Filing Flows › Companies › Alphatec Holdings › Earnings quality
Alphatec Holdings earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score75 / 100 · grade B · rank 178 of 1027
Alphatec Holdings (ATEC) scores 75 of 100 for earnings quality, grade B: rank 178 of 1027 companies and 18 of 126 in health. It loses the most points on adjusted earnings 363% below GAAP, discretionary accruals of -14.4% of assets (modified Jones), larger than most, Piotroski F-score 6 of 9. It earns full or near-full marks for accruals of -24.1% of assets, lower than 98% of companies (profit backed by cash), Beneish M-score -3.44: clean (below −2.22), Dechow F-score 0.37 (normal).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -24.1% of assets, lower than 98% of companies (profit backed by cash) | 20 | 20 |
| Beneish M-score | Beneish M-score -3.44: clean (below −2.22) | 15 | 15 |
| Dechow F-score | Dechow F-score 0.37 (normal) | 15 | 15 |
| Montier C-score | Montier C-score 0 of 6 checks failed | 15 | 15 |
| Discretionary accruals | discretionary accruals of -14.4% of assets (modified Jones), larger than most | 0 | 10 |
| Piotroski F-score | Piotroski F-score 6 of 9 | 7 | 10 |
| Non-GAAP gap | adjusted earnings 363% below GAAP | 0 | 10 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.50) | 3 | 5 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Alphatec Holdings: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.