Oracle Beneish M-Score Historical Data
The historical data trend for Oracle'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.
Oracle Beneish M-Score Chart
|
Oracle Annual Data
|
|
Trend |
May14 |
May15 |
May16 |
May17 |
May18 |
May19 |
May20 |
May21 |
May22 |
May23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.55 |
-2.56 |
-2.53 |
-2.21 |
-2.46 |
|
Oracle Quarterly Data
|
|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.29 |
-2.46 |
-2.57 |
-2.53 |
-2.48 |
Competitive Comparison of Oracle's Beneish M-Score
For the Software - Infrastructure subindustry, Oracle'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.
Oracle's Beneish M-Score Distribution in the Software Industry
For the Software industry and Technology sector, Oracle's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Oracle's Beneish M-Score falls into.
Oracle 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 Oracle 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 * 1.0693 | + | 0.528 * 1.0405 | + | 0.404 * 0.9634 | + | 0.892 * 1.0517 | + | 0.115 * 1.0118 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8123 | + | 4.679 * -0.045584 | - | 0.327 * 0.9433 |
| = | -2.52 |
* 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 (Feb24) TTM: | Last Year (Feb23) TTM: |
Total Receivables was R$36,200 Mil.
Revenue was 65880.752 + 63385.018 + 61034.644 + 68921.267 = R$259,222 Mil.
Gross Profit was 46687.03 + 45066.498 + 43341.312 + 50341.018 = R$185,436 Mil.
Total Current Assets was R$104,491 Mil.
Total Assets was R$680,050 Mil.
Property, Plant and Equipment(Net PPE) was R$94,838 Mil.
Depreciation, Depletion and Amortization(DDA) was R$30,460 Mil.
Selling, General, & Admin. Expense(SGA) was R$49,339 Mil.
Total Current Liabilities was R$123,452 Mil.
Long-Term Debt & Capital Lease Obligation was R$409,125 Mil.
Net Income was 11911.121 + 12259.694 + 11860.904 + 16532.935 = R$52,565 Mil.
Non Operating Income was -1810.728 + -1356.746 + -1637.001 + -1803.231 = R$-6,608 Mil.
Cash Flow from Operations was 27160.927 + 700.414 + 34180.969 + 28129.401 = R$90,172 Mil.
|
Total Receivables was R$32,188 Mil.
Revenue was 64231.558 + 64664.7 + 58831.878 + 58744.16 = R$246,472 Mil.
Gross Profit was 46414.787 + 46974.756 + 43220.483 + 46851.445 = R$183,461 Mil.
Total Current Assets was R$96,860 Mil.
Total Assets was R$681,897 Mil.
Property, Plant and Equipment(Net PPE) was R$84,680 Mil.
Depreciation, Depletion and Amortization(DDA) was R$27,622 Mil.
Selling, General, & Admin. Expense(SGA) was R$57,755 Mil.
Total Current Liabilities was R$118,537 Mil.
Long-Term Debt & Capital Lease Obligation was R$447,600 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) |
| = | (36199.687 / 259221.681) | / | (32188.31 / 246472.296) |
| = | 0.139648 | / | 0.130596 |
| | = | 1.0693 |
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) |
| = | (183461.471 / 246472.296) | / | (185435.858 / 259221.681) |
| = | 0.744349 | / | 0.715356 |
| | = | 1.0405 |
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 - (104491.437 + 94837.525) / 680050.094) | / | (1 - (96860.237 + 84680.176) / 681896.896) |
| = | 0.706891 | / | 0.733771 |
| | = | 0.9634 |
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 |
| = | 259221.681 | / | 246472.296 |
| | = | 1.0517 |
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)) |
| = | (27621.983 / (27621.983 + 84680.176)) | / | (30460.327 / (30460.327 + 94837.525)) |
| = | 0.245961 | / | 0.243103 |
| | = | 1.0118 |
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) |
| = | (49339.4 / 259221.681) | / | (57754.943 / 246472.296) |
| = | 0.190337 | / | 0.234326 |
| | = | 0.8123 |
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) |
| = | ((409125.423 + 123451.996) / 680050.094) | / | ((447600.397 + 118536.704) / 681896.896) |
| = | 0.783144 | / | 0.830239 |
| | = | 0.9433 |
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 |
| = | (52564.654 - -6607.706 | - | 90171.711) | / | 680050.094 |
| | = | -0.045584 |
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.
Oracle has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:ORCL34 has been successfully added to your