Alimentation Couche-Tard Beneish M-Score Historical Data
The historical data trend for Alimentation Couche-Tard'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.
Alimentation Couche-Tard Beneish M-Score Chart
|
Alimentation Couche-Tard Annual Data
|
|
Trend |
Apr14 |
Apr15 |
Apr16 |
Apr17 |
Apr18 |
Apr19 |
Apr20 |
Apr21 |
Apr22 |
Apr23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.73 |
-3.21 |
-2.42 |
-2.23 |
-2.59 |
|
Alimentation Couche-Tard Quarterly Data
|
|
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
Jan24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
-2.59 |
- |
- |
- |
Competitive Comparison of Alimentation Couche-Tard's Beneish M-Score
For the Specialty Retail subindustry, Alimentation Couche-Tard'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.
Alimentation Couche-Tard's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Alimentation Couche-Tard's Beneish M-Score falls into.
Alimentation Couche-Tard 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 Alimentation Couche-Tard 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 * 0.8119 | + | 0.528 * 1.0446 | + | 0.404 * 1.0779 | + | 0.892 * 1.2216 | + | 0.115 * 1.0516 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1 | + | 4.679 * -0.04471 | - | 0.327 * 0.9619 |
| = | -2.59 |
* 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 (Apr23) TTM: | Last Year (Apr22) TTM: |
Total Receivables was C$3,235 Mil.
Revenue was C$96,892 Mil.
Gross Profit was C$16,251 Mil.
Total Current Assets was C$7,645 Mil.
Total Assets was C$39,170 Mil.
Property, Plant and Equipment(Net PPE) was C$20,574 Mil.
Depreciation, Depletion and Amortization(DDA) was C$2,068 Mil.
Selling, General, & Admin. Expense(SGA) was C$0 Mil.
Total Current Liabilities was C$6,964 Mil.
Long-Term Debt & Capital Lease Obligation was C$12,172 Mil.
Net Income was C$4,168 Mil.
Gross Profit was C$61 Mil.
Cash Flow from Operations was C$5,858 Mil.
|
Total Receivables was C$3,261 Mil.
Revenue was C$79,316 Mil.
Gross Profit was C$13,897 Mil.
Total Current Assets was C$9,254 Mil.
Total Assets was C$37,368 Mil.
Property, Plant and Equipment(Net PPE) was C$18,422 Mil.
Depreciation, Depletion and Amortization(DDA) was C$1,957 Mil.
Selling, General, & Admin. Expense(SGA) was C$0 Mil.
Total Current Liabilities was C$7,599 Mil.
Long-Term Debt & Capital Lease Obligation was C$11,382 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) |
| = | (3234.812 / 96891.574) | / | (3261.434 / 79316.342) |
| = | 0.033386 | / | 0.041119 |
| | = | 0.8119 |
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) |
| = | (13896.861 / 79316.342) | / | (16251.052 / 96891.574) |
| = | 0.175208 | / | 0.167724 |
| | = | 1.0446 |
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 - (7644.889 + 20574.022) / 39169.941) | / | (1 - (9254.177 + 18422.232) / 37368.272) |
| = | 0.279577 | / | 0.259361 |
| | = | 1.0779 |
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 |
| = | 96891.574 | / | 79316.342 |
| | = | 1.2216 |
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)) |
| = | (1957.214 / (1957.214 + 18422.232)) | / | (2067.771 / (2067.771 + 20574.022)) |
| = | 0.096039 | / | 0.091325 |
| | = | 1.0516 |
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) |
| = | (0 / 96891.574) | / | (0 / 79316.342) |
| = | 0 | / | 0 |
| | = | 1 |
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) |
| = | ((12172.142 + 6964.486) / 39169.941) | / | ((11381.743 + 7598.773) / 37368.272) |
| = | 0.488554 | / | 0.507931 |
| | = | 0.9619 |
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 |
| = | (4167.77 - 60.813 | - | 5858.259) | / | 39169.941 |
| | = | -0.04471 |
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.
Alimentation Couche-Tard has a M-score of -2.59 suggests that the company is unlikely to be a manipulator.
Alimentation Couche-Tard (TSX:ATD) Business Description
Traded in Other Exchanges
Address
4204 Boulevard Industriel, Laval, QC, CAN, H7L 0E3
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.
Executives
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:ATD has been successfully added to your