Insight Enterprises Beneish M-Score Historical Data
The historical data trend for Insight Enterprises'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.
Insight Enterprises Beneish M-Score Chart
|
Insight Enterprises Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.85 |
-2.65 |
-2.34 |
-2.21 |
-2.52 |
|
Insight Enterprises 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.21 |
-2.70 |
-2.93 |
-2.90 |
-2.52 |
Competitive Comparison of Insight Enterprises's Beneish M-Score
For the Electronics & Computer Distribution subindustry, Insight Enterprises'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.
Insight Enterprises's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Insight Enterprises's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Insight Enterprises's Beneish M-Score falls into.
Insight Enterprises 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 Insight Enterprises 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 * 1.2784 | + | 0.528 * 0.8623 | + | 0.404 * 1.4084 | + | 0.892 * 0.8797 | + | 0.115 * 0.9467 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1551 | + | 4.679 * -0.051527 | - | 0.327 * 1.0213 |
| = | -2.52 |
* 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 $3,689 Mil.
Revenue was 2236.011 + 2266.286 + 2349.596 + 2323.947 = $9,176 Mil.
Gross Profit was 436.15 + 408.87 + 433.19 + 391.315 = $1,670 Mil.
Total Current Assets was $4,331 Mil.
Total Assets was $6,286 Mil.
Property, Plant and Equipment(Net PPE) was $210 Mil.
Depreciation, Depletion and Amortization(DDA) was $62 Mil.
Selling, General, & Admin. Expense(SGA) was $1,236 Mil.
Total Current Liabilities was $3,373 Mil.
Long-Term Debt & Capital Lease Obligation was $593 Mil.
Net Income was 90.608 + 60.247 + 80.482 + 49.972 = $281 Mil.
Non Operating Income was -6.411 + -7.012 + 3.724 + -4.605 = $-14 Mil.
Cash Flow from Operations was 205.789 + 225.782 + 27.8 + 160.16 = $620 Mil.
|
Total Receivables was $3,280 Mil.
Revenue was 2502.61 + 2534.354 + 2743.377 + 2650.85 = $10,431 Mil.
Gross Profit was 420.559 + 399.258 + 437.889 + 378.861 = $1,637 Mil.
Total Current Assets was $3,901 Mil.
Total Assets was $5,113 Mil.
Property, Plant and Equipment(Net PPE) was $204 Mil.
Depreciation, Depletion and Amortization(DDA) was $57 Mil.
Selling, General, & Admin. Expense(SGA) was $1,217 Mil.
Total Current Liabilities was $2,866 Mil.
Long-Term Debt & Capital Lease Obligation was $292 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) |
| = | (3688.808 / 9175.84) | / | (3280.28 / 10431.191) |
| = | 0.402013 | / | 0.314468 |
| | = | 1.2784 |
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) |
| = | (1636.567 / 10431.191) | / | (1669.525 / 9175.84) |
| = | 0.156892 | / | 0.181948 |
| | = | 0.8623 |
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 - (4331.301 + 210.061) / 6286.35) | / | (1 - (3900.668 + 204.26) / 5112.581) |
| = | 0.277584 | / | 0.197093 |
| | = | 1.4084 |
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 |
| = | 9175.84 | / | 10431.191 |
| | = | 0.8797 |
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)) |
| = | (56.614 / (56.614 + 204.26)) | / | (62.476 / (62.476 + 210.061)) |
| = | 0.217017 | / | 0.229239 |
| | = | 0.9467 |
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) |
| = | (1236.243 / 9175.84) | / | (1216.66 / 10431.191) |
| = | 0.134728 | / | 0.116637 |
| | = | 1.1551 |
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) |
| = | ((592.517 + 3373.383) / 6286.35) | / | ((291.672 + 2866.407) / 5112.581) |
| = | 0.630875 | / | 0.617707 |
| | = | 1.0213 |
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 |
| = | (281.309 - -14.304 | - | 619.531) | / | 6286.35 |
| | = | -0.051527 |
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.
Insight Enterprises has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSIT has been successfully added to your