Simulations Plus, Inc. — Earnings Quality Grade C
SLP · Healthcare
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 45 days, change -3 days YoY
AR growth 6.4% vs revenue growth 13.1%
Revenue 13.1%, CFFO 36.1%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -13.4% vs revenue 13.1%. Normal
SG&A/Gross Profit = 71.1%, exceeds 70%
Gross margin 58.4%, change -3.3pp. Stable
Cash Flow Quality
CFFO/NI = -0.28. Below 1.0
FCF $0.0B, FCF/NI = -0.22
Accruals ratio = -62.8%. Low accruals
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 58% of equity. Over 50%
Debt/EBITDA = 0.0x. Healthy
Other assets grew 158.1% vs revenue 13.1%
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -53% YoY. Normal
Manipulation Score
M-Score = -5.37 (< -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