RBC Bearings Beneish M Score

ROLL
 Stock
  

USD 251.52  7.53  2.91%   

This module uses fundamental data of RBC Bearings to approximate the value of its Beneish M Score. RBC Bearings M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Additionally, take a look at RBC Bearings Piotroski F Score and RBC Bearings Altman Z Score analysis.
  
RBC Bearings Total Debt is relatively stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 1.23 Million. Debt Current is expected to hike to about 961.6 K this year, although the value of Long Term Debt to Equity will most likely fall to 0.48. RBC Bearings Tangible Assets Book Value per Share are relatively stable at the moment as compared to the past year. The company's current value of Tangible Assets Book Value per Share is estimated at 17.51
At this time, it appears that RBC Bearings Incorp is an unlikely manipulator. The earnings manipulation may begin if RBC Bearings' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by RBC Bearings executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of RBC Bearings' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.52
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.06Focus
Asset Quality0.93Focus
Expense Coverage1.05Focus
Gross Margin Strengs1.06Focus
Accruals Factor1.05Focus
Depreciation Resistance1.06Focus
Net Sales Growth0.9Focus
Financial Leverage Condition0.91Focus

RBC Bearings Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if RBC Bearings' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Revenues851.5 M942.9 M
Moderately Down
Increasing
Slightly volatile
Selling General and Administrative Expense52.5 M55.2 M
Notably Down
Decreasing
Slightly volatile
Net Cash Flow from Operations163.5 M180.3 M
Moderately Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion12.2 M12.8 M
Sufficiently Down
Decreasing
Slightly volatile
Total Assets3.2 B4.8 B
Way Down
Increasing
Slightly volatile
Investments1.5 M1.5 M
Fairly Up
Decreasing
Slightly volatile
Investments Current1.5 M1.5 M
Fairly Up
Decreasing
Slightly volatile
Property Plant and Equipment Net85.9 M84 M
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables62.4 M65.3 M
Sufficiently Down
Decreasing
Slightly volatile
Total Liabilities1.5 B2.5 B
Way Down
Increasing
Slightly volatile
Current Assets761 M962.2 M
Significantly Down
Increasing
Slightly volatile
Assets Non Current146.9 M130.7 M
Moderately Up
Decreasing
Slightly volatile
Current Liabilities220.3 M313.5 M
Way Down
Increasing
Slightly volatile
Liabilities Non Current27.6 M26.9 M
Fairly Up
Decreasing
Slightly volatile
Total Debt1.2 M1.2 M
Fairly Up
Decreasing
Slightly volatile
Debt Current961.6 K936.9 K
Fairly Up
Decreasing
Slightly volatile
Debt Non Current86.8 M67.5 M
Significantly Up
Decreasing
Slightly volatile
Operating Income136.1 M130.4 M
Sufficiently Up
Increasing
Slightly volatile
Gross Margin40.0637.8676
Notably Up
Increasing
Slightly volatile

RBC Bearings Incorp Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between RBC Bearings' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards RBC Bearings in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find RBC Bearings' degree of accounting gimmicks and manipulations.

About RBC Bearings Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation Amortization and Accretion

12.2 Million

RBC Bearings Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. The company's current value of Depreciation Amortization and Accretion is estimated at 12.2 Million

About RBC Bearings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze RBC Bearings Incorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RBC Bearings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RBC Bearings Incorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. The company was founded in 1919 and is headquartered in Oxford, Connecticut. RBC Bearings operates under Tools Accessories classification in the United States and is traded on NASDAQ Exchange. It employs 4892 people.

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Additionally, take a look at RBC Bearings Piotroski F Score and RBC Bearings Altman Z Score analysis. Note that the RBC Bearings Incorp information on this page should be used as a complementary analysis to other RBC Bearings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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Is RBC Bearings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RBC Bearings. If investors know RBC Bearings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RBC Bearings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.15
Market Capitalization
7.5 B
Quarterly Revenue Growth YOY
1.27
Return On Assets
0.0428
Return On Equity
0.0427
The market value of RBC Bearings Incorp is measured differently than its book value, which is the value of RBC Bearings that is recorded on the company's balance sheet. Investors also form their own opinion of RBC Bearings' value that differs from its market value or its book value, called intrinsic value, which is RBC Bearings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RBC Bearings' market value can be influenced by many factors that don't directly affect RBC Bearings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RBC Bearings' value and its price as these two are different measures arrived at by different means. Investors typically determine RBC Bearings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RBC Bearings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.