Dorman Products, Inc. — Earnings Quality Grade F
DORM · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 82 days, change -22 days YoY
AR growth -16.5% vs revenue growth 6.0%
Revenue 6.0%, CFFO -50.8%. Cash follows revenue
Expense Quality
Inventory growth 35.5% far exceeds COGS 2.5%, margin rising. Fraud signal
CapEx growth -3.7% vs revenue 6.0%. Normal
SG&A/Gross Profit = 60.3%. Normal
Gross margin 42.1%, change +2.0pp. Stable
Cash Flow Quality
CFFO/NI = 0.56. Below 1.0
FCF $0.1B, FCF/NI = 0.37
Accruals ratio = 3.6%. Low accruals
Cash $0.0B covers only 9% of debt $0.5B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 44% of equity
Debt/EBITDA = 1.5x. Healthy
Other assets 1.5% vs revenue 6.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -11% YoY. Normal
Manipulation Score
M-Score = -2.48 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25