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Jabil earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score39 / 100 · grade D · rank 968 of 1027
Jabil (JBL) scores 39 of 100 for earnings quality, grade D: rank 968 of 1027 companies and 192 of 203 in technology. It loses the most points on Montier C-score 5 of 5 checks failed, accruals of -4.2% of assets, lower than 51% of companies (profit backed by cash), adjusted earnings 26% below GAAP. It earns full or near-full marks for Piotroski F-score 8 of 9, profit about as variable as cash flow (smoothness 2.14).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -4.2% of assets, lower than 51% of companies (profit backed by cash) | 15 | 29 |
| Montier C-score | Montier C-score 5 of 5 checks failed | 0 | 21 |
| Discretionary accruals | discretionary accruals of +7.5% of assets (modified Jones), larger than most | 3 | 14 |
| Piotroski F-score | Piotroski F-score 8 of 9 | 13 | 14 |
| Non-GAAP gap | adjusted earnings 26% below GAAP | 2 | 14 |
| Earnings smoothness | profit about as variable as cash flow (smoothness 2.14) | 7 | 7 |
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 → Jabil: 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.