Video Display Beneish M-Score Historical Data
The historical data trend for Video Display'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.
Video Display Beneish M-Score Chart
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Video Display Annual Data
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Feb23 |
| Beneish M-Score |
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-2.59 |
-3.55 |
-1.27 |
-8.64 |
-5.76 |
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Video Display Quarterly Data
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| Beneish M-Score |
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-5.13 |
-5.76 |
-6.36 |
-4.76 |
-4.90 |
Competitive Comparison of Video Display's Beneish M-Score
For the Computer Hardware subindustry, Video Display'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.
Video Display's Beneish M-Score Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Video Display's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Video Display's Beneish M-Score falls into.
Video Display 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 Video Display 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 * 0.3424 | + | 0.528 * 0.9329 | + | 0.404 * 0 | + | 0.892 * 1.0533 | + | 0.115 * 0.9226 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9318 | + | 4.679 * -0.282897 | - | 0.327 * 1.2977 |
| = | -4.90 |
* 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.
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) |
| = | (0.678 / 8.551) | / | (1.88 / 8.118) |
| = | 0.079289 | / | 0.231584 |
| | = | 0.3424 |
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) |
| = | (1.332 / 8.118) | / | (1.504 / 8.551) |
| = | 0.16408 | / | 0.175886 |
| | = | 0.9329 |
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 - (4.442 + 0.832) / 5.274) | / | (1 - (5.318 + 1.362) / 6.703) |
| = | 0 | / | 0.003431 |
| | = | 0 |
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 |
| = | 8.551 | / | 8.118 |
| | = | 1.0533 |
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)) |
| = | (0.369 / (0.369 + 1.362)) | / | (0.25 / (0.25 + 0.832)) |
| = | 0.213172 | / | 0.231054 |
| | = | 0.9226 |
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) |
| = | (3.927 / 8.551) | / | (4.001 / 8.118) |
| = | 0.459245 | / | 0.492855 |
| | = | 0.9318 |
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) |
| = | ((0.04 + 6.017) / 5.274) | / | ((0.211 + 5.721) / 6.703) |
| = | 1.148464 | / | 0.884977 |
| | = | 1.2977 |
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 |
| = | (-1.554 - 0.844 | - | -0.906) | / | 5.274 |
| | = | -0.282897 |
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.
Video Display has a M-score of -4.90 suggests that the company is unlikely to be a manipulator.
Video Display (Video Display) Business Description
Traded in Other Exchanges
N/A
Address
5155 King Street, Cocoa, FL, USA, 32926
Video Display Corp is a provider and manufacturer of video products, components, and systems for the visual display and presentation of electronic information media in a range of requirements and environments. It designs, engineers, manufactures, markets, distributes, and installs display products and systems, from basic components to systems, for Government, military, aerospace, medical, industrial, and commercial organizations. The company operates in one segment which is simulation, training, and display products. Its products lines include Dome Aircraft Simulator Display Systems, Multi-Faceted Aircraft Simulator Display Systems, Video Walls for Broadcast and Control Centers, Rugged Flat Panel Displays and Computers, Projector and Monitor Upgrades, and Projection Screens.
Executives
| Ronald D Ordway |
director, 10 percent owner, officer: CEO |
1868 TUCKER INDL RD, TUCKER GA 30084 |
| Jonathan R Ordway |
10 percent owner |
|
| David Saunders Cooper |
director |
2476 OLDFIELD ROAD NW, ATLANTA GA 30327 |
| Lusby Roger Winfield Iii |
director |
5604 BAHIA MAR CIRCLE, STONE MOUNTAIN GA 30087 |
| Gregory Lee Osborn |
director, officer: Chief Financial Officer |
1374 CARRINGTON WAY, LAWRENCEVILLE GA 30044 |
| David Allen Heiden |
officer: President & COO |
6078 WINDSONG WAY, STONE MOUNTAIN GA 30087 |
| Ervin Kuczogi |
director |
P O BOX 353, WHITE MILLS PA 18473 |
| Michael Delen Boyd |
officer: CFO |
1451 BEVERLY DRIVE, ATHENS GA 30606 |
| Thibeault Ernest Joseph Iii |
director |
603 OLD MAMMOTH ROAD, LONDONDERRY NH 03053 |
| Carolyn C Howard |
director |
279 MOUNTAIN ROAD, JAFFREY NH 03452 |
| Carleton E Sawyer |
director |
C/O VIDEO DISPLAY CORP, 13 PINE RIDGE RD, LOUDON NH 03307-0830 |
| Murray G Fox |
director, officer: CEO - Fox International, Ltd |
|
| Carol D Franklin |
officer: CFO |
|
| Peter Frend |
director |
1107 LIBERTY SQUARE RD, BOXBOROUGH MA 01719 |
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