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CIK 1003344

HEADWATERS INC
CIK 0001003344 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
84.3
composite ยท 3 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2016-09-30 ยท ELEVATED54.2

Restatement predictor

F-Score 1.63 โ€” misstatement risk 1.6x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-11-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.625,
  "probability": 0.00601,
  "components": {
    "rsst": -0.0651,
    "drec": 0.016,
    "dinv": 0.0159,
    "soft": 0.833,
    "dcs": 0.069,
    "droa": -0.0948,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1003344/000155837016010096/0001558370-16-010096-index.htm",
    "form": "10-K",
    "filed": "2016-11-15"
  }
}
P-01 ยท FY 2016-09-30 ยท CLEAN28.2

Earnings quality

Beneish M-Score -2.51 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-11-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.512,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.039,
    "GMI": 1.02,
    "AQI": 1.28,
    "SGI": 1.089,
    "DEPI": 0.97,
    "SGAI": 0.963,
    "LVGI": 1.021,
    "TATA": -0.057
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0651,
  "inputs": {
    "revenue_t": 974807000,
    "revenue_t1": 895333000,
    "total_assets_t": 1238443000,
    "net_income_t": 48096000,
    "cfo_t": 120303000
  },
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1003344/000155837016010096/0001558370-16-010096-index.htm",
    "form": "10-K",
    "filed": "2016-11-15"
  }
}
P-05 ยท FY 2016-09-30 ยท CLEAN100.0

Tax arbitrage

ETR 31.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2016-11-15) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-09-30": 0.3142,
    "2015-09-30": -2.5075,
    "2014-09-30": 0.1783
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-09-30": -0.1042,
    "2015-09-30": 2.7175,
    "2014-09-30": 0.0317
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2016-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1003344/000155837016010096/0001558370-16-010096-index.htm",
    "form": "10-K",
    "filed": "2016-11-15"
  }
}