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Flexsteel Industries earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score68 / 100 · grade B · rank 443 of 1027
Flexsteel Industries (FLXS) scores 68 of 100 for earnings quality, grade B: rank 443 of 1027 companies and 69 of 141 in consumer-disc. It loses the most points on Montier C-score 3 of 5 checks failed, accruals of -6.9% of assets, lower than 71% of companies (profit backed by cash), adjusted earnings 17% above GAAP. It earns full or near-full marks for Piotroski F-score 8 of 9, Beneish M-score -2.85: clean (below −2.22).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -6.9% of assets, lower than 71% of companies (profit backed by cash) | 14 | 20 |
| Beneish M-score | Beneish M-score -2.85: clean (below −2.22) | 15 | 15 |
| Dechow F-score | Dechow F-score 1.34 (above normal) | 11 | 15 |
| Montier C-score | Montier C-score 3 of 5 checks failed | 6 | 15 |
| Discretionary accruals | discretionary accruals of -2.2% of assets (modified Jones), smaller than most | 6 | 10 |
| Piotroski F-score | Piotroski F-score 8 of 9 | 9 | 10 |
| Non-GAAP gap | adjusted earnings 17% above GAAP | 4 | 10 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.39) | 2 | 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 → Flexsteel Industries: 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.