Syneos Health Beneish M-Score Historical Data
The historical data trend for Syneos Health'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.
Syneos Health Beneish M-Score Chart
|
Syneos Health Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.21 |
-2.48 |
-2.67 |
-2.40 |
-2.40 |
|
Syneos Health Quarterly Data
|
|
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.24 |
-2.34 |
-2.40 |
-2.47 |
-2.46 |
Competitive Comparison of Syneos Health's Beneish M-Score
For the Diagnostics & Research subindustry, Syneos Health'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.
Syneos Health's Beneish M-Score Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Syneos Health's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Syneos Health's Beneish M-Score falls into.
Syneos Health 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 Syneos Health 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 * 0.972 | + | 0.528 * 1.0672 | + | 0.404 * 0.9996 | + | 0.892 * 1.0616 | + | 0.115 * 0.7979 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0741 | + | 4.679 * -0.004587 | - | 0.327 * 0.954 |
| = | -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 (Jun23) TTM: | Last Year (Jun22) TTM: |
Total Receivables was €1,569 Mil.
Revenue was 1260.892 + 1267.251 + 1283.714 + 1349.585 = €5,161 Mil.
Gross Profit was 272.024 + 250.546 + 300.347 + 321.623 = €1,145 Mil.
Total Current Assets was €1,801 Mil.
Total Assets was €7,454 Mil.
Property, Plant and Equipment(Net PPE) was €307 Mil.
Depreciation, Depletion and Amortization(DDA) was €233 Mil.
Selling, General, & Admin. Expense(SGA) was €581 Mil.
Total Current Liabilities was €1,502 Mil.
Long-Term Debt & Capital Lease Obligation was €2,609 Mil.
Net Income was 0.732 + -67.387 + 52.418 + 87.919 = €74 Mil.
Non Operating Income was -14.798 + -87.843 + -49.459 + 12.062 = €-140 Mil.
Cash Flow from Operations was -31.088 + 28.416 + 116.883 + 133.699 = €248 Mil.
|
Total Receivables was €1,520 Mil.
Revenue was 1287.259 + 1213.318 + 1215.445 + 1145.996 = €4,862 Mil.
Gross Profit was 308.247 + 264.973 + 308.527 + 268.892 = €1,151 Mil.
Total Current Assets was €1,780 Mil.
Total Assets was €7,773 Mil.
Property, Plant and Equipment(Net PPE) was €416 Mil.
Depreciation, Depletion and Amortization(DDA) was €219 Mil.
Selling, General, & Admin. Expense(SGA) was €509 Mil.
Total Current Liabilities was €1,615 Mil.
Long-Term Debt & Capital Lease Obligation was €2,879 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) |
| = | (1568.673 / 5161.442) | / | (1520.176 / 4862.018) |
| = | 0.303921 | / | 0.312664 |
| | = | 0.972 |
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) |
| = | (1150.639 / 4862.018) | / | (1144.54 / 5161.442) |
| = | 0.236659 | / | 0.221748 |
| | = | 1.0672 |
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 - (1801.474 + 307.034) / 7453.577) | / | (1 - (1780.25 + 416.166) / 7772.972) |
| = | 0.717115 | / | 0.717429 |
| | = | 0.9996 |
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 |
| = | 5161.442 | / | 4862.018 |
| | = | 1.0616 |
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)) |
| = | (218.604 / (218.604 + 416.166)) | / | (233.17 / (233.17 + 307.034)) |
| = | 0.344383 | / | 0.431633 |
| | = | 0.7979 |
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) |
| = | (580.967 / 5161.442) | / | (509.491 / 4862.018) |
| = | 0.112559 | / | 0.10479 |
| | = | 1.0741 |
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) |
| = | ((2609.276 + 1501.867) / 7453.577) | / | ((2878.88 + 1615.256) / 7772.972) |
| = | 0.551566 | / | 0.578175 |
| | = | 0.954 |
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 |
| = | (73.682 - -140.038 | - | 247.91) | / | 7453.577 |
| | = | -0.004587 |
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.
Syneos Health 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
FRA:8IN has been successfully added to your