American International Industries (American International Industries) Beneish M-Score : 0.00 (As of Apr. 29, 2024)

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What is American International Industries Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for American International Industries's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of American International Industries was 0.00. The lowest was 0.00. And the median was 0.00.

American International Industries Beneish M-Score Historical Data

The historical data trend for American International Industries's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American International Industries Beneish M-Score Chart

American International Industries Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Beneish M-Score

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-2.43

-2.75

-1.35

-9.23

38.09

American International Industries Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Beneish M-Score	Get a 7-Day Free Trial															-9.86	38.09	-3.30	-2.94	-1.90

Competitive Comparison of American International Industries's Beneish M-Score

For the Conglomerates subindustry, American International Industries's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

American International Industries's Beneish M-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, American International Industries's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where American International Industries's Beneish M-Score falls into.

American International Industries Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of American International Industries for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Sep15) TTM:

Last Year (Sep14) TTM:

Total Receivables was $0.06 Mil.
Revenue was 0.002 + 0.002 + 0.002 + 0.008 = $0.01 Mil.
Gross Profit was 0 + -0.001 + -0.002 + 0.009 = $0.01 Mil.
Total Current Assets was $7.07 Mil.
Total Assets was $8.05 Mil.
Property, Plant and Equipment(Net PPE) was $0.20 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $1.84 Mil.
Total Current Liabilities was $1.93 Mil.
Long-Term Debt & Capital Lease Obligation was $0.66 Mil.
Net Income was -0.269 + -0.259 + -1.143 + -2.15 = $-3.82 Mil.
Non Operating Income was -0.025 + -0.033 + -0.304 + -1.042 = $-1.40 Mil.
Cash Flow from Operations was -0.211 + -0.494 + -1.159 + -1.753 = $-3.62 Mil.

Total Receivables was $1.52 Mil.
Revenue was 0.009 + 0.002 + 0.014 + -5.18 = $-5.16 Mil.
Gross Profit was -0.014 + -0.004 + 0.003 + -1.217 = $-1.23 Mil.
Total Current Assets was $11.09 Mil.
Total Assets was $15.22 Mil.
Property, Plant and Equipment(Net PPE) was $0.48 Mil.
Depreciation, Depletion and Amortization(DDA) was $-0.06 Mil.
Selling, General, & Admin. Expense(SGA) was $0.05 Mil.
Total Current Liabilities was $4.26 Mil.
Long-Term Debt & Capital Lease Obligation was $1.13 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0.06 / 0.014)	/	(1.52 / -5.155)
	=	4.285714	/
	=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(-1.232 / -5.155)	/	(0.006 / 0.014)
	=		/	0.428571
	=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (7.071 + 0.204) / 8.05)	/	(1 - (11.085 + 0.476) / 15.218)
	=	0.096273	/	0.240308
	=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	0.014	/	-5.155
	=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(-0.061 / (-0.061 + 0.476))	/	(0.006 / (0.006 + 0.204))
	=	-0.146988	/	0.028571
	=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(1.843 / 0.014)	/	(0.051 / -5.155)
	=	131.642857	/
	=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.655 + 1.93) / 8.05)	/	((1.126 + 4.26) / 15.218)
	=	0.321118	/	0.353923
	=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-3.821 - -1.404	-	-3.617)	/	8.05
	=	0.149068

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

American International Industries Beneish M-Score Related Terms

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American International Industries (American International Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » American International Industries Inc (OTCPK:AMIN) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Cien Street, Suite 235, Kemah, TX, USA, 77565-3077

Website

http://www.americanii.com

American International Industries Inc operates as a diversified holding company. The company has interests in industrial, oil and gas, oilfield supply and service companies, and interests in an undeveloped real estate in the Galveston Bay, Texas area. American International serves both as a financial and professional business savvy partner for its subsidiaries. The company has the following reporting segments - American International Holdings Corp, American International Texas Properties Inc, Brenham Oil, and Gas.

Executives

Daniel Dror	officer: Chairman & CEO	601 HANSON RD, KEMAH TX 77565-2701
Sherry Lynne Couturier	officer: CFO	601 CIEN STREET, STE. 235, KEMAH TX 77565
Craft Thomas J Jr	director	11000 PROSPERITY FARMS ROAD, SUITE 101, PALM BEACH GARDENS FL 33401
Steven M Plumb	director	5300 NORTH BREASEWOOD, PMB #370, HOUSTON TX 77096-3317
Stump John W Iii	other: Former Director	601 CIEN RD, SUITE 235, KEMAH TX 77565-3077
Gary D Woerz	other: Former CFO	601 CIEN RD, SUITE 235, KEMAH TX 77565