Walmart Chile (XSGO:WMTCL) Beneish M-Score : 0.00 (As of May. 29, 2024)

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What is Walmart Chile Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

The historical rank and industry rank for Walmart Chile's Beneish M-Score or its related term are showing as below:

During the past 9 years, the highest Beneish M-Score of Walmart Chile was 0.00. The lowest was 0.00. And the median was 0.00.

Walmart Chile Beneish M-Score Historical Data

The historical data trend for Walmart Chile'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.

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Walmart Chile Beneish M-Score Chart

Walmart Chile Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Beneish M-Score

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Walmart Chile Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Walmart Chile's Beneish M-Score

For the Department Stores subindustry, Walmart Chile'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.

Walmart Chile's Beneish M-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Walmart Chile's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Walmart Chile's Beneish M-Score falls into.

Walmart Chile 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 Walmart Chile for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0647

0.528 * 0.9511

0.404 * 0.9781

0.892 * 1.0862

0.115 * 0.9187

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0666

4.679 * -0.039855

0.327 * 0.9234

-2.56

This Year (Jun16) TTM:

Last Year (Jun15) TTM:

Total Receivables was CLP387,297 Mil.
Revenue was 969846.431 + 972470.305 + 1063913.159 + 929626.545 = CLP3,935,856 Mil.
Gross Profit was 275117.353 + 264510.323 + 292381.685 + 259282.598 = CLP1,091,292 Mil.
Total Current Assets was CLP1,084,745 Mil.
Total Assets was CLP3,542,769 Mil.
Property, Plant and Equipment(Net PPE) was CLP1,254,730 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP105,200 Mil.
Selling, General, & Admin. Expense(SGA) was CLP277,062 Mil.
Total Current Liabilities was CLP1,041,331 Mil.
Long-Term Debt & Capital Lease Obligation was CLP14,048 Mil.
Net Income was 76973.756 + 42908.425 + 69631.442 + 182988.408 = CLP372,502 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was 107217.895 + 128689.04 + 264723.523 + 13067.637 = CLP513,698 Mil.

Total Receivables was CLP334,886 Mil.
Revenue was 927842.888 + 893059.87 + 945879.974 + 856643.308 = CLP3,623,426 Mil.
Gross Profit was 240719.435 + 239330.292 + 241992.448 + 233535.799 = CLP955,578 Mil.
Total Current Assets was CLP838,323 Mil.
Total Assets was CLP3,330,531 Mil.
Property, Plant and Equipment(Net PPE) was CLP1,335,660 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP102,190 Mil.
Selling, General, & Admin. Expense(SGA) was CLP239,149 Mil.
Total Current Liabilities was CLP1,058,225 Mil.
Long-Term Debt & Capital Lease Obligation was CLP16,207 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)
	=	(387297.167 / 3935856.44)	/	(334885.68 / 3623426.04)
	=	0.098402	/	0.092422
	=	1.0647

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)
	=	(955577.974 / 3623426.04)	/	(1091291.959 / 3935856.44)
	=	0.263722	/	0.277269
	=	0.9511

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 - (1084745.478 + 1254730.262) / 3542768.969)	/	(1 - (838322.672 + 1335659.693) / 3330531.293)
	=	0.339648	/	0.347257
	=	0.9781

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
	=	3935856.44	/	3623426.04
	=	1.0862

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))
	=	(102189.725 / (102189.725 + 1335659.693))	/	(105199.627 / (105199.627 + 1254730.262))
	=	0.071071	/	0.077357
	=	0.9187

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)
	=	(277061.908 / 3935856.44)	/	(239149.187 / 3623426.04)
	=	0.070394	/	0.066001
	=	1.0666

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)
	=	((14047.955 + 1041331.333) / 3542768.969)	/	((16206.848 + 1058225.231) / 3330531.293)
	=	0.297897	/	0.322601
	=	0.9234

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
	=	(372502.031 - 0	-	513698.095)	/	3542768.969
	=	-0.039855

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.

Walmart Chile has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.

Walmart Chile Beneish M-Score Related Terms

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Walmart Chile (XSGO:WMTCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Walmart Chile SA (XSGO:WMTCL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

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Address

Av eduardo frei montalva 8301, Casilla, Santiago, CHL, 620

Website

http://www.walmartchile.cl

Walmart Chile SA is engaged in the operation of supermarkets. The company operates supermarkets under the brands lider, express lider, acuenta, ekono, central mayorista, and lider.cl. The firm also provides financial services which include offering financing to its customers through MasterCard and presto credit cards, requesting advances in cash, consumer loans, access to various products and services such as insurance, payment of accounts, and Real estate services which includes construction of new premises of the company and management of commercial premises that are part of company's supermarkets.

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