Assura Beneish M-Score Historical Data
The historical data trend for Assura'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.
Assura Beneish M-Score Chart
|
Assura Annual Data
|
|
Trend |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.29 |
-2.14 |
-2.30 |
-2.68 |
-2.91 |
|
Assura Semi-Annual Data
|
|
Sep14 |
Mar15 |
Sep15 |
Mar16 |
Sep16 |
Mar17 |
Sep17 |
Mar18 |
Sep18 |
Mar19 |
Sep19 |
Mar20 |
Sep20 |
Mar21 |
Sep21 |
Mar22 |
Sep22 |
Mar23 |
Sep23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.30 |
- |
-2.68 |
- |
-2.91 |
Competitive Comparison of Assura's Beneish M-Score
For the REIT - Healthcare Facilities subindustry, Assura'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.
Assura's Beneish M-Score Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Assura's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Assura's Beneish M-Score falls into.
Assura 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 Assura 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 * 1.0526 | + | 0.528 * 1.0104 | + | 0.404 * 1.027 | + | 0.892 * 1.0985 | + | 0.115 * 1.7358 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.3345 | + | 4.679 * -0.046654 | - | 0.327 * 1.0431 |
| = | -2.53 |
* 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 $44.3 Mil.
Revenue was $200.5 Mil.
Gross Profit was $182.1 Mil.
Total Current Assets was $92.9 Mil.
Total Assets was $3,573.3 Mil.
Property, Plant and Equipment(Net PPE) was $1.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.4 Mil.
Selling, General, & Admin. Expense(SGA) was $7.1 Mil.
Total Current Liabilities was $104.7 Mil.
Long-Term Debt & Capital Lease Obligation was $1,591.5 Mil.
Net Income was $-36.6 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $130.1 Mil.
|
Total Receivables was $38.4 Mil.
Revenue was $182.5 Mil.
Gross Profit was $167.5 Mil.
Total Current Assets was $183.9 Mil.
Total Assets was $3,546.8 Mil.
Property, Plant and Equipment(Net PPE) was $0.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.2 Mil.
Selling, General, & Admin. Expense(SGA) was $4.9 Mil.
Total Current Liabilities was $94.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1,519.7 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) |
| = | (44.346 / 200.508) | / | (38.35 / 182.524) |
| = | 0.221168 | / | 0.210109 |
| | = | 1.0526 |
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) |
| = | (167.476 / 182.524) | / | (182.084 / 200.508) |
| = | 0.917556 | / | 0.908113 |
| | = | 1.0104 |
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 - (92.884 + 1.271) / 3573.316) | / | (1 - (183.859 + 0.364) / 3546.845) |
| = | 0.973651 | / | 0.94806 |
| | = | 1.027 |
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 |
| = | 200.508 | / | 182.524 |
| | = | 1.0985 |
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)) |
| = | (0.243 / (0.243 + 0.364)) | / | (0.381 / (0.381 + 1.271)) |
| = | 0.400329 | / | 0.23063 |
| | = | 1.7358 |
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) |
| = | (7.116 / 200.508) | / | (4.854 / 182.524) |
| = | 0.03549 | / | 0.026594 |
| | = | 1.3345 |
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) |
| = | ((1591.487 + 104.701) / 3573.316) | / | ((1519.66 + 94.417) / 3546.845) |
| = | 0.474682 | / | 0.455074 |
| | = | 1.0431 |
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 |
| = | (-36.595 - 0 | - | 130.114) | / | 3573.316 |
| | = | -0.046654 |
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.
Assura has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ARSSF has been successfully added to your