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C. H. Robinson Worldwide earnings quality score

How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show

Score56 / 100 · grade C · rank 785 of 1027

C. H. Robinson Worldwide (CHRW) scores 56 of 100 for earnings quality, grade C: rank 785 of 1027 companies and 201 of 287 in industrials. It loses the most points on Dechow F-score 1.76 (above normal), discretionary accruals of -5.2% of assets (modified Jones), larger than most, accruals of -6.3% of assets, lower than 67% of companies (profit backed by cash).

What earned and lost points

ComponentWhat the filings showPointsOf
Accrualsaccruals of -6.3% of assets, lower than 67% of companies (profit backed by cash)1827
Dechow F-scoreDechow F-score 1.76 (above normal)1020
Montier C-scoreMontier C-score 2 of 5 checks failed1220
Discretionary accrualsdiscretionary accruals of -5.2% of assets (modified Jones), larger than most413
Non-GAAP gapadjusted earnings 8% below GAAP1013
Earnings smoothnessprofit steadier than cash flow (smoothness 0.40)37
CHRW: share of the available points, by componentCHRW: share of the available points, by componentAccruals67%Discretionary accruals32%Dechow F-score48%Montier C-score60%Non-GAAP gap73%Earnings smoothness40%

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 → C. H. Robinson Worldwide: 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.