ALOD (Allied Resources) Beneish M-Score: 0.00 (As of Jun. 24, 2026)

What is Allied Resources Beneish M-Score?

Allied Resources ALOD Beneish M-Score is 0.00 as of Jun. 24, 2026.

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 Allied Resources's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Allied Resources was 0.00. The lowest was 0.00. And the median was 0.00.

Allied Resources Beneish M-Score Related Terms

Allied Resources Beneish M-Score Historical Data

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The historical data trend for Allied Resources'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.

Allied Resources Beneish M-Score Chart

Allied Resources Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Beneish M-Score

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-2.14

-3.52

-3.75

-3.27

0.00

Allied Resources Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Mar18	Jun18	Dec18
Beneish M-Score	Get a 7-Day Free Trial															-2.16	-3.27	7.28	-35.82	0.00

ALOD vs ATRVF, GDPMQ, OOIL: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Allied Resources'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.

Allied Resources Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Allied Resources's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Allied Resources's Beneish M-Score falls into.

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Allied Resources 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 Allied Resources 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 * 1.0612

0.528 * -26.0824

0.404 * 0.8137

0.892 * 0.5472

0.115 * 1.8874

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8385

4.679 * -0.001809

0.327 * 0.7429

-17.00

This Year (Dec18) TTM:

Last Year (Jun17) TTM:

Total Receivables was $0.02 Mil.
Revenue was 0 + 0.082 + 0.092 + 0 = $0.17 Mil.
Gross Profit was 0 + -0.006 + 0.003 + 0 = $-0.00 Mil.
Total Current Assets was $1.64 Mil.
Total Assets was $2.76 Mil.
Property, Plant and Equipment(Net PPE) was $0.42 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $0.08 Mil.
Total Current Liabilities was $0.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0 + -0.045 + -0.025 + 0 = $-0.07 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0 + -0.041 + -0.024 + 0 = $-0.07 Mil.

Total Receivables was $0.03 Mil.
Revenue was 0.087 + 0.092 + 0.067 + 0.072 = $0.32 Mil.
Gross Profit was 0.001 + 0.003 + 0.067 + 0.072 = $0.14 Mil.
Total Current Assets was $1.06 Mil.
Total Assets was $2.25 Mil.
Property, Plant and Equipment(Net PPE) was $0.48 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.05 Mil.
Selling, General, & Admin. Expense(SGA) was $0.17 Mil.
Total Current Liabilities was $0.02 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)
	=	(0.018 / 0.174)	/	(0.031 / 0.318)
	=	0.103448	/	0.097484
	=	1.0612

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)
	=	(0.143 / 0.318)	/	(-0.003 / 0.174)
	=	0.449686	/	-0.017241
	=	-26.0824

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 - (1.644 + 0.415) / 2.764)	/	(1 - (1.064 + 0.48) / 2.249)
	=	0.255065	/	0.313473
	=	0.8137

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
	=	0.174	/	0.318
	=	0.5472

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))
	=	(0.048 / (0.048 + 0.48))	/	(0.021 / (0.021 + 0.415))
	=	0.090909	/	0.048165
	=	1.8874

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)
	=	(0.078 / 0.174)	/	(0.17 / 0.318)
	=	0.448276	/	0.534591
	=	0.8385

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 + 0.021) / 2.764)	/	((0 + 0.023) / 2.249)
	=	0.007598	/	0.010227
	=	0.7429

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
	=	(-0.07 - 0	-	-0.065)	/	2.764
	=	-0.001809

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.

Allied Resources has a M-score of -17.00 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Allied Resources (ALOD) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Allied Resources and its competitors.

Is Allied Resources' Beneish M-Score too high?

Allied Resources' current Beneish M-Score is 0.00.

How does Allied Resources' Beneish M-Score compare to ATRVF and GDPMQ?

Allied Resources' Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Allied Resources and its competitors. Allied Resources's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Allied Resources stock overvalued right now?

Allied Resources (ALOD) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For Allied Resources (ALOD), the current Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Allied Resources Business Description

Industry Energy Oil & Gas

Comparable Companies ATRVF TSXV:LNE.H XCNQ:ISM ASX:TNP XCNQ:OIL TSXV:EGL TSXV:CHY.H TSXV:NTN.H TSXV:GOE TSXV:NE.H TSXV:PNN GDPMQ TSXV:XL TSXV:SHM TSXV:PMX TSXV:SKK OOIL TSXV:UHO LSE:CZN TSXV:WEB.H

Address 299 Main Street, 13th Floor, Salt Lake City, UT, USA, 84111

Website https://www.alliedresourcesinc.com

Allied Resources Inc is engaged in producing oil and natural gas from leases located in West Virginia and Texas. The Company is mainly involved in acquiring, developing, producing, and selling oil and gas properties and production to companies in the continental United States. It is an independent oil and natural gas producer engaged in the exploration, development, production, and sale of oil, natural gas, and liquids from properties located in Calhoun and Ritchie counties, West Virginia, and Goliad and Edwards counties, Texas. Oil and liquids are sold at spot market prices as of the date of pickup.