ePlus inc. — Earnings Quality Grade B
PLUS · Technology
Generally healthy
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 89 days, change -15 days YoY
AR growth -20.2% vs revenue growth -7.0%
Revenue -7.0%, CFFO 21.6%. Cash follows revenue
Expense Quality
Inventory -13.8% vs COGS -10.4%. Normal
CapEx growth -22.3% vs revenue -7.0%. Normal
SG&A/Gross Profit = 70.2%, exceeds 70%
Gross margin 27.5%, change +2.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.80. Profits backed by cash
FCF $0.3B, FCF/NI = 2.74
Accruals ratio = -10.3%. Low accruals
Cash $0.4B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 29% of equity. Manageable
Debt/EBITDA = 0.7x. Healthy
Other assets -48.4% vs revenue -7.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 39% YoY
Manipulation Score
M-Score = -3.17 (< -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