LIVE has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
LIVE has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination for M-Score is as such:
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.
Good Sign:
Beneish M-Score -2.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Live Ventures's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Live Ventures was 2.53. The lowest was -3.41. And the median was -2.23.
The historical data trend for Live Ventures'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.
Live Ventures Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Beneish M-Score | Get a 7-Day Free Trial | -3.35 | -2.41 | -2.30 | -1.95 | -2.32 |
Live Ventures Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Beneish M-Score | Get a 7-Day Free Trial | -2.16 | -2.00 | -2.10 | -2.32 | -2.13 |
For the Home Improvement Retail subindustry, Live Ventures'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Live Ventures's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Live Ventures's Beneish M-Score falls into.
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 Live Ventures 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 * 1.2056 | + | 0.528 * 1.02 | + | 0.404 * 1.4999 | + | 0.892 * 1.4383 | + | 0.115 * 0.7188 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.196 | + | 4.679 * -0.065909 | - | 0.327 * 1.199 | |||||||
= | -2.13 |
* 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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was $42.4 Mil. Revenue was 117.593 + 103.547 + 91.516 + 91.122 = $403.8 Mil. Gross Profit was 36.327 + 29.845 + 32.169 + 31.608 = $129.9 Mil. Total Current Assets was $185.1 Mil. Total Assets was $436.6 Mil. Property, Plant and Equipment(Net PPE) was $145.5 Mil. Depreciation, Depletion and Amortization(DDA) was $21.3 Mil. Selling, General, & Admin. Expense(SGA) was $115.5 Mil. Total Current Liabilities was $103.3 Mil. Long-Term Debt & Capital Lease Obligation was $216.2 Mil. Net Income was -0.682 + -4.564 + 1.06 + 1.558 = $-2.6 Mil. Non Operating Income was -0.284 + -0.85 + -0.719 + 0.391 = $-1.5 Mil. Cash Flow from Operations was 7.872 + -0.011 + 11.828 + 7.924 = $27.6 Mil. |
Total Receivables was $24.4 Mil. Revenue was 68.986 + 73.78 + 68.269 + 69.706 = $280.7 Mil. Gross Profit was 21.944 + 22.909 + 22.349 + 24.953 = $92.2 Mil. Total Current Assets was $137.1 Mil. Total Assets was $279.1 Mil. Property, Plant and Equipment(Net PPE) was $96.9 Mil. Depreciation, Depletion and Amortization(DDA) was $9.8 Mil. Selling, General, & Admin. Expense(SGA) was $67.2 Mil. Total Current Liabilities was $59.0 Mil. Long-Term Debt & Capital Lease Obligation was $111.4 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) |
= | (42.35 / 403.778) | / | (24.424 / 280.741) | |
= | 0.104884 | / | 0.086998 | |
= | 1.2056 |
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) | |
= | (92.155 / 280.741) | / | (129.949 / 403.778) | |
= | 0.328256 | / | 0.321833 | |
= | 1.02 |
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 - (185.125 + 145.482) / 436.649) | / | (1 - (137.05 + 96.862) / 279.104) | |
= | 0.242854 | / | 0.161918 | |
= | 1.4999 |
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 | |
= | 403.778 | / | 280.741 | |
= | 1.4383 |
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)) |
= | (9.794 / (9.794 + 96.862)) | / | (21.307 / (21.307 + 145.482)) | |
= | 0.091828 | / | 0.127748 | |
= | 0.7188 |
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) |
= | (115.526 / 403.778) | / | (67.158 / 280.741) | |
= | 0.286113 | / | 0.239217 | |
= | 1.196 |
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) |
= | ((216.22 + 103.343) / 436.649) | / | ((111.41 + 58.956) / 279.104) | |
= | 0.731853 | / | 0.610403 | |
= | 1.199 |
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 | |
= | (-2.628 - -1.462 | - | 27.613) | / | 436.649 | |
= | -0.065909 |
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.
Live Ventures has a M-score of -2.13 suggests that the company is unlikely to be a manipulator.
Thank you for viewing the detailed overview of Live Ventures's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
John Isaac | director, 10 percent owner | 501 W. BROADWAY, SUITE A212, SAN DIEGO CA 92101 |
Dennis Gao | director | 325 E. WARM SPRINGS ROAD, SUITE 102, LAS VEGAS NV 89119 |
David Lee Verret | officer: Chief Accounting Officer | 5900 COPPER CANYON DR., THE COLONY TX 75056 |
Michael Jason Stein | officer: Sr. VP, General Counsel | 325 E WARM SPRINGS ROAD, LAS VEGAS NV 89119 |
Rodney Dale Spriggs | officer: CEO, Vintage Stock, Inc. | 3703 RED FOX RUN, JOPLIN MO 64804 |
Eric Adam Althofer | officer: COO | 7707 DEERFIELD MANOR DR, CHARLOTTE NC 28270 |
Thomas Robert Sedlak | officer: CEO Precision Industries, Inc. | 87 PORTER HILL ROAD, WASHINGTON PA 15301 |
Godfrey Weston A Jr | officer: CEO, Marquis Industries, Inc. | PO BOX 1308, CHATSWORTH GA 30705 |
Virland A Johnson | officer: Chief Financial Officer | 20488 N 86 LANE, PEORIA AZ 85382 |
Richard Butler | director | 4840 EAST JASMINE ST., SUITE 105, MESA AZ 85205 |
Tyler Sickmeyer | director | 1440 HOTEL CIRCLE NORTH, #423, SAN DIEGO CA 92108 |
Isaac Capital Group, Llc | 10 percent owner | 501 W. BROADWAY, #A212, SAN DIEGO CA 92101 |
Clarke Thomas J Jr | director | 11534 VILLA VASARI, PALM BEACH GARDENS FL 33418 |
Antonios Isaac | director | 3525 DEL MAR HEIGHTS RD., #765, SAN DIEGO CA 92130 |
John Kocmur | director, 10 percent owner | 2490 EAST SUNSET ROAD, SUITE 100, LAS VEGAS NV 89120 |
From GuruFocus
By sperokesalga sperokesalga • 06-07-2023
By Marketwired Marketwired • 10-18-2021
By Stock market mentor Stock market mentor • 01-31-2023
By Marketwired • 08-03-2023
By Marketwired Marketwired • 10-11-2021
By sperokesalga sperokesalga • 05-04-2023
By Marketwired • 09-21-2023
By PurpleRose PurpleRose • 07-28-2022
By GuruFocusNews GuruFocusNews • 05-04-2022
By Business Wire Business Wire • 10-08-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.