Ingles Markets, Incorporated — Earnings Quality Grade C
IMKTA · Consumer Defensive
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 7 days, change +2 days YoY
AR growth 35.9% exceeds revenue growth -5.4%
Revenue -5.4%, CFFO -41.3%. Cash follows revenue
Expense Quality
Inventory 4.5% vs COGS -6.4%. Normal
CapEx growth -45.7% vs revenue -5.4%. Normal
SG&A/Gross Profit = 0.6%, excellent (<30%)
Gross margin 23.9%, change +0.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.84. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -2.7%. Low accruals
Cash $0.4B covers 67% of debt $0.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 2.2x. Healthy
Other assets 3.9% vs revenue -5.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.21 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25