O-I Glass Beneish M-Score Historical Data
The historical data trend for O-I Glass'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.
O-I Glass Beneish M-Score Chart
|
O-I Glass Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.59 |
-2.74 |
-2.43 |
-2.96 |
-2.72 |
|
O-I Glass Quarterly Data
|
|
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.98 |
-3.00 |
-2.59 |
-2.72 |
-2.71 |
Competitive Comparison of O-I Glass's Beneish M-Score
For the Packaging & Containers subindustry, O-I Glass'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.
O-I Glass's Beneish M-Score Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, O-I Glass's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where O-I Glass's Beneish M-Score falls into.
O-I Glass 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 O-I Glass 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 * 0.9991 | + | 0.528 * 1.2512 | + | 0.404 * 0.9967 | + | 0.892 * 0.9471 | + | 0.115 * 0.9771 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.8585 | + | 4.679 * -0.067133 | - | 0.327 * 1.0773 |
| = | -2.71 |
* 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 (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was $758 Mil.
Revenue was 1567 + 1529 + 1679 + 1729 = $6,504 Mil.
Gross Profit was 280 + 208 + 215 + 303 = $1,006 Mil.
Total Current Assets was $2,391 Mil.
Total Assets was $8,729 Mil.
Property, Plant and Equipment(Net PPE) was $3,381 Mil.
Depreciation, Depletion and Amortization(DDA) was $479 Mil.
Selling, General, & Admin. Expense(SGA) was $435 Mil.
Total Current Liabilities was $1,931 Mil.
Long-Term Debt & Capital Lease Obligation was $4,786 Mil.
Net Income was -16 + -154 + -80 + 57 = $-193 Mil.
Non Operating Income was -53 + -112 + -55 + 25 = $-195 Mil.
Cash Flow from Operations was -171 + 318 + 191 + 250 = $588 Mil.
|
Total Receivables was $801 Mil.
Revenue was 1593 + 1641 + 1743 + 1890 = $6,867 Mil.
Gross Profit was 318 + 231 + 364 + 416 = $1,329 Mil.
Total Current Assets was $2,660 Mil.
Total Assets was $9,409 Mil.
Property, Plant and Equipment(Net PPE) was $3,551 Mil.
Depreciation, Depletion and Amortization(DDA) was $490 Mil.
Selling, General, & Admin. Expense(SGA) was $535 Mil.
Total Current Liabilities was $2,602 Mil.
Long-Term Debt & Capital Lease Obligation was $4,119 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) |
| = | (758 / 6504) | / | (801 / 6867) |
| = | 0.116544 | / | 0.116645 |
| | = | 0.9991 |
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) |
| = | (1329 / 6867) | / | (1006 / 6504) |
| = | 0.193534 | / | 0.154674 |
| | = | 1.2512 |
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 - (2391 + 3381) / 8729) | / | (1 - (2660 + 3551) / 9409) |
| = | 0.338756 | / | 0.339887 |
| | = | 0.9967 |
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 |
| = | 6504 | / | 6867 |
| | = | 0.9471 |
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)) |
| = | (490 / (490 + 3551)) | / | (479 / (479 + 3381)) |
| = | 0.121257 | / | 0.124093 |
| | = | 0.9771 |
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) |
| = | (435 / 6504) | / | (535 / 6867) |
| = | 0.066882 | / | 0.077909 |
| | = | 0.8585 |
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) |
| = | ((4786 + 1931) / 8729) | / | ((4119 + 2602) / 9409) |
| = | 0.769504 | / | 0.714316 |
| | = | 1.0773 |
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 |
| = | (-193 - -195 | - | 588) | / | 8729 |
| | = | -0.067133 |
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.
O-I Glass has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OI has been successfully added to your