Richardson Electronics, Ltd. — Earnings Quality Grade B
RELL · Technology
Generally healthy
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 42 days, change -4 days YoY
AR growth -2.9% vs revenue growth 6.3%
Revenue 6.3%, CFFO 61.7%. Cash follows revenue
Expense Quality
Inventory -6.7% vs COGS 5.6%. Normal
CapEx growth -30.4% vs revenue 6.3%. Normal
SG&A/Gross Profit = 95.9%, exceeds 70%
Gross margin 31.0%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = -9.23. Below 1.0
FCF $0.0B, FCF/NI = -6.77
Accruals ratio = -6.0%. Low accruals
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 0% of equity. Manageable
Debt/EBITDA = 0.3x. Healthy
Other assets 9.1% vs revenue 6.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -79% YoY. Normal
Manipulation Score
M-Score = -2.74 (< -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
