Elme Communities Beneish M-Score Historical Data
The historical data trend for Elme Communities'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.
Elme Communities Beneish M-Score Chart
|
Elme Communities Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-1.85 |
-3.42 |
-2.05 |
-2.56 |
-2.68 |
|
Elme Communities 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
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.66 |
-2.69 |
-2.77 |
-2.68 |
-2.93 |
Competitive Comparison of Elme Communities's Beneish M-Score
For the REIT - Residential subindustry, Elme Communities'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.
Elme Communities's Beneish M-Score Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Elme Communities's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Elme Communities's Beneish M-Score falls into.
Elme Communities 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 Elme Communities 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 * 0.7514 | + | 0.528 * 1.009 | + | 0.404 * 1.0163 | + | 0.892 * 1.0655 | + | 0.115 * 1 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8413 | + | 4.679 * -0.052894 | - | 0.327 * 1.2031 |
| = | -2.93 |
* 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 $12.9 Mil.
Revenue was 59.513 + 58.852 + 56.651 + 56.599 = $231.6 Mil.
Gross Profit was 35.576 + 36.372 + 34.919 + 34.163 = $141.0 Mil.
Total Current Assets was $19.8 Mil.
Total Assets was $1,876.5 Mil.
Property, Plant and Equipment(Net PPE) was $0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $92.4 Mil.
Selling, General, & Admin. Expense(SGA) was $25.2 Mil.
Total Current Liabilities was $211.4 Mil.
Long-Term Debt & Capital Lease Obligation was $522.5 Mil.
Net Income was -3.647 + -3.105 + -43.618 + -2.611 = $-53.0 Mil.
Non Operating Income was 1.41 + 0 + -42.845 + -1.885 = $-43.3 Mil.
Cash Flow from Operations was 21.216 + 22.853 + 15.566 + 29.961 = $89.6 Mil.
|
Total Receivables was $16.1 Mil.
Revenue was 55.809 + 55.593 + 54.603 + 51.38 = $217.4 Mil.
Gross Profit was 34.519 + 34.915 + 33.126 + 31 = $133.6 Mil.
Total Current Assets was $49.0 Mil.
Total Assets was $1,855.0 Mil.
Property, Plant and Equipment(Net PPE) was $0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $91.1 Mil.
Selling, General, & Admin. Expense(SGA) was $28.2 Mil.
Total Current Liabilities was $81.3 Mil.
Long-Term Debt & Capital Lease Obligation was $521.8 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) |
| = | (12.886 / 231.615) | / | (16.095 / 217.385) |
| = | 0.055635 | / | 0.074039 |
| | = | 0.7514 |
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) |
| = | (133.56 / 217.385) | / | (141.03 / 231.615) |
| = | 0.614394 | / | 0.608898 |
| | = | 1.009 |
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 - (19.789 + 0) / 1876.539) | / | (1 - (49.024 + 0) / 1854.999) |
| = | 0.989455 | / | 0.973572 |
| | = | 1.0163 |
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 |
| = | 231.615 | / | 217.385 |
| | = | 1.0655 |
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)) |
| = | (91.058 / (91.058 + 0)) | / | (92.357 / (92.357 + 0)) |
| = | 1 | / | 1 |
| | = | 1 |
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) |
| = | (25.242 / 231.615) | / | (28.16 / 217.385) |
| = | 0.108983 | / | 0.12954 |
| | = | 0.8413 |
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) |
| = | ((522.539 + 211.361) / 1876.539) | / | ((521.761 + 81.252) / 1854.999) |
| = | 0.391092 | / | 0.325075 |
| | = | 1.2031 |
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 |
| = | (-52.981 - -43.32 | - | 89.596) | / | 1876.539 |
| | = | -0.052894 |
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.
Elme Communities has a M-score of -2.93 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ELME has been successfully added to your