |
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 |
| = | 1159.344 | / | 895.401 |
| | = | 1.2948 |
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)) |
| = | (27.436 / (27.436 + 62.071)) | / | (25.778 / (25.778 + 45.424)) |
| = | 0.306524 | / | 0.36204 |
| | = | 0.8467 |
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) |
| = | (472.605 / 1159.344) | / | (461.953 / 895.401) |
| = | 0.407649 | / | 0.515917 |
| | = | 0.7901 |
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) |
| = | ((676.017 + 183.972) / 1235.919) | / | ((701.868 + 164.155) / 1297.913) |
| = | 0.69583 | / | 0.667243 |
| | = | 1.0428 |
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 |
| = | (-50.233 - -0.248 | - | 6.958) | / | 1235.919 |
| | = | -0.046073 |
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.
SelectQuote has a M-score of -2.62 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SLQT has been successfully added to your