JD Sports Fashion Beneish M-Score Historical Data
The historical data trend for JD Sports Fashion'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.
JD Sports Fashion Beneish M-Score Chart
|
JD Sports Fashion Annual Data
|
|
Trend |
Jan14 |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.37 |
-3.42 |
-3.18 |
-2.52 |
-2.87 |
|
JD Sports Fashion Semi-Annual Data
|
|
Jan14 |
Jul14 |
Jan15 |
Jul15 |
Jan16 |
Jul16 |
Jan17 |
Jul17 |
Jan18 |
Jul18 |
Jan19 |
Jul19 |
Jan20 |
Jul20 |
Jan21 |
Jul21 |
Jan22 |
Jul22 |
Jan23 |
Jul23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.52 |
- |
-2.87 |
- |
Competitive Comparison of JD Sports Fashion's Beneish M-Score
For the Apparel Retail subindustry, JD Sports Fashion'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.
JD Sports Fashion's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, JD Sports Fashion's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JD Sports Fashion's Beneish M-Score falls into.
JD Sports Fashion 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 JD Sports Fashion 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 * 1.0362 | + | 0.528 * 1.0281 | + | 0.404 * 0.831 | + | 0.892 * 1.1824 | + | 0.115 * 1.0115 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.001 | + | 4.679 * -0.117014 | - | 0.327 * 0.9526 |
| = | -2.87 |
* 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 (Jan23) TTM: | Last Year (Jan22) TTM: |
Total Receivables was £249 Mil.
Revenue was £10,125 Mil.
Gross Profit was £4,840 Mil.
Total Current Assets was £3,436 Mil.
Total Assets was £8,025 Mil.
Property, Plant and Equipment(Net PPE) was £3,013 Mil.
Depreciation, Depletion and Amortization(DDA) was £633 Mil.
Selling, General, & Admin. Expense(SGA) was £3,813 Mil.
Total Current Liabilities was £2,163 Mil.
Long-Term Debt & Capital Lease Obligation was £1,953 Mil.
Net Income was £143 Mil.
Gross Profit was £0 Mil.
Cash Flow from Operations was £1,082 Mil.
|
Total Receivables was £203 Mil.
Revenue was £8,563 Mil.
Gross Profit was £4,208 Mil.
Total Current Assets was £2,677 Mil.
Total Assets was £7,069 Mil.
Property, Plant and Equipment(Net PPE) was £2,721 Mil.
Depreciation, Depletion and Amortization(DDA) was £580 Mil.
Selling, General, & Admin. Expense(SGA) was £3,222 Mil.
Total Current Liabilities was £1,887 Mil.
Long-Term Debt & Capital Lease Obligation was £1,919 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) |
| = | (248.6 / 10125) | / | (202.9 / 8563) |
| = | 0.024553 | / | 0.023695 |
| | = | 1.0362 |
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) |
| = | (4208 / 8563) | / | (4839.7 / 10125) |
| = | 0.491417 | / | 0.477995 |
| | = | 1.0281 |
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 - (3435.7 + 3012.6) / 8024.7) | / | (1 - (2676.5 + 2721.1) / 7068.6) |
| = | 0.196443 | / | 0.236398 |
| | = | 0.831 |
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 |
| = | 10125 | / | 8563 |
| | = | 1.1824 |
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)) |
| = | (579.9 / (579.9 + 2721.1)) | / | (633.2 / (633.2 + 3012.6)) |
| = | 0.175674 | / | 0.173679 |
| | = | 1.0115 |
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) |
| = | (3812.9 / 10125) | / | (3221.5 / 8563) |
| = | 0.376583 | / | 0.376212 |
| | = | 1.001 |
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) |
| = | ((1953.4 + 2163) / 8024.7) | / | ((1919.4 + 1886.9) / 7068.6) |
| = | 0.512966 | / | 0.53848 |
| | = | 0.9526 |
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 |
| = | (142.5 - 0 | - | 1081.5) | / | 8024.7 |
| | = | -0.117014 |
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.
JD Sports Fashion has a M-score of -2.87 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:JD. has been successfully added to your