Recruit Holdings Co Beneish M-Score Historical Data
The historical data trend for Recruit Holdings Co'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.
Recruit Holdings Co Beneish M-Score Chart
|
Recruit Holdings Co Annual Data
|
|
Trend |
Mar14 |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.72 |
-2.87 |
-2.61 |
-2.60 |
-2.66 |
|
Recruit Holdings Co 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.45 |
-2.66 |
-2.54 |
-2.67 |
-2.62 |
Competitive Comparison of Recruit Holdings Co's Beneish M-Score
For the Internet Content & Information subindustry, Recruit Holdings Co'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.
Recruit Holdings Co's Beneish M-Score Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Recruit Holdings Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Recruit Holdings Co's Beneish M-Score falls into.
Recruit Holdings Co 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 Recruit Holdings Co 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 * 0.961 | + | 0.528 * 1.0112 | + | 0.404 * 0.9935 | + | 0.892 * 0.9471 | + | 0.115 * 0.9744 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9571 | + | 4.679 * -0.040003 | - | 0.327 * 0.8259 |
| = | -2.69 |
* 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 $3,632 Mil.
Revenue was 6020.044 + 5783.828 + 6018.955 + 6192.761 = $24,016 Mil.
Gross Profit was 3369.884 + 3324.637 + 3506.11 + 3611.802 = $13,812 Mil.
Total Current Assets was $11,487 Mil.
Total Assets was $20,977 Mil.
Property, Plant and Equipment(Net PPE) was $1,642 Mil.
Depreciation, Depletion and Amortization(DDA) was $827 Mil.
Selling, General, & Admin. Expense(SGA) was $10,769 Mil.
Total Current Liabilities was $4,823 Mil.
Long-Term Debt & Capital Lease Obligation was $1,175 Mil.
Net Income was 738.706 + 777.93 + 693.699 + 165.826 = $2,376 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 798.679 + 1287.741 + 385.956 + 742.928 = $3,215 Mil.
|
Total Receivables was $3,990 Mil.
Revenue was 6523.517 + 6130.979 + 6294.14 + 6407.14 = $25,356 Mil.
Gross Profit was 3739.664 + 3586.904 + 3699.724 + 3720.009 = $14,746 Mil.
Total Current Assets was $10,597 Mil.
Total Assets was $20,078 Mil.
Property, Plant and Equipment(Net PPE) was $1,921 Mil.
Depreciation, Depletion and Amortization(DDA) was $931 Mil.
Selling, General, & Admin. Expense(SGA) was $11,879 Mil.
Total Current Liabilities was $5,554 Mil.
Long-Term Debt & Capital Lease Obligation was $1,397 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) |
| = | (3632.14 / 24015.588) | / | (3990.459 / 25355.776) |
| = | 0.151241 | / | 0.157379 |
| | = | 0.961 |
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) |
| = | (14746.301 / 25355.776) | / | (13812.433 / 24015.588) |
| = | 0.581576 | / | 0.575144 |
| | = | 1.0112 |
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 - (11486.698 + 1642.412) / 20976.764) | / | (1 - (10596.829 + 1920.664) / 20077.723) |
| = | 0.374112 | / | 0.376548 |
| | = | 0.9935 |
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 |
| = | 24015.588 | / | 25355.776 |
| | = | 0.9471 |
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)) |
| = | (930.792 / (930.792 + 1920.664)) | / | (827.452 / (827.452 + 1642.412)) |
| = | 0.326427 | / | 0.335019 |
| | = | 0.9744 |
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) |
| = | (10768.704 / 24015.588) | / | (11879.079 / 25355.776) |
| = | 0.448405 | / | 0.468496 |
| | = | 0.9571 |
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) |
| = | ((1175.283 + 4822.571) / 20976.764) | / | ((1396.585 + 5554.165) / 20077.723) |
| = | 0.285928 | / | 0.346192 |
| | = | 0.8259 |
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 |
| = | (2376.161 - 0 | - | 3215.304) | / | 20976.764 |
| | = | -0.040003 |
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.
Recruit Holdings Co has a M-score of -2.69 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RCRUY has been successfully added to your