Brookfield Renewable Beneish M-Score Historical Data
The historical data trend for Brookfield Renewable'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.
Brookfield Renewable Beneish M-Score Chart
|
Brookfield Renewable Annual Data
|
|
Trend |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
- |
-2.66 |
-2.37 |
-2.42 |
-2.02 |
|
Brookfield Renewable Quarterly Data
|
|
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-1.91 |
-1.92 |
-1.87 |
-2.02 |
-2.46 |
Competitive Comparison of Brookfield Renewable's Beneish M-Score
For the Utilities - Renewable subindustry, Brookfield Renewable'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.
Brookfield Renewable's Beneish M-Score Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Brookfield Renewable's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Brookfield Renewable's Beneish M-Score falls into.
Brookfield Renewable 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 Brookfield Renewable 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 * 0.9884 | + | 0.528 * 1.1787 | + | 0.404 * 0.8943 | + | 0.892 * 1.0284 | + | 0.115 * 0.8918 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0 | + | 4.679 * -0.044507 | - | 0.327 * 0.9528 |
| = | -2.45 |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was $1,671 Mil.
Revenue was 1125 + 1066 + 934 + 901 = $4,026 Mil.
Gross Profit was 641 + 600 + 546 + 593 = $2,380 Mil.
Total Current Assets was $2,769 Mil.
Total Assets was $44,240 Mil.
Property, Plant and Equipment(Net PPE) was $39,485 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,381 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $7,112 Mil.
Long-Term Debt & Capital Lease Obligation was $13,095 Mil.
Net Income was 491 + -747 + 1340 + 291 = $1,375 Mil.
Non Operating Income was 612 + -501 + 1505 + 459 = $2,075 Mil.
Cash Flow from Operations was 257 + 471 + 288 + 253 = $1,269 Mil.
|
Total Receivables was $1,644 Mil.
Revenue was 1066 + 956 + 896 + 997 = $3,915 Mil.
Gross Profit was 762 + 662 + 603 + 701 = $2,728 Mil.
Total Current Assets was $2,815 Mil.
Total Assets was $43,250 Mil.
Property, Plant and Equipment(Net PPE) was $38,264 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,189 Mil.
Selling, General, & Admin. Expense(SGA) was $153 Mil.
Total Current Liabilities was $8,284 Mil.
Long-Term Debt & Capital Lease Obligation was $12,450 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) |
| = | (1671 / 4026) | / | (1644 / 3915) |
| = | 0.415052 | / | 0.419923 |
| | = | 0.9884 |
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) |
| = | (2728 / 3915) | / | (2380 / 4026) |
| = | 0.696807 | / | 0.591157 |
| | = | 1.1787 |
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 - (2769 + 39485) / 44240) | / | (1 - (2815 + 38264) / 43250) |
| = | 0.044892 | / | 0.050197 |
| | = | 0.8943 |
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 |
| = | 4026 | / | 3915 |
| | = | 1.0284 |
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)) |
| = | (1189 / (1189 + 38264)) | / | (1381 / (1381 + 39485)) |
| = | 0.030137 | / | 0.033793 |
| | = | 0.8918 |
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 / 4026) | / | (153 / 3915) |
| = | 0 | / | 0.03908 |
| | = | 0 |
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) |
| = | ((13095 + 7112) / 44240) | / | ((12450 + 8284) / 43250) |
| = | 0.456759 | / | 0.479399 |
| | = | 0.9528 |
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 |
| = | (1375 - 2075 | - | 1269) | / | 44240 |
| | = | -0.044507 |
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.
Brookfield Renewable has a M-score of -2.45 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BEPC has been successfully added to your