BJ's Wholesale Club Holdings Beneish M-Score Historical Data
The historical data trend for BJ's Wholesale Club Holdings'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.
BJ's Wholesale Club Holdings Beneish M-Score Chart
|
BJ's Wholesale Club Holdings Annual Data
|
|
Trend |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-2.46 |
-2.97 |
-2.76 |
-2.31 |
-2.64 |
|
BJ's Wholesale Club Holdings Quarterly Data
|
|
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.31 |
-2.64 |
-2.57 |
-2.67 |
-2.64 |
Competitive Comparison of BJ's Wholesale Club Holdings's Beneish M-Score
For the Discount Stores subindustry, BJ's Wholesale Club Holdings'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.
BJ's Wholesale Club Holdings's Beneish M-Score Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, BJ's Wholesale Club Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where BJ's Wholesale Club Holdings's Beneish M-Score falls into.
BJ's Wholesale Club Holdings 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 BJ's Wholesale Club Holdings 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 * 0.9472 | + | 0.528 * 0.9738 | + | 0.404 * 0.949 | + | 0.892 * 1.0338 | + | 0.115 * 0.9462 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0233 | + | 4.679 * -0.02611 | - | 0.327 * 0.9323 |
| = | -2.64 |
* 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 (Jan24) TTM: | Last Year (Jan23) TTM: |
Total Receivables was $235 Mil.
Revenue was 5357.284 + 4924.723 + 4963.54 + 4723.142 = $19,969 Mil.
Gross Profit was 963.275 + 902.48 + 896.813 + 879.992 = $3,643 Mil.
Total Current Assets was $1,794 Mil.
Total Assets was $6,678 Mil.
Property, Plant and Equipment(Net PPE) was $3,719 Mil.
Depreciation, Depletion and Amortization(DDA) was $228 Mil.
Selling, General, & Admin. Expense(SGA) was $2,823 Mil.
Total Current Liabilities was $2,468 Mil.
Long-Term Debt & Capital Lease Obligation was $2,512 Mil.
Net Income was 145.872 + 130.467 + 131.325 + 116.077 = $524 Mil.
Non Operating Income was -9.31 + -6.001 + -1.584 + -3.894 = $-21 Mil.
Cash Flow from Operations was 274.352 + 175.031 + 150.368 + 119.132 = $719 Mil.
|
Total Receivables was $240 Mil.
Revenue was 4929.595 + 4785.319 + 5103.816 + 4496.435 = $19,315 Mil.
Gross Profit was 903.181 + 877.1 + 860.047 + 790.597 = $3,431 Mil.
Total Current Assets was $1,703 Mil.
Total Assets was $6,350 Mil.
Property, Plant and Equipment(Net PPE) was $3,480 Mil.
Depreciation, Depletion and Amortization(DDA) was $201 Mil.
Selling, General, & Admin. Expense(SGA) was $2,668 Mil.
Total Current Liabilities was $2,545 Mil.
Long-Term Debt & Capital Lease Obligation was $2,534 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) |
| = | (234.769 / 19968.689) | / | (239.746 / 19315.165) |
| = | 0.011757 | / | 0.012412 |
| | = | 0.9472 |
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) |
| = | (3430.925 / 19315.165) | / | (3642.56 / 19968.689) |
| = | 0.177629 | / | 0.182414 |
| | = | 0.9738 |
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 - (1794.006 + 3719.274) / 6677.622) | / | (1 - (1703.245 + 3479.954) / 6349.956) |
| = | 0.174365 | / | 0.183743 |
| | = | 0.949 |
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 |
| = | 19968.689 | / | 19315.165 |
| | = | 1.0338 |
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)) |
| = | (200.934 / (200.934 + 3479.954)) | / | (227.696 / (227.696 + 3719.274)) |
| = | 0.054588 | / | 0.057689 |
| | = | 0.9462 |
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) |
| = | (2822.513 / 19968.689) | / | (2668.005 / 19315.165) |
| = | 0.141347 | / | 0.13813 |
| | = | 1.0233 |
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) |
| = | ((2511.809 + 2468.048) / 6677.622) | / | ((2534.092 + 2545.341) / 6349.956) |
| = | 0.745753 | / | 0.799916 |
| | = | 0.9323 |
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 |
| = | (523.741 - -20.789 | - | 718.883) | / | 6677.622 |
| | = | -0.02611 |
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.
BJ's Wholesale Club Holdings has a M-score of -2.64 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BJ has been successfully added to your