Revolve Group Beneish M-Score Historical Data
The historical data trend for Revolve Group'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.
Revolve Group Beneish M-Score Chart
|
Revolve Group Annual Data
|
|
Trend |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
-2.61 |
-1.09 |
-2.26 |
-2.09 |
-1.99 |
|
Revolve Group 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.09 |
-2.36 |
-2.20 |
-1.72 |
-1.99 |
Competitive Comparison of Revolve Group's Beneish M-Score
For the Internet Retail subindustry, Revolve Group'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.
Revolve Group's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Revolve Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Revolve Group's Beneish M-Score falls into.
Revolve Group 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 Revolve Group 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 * 1.7224 | + | 0.528 * 1.0371 | + | 0.404 * 1.176 | + | 0.892 * 0.9703 | + | 0.115 * 1.2637 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0476 | + | 4.679 * -0.05062 | - | 0.327 * 1.0658 |
| = | -1.99 |
* 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 $14 Mil.
Revenue was 257.778 + 257.603 + 273.729 + 279.609 = $1,069 Mil.
Gross Profit was 134.049 + 133.232 + 147.698 + 139.22 = $554 Mil.
Total Current Assets was $529 Mil.
Total Assets was $609 Mil.
Property, Plant and Equipment(Net PPE) was $44 Mil.
Depreciation, Depletion and Amortization(DDA) was $5 Mil.
Selling, General, & Admin. Expense(SGA) was $495 Mil.
Total Current Liabilities was $190 Mil.
Long-Term Debt & Capital Lease Obligation was $34 Mil.
Net Income was 3.494 + 3.178 + 7.303 + 14.172 = $28 Mil.
Non Operating Income was 2.677 + 3.984 + 2.381 + 6.585 = $16 Mil.
Cash Flow from Operations was -3.876 + 12.486 + -14.097 + 48.829 = $43 Mil.
|
Total Receivables was $8 Mil.
Revenue was 259.153 + 268.711 + 290.054 + 283.498 = $1,101 Mil.
Gross Profit was 133.288 + 142.382 + 162.242 + 154.411 = $592 Mil.
Total Current Assets was $518 Mil.
Total Assets was $579 Mil.
Property, Plant and Equipment(Net PPE) was $32 Mil.
Depreciation, Depletion and Amortization(DDA) was $5 Mil.
Selling, General, & Admin. Expense(SGA) was $487 Mil.
Total Current Liabilities was $181 Mil.
Long-Term Debt & Capital Lease Obligation was $19 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) |
| = | (14.03 / 1068.719) | / | (8.395 / 1101.416) |
| = | 0.013128 | / | 0.007622 |
| | = | 1.7224 |
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) |
| = | (592.323 / 1101.416) | / | (554.199 / 1068.719) |
| = | 0.537783 | / | 0.518564 |
| | = | 1.0371 |
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 - (528.589 + 44.203) / 608.886) | / | (1 - (518.217 + 31.898) / 579.318) |
| = | 0.059279 | / | 0.050409 |
| | = | 1.176 |
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 |
| = | 1068.719 | / | 1101.416 |
| | = | 0.9703 |
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)) |
| = | (4.791 / (4.791 + 31.898)) | / | (5.094 / (5.094 + 44.203)) |
| = | 0.130584 | / | 0.103333 |
| | = | 1.2637 |
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) |
| = | (495.411 / 1068.719) | / | (487.379 / 1101.416) |
| = | 0.463556 | / | 0.442502 |
| | = | 1.0476 |
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) |
| = | ((34.126 + 189.62) / 608.886) | / | ((18.659 + 181.086) / 579.318) |
| = | 0.367468 | / | 0.344793 |
| | = | 1.0658 |
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 |
| = | (28.147 - 15.627 | - | 43.342) | / | 608.886 |
| | = | -0.05062 |
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.
Revolve Group has a M-score of -1.99 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RVLV has been successfully added to your