Lamb Weston Holdings Beneish M-Score Historical Data
The historical data trend for Lamb Weston 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.
|
Lamb Weston Holdings Annual Data
|
|
Trend |
May14 |
May15 |
May16 |
May17 |
May18 |
May19 |
May20 |
May21 |
May22 |
May23 |
| Beneish M-Score |
|
|
|
|
|
|
-2.31 |
-2.64 |
-2.53 |
-2.47 |
-1.79 |
|
Lamb Weston Holdings Quarterly Data
|
|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Beneish M-Score |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.52 |
-1.79 |
-1.94 |
-1.87 |
-1.87 |
Competitive Comparison
For the Packaged Foods subindustry, Lamb Weston 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.
Lamb Weston Holdings Beneish M-Score Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lamb Weston Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lamb Weston Holdings's Beneish M-Score falls into.
Lamb Weston 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 Lamb Weston 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 * 1.0798 | + | 0.528 * 1.0126 | + | 0.404 * 1.0966 | + | 0.892 * 1.3622 | + | 0.115 * 1.2282 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1084 | + | 4.679 * 0.025753 | - | 0.327 * 0.8802 |
| = | -1.87 |
* 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 (Feb24) TTM: | Last Year (Feb23) TTM: |
Total Receivables was $736 Mil.
Revenue was 1458.3 + 1732.1 + 1665.3 + 1694.9 = $6,551 Mil.
Gross Profit was 403.7 + 475.6 + 499.5 + 379.4 = $1,758 Mil.
Total Current Assets was $2,159 Mil.
Total Assets was $7,246 Mil.
Property, Plant and Equipment(Net PPE) was $3,600 Mil.
Depreciation, Depletion and Amortization(DDA) was $290 Mil.
Selling, General, & Admin. Expense(SGA) was $718 Mil.
Total Current Liabilities was $1,816 Mil.
Long-Term Debt & Capital Lease Obligation was $3,175 Mil.
Net Income was 146.1 + 215 + 234.8 + 498.8 = $1,095 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 26.3 + 120.6 + 334.6 + 426.6 = $908 Mil.
|
Total Receivables was $501 Mil.
Revenue was 1253.6 + 1276.5 + 1125.6 + 1153.1 = $4,809 Mil.
Gross Profit was 397.8 + 381.6 + 273.3 + 254.2 = $1,307 Mil.
Total Current Assets was $2,118 Mil.
Total Assets was $5,087 Mil.
Property, Plant and Equipment(Net PPE) was $2,018 Mil.
Depreciation, Depletion and Amortization(DDA) was $203 Mil.
Selling, General, & Admin. Expense(SGA) was $476 Mil.
Total Current Liabilities was $817 Mil.
Long-Term Debt & Capital Lease Obligation was $3,164 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) |
| = | (736.2 / 6550.6) | / | (500.5 / 4808.8) |
| = | 0.112387 | / | 0.10408 |
| | = | 1.0798 |
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) |
| = | (1306.9 / 4808.8) | / | (1758.2 / 6550.6) |
| = | 0.271773 | / | 0.268403 |
| | = | 1.0126 |
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 - (2159.1 + 3600.4) / 7245.7) | / | (1 - (2117.9 + 2017.8) / 5087.3) |
| = | 0.205115 | / | 0.187054 |
| | = | 1.0966 |
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 |
| = | 6550.6 | / | 4808.8 |
| | = | 1.3622 |
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)) |
| = | (203 / (203 + 2017.8)) | / | (289.5 / (289.5 + 3600.4)) |
| = | 0.091409 | / | 0.074424 |
| | = | 1.2282 |
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) |
| = | (718.4 / 6550.6) | / | (475.8 / 4808.8) |
| = | 0.109669 | / | 0.098944 |
| | = | 1.1084 |
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) |
| = | ((3175.1 + 1816) / 7245.7) | / | ((3163.9 + 817.3) / 5087.3) |
| = | 0.688836 | / | 0.782576 |
| | = | 0.8802 |
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 |
| = | (1094.7 - 0 | - | 908.1) | / | 7245.7 |
| | = | 0.025753 |
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.
Lamb Weston Holdings has a M-score of -1.87 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LW has been successfully added to your