Elastic NV Beneish M-Score Historical Data
The historical data trend for Elastic NV'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.
Elastic NV Beneish M-Score Chart
|
Elastic NV Annual Data
|
|
Trend |
Apr17 |
Apr18 |
Apr19 |
Apr20 |
Apr21 |
Apr22 |
Apr23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
-2.82 |
-1.71 |
-3.08 |
-2.96 |
-3.05 |
|
Elastic NV 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.92 |
-3.05 |
-3.25 |
-3.01 |
-2.41 |
Competitive Comparison of Elastic NV's Beneish M-Score
For the Software - Application subindustry, Elastic NV'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.
Elastic NV's Beneish M-Score Distribution in the Software Industry
For the Software industry and Technology sector, Elastic NV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Elastic NV's Beneish M-Score falls into.
Elastic NV 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 Elastic NV 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 * 0.9574 | + | 0.528 * 0.9705 | + | 0.404 * 1.2097 | + | 0.892 * 1.133 | + | 0.115 * 1.1014 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9183 | + | 4.679 * -0.042801 | - | 0.327 * 0.8636 |
| = | -2.46 |
* 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 R$1,131 Mil.
Revenue was 1612.958 + 1570.423 + 1410.161 + 1405.724 = R$5,999 Mil.
Gross Profit was 1196.672 + 1165.501 + 1038.233 + 1035.73 = R$4,436 Mil.
Total Current Assets was R$6,699 Mil.
Total Assets was R$10,126 Mil.
Property, Plant and Equipment(Net PPE) was R$141 Mil.
Depreciation, Depletion and Amortization(DDA) was R$92 Mil.
Selling, General, & Admin. Expense(SGA) was R$3,408 Mil.
Total Current Liabilities was R$3,582 Mil.
Long-Term Debt & Capital Lease Obligation was R$2,870 Mil.
Net Income was 866.213 + -125.366 + -232.863 + -234.66 = R$273 Mil.
Non Operating Income was 42.139 + 41.509 + 31.563 + 26.052 = R$141 Mil.
Cash Flow from Operations was 257.66 + -12.068 + 181.517 + 138.367 = R$565 Mil.
|
Total Receivables was R$1,043 Mil.
Revenue was 1425.602 + 1388.66 + 1342.485 + 1138.061 = R$5,295 Mil.
Gross Profit was 1035.107 + 996.029 + 950.719 + 817.766 = R$3,800 Mil.
Total Current Assets was R$6,048 Mil.
Total Assets was R$8,453 Mil.
Property, Plant and Equipment(Net PPE) was R$137 Mil.
Depreciation, Depletion and Amortization(DDA) was R$106 Mil.
Selling, General, & Admin. Expense(SGA) was R$3,275 Mil.
Total Current Liabilities was R$3,204 Mil.
Long-Term Debt & Capital Lease Obligation was R$3,032 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) |
| = | (1130.92 / 5999.266) | / | (1042.542 / 5294.808) |
| = | 0.18851 | / | 0.196899 |
| | = | 0.9574 |
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) |
| = | (3799.621 / 5294.808) | / | (4436.136 / 5999.266) |
| = | 0.717613 | / | 0.739446 |
| | = | 0.9705 |
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 - (6699.193 + 140.661) / 10126.19) | / | (1 - (6047.501 + 137.458) / 8452.741) |
| = | 0.324538 | / | 0.26829 |
| | = | 1.2097 |
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 |
| = | 5999.266 | / | 5294.808 |
| | = | 1.133 |
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)) |
| = | (106.162 / (106.162 + 137.458)) | / | (92.08 / (92.08 + 140.661)) |
| = | 0.435769 | / | 0.395633 |
| | = | 1.1014 |
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) |
| = | (3407.593 / 5999.266) | / | (3275.114 / 5294.808) |
| = | 0.568002 | / | 0.618552 |
| | = | 0.9183 |
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) |
| = | ((2870.448 + 3581.787) / 10126.19) | / | ((3032.286 + 3204.153) / 8452.741) |
| = | 0.637183 | / | 0.737801 |
| | = | 0.8636 |
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 |
| = | (273.324 - 141.263 | - | 565.476) | / | 10126.19 |
| | = | -0.042801 |
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.
Elastic NV has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:E2ST34 has been successfully added to your