BRP Beneish M-Score Historical Data
The historical data trend for BRP'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.
BRP Beneish M-Score Chart
|
BRP Annual Data
|
|
Trend |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
Jan24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.70 |
-3.26 |
-2.06 |
-1.76 |
-3.01 |
|
BRP 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.76 |
-2.12 |
-2.35 |
-2.69 |
-3.01 |
Competitive Comparison of BRP's Beneish M-Score
For the Recreational Vehicles subindustry, BRP'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.
BRP's Beneish M-Score Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, BRP's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where BRP's Beneish M-Score falls into.
BRP 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 BRP 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 * 0.993 | + | 0.528 * 0.9928 | + | 0.404 * 0.9361 | + | 0.892 * 1.0332 | + | 0.115 * 0.8836 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0744 | + | 4.679 * -0.110058 | - | 0.327 * 0.9516 |
| = | -3.01 |
* 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 (Jan24) TTM: | Last Year (Jan23) TTM: |
Total Receivables was C$717 Mil.
Revenue was 2691.8 + 2467.8 + 2778 + 2429.4 = C$10,367 Mil.
Gross Profit was 652.8 + 627.4 + 697.6 + 623.5 = C$2,601 Mil.
Total Current Assets was C$3,529 Mil.
Total Assets was C$6,776 Mil.
Property, Plant and Equipment(Net PPE) was C$2,174 Mil.
Depreciation, Depletion and Amortization(DDA) was C$392 Mil.
Selling, General, & Admin. Expense(SGA) was C$860 Mil.
Total Current Liabilities was C$2,505 Mil.
Long-Term Debt & Capital Lease Obligation was C$2,847 Mil.
Net Income was 188.5 + 63 + 337.7 + 154.2 = C$743 Mil.
Non Operating Income was -18.8 + -164 + 70.8 + -57 = C$-169 Mil.
Cash Flow from Operations was 604.9 + 305 + 489.4 + 258.8 = C$1,658 Mil.
|
Total Receivables was C$699 Mil.
Revenue was 3076.3 + 2709.3 + 2438.5 + 1809.3 = C$10,033 Mil.
Gross Profit was 787.6 + 654.7 + 602.7 + 454.4 = C$2,499 Mil.
Total Current Assets was C$3,381 Mil.
Total Assets was C$6,465 Mil.
Property, Plant and Equipment(Net PPE) was C$1,991 Mil.
Depreciation, Depletion and Amortization(DDA) was C$310 Mil.
Selling, General, & Admin. Expense(SGA) was C$775 Mil.
Total Current Liabilities was C$2,483 Mil.
Long-Term Debt & Capital Lease Obligation was C$2,883 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) |
| = | (717.1 / 10367) | / | (698.9 / 10033.4) |
| = | 0.069171 | / | 0.069657 |
| | = | 0.993 |
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) |
| = | (2499.4 / 10033.4) | / | (2601.3 / 10367) |
| = | 0.249108 | / | 0.250921 |
| | = | 0.9928 |
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 - (3528.8 + 2174) / 6775.5) | / | (1 - (3380.6 + 1990.7) / 6464.6) |
| = | 0.15832 | / | 0.169121 |
| | = | 0.9361 |
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 |
| = | 10367 | / | 10033.4 |
| | = | 1.0332 |
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)) |
| = | (310.4 / (310.4 + 1990.7)) | / | (391.7 / (391.7 + 2174)) |
| = | 0.134892 | / | 0.152668 |
| | = | 0.8836 |
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) |
| = | (860.2 / 10367) | / | (774.9 / 10033.4) |
| = | 0.082975 | / | 0.077232 |
| | = | 1.0744 |
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) |
| = | ((2847 + 2505.1) / 6775.5) | / | ((2883 + 2483.3) / 6464.6) |
| = | 0.78992 | / | 0.830105 |
| | = | 0.9516 |
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 |
| = | (743.4 - -169 | - | 1658.1) | / | 6775.5 |
| | = | -0.110058 |
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.
BRP has a M-score of -3.01 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:DOO has been successfully added to your