Savers Value Village Beneish M-Score Historical Data
The historical data trend for Savers Value Village'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.
Savers Value Village Beneish M-Score Chart
|
Savers Value Village Annual Data
|
|
Trend |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
- |
- |
- |
-1.64 |
-2.98 |
|
Savers Value Village Quarterly Data
|
|
Mar19 |
Dec19 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
-1.64 |
-2.41 |
-2.90 |
-3.06 |
-2.98 |
Competitive Comparison of Savers Value Village's Beneish M-Score
For the Specialty Retail subindustry, Savers Value Village'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.
Savers Value Village's Beneish M-Score Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Savers Value Village's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Savers Value Village's Beneish M-Score falls into.
Savers Value Village 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 Savers Value Village 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 * 0.7999 | + | 0.528 * 0.9925 | + | 0.404 * 0.9079 | + | 0.892 * 1.0438 | + | 0.115 * 1.0529 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.1367 | + | 4.679 * -0.067946 | - | 0.327 * 0.9406 |
| = | -2.98 |
* 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 $12 Mil.
Revenue was 382.765 + 392.698 + 379.102 + 345.684 = $1,500 Mil.
Gross Profit was 222.044 + 234.446 + 224.157 + 199.931 = $881 Mil.
Total Current Assets was $258 Mil.
Total Assets was $1,867 Mil.
Property, Plant and Equipment(Net PPE) was $729 Mil.
Depreciation, Depletion and Amortization(DDA) was $61 Mil.
Selling, General, & Admin. Expense(SGA) was $643 Mil.
Total Current Liabilities was $241 Mil.
Long-Term Debt & Capital Lease Obligation was $1,204 Mil.
Net Income was 43.872 + -15.612 + 35.05 + -10.195 = $53 Mil.
Non Operating Income was 7.614 + -7.894 + 7.65 + -2.538 = $5 Mil.
Cash Flow from Operations was 70.763 + 50.612 + 68.624 + -14.834 = $175 Mil.
|
Total Receivables was $14 Mil.
Revenue was 366.802 + 378.292 + 364.668 + 327.467 = $1,437 Mil.
Gross Profit was 210.248 + 225.669 + 217.874 + 183.512 = $837 Mil.
Total Current Assets was $192 Mil.
Total Assets was $1,708 Mil.
Property, Plant and Equipment(Net PPE) was $628 Mil.
Depreciation, Depletion and Amortization(DDA) was $56 Mil.
Selling, General, & Admin. Expense(SGA) was $542 Mil.
Total Current Liabilities was $273 Mil.
Long-Term Debt & Capital Lease Obligation was $1,133 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) |
| = | (11.767 / 1500.249) | / | (14.092 / 1437.229) |
| = | 0.007843 | / | 0.009805 |
| | = | 0.7999 |
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) |
| = | (837.303 / 1437.229) | / | (880.578 / 1500.249) |
| = | 0.582581 | / | 0.586955 |
| | = | 0.9925 |
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 - (257.924 + 728.78) / 1867.405) | / | (1 - (192.318 + 628.361) / 1707.815) |
| = | 0.471618 | / | 0.519457 |
| | = | 0.9079 |
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 |
| = | 1500.249 | / | 1437.229 |
| | = | 1.0438 |
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)) |
| = | (55.753 / (55.753 + 628.361)) | / | (61.144 / (61.144 + 728.78)) |
| = | 0.081497 | / | 0.077405 |
| | = | 1.0529 |
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) |
| = | (642.999 / 1500.249) | / | (541.909 / 1437.229) |
| = | 0.428595 | / | 0.377051 |
| | = | 1.1367 |
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) |
| = | ((1204 + 241.452) / 1867.405) | / | ((1132.541 + 272.882) / 1707.815) |
| = | 0.774043 | / | 0.822936 |
| | = | 0.9406 |
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 |
| = | (53.115 - 4.832 | - | 175.165) | / | 1867.405 |
| | = | -0.067946 |
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.
Savers Value Village has a M-score of -2.98 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SVV has been successfully added to your