ChargePoint Holdings Beneish M-Score Historical Data
The historical data trend for ChargePoint 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.
ChargePoint Holdings Beneish M-Score Chart
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ChargePoint Holdings Annual Data
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Trend |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Beneish M-Score |
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- |
- |
1.39 |
-2.23 |
-2.18 |
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ChargePoint Holdings Quarterly Data
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Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Beneish M-Score |
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-2.23 |
-1.78 |
-1.87 |
-1.95 |
-2.18 |
Competitive Comparison of ChargePoint Holdings's Beneish M-Score
For the Specialty Retail subindustry, ChargePoint 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.
ChargePoint Holdings's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, ChargePoint Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where ChargePoint Holdings's Beneish M-Score falls into.
ChargePoint 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 ChargePoint 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 * 0.6951 | + | 0.528 * 3.0881 | + | 0.404 * 0.9456 | + | 0.892 * 1.0823 | + | 0.115 * 0.8689 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0292 | + | 4.679 * -0.1157 | - | 0.327 * 1.0278 |
| = | -2.18 |
* 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 $124.0 Mil.
Revenue was 115.832 + 110.283 + 150.494 + 130.03 = $506.6 Mil.
Gross Profit was 22.404 + -23.946 + 1.125 + 30.535 = $30.1 Mil.
Total Current Assets was $742.7 Mil.
Total Assets was $1,103.4 Mil.
Property, Plant and Equipment(Net PPE) was $57.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $28.5 Mil.
Selling, General, & Admin. Expense(SGA) was $259.3 Mil.
Total Current Liabilities was $330.2 Mil.
Long-Term Debt & Capital Lease Obligation was $301.1 Mil.
Net Income was -94.748 + -158.219 + -125.255 + -79.388 = $-457.6 Mil.
Non Operating Income was 1.164 + -2.815 + 0.068 + 0.573 = $-1.0 Mil.
Cash Flow from Operations was -41.453 + -96.886 + -86.357 + -104.245 = $-328.9 Mil.
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Total Receivables was $164.9 Mil.
Revenue was 152.827 + 125.341 + 108.292 + 81.633 = $468.1 Mil.
Gross Profit was 32.991 + 22.681 + 18.153 + 12.107 = $85.9 Mil.
Total Current Assets was $704.2 Mil.
Total Assets was $1,080.0 Mil.
Property, Plant and Equipment(Net PPE) was $62.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $25.1 Mil.
Selling, General, & Admin. Expense(SGA) was $232.8 Mil.
Total Current Liabilities was $284.3 Mil.
Long-Term Debt & Capital Lease Obligation was $316.8 Mil.
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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) |
| = | (124.049 / 506.639) | / | (164.892 / 468.093) |
| = | 0.244847 | / | 0.352263 |
| | = | 0.6951 |
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) |
| = | (85.932 / 468.093) | / | (30.118 / 506.639) |
| = | 0.183579 | / | 0.059447 |
| | = | 3.0881 |
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 - (742.683 + 57.808) / 1103.363) | / | (1 - (704.17 + 62.288) / 1079.957) |
| = | 0.274499 | / | 0.290288 |
| | = | 0.9456 |
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 |
| = | 506.639 | / | 468.093 |
| | = | 1.0823 |
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)) |
| = | (25.05 / (25.05 + 62.288)) | / | (28.486 / (28.486 + 57.808)) |
| = | 0.286817 | / | 0.330104 |
| | = | 0.8689 |
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) |
| = | (259.289 / 506.639) | / | (232.758 / 468.093) |
| = | 0.511783 | / | 0.497247 |
| | = | 1.0292 |
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) |
| = | ((301.054 + 330.153) / 1103.363) | / | ((316.777 + 284.336) / 1079.957) |
| = | 0.572076 | / | 0.556608 |
| | = | 1.0278 |
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 |
| = | (-457.61 - -1.01 | - | -328.941) | / | 1103.363 |
| | = | -0.1157 |
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.
ChargePoint Holdings has a M-score of -2.18 suggests that the company is unlikely to be a manipulator.
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