Brookdale Senior Living Beneish M-Score Historical Data
The historical data trend for Brookdale Senior Living'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.
Brookdale Senior Living Beneish M-Score Chart
|
Brookdale Senior Living Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.87 |
-2.88 |
-3.32 |
-2.65 |
-3.20 |
|
Brookdale Senior Living Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.65 |
-2.72 |
-2.84 |
-2.92 |
-3.20 |
Competitive Comparison of Brookdale Senior Living's Beneish M-Score
For the Medical Care Facilities subindustry, Brookdale Senior Living'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.
Brookdale Senior Living's Beneish M-Score Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Brookdale Senior Living's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Brookdale Senior Living's Beneish M-Score falls into.
Brookdale Senior Living 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 Brookdale Senior Living 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 * 0.7923 | + | 0.528 * 0.7632 | + | 0.404 * 0.5961 | + | 0.892 * 1.0954 | + | 0.115 * 0.9851 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0426 | + | 4.679 * -0.065531 | - | 0.327 * 1.0296 |
| = | -3.20 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $48 Mil.
Revenue was 754.483 + 754.668 + 746.67 + 750.935 = $3,007 Mil.
Gross Profit was 188.626 + 182.278 + 181.553 + 185.174 = $738 Mil.
Total Current Assets was $478 Mil.
Total Assets was $5,573 Mil.
Property, Plant and Equipment(Net PPE) was $5,002 Mil.
Depreciation, Depletion and Amortization(DDA) was $350 Mil.
Selling, General, & Admin. Expense(SGA) was $381 Mil.
Total Current Liabilities was $600 Mil.
Long-Term Debt & Capital Lease Obligation was $4,491 Mil.
Net Income was -91.156 + -48.796 + -4.51 + -44.549 = $-189 Mil.
Non Operating Income was -32.738 + 0.515 + 43.853 + 1.668 = $13 Mil.
Cash Flow from Operations was 29.294 + 45.763 + 63.824 + 24.042 = $163 Mil.
|
Total Receivables was $56 Mil.
Revenue was 695.662 + 690.699 + 681.105 + 677.444 = $2,745 Mil.
Gross Profit was 128.647 + 127.705 + 130.053 + 127.539 = $514 Mil.
Total Current Assets was $637 Mil.
Total Assets was $5,937 Mil.
Property, Plant and Equipment(Net PPE) was $5,133 Mil.
Depreciation, Depletion and Amortization(DDA) was $354 Mil.
Selling, General, & Admin. Expense(SGA) was $334 Mil.
Total Current Liabilities was $641 Mil.
Long-Term Debt & Capital Lease Obligation was $4,626 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) |
| = | (48.393 / 3006.756) | / | (55.761 / 2744.91) |
| = | 0.016095 | / | 0.020314 |
| | = | 0.7923 |
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) |
| = | (513.944 / 2744.91) | / | (737.631 / 3006.756) |
| = | 0.187235 | / | 0.245325 |
| | = | 0.7632 |
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 - (478.368 + 5001.536) / 5573.435) | / | (1 - (637.093 + 5132.832) / 5937.062) |
| = | 0.016782 | / | 0.028151 |
| | = | 0.5961 |
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 |
| = | 3006.756 | / | 2744.91 |
| | = | 1.0954 |
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)) |
| = | (353.89 / (353.89 + 5132.832)) | / | (350.408 / (350.408 + 5001.536)) |
| = | 0.064499 | / | 0.065473 |
| | = | 0.9851 |
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) |
| = | (381.304 / 3006.756) | / | (333.888 / 2744.91) |
| = | 0.126816 | / | 0.121639 |
| | = | 1.0426 |
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) |
| = | ((4490.5 + 600.116) / 5573.435) | / | ((4625.873 + 641.205) / 5937.062) |
| = | 0.913371 | / | 0.887152 |
| | = | 1.0296 |
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 |
| = | (-189.011 - 13.298 | - | 162.923) | / | 5573.435 |
| | = | -0.065531 |
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.
Brookdale Senior Living has a M-score of -3.20 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKD has been successfully added to your