Limoneira Co — Earnings Quality Grade F
LMNR · Consumer Defensive
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 35 days, change +7 days YoY
AR growth 4.7% vs revenue growth -16.6%
Revenue -16.6%, CFFO -133.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 43.8% is >2x revenue growth -16.6%
SG&A/Gross Profit = 5613.5%, exceeds 70%
Gross margin swung -10.9pp (11.2% → 0.3%)
Cash Flow Quality
CFFO/NI = 0.38. Below 1.0
FCF is negative ($-0.0B)
Accruals ratio = -3.2%. Low accruals
Cash $0.0B covers only 2% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 2% of equity. Manageable
Interest coverage = -15.5x (<2x). Financial stress
Other assets -39.5% vs revenue -16.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -39% YoY. Normal
Manipulation Score
M-Score = 18.39 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25