Palantir Technologies Beneish M-Score Historical Data
The historical data trend for Palantir Technologies'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.
Palantir Technologies Beneish M-Score Chart
|
Palantir Technologies Annual Data
|
|
Trend |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
- |
-3.44 |
-2.64 |
-2.73 |
|
Palantir Technologies Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.65 |
-2.73 |
-2.15 |
-2.16 |
-2.46 |
Competitive Comparison of Palantir Technologies's Beneish M-Score
For the Software - Infrastructure subindustry, Palantir Technologies'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.
Palantir Technologies's Beneish M-Score Distribution in the Software Industry
For the Software industry and Technology sector, Palantir Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Palantir Technologies's Beneish M-Score falls into.
Palantir Technologies 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 Palantir Technologies 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 * 1.2227 | + | 0.528 * 0.9853 | + | 0.404 * 0.8308 | + | 0.892 * 1.2212 | + | 0.115 * 1.0295 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8347 | + | 4.679 * -0.084706 | - | 0.327 * 0.9583 |
| = | -2.50 |
* 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 €602 Mil.
Revenue was 653.69 + 629.986 + 583.591 + 557.857 = €2,425 Mil.
Gross Profit was 521.568 + 510.552 + 476.635 + 458.235 = €1,967 Mil.
Total Current Assets was €4,822 Mil.
Total Assets was €5,197 Mil.
Property, Plant and Equipment(Net PPE) was €227 Mil.
Depreciation, Depletion and Amortization(DDA) was €30 Mil.
Selling, General, & Admin. Expense(SGA) was €1,224 Mil.
Total Current Liabilities was €850 Mil.
Long-Term Debt & Capital Lease Obligation was €187 Mil.
Net Income was 129.316 + 124.603 + 97.088 + 85.64 = €437 Mil.
Non Operating Income was -7.307 + -10.38 + -12.426 + -0.57 = €-31 Mil.
Cash Flow from Operations was 378.215 + 133.95 + 119.213 + 276.175 = €908 Mil.
|
Total Receivables was €403 Mil.
Revenue was 522.995 + 492.252 + 490.524 + 480.141 = €1,986 Mil.
Gross Profit was 421.872 + 393.584 + 389.983 + 381.671 = €1,587 Mil.
Total Current Assets was €3,569 Mil.
Total Assets was €3,929 Mil.
Property, Plant and Equipment(Net PPE) was €225 Mil.
Depreciation, Depletion and Amortization(DDA) was €31 Mil.
Selling, General, & Admin. Expense(SGA) was €1,201 Mil.
Total Current Liabilities was €646 Mil.
Long-Term Debt & Capital Lease Obligation was €172 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) |
| = | (601.967 / 2425.124) | / | (403.162 / 1985.912) |
| = | 0.248221 | / | 0.203011 |
| | = | 1.2227 |
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) |
| = | (1587.11 / 1985.912) | / | (1966.99 / 2425.124) |
| = | 0.799184 | / | 0.811088 |
| | = | 0.9853 |
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 - (4822.118 + 226.975) / 5197.055) | / | (1 - (3569.405 + 225.184) / 3929.232) |
| = | 0.02847 | / | 0.034267 |
| | = | 0.8308 |
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 |
| = | 2425.124 | / | 1985.912 |
| | = | 1.2212 |
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)) |
| = | (30.6 / (30.6 + 225.184)) | / | (29.843 / (29.843 + 226.975)) |
| = | 0.119632 | / | 0.116203 |
| | = | 1.0295 |
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) |
| = | (1224.024 / 2425.124) | / | (1200.813 / 1985.912) |
| = | 0.504726 | / | 0.604666 |
| | = | 0.8347 |
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) |
| = | ((186.757 + 850.054) / 5197.055) | / | ((172.471 + 645.523) / 3929.232) |
| = | 0.1995 | / | 0.208182 |
| | = | 0.9583 |
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 |
| = | (436.647 - -30.683 | - | 907.553) | / | 5197.055 |
| | = | -0.084706 |
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.
Palantir Technologies has a M-score of -2.50 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XTER:PTX has been successfully added to your