Getty Images Holdings Beneish M-Score Historical Data
The historical data trend for Getty Images 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.
Getty Images Holdings Beneish M-Score Chart
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Getty Images Holdings Annual Data
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Trend |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
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- |
- |
-2.66 |
-2.19 |
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Getty Images Holdings Quarterly Data
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Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
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-2.66 |
-2.54 |
-101.82 |
-2.15 |
-2.19 |
Competitive Comparison of Getty Images Holdings's Beneish M-Score
For the Internet Content & Information subindustry, Getty Images 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.
Getty Images Holdings's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Getty Images Holdings's Beneish M-Score falls into.
Getty Images 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 Getty Images 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 * 1.4137 | + | 0.528 * 0.9969 | + | 0.404 * 0.9664 | + | 0.892 * 0.9895 | + | 0.115 * 1.1366 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1004 | + | 4.679 * -0.013865 | - | 0.327 * 0.9872 |
| = | -2.19 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $197.1 Mil.
Revenue was 225.939 + 229.298 + 225.675 + 235.642 = $916.6 Mil.
Gross Profit was 163.269 + 168.359 + 162.321 + 172.356 = $666.3 Mil.
Total Current Assets was $365.0 Mil.
Total Assets was $2,601.8 Mil.
Property, Plant and Equipment(Net PPE) was $220.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $78.4 Mil.
Selling, General, & Admin. Expense(SGA) was $409.0 Mil.
Total Current Liabilities was $432.0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,438.5 Mil.
Net Income was 39.109 + -18.403 + -4.063 + 2.696 = $19.3 Mil.
Non Operating Income was -30.769 + -30.844 + -3.171 + -12.519 = $-77.3 Mil.
Cash Flow from Operations was 33.725 + 25.208 + 41.868 + 31.915 = $132.7 Mil.
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Total Receivables was $140.9 Mil.
Revenue was 231.466 + 230.474 + 233.327 + 230.978 = $926.2 Mil.
Gross Profit was 167.528 + 166.434 + 168.209 + 169.084 = $671.3 Mil.
Total Current Assets was $269.5 Mil.
Total Assets was $2,468.2 Mil.
Property, Plant and Equipment(Net PPE) was $219.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $93.2 Mil.
Selling, General, & Admin. Expense(SGA) was $375.6 Mil.
Total Current Liabilities was $322.5 Mil.
Long-Term Debt & Capital Lease Obligation was $1,475.1 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) |
| = | (197.103 / 916.554) | / | (140.9 / 926.245) |
| = | 0.215048 | / | 0.15212 |
| | = | 1.4137 |
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) |
| = | (671.255 / 926.245) | / | (666.305 / 916.554) |
| = | 0.724706 | / | 0.726968 |
| | = | 0.9969 |
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 - (365.004 + 220.476) / 2601.761) | / | (1 - (269.519 + 219.314) / 2468.183) |
| = | 0.774968 | / | 0.801946 |
| | = | 0.9664 |
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 |
| = | 916.554 | / | 926.245 |
| | = | 0.9895 |
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)) |
| = | (93.219 / (93.219 + 219.314)) | / | (78.443 / (78.443 + 220.476)) |
| = | 0.298269 | / | 0.262422 |
| | = | 1.1366 |
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) |
| = | (408.957 / 916.554) | / | (375.579 / 926.245) |
| = | 0.44619 | / | 0.405486 |
| | = | 1.1004 |
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) |
| = | ((1438.516 + 432.001) / 2601.761) | / | ((1475.065 + 322.495) / 2468.183) |
| = | 0.718943 | / | 0.728293 |
| | = | 0.9872 |
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 |
| = | (19.339 - -77.303 | - | 132.716) | / | 2601.761 |
| | = | -0.013865 |
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.
Getty Images Holdings has a M-score of -2.19 suggests that the company is unlikely to be a manipulator.
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