Satellogic (Satellogic) Beneish M-Score : -3.90 (As of Apr. 29, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Satellogic Beneish M-Score?

The zones of discrimination for M-Score is as such:

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.

Good Sign:

Beneish M-Score -3.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Satellogic's Beneish M-Score or its related term are showing as below:

SATL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.9 Med: -3.28 Max: -2.65
Current: -3.9

During the past 5 years, the highest Beneish M-Score of Satellogic was -2.65. The lowest was -3.90. And the median was -3.28.

Satellogic Beneish M-Score Historical Data

The historical data trend for Satellogic'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.

* Premium members only.

Satellogic Beneish M-Score Chart

Satellogic Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

-2.65

-3.90

Satellogic Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial				-	-	-2.65	-	-3.90

Competitive Comparison of Satellogic's Beneish M-Score

For the Aerospace & Defense subindustry, Satellogic'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.

Satellogic's Beneish M-Score Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Satellogic's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Satellogic's Beneish M-Score falls into.

Satellogic 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 Satellogic for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.3874

0.528 * 0.911

0.404 * 1.6048

0.892 * 1.6756

0.115 * 0.7254

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.3828

4.679 * -0.356

0.327 * 1.2082

-3.90

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $0.90 Mil.
Revenue was $10.07 Mil.
Gross Profit was $5.02 Mil.
Total Current Assets was $26.55 Mil.
Total Assets was $76.38 Mil.
Property, Plant and Equipment(Net PPE) was $44.33 Mil.
Depreciation, Depletion and Amortization(DDA) was $17.26 Mil.
Selling, General, & Admin. Expense(SGA) was $35.88 Mil.
Total Current Liabilities was $21.39 Mil.
Long-Term Debt & Capital Lease Obligation was $1.79 Mil.
Net Income was $-61.02 Mil.
Gross Profit was $15.75 Mil.
Cash Flow from Operations was $-49.57 Mil.

Total Receivables was $1.39 Mil.
Revenue was $6.01 Mil.
Gross Profit was $2.73 Mil.
Total Current Assets was $81.24 Mil.
Total Assets was $143.86 Mil.
Property, Plant and Equipment(Net PPE) was $56.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $14.33 Mil.
Selling, General, & Admin. Expense(SGA) was $55.95 Mil.
Total Current Liabilities was $30.07 Mil.
Long-Term Debt & Capital Lease Obligation was $6.06 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)
	=	(0.901 / 10.074)	/	(1.388 / 6.012)
	=	0.089438	/	0.230872
	=	0.3874

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)
	=	(2.728 / 6.012)	/	(5.018 / 10.074)
	=	0.453759	/	0.498114
	=	0.911

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 - (26.55 + 44.325) / 76.382)	/	(1 - (81.24 + 56.152) / 143.855)
	=	0.072098	/	0.044927
	=	1.6048

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
	=	10.074	/	6.012
	=	1.6756

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))
	=	(14.326 / (14.326 + 56.152))	/	(17.256 / (17.256 + 44.325))
	=	0.203269	/	0.280216
	=	0.7254

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)
	=	(35.884 / 10.074)	/	(55.949 / 6.012)
	=	3.562041	/	9.306221
	=	0.3828

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)
	=	((1.789 + 21.392) / 76.382)	/	((6.063 + 30.072) / 143.855)
	=	0.303488	/	0.25119
	=	1.2082

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
	=	(-61.018 - 15.745	-	-49.571)	/	76.382
	=	-0.356

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.

Satellogic has a M-score of -3.90 suggests that the company is unlikely to be a manipulator.

Satellogic Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Satellogic's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.