Century Aluminum Company — Earnings Quality Grade F
CENX · Basic Materials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 16 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 13.9%, CFFO 852.0%. Cash follows revenue
Expense Quality
Inventory -3.6% vs COGS 10.9%. Normal
CapEx growth 21.7% vs revenue 13.9%. Normal
SG&A/Gross Profit = 31.2%. Normal
Gross margin 10.1%, change +2.4pp. Stable
Cash Flow Quality
CFFO/NI = 4.43. Profits backed by cash
FCF $0.1B, FCF/NI = 2.03
Accruals ratio = -6.3%. Low accruals
Cash $0.1B covers only 24% of debt $0.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 3.9x. Healthy
Other assets -20.8% vs revenue 13.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.81 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25
