Chico's FAS Beneish M-Score Historical Data
The historical data trend for Chico's FAS'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.
Chico's FAS Beneish M-Score Chart
|
Chico's FAS Annual Data
|
|
Trend |
Jan14 |
Jan15 |
Jan16 |
Jan17 |
Jan18 |
Jan19 |
Jan20 |
Jan21 |
Jan22 |
Jan23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.54 |
-2.98 |
1.02 |
-3.19 |
-2.51 |
|
Chico's FAS Quarterly Data
|
|
Jan19 |
Apr19 |
Jul19 |
Oct19 |
Jan20 |
Apr20 |
Jul20 |
Oct20 |
Jan21 |
Apr21 |
Jul21 |
Oct21 |
Jan22 |
Apr22 |
Jul22 |
Oct22 |
Jan23 |
Apr23 |
Jul23 |
Oct23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.15 |
-2.51 |
-2.84 |
-2.39 |
-2.58 |
Competitive Comparison of Chico's FAS's Beneish M-Score
For the Apparel Retail subindustry, Chico's FAS'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.
Chico's FAS's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chico's FAS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chico's FAS's Beneish M-Score falls into.
Chico's FAS 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 Chico's FAS 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 * 0.5965 | + | 0.528 * 1.0043 | + | 0.404 * 1.5355 | + | 0.892 * 0.9975 | + | 0.115 * 1.1585 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0345 | + | 4.679 * 0.004392 | - | 0.327 * 0.9243 |
| = | -2.58 |
* 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 (Oct23) TTM: | Last Year (Oct22) TTM: |
Total Receivables was $9 Mil.
Revenue was 505.126 + 545.126 + 534.743 + 524.053 = $2,109 Mil.
Gross Profit was 196.449 + 216.9 + 225.009 + 182.924 = $821 Mil.
Total Current Assets was $530 Mil.
Total Assets was $1,265 Mil.
Property, Plant and Equipment(Net PPE) was $668 Mil.
Depreciation, Depletion and Amortization(DDA) was $42 Mil.
Selling, General, & Admin. Expense(SGA) was $697 Mil.
Total Current Liabilities was $442 Mil.
Long-Term Debt & Capital Lease Obligation was $398 Mil.
Net Income was 5.04 + 59.324 + 39.906 + 7.487 = $112 Mil.
Non Operating Income was -7.277 + 0 + 0 + 0 = $-7 Mil.
Cash Flow from Operations was -7.111 + 30.988 + 11.641 + 77.961 = $113 Mil.
|
Total Receivables was $15 Mil.
Revenue was 518.332 + 558.72 + 540.915 + 496.263 = $2,114 Mil.
Gross Profit was 207.44 + 231.514 + 216.565 + 171.307 = $827 Mil.
Total Current Assets was $508 Mil.
Total Assets was $1,163 Mil.
Property, Plant and Equipment(Net PPE) was $615 Mil.
Depreciation, Depletion and Amortization(DDA) was $45 Mil.
Selling, General, & Admin. Expense(SGA) was $675 Mil.
Total Current Liabilities was $420 Mil.
Long-Term Debt & Capital Lease Obligation was $416 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) |
| = | (9.181 / 2109.048) | / | (15.43 / 2114.23) |
| = | 0.004353 | / | 0.007298 |
| | = | 0.5965 |
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) |
| = | (826.826 / 2114.23) | / | (821.282 / 2109.048) |
| = | 0.391077 | / | 0.389409 |
| | = | 1.0043 |
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 - (529.634 + 667.868) / 1264.715) | / | (1 - (507.508 + 615.171) / 1162.929) |
| = | 0.053145 | / | 0.034611 |
| | = | 1.5355 |
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 |
| = | 2109.048 | / | 2114.23 |
| | = | 0.9975 |
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)) |
| = | (45.057 / (45.057 + 615.171)) | / | (41.805 / (41.805 + 667.868)) |
| = | 0.068245 | / | 0.058907 |
| | = | 1.1585 |
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) |
| = | (696.674 / 2109.048) | / | (675.077 / 2114.23) |
| = | 0.330326 | / | 0.319302 |
| | = | 1.0345 |
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) |
| = | ((397.823 + 442.341) / 1264.715) | / | ((415.56 + 420.22) / 1162.929) |
| = | 0.664311 | / | 0.718685 |
| | = | 0.9243 |
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 |
| = | (111.757 - -7.277 | - | 113.479) | / | 1264.715 |
| | = | 0.004392 |
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.
Chico's FAS has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CHS has been successfully added to your