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Fox earnings quality score

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

Score54 / 100 · grade C · rank 816 of 1027

Fox (FOXA) scores 54 of 100 for earnings quality, grade C: rank 816 of 1027 companies and 26 of 30 in communication. It loses the most points on accruals of -1.2% of assets, higher than 78% of companies, Montier C-score 4 of 5 checks failed, discretionary accruals of +1.2% of assets (modified Jones), smaller than most. It earns full or near-full marks for Dechow F-score 0.70 (normal), profit about as variable as cash flow (smoothness 0.70).

What earned and lost points

ComponentWhat the filings showPointsOf
Accrualsaccruals of -1.2% of assets, higher than 78% of companies731
Dechow F-scoreDechow F-score 0.70 (normal)2323
Montier C-scoreMontier C-score 4 of 5 checks failed523
Discretionary accrualsdiscretionary accruals of +1.2% of assets (modified Jones), smaller than most1215
Earnings smoothnessprofit about as variable as cash flow (smoothness 0.70)88
FOXA: share of the available points, by componentFOXA: share of the available points, by componentAccruals22%Discretionary accruals78%Dechow F-score100%Montier C-score20%Earnings smoothness100%

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 → Fox: 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.