Paramount Gold Nevada (Paramount Gold Nevada) Beneish M-Score : 0.00 (As of Apr. 27, 2024)

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What is Paramount Gold Nevada 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 Paramount Gold Nevada's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of Paramount Gold Nevada was 0.00. The lowest was 0.00. And the median was 0.00.

Paramount Gold Nevada Beneish M-Score Historical Data

The historical data trend for Paramount Gold Nevada'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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Paramount Gold Nevada Beneish M-Score Chart

Paramount Gold Nevada Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beneish M-Score

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Paramount Gold Nevada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Paramount Gold Nevada's Beneish M-Score

For the Gold subindustry, Paramount Gold Nevada'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.

Paramount Gold Nevada's Beneish M-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Paramount Gold Nevada's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Paramount Gold Nevada's Beneish M-Score falls into.

Paramount Gold Nevada 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 Paramount Gold Nevada 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 (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.157 + -0.157 + -0.157 + -0.157 = $-0.63 Mil.
Total Current Assets was $9.38 Mil.
Total Assets was $61.44 Mil.
Property, Plant and Equipment(Net PPE) was $51.51 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.33 Mil.
Total Current Liabilities was $4.25 Mil.
Long-Term Debt & Capital Lease Obligation was $11.37 Mil.
Net Income was -1.575 + -2.074 + -1.53 + -1.648 = $-6.83 Mil.
Non Operating Income was 1.217 + 0.086 + 0.091 + 0.047 = $1.44 Mil.
Cash Flow from Operations was -0.628 + -0.899 + -1.965 + -0.986 = $-4.48 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.157 + -0.161 + -0.163 + -0.163 = $-0.64 Mil.
Total Current Assets was $1.99 Mil.
Total Assets was $54.27 Mil.
Property, Plant and Equipment(Net PPE) was $51.78 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.54 Mil.
Total Current Liabilities was $5.84 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	(-0.644 / 0)	/	(-0.628 / 0)
	=		/
	=

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 - (9.384 + 51.512) / 61.443)	/	(1 - (1.989 + 51.778) / 54.267)
	=	0.008903	/	0.009214
	=

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	/	0
	=

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 / (0 + 51.778))	/	(0 / (0 + 51.512))
	=	0	/	0
	=

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)
	=	(2.33 / 0)	/	(2.542 / 0)
	=		/
	=

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)
	=	((11.37 + 4.251) / 61.443)	/	((0 + 5.844) / 54.267)
	=	0.254236	/	0.10769
	=

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
	=	(-6.827 - 1.441	-	-4.478)	/	61.443
	=	-0.061683

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.

Paramount Gold Nevada Beneish M-Score Related Terms

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Paramount Gold Nevada (Paramount Gold Nevada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Paramount Gold Nevada Corp (AMEX:PZG) » Definitions » Beneish M-Score

Comparable Companies

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P9G:Germany

Address

665 Anderson Street, Winnemucca, NV, USA, 89445

Website

https://www.paramountnevada.com

Paramount Gold Nevada Corp is an exploration-stage mining company. Together with its subsidiaries, it is engaged in the business of acquiring, exploring, and developing precious metal projects in the United States. Also, it explores for gold and silver. It enhances the value of projects by implementing exploration and engineering programs that are likely to expand and upgrade known mineralized material to reserves. Paramount tries to realize the value of its projects by selling its projects to producers; joint venturing its projects with other companies; or building and operating small mines on its own. Its projects include sleeper gold, grassy mountain gold, frost project; other non-material, and mineral resources.

Executives

Fcmi Parent Co.	10 percent owner	181 BAY STREET, SUITE 250, TORONTO A6 M5J 2T3
Charitable Foundation Buckingham	10 percent owner	467 LYTTON BLVD., TORONTO A6 M5N 1S5
Samantha Jane Espley	director	102 HIDDEN RIDGE COURT, SUDBURY A6 P3E 0G1
Rachel Louise Goldman	director, officer: Chief Executive Officer	4721 CIRCLE ROAD, MONTREAL A8 H3W 1Z2
Christopher J. Reynolds	director	40 UNIVERSITY AVE., SUITE 102, TORONTO A6 L6J 2K6
John Carden	director	925 NORTH HOMESTEAD DR., LIBERTY LAKE WA 99019
John W. Seaberg	director	C/O KLONDEX MINES LTD, 1055 WEST HASTINGS ST., SUITE 200, VANCOUVER A1 V6C 2E9
Van Treek Glen Alex	director, officer: President	VIRGINIA 7556 VITACURA, SANTIAGO F3 7630340
Rudi Fronk	director	33 LOMBARD STREET #4503, TORONTO A6 M5C 3H8
Carlo Buffone	officer: Chief Financial Officer	346 WAVERLEY STREET, OTTAWA A6 K2P0K6
David Stewart Smith	director	2997 ROSEBERY AVE, WEST VANCOUVER A1 V7V3A8
Pierre Clement Pelletier	director	911 KENNEDY AVE., NORTH VANCOUVER A1 V7R1L4
Fcmi Financial Corp Et Al	10 percent owner	BCE PLACE, 181 BAY STREET SUITE 250, TORONTO CANADA A6
Albert Friedberg	10 percent owner
Eliseo Gonzalez-urien	director	10911 CORP RANCH, ASHLAND OR 97520