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Trinet Group Stock Beneish M Score

TNET Stock  USD 70.20  0.03  0.04%   
This module uses fundamental data of TriNet to approximate the value of its Beneish M Score. TriNet M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out TriNet Piotroski F Score and TriNet Altman Z Score analysis.
  
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At this time, TriNet's Short Term Debt is comparatively stable compared to the past year. Debt To Equity is likely to gain to 15.55 in 2025, whereas Long Term Debt is likely to drop slightly above 582.6 M in 2025. At this time, TriNet's ROE is comparatively stable compared to the past year. PE Ratio is likely to gain to 43.59 in 2025, whereas Book Value Per Share is likely to drop 1.31 in 2025.
At this time, it appears that TriNet Group is an unlikely manipulator. The earnings manipulation may begin if TriNet's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by TriNet executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of TriNet's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.38
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.36

Focus
Asset Quality

1.19

Focus
Expense Coverage

0.83

Focus
Gross Margin Strengs

0.8

Focus
Accruals Factor

0.83

Focus
Depreciation Resistance

1.03

Focus
Net Sales Growth

0.71

Focus
Financial Leverage Condition

0.86

Focus

TriNet Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if TriNet's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables365.3 M381 M
Sufficiently Down
Slightly volatile
Total Revenue3.6 B5.1 B
Way Down
Slightly volatile
Total Assets2.9 B4.1 B
Way Down
Slightly volatile
Total Current Assets2.1 B3.2 B
Way Down
Slightly volatile
Non Current Assets Total822.9 M939 M
Fairly Down
Slightly volatile
Property Plant Equipment26.2 M27.6 M
Notably Down
Pretty Stable
Depreciation And Amortization63.5 M75 M
Fairly Down
Slightly volatile
Selling General Administrative136.9 M232 M
Way Down
Slightly volatile
Total Current Liabilities1.8 BB
Way Down
Slightly volatile
Non Current Liabilities Total788.6 M1.1 B
Way Down
Slightly volatile
Short Term Debt92.4 M88 M
Sufficiently Up
Slightly volatile
Long Term Debt582.6 M908 M
Way Down
Slightly volatile
Operating Income255.6 M288 M
Fairly Down
Slightly volatile
Gross Profit Margin0.150.1884
Significantly Down
Slightly volatile

TriNet Group Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between TriNet's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards TriNet in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find TriNet's degree of accounting gimmicks and manipulations.

About TriNet Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation And Amortization

63.48 Million

At this time, TriNet's Depreciation And Amortization is comparatively stable compared to the past year.

TriNet Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as TriNet. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
202020212022202320242025 (projected)
Net Receivables264M339M394M465M381M365.3M
Total Revenue4.0B4.5B4.9B4.9B5.1B3.6B
Total Assets3.0B3.3B3.4B3.7B4.1B2.9B
Total Current Assets2.2B2.4B2.3B2.6B3.2B2.1B
Net Debt129M(65M)198M850M662M361.4M
Long Term Debt348M495M496M984M908M582.6M
Operating Income368M455M499M469M288M255.6M
Investments(103M)(95M)59M(78M)153M160.7M

TriNet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TriNet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TriNet's managers, analysts, and investors.
Environmental
Governance
Social

About TriNet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze TriNet Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TriNet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TriNet Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for TriNet Stock Analysis

When running TriNet's price analysis, check to measure TriNet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TriNet is operating at the current time. Most of TriNet's value examination focuses on studying past and present price action to predict the probability of TriNet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TriNet's price. Additionally, you may evaluate how the addition of TriNet to your portfolios can decrease your overall portfolio volatility.