Twilio Beneish M-Score Historical Data
The historical data trend for Twilio'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.
Twilio Beneish M-Score Chart
|
Twilio Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-0.61 |
-2.00 |
-2.48 |
-2.38 |
-2.82 |
|
Twilio Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.33 |
-2.49 |
-2.61 |
-2.82 |
-2.99 |
Competitive Comparison of Twilio's Beneish M-Score
For the Internet Content & Information subindustry, Twilio'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.
Twilio's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Twilio's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Twilio's Beneish M-Score falls into.
Twilio 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 Twilio 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 * 0.9056 | + | 0.528 * 0.9494 | + | 0.404 * 0.9913 | + | 0.892 * 1.0221 | + | 0.115 * 0.7232 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7844 | + | 4.679 * -0.091251 | - | 0.327 * 1.0143 |
| = | -3.00 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was €498 Mil.
Revenue was 963.286 + 986.646 + 968.549 + 957.853 = €3,876 Mil.
Gross Profit was 500.518 + 487.079 + 483.791 + 466.812 = €1,938 Mil.
Total Current Assets was €4,303 Mil.
Total Assets was €10,386 Mil.
Property, Plant and Equipment(Net PPE) was €152 Mil.
Depreciation, Depletion and Amortization(DDA) was €246 Mil.
Selling, General, & Admin. Expense(SGA) was €1,336 Mil.
Total Current Liabilities was €657 Mil.
Long-Term Debt & Capital Lease Obligation was €1,018 Mil.
Net Income was -50.921 + -335.079 + -132.779 + -153.391 = €-672 Mil.
Non Operating Income was -10.675 + -283.908 + -35.284 + -44.166 = €-374 Mil.
Cash Flow from Operations was 174.913 + 204.074 + 193.422 + 77.205 = €650 Mil.
|
Total Receivables was €538 Mil.
Revenue was 940.131 + 967.198 + 992.86 + 892.413 = €3,793 Mil.
Gross Profit was 458.304 + 454.198 + 466.696 + 421.243 = €1,800 Mil.
Total Current Assets was €4,536 Mil.
Total Assets was €11,487 Mil.
Property, Plant and Equipment(Net PPE) was €334 Mil.
Depreciation, Depletion and Amortization(DDA) was €271 Mil.
Selling, General, & Admin. Expense(SGA) was €1,666 Mil.
Total Current Liabilities was €736 Mil.
Long-Term Debt & Capital Lease Obligation was €1,091 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) |
| = | (497.657 / 3876.334) | / | (537.67 / 3792.602) |
| = | 0.128383 | / | 0.141768 |
| | = | 0.9056 |
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) |
| = | (1800.441 / 3792.602) | / | (1938.2 / 3876.334) |
| = | 0.474724 | / | 0.500009 |
| | = | 0.9494 |
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 - (4303.387 + 151.647) / 10386.146) | / | (1 - (4536.005 + 333.993) / 11487.18) |
| = | 0.57106 | / | 0.576049 |
| | = | 0.9913 |
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 |
| = | 3876.334 | / | 3792.602 |
| | = | 1.0221 |
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)) |
| = | (270.655 / (270.655 + 333.993)) | / | (246.293 / (246.293 + 151.647)) |
| = | 0.447624 | / | 0.61892 |
| | = | 0.7232 |
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) |
| = | (1335.938 / 3876.334) | / | (1666.301 / 3792.602) |
| = | 0.34464 | / | 0.439356 |
| | = | 0.7844 |
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) |
| = | ((1018.056 + 657.435) / 10386.146) | / | ((1090.646 + 736.411) / 11487.18) |
| = | 0.16132 | / | 0.159052 |
| | = | 1.0143 |
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 |
| = | (-672.17 - -374.033 | - | 649.614) | / | 10386.146 |
| | = | -0.091251 |
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.
Twilio has a M-score of -3.00 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WBO:TWLO has been successfully added to your