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CIK 1463258

Renewable Energy Group, Inc.
CIK 0001463258 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
77.8
composite ยท 4 signals ยท TRIGGERED

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-05 ยท FY 2021-12-31 ยท TRIGGERED100.0

Tax arbitrage

ETR -7.3% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2021-12-31": -0.0726,
    "2020-12-31": 0.0461,
    "2019-12-31": -0.0015
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2021-12-31": 0.2826,
    "2020-12-31": 0.1639,
    "2019-12-31": 0.2115
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1463258/000162828022004504/0001628280-22-004504-index.htm",
    "form": "10-K",
    "filed": "2022-03-01"
  }
}
P-01 ยท FY 2021-12-31 ยท ELEVATED43.4

Earnings quality

Beneish M-Score -1.98 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.982,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.726,
    "GMI": 1.101,
    "AQI": 1.051,
    "SGI": 1.518,
    "DEPI": 0.894,
    "SGAI": 0.776,
    "LVGI": 1.713,
    "TATA": 0.09
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": null,
  "inputs": {
    "revenue_t": 3244050000,
    "revenue_t1": 2137148000,
    "total_assets_t": 2558944000,
    "net_income_t": null,
    "cfo_t": -16241000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1463258/000162828022004504/0001628280-22-004504-index.htm",
    "form": "10-K",
    "filed": "2022-03-01"
  }
}
P-12 ยท FY 2021-12-31 ยท ELEVATED35.1

Restatement predictor

F-Score 1.05 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.054,
  "probability": 0.0039,
  "components": {
    "rsst": null,
    "drec": 0.0073,
    "dinv": 0.1215,
    "soft": 0.5408,
    "dcs": 0.5111,
    "droa": null,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1463258/000162828022004504/0001628280-22-004504-index.htm",
    "form": "10-K",
    "filed": "2022-03-01"
  }
}
P-13 ยท FY 2021-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 10.18x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2022-03-01) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2021-12-31": 10.182,
    "2020-12-31": 16.035,
    "2019-12-31": 28.974,
    "2018-12-31": 16.381
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 7.385,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 223485000,
    "interest_expense_t": 21949000
  },
  "stale": false,
  "latest_filing_period": "2021-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1463258/000162828022004504/0001628280-22-004504-index.htm",
    "form": "10-K",
    "filed": "2022-03-01"
  }
}