Chewy Beneish M-Score Historical Data
The historical data trend for Chewy'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.
Chewy Beneish M-Score Chart
|
Chewy Annual Data
|
|
Trend |
Dec16 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
-3.64 |
-2.78 |
-2.19 |
-2.08 |
-3.08 |
|
Chewy 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.08 |
-2.32 |
-1.92 |
-3.07 |
-3.08 |
Competitive Comparison of Chewy's Beneish M-Score
For the Internet Retail subindustry, Chewy'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.
Chewy's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chewy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chewy's Beneish M-Score falls into.
Chewy 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 Chewy 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 * 1.1012 | + | 0.528 * 0.9877 | + | 0.404 * 0.7391 | + | 0.892 * 1.1017 | + | 0.115 * 0.8531 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0407 | + | 4.679 * -0.144338 | - | 0.327 * 0.9073 |
| = | -3.08 |
* 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 $154 Mil.
Revenue was 2846.665 + 2738.611 + 2777.769 + 2784.675 = $11,148 Mil.
Gross Profit was 802.529 + 780.761 + 786.773 + 791.455 = $3,162 Mil.
Total Current Assets was $2,104 Mil.
Total Assets was $3,187 Mil.
Property, Plant and Equipment(Net PPE) was $996 Mil.
Depreciation, Depletion and Amortization(DDA) was $110 Mil.
Selling, General, & Admin. Expense(SGA) was $3,185 Mil.
Total Current Liabilities was $2,111 Mil.
Long-Term Debt & Capital Lease Obligation was $528 Mil.
Net Income was 34.263 + -35.81 + 18.946 + 22.181 = $40 Mil.
Non Operating Income was 27.122 + -34.122 + 29.242 + -8.888 = $13 Mil.
Cash Flow from Operations was 98.855 + 80.208 + 158.756 + 148.392 = $486 Mil.
|
Total Receivables was $127 Mil.
Revenue was 2727.54 + 2532.122 + 2431.011 + 2428.327 = $10,119 Mil.
Gross Profit was 763.701 + 720.177 + 682.797 + 667.82 = $2,834 Mil.
Total Current Assets was $1,525 Mil.
Total Assets was $2,520 Mil.
Property, Plant and Equipment(Net PPE) was $902 Mil.
Depreciation, Depletion and Amortization(DDA) was $83 Mil.
Selling, General, & Admin. Expense(SGA) was $2,778 Mil.
Total Current Liabilities was $1,828 Mil.
Long-Term Debt & Capital Lease Obligation was $472 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) |
| = | (154.043 / 11147.72) | / | (126.969 / 10119) |
| = | 0.013818 | / | 0.012548 |
| | = | 1.1012 |
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) |
| = | (2834.495 / 10119) | / | (3161.518 / 11147.72) |
| = | 0.280116 | / | 0.283602 |
| | = | 0.9877 |
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 - (2104.348 + 995.915) / 3186.851) | / | (1 - (1524.78 + 902.403) / 2519.818) |
| = | 0.02717 | / | 0.036763 |
| | = | 0.7391 |
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 |
| = | 11147.72 | / | 10119 |
| | = | 1.1017 |
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)) |
| = | (83.44 / (83.44 + 902.403)) | / | (109.693 / (109.693 + 995.915)) |
| = | 0.084638 | / | 0.099215 |
| | = | 0.8531 |
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) |
| = | (3185.143 / 11147.72) | / | (2778.074 / 10119) |
| = | 0.285721 | / | 0.27454 |
| | = | 1.0407 |
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) |
| = | ((527.795 + 2110.877) / 3186.851) | / | ((471.821 + 1827.718) / 2519.818) |
| = | 0.827987 | / | 0.912581 |
| | = | 0.9073 |
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 |
| = | (39.58 - 13.354 | - | 486.211) | / | 3186.851 |
| | = | -0.144338 |
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.
Chewy has a M-score of -3.08 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CHWY has been successfully added to your