iQIYI Beneish M-Score Historical Data
The historical data trend for iQIYI'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.
iQIYI Beneish M-Score Chart
|
iQIYI Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
-3.45 |
-3.62 |
-2.56 |
-2.83 |
-2.35 |
|
iQIYI Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.83 |
-2.91 |
-2.77 |
-2.82 |
-2.35 |
Competitive Comparison of iQIYI's Beneish M-Score
For the Entertainment subindustry, iQIYI'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.
iQIYI's Beneish M-Score Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, iQIYI's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where iQIYI's Beneish M-Score falls into.
iQIYI 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 iQIYI 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 * 1.2882 | + | 0.528 * 0.8315 | + | 0.404 * 1.0301 | + | 0.892 * 1.0428 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0579 | + | 4.679 * -0.030187 | - | 0.327 * 0.8407 |
| = | -2.35 |
* 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 $842 Mil.
Revenue was 1079.307 + 1098.272 + 1089.493 + 1211.57 = $4,479 Mil.
Gross Profit was 304.387 + 298.105 + 283.245 + 347.241 = $1,233 Mil.
Total Current Assets was $1,770 Mil.
Total Assets was $6,246 Mil.
Property, Plant and Equipment(Net PPE) was $217 Mil.
Depreciation, Depletion and Amortization(DDA) was $0 Mil.
Selling, General, & Admin. Expense(SGA) was $564 Mil.
Total Current Liabilities was $3,129 Mil.
Long-Term Debt & Capital Lease Obligation was $1,228 Mil.
Net Income was 65.297 + 65.213 + 50.997 + 89.699 = $271 Mil.
Non Operating Income was -4.285 + -2.456 + -1.156 + -3.957 = $-12 Mil.
Cash Flow from Operations was 88.735 + 113.826 + 123.657 + 145.375 = $472 Mil.
|
Total Receivables was $626 Mil.
Revenue was 1089.097 + 1064.332 + 994.227 + 1146.969 = $4,295 Mil.
Gross Profit was 314.215 + 251.559 + 210.388 + 206.98 = $983 Mil.
Total Current Assets was $1,977 Mil.
Total Assets was $6,605 Mil.
Property, Plant and Equipment(Net PPE) was $255 Mil.
Depreciation, Depletion and Amortization(DDA) was $0 Mil.
Selling, General, & Admin. Expense(SGA) was $512 Mil.
Total Current Liabilities was $4,035 Mil.
Long-Term Debt & Capital Lease Obligation was $1,445 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) |
| = | (841.551 / 4478.642) | / | (626.421 / 4294.625) |
| = | 0.187903 | / | 0.145862 |
| | = | 1.2882 |
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) |
| = | (983.142 / 4294.625) | / | (1232.978 / 4478.642) |
| = | 0.228924 | / | 0.275302 |
| | = | 0.8315 |
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 - (1769.59 + 216.76) / 6245.536) | / | (1 - (1977.371 + 255.13) / 6605.039) |
| = | 0.681957 | / | 0.662 |
| | = | 1.0301 |
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 |
| = | 4478.642 | / | 4294.625 |
| | = | 1.0428 |
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)) |
| = | (0 / (0 + 255.13)) | / | (0 / (0 + 216.76)) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | (564.405 / 4478.642) | / | (511.58 / 4294.625) |
| = | 0.126021 | / | 0.119121 |
| | = | 1.0579 |
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) |
| = | ((1227.659 + 3128.979) / 6245.536) | / | ((1445.394 + 4034.886) / 6605.039) |
| = | 0.69756 | / | 0.829712 |
| | = | 0.8407 |
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 |
| = | (271.206 - -11.854 | - | 471.593) | / | 6245.536 |
| | = | -0.030187 |
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.
iQIYI has a M-score of -2.35 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IQ has been successfully added to your