ASRE (Astra Energy) Beneish M-Score : 0.00 (As of Apr. 17, 2025)

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What is Astra Energy 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 Astra Energy's Beneish M-Score or its related term are showing as below:

During the past 9 years, the highest Beneish M-Score of Astra Energy was 164.65. The lowest was -86.05. And the median was -68.40.

Astra Energy Beneish M-Score Historical Data

The historical data trend for Astra Energy'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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Astra Energy Beneish M-Score Chart

Astra Energy Annual Data

Trend

Sep05

Aug06

Aug07

Aug08

Aug09

Aug21

Aug22

Aug23

Aug24

Beneish M-Score

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-3.80

-86.05

Astra Energy Quarterly Data
	May09	Aug09	Nov09	Feb10	May10	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Astra Energy's Beneish M-Score

For the Utilities - Renewable subindustry, Astra Energy'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.

Astra Energy's Beneish M-Score Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Astra Energy's Beneish M-Score distribution charts can be found below:

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

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Astra Energy 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 Astra Energy 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 (Nov24) TTM:

Last Year (Nov23) TTM:

Total Receivables was $0.47 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $2.99 Mil.
Total Assets was $12.00 Mil.
Property, Plant and Equipment(Net PPE) was $4.71 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.05 Mil.
Selling, General, & Admin. Expense(SGA) was $1.65 Mil.
Total Current Liabilities was $7.68 Mil.
Long-Term Debt & Capital Lease Obligation was $4.56 Mil.
Net Income was -0.629 + -2.696 + -0.08 + -0.396 = $-3.80 Mil.
Non Operating Income was 0 + 0 + 0.75 + -0.002 = $0.75 Mil.
Cash Flow from Operations was -0.22 + -0.011 + 0 + -0.012 = $-0.24 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Assets was $9.24 Mil.
Property, Plant and Equipment(Net PPE) was $4.82 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.35 Mil.
Total Current Liabilities was $1.40 Mil.
Long-Term Debt & Capital Lease Obligation was $4.69 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)
	=	(0.47 / 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 / 0)	/	(0 / 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 - (2.986 + 4.71) / 11.995)	/	(1 - (0.014 + 4.818) / 9.242)
	=	0.358399	/	0.477169
	=

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 + 4.818))	/	(0.047 / (0.047 + 4.71))
	=	0	/	0.00988
	=

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)
	=	(1.651 / 0)	/	(1.35 / 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)
	=	((4.562 + 7.682) / 11.995)	/	((4.691 + 1.398) / 9.242)
	=	1.020759	/	0.65884
	=

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
	=	(-3.801 - 0.748	-	-0.243)	/	11.995
	=	-0.358983

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.

Astra Energy Beneish M-Score Related Terms

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Astra Energy Business Description

Industry

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Comparable Companies

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Address

1100 Benjamin Franklin Drive, Unit 802, Sarasota, FL, USA, 34236

Website

https://www.astraenergyinc.com

Astra Energy Inc is engaged in waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The company invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs, while also cultivating a portfolio of intellectual property and licenses for renewable energy technology and generating projects to deploy that technology. Its projects include Zanzibar Clean and Renewable Energy Park, 350 Megawatt Combined Cycle Power Plant and others.

Executives

Lisa Thompson	officer: Corporate Secretary	27-9045 WALNUT GROVE DRIVE, LANGLEY Z4 V1M2E1
Rachel Boulds Cpa, Pllc	officer: CFO	6371 S. GLENOAKS STREET, MURRAY UT 84107
Christopher Harold Wall	director	6301 COLLINS AVENUE, #2403, MIAMI BEACH FL 33141
Javier H Idrovo	director	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY X1 17033
Vcaf Gp, Llc	10 percent owner	C/O VISION CAPITAL ADVISORS, 20 WEST 55TH STREET, 5TH FLOOR, NEW YORK NY 10019
Vision Capital Advantage Fund, L.p.	10 percent owner	C/O VISION CAPITAL ADVISORS, 20 WEST 55TH STREET, 5TH FLOOR, NEW YORK NY 10019
Vision Opportunity Master Fund, Ltd.	10 percent owner	C/O OGIER FIDUCIARY SERVICES (CAY) LTD., 88 NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9007
Vision Capital Advisors, Llc	10 percent owner	20 WEST 55TH STREET, 5TH FLOOR, NEW YORK NY 10019
Adam Benowitz	10 percent owner	C/O VISION CAPITAL ADVISORS, LLC, 20 WEST 55TH STREET, 5TH FLOOR, NEW YORK NY 10019
Ian Andrew Fraser	director	3056 WEST 2ND AVENUE, VANCOUVER A1 V6K 1K4
Tri Point Capital Advisors Llc	10 percent owner	15245 SHADY GROVE RD, STE 400, ROCKVILLE MD 20850
Robert Rooks	director	1912 PINE STREET, HUNTINGTON BEACH CA 92648
Michael Robert Boswell	director, officer: Acting Chief Financial Officer	400 PROFESSIONAL DRIVE, SUITE 310, GAITHERSBURG MD 20879
Darryl Horton	director	35368 EAGLE MOUNTAIN DRIVE, ABBOTSFORD A1 V3G2X7
Robert Saunders	10 percent owner, officer: Chief Executive Officer	5552 WEST ISLAND HWY, QUALICUM BEACH A1 V9K2C8