The Calmer Co International (ASX:CCO) Beneish M-Score: -1.88 (As of Jun. 26, 2026)


What is The Calmer Co International Beneish M-Score?

The Calmer Co International ASX:CCO -33.33% Beneish M-Score is -1.88 as of Jun. 26, 2026. The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, The Calmer Co International ranks worse than 81.02% on this metric.

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.

Good Sign:

Beneish M-Score -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:CCO' s Beneish M-Score Range Over the Past 10 Years
Min: -4.35   Med: -2.31   Max: 9.76
Current: -1.88

During the past 8 years, the highest Beneish M-Score of The Calmer Co International was 9.76. The lowest was -4.35. And the median was -2.31.

The Calmer Co International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for The Calmer Co International'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.

The Calmer Co International Beneish M-Score Chart

The Calmer Co International Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 9.76 -1.10 -4.35 -3.34 -1.88

The Calmer Co International Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -3.34 0.00 -1.88 0.00

ASX:CCO vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, The Calmer Co International'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.

The Calmer Co International Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Calmer Co International's Beneish M-Score distribution charts can be found below:

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


The Calmer Co International 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 The Calmer Co International for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.4046+0.528 * 1.1677+0.404 * 0.6849+0.892 * 1.8848+0.115 * 0.8948
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8024+4.679 * 0.052826-0.327 * 0.6001
=-1.88

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was A$0.49 Mil.
Revenue was A$8.04 Mil.
Gross Profit was A$3.41 Mil.
Total Current Assets was A$4.12 Mil.
Total Assets was A$5.68 Mil.
Property, Plant and Equipment(Net PPE) was A$1.14 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.33 Mil.
Selling, General, & Admin. Expense(SGA) was A$5.12 Mil.
Total Current Liabilities was A$2.10 Mil.
Long-Term Debt & Capital Lease Obligation was A$1.67 Mil.
Net Income was A$-3.99 Mil.
Gross Profit was A$0.08 Mil.
Cash Flow from Operations was A$-4.37 Mil.
 Total Receivables was A$0.64 Mil.
Revenue was A$4.26 Mil.
Gross Profit was A$2.12 Mil.
Total Current Assets was A$3.08 Mil.
Total Assets was A$4.34 Mil.
Property, Plant and Equipment(Net PPE) was A$0.79 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.20 Mil.
Selling, General, & Admin. Expense(SGA) was A$3.39 Mil.
Total Current Liabilities was A$3.25 Mil.
Long-Term Debt & Capital Lease Obligation was A$1.54 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)
=(0.485 / 8.035) / (0.636 / 4.263)
=0.060361 / 0.149191
=0.4046

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)
=(2.115 / 4.263) / (3.414 / 8.035)
=0.496129 / 0.424891
=1.1677

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 - (4.121 + 1.139) / 5.679) / (1 - (3.076 + 0.792) / 4.335)
=0.073781 / 0.107728
=0.6849

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
=8.035 / 4.263
=1.8848

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))
=(0.201 / (0.201 + 0.792)) / (0.333 / (0.333 + 1.139))
=0.202417 / 0.226223
=0.8948

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)
=(5.124 / 8.035) / (3.388 / 4.263)
=0.63771 / 0.794745
=0.8024

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)
=((1.672 + 2.095) / 5.679) / ((1.538 + 3.254) / 4.335)
=0.663321 / 1.105421
=0.6001

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
=(-3.992 - 0.078 - -4.37) / 5.679
=0.052826

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 Calmer Co International has a M-score of -1.88 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 -1.88 mean?
The Calmer Co International (ASX:CCO) has a Beneish M-Score of -1.88 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Calmer Co International and its competitors. According to the industry distribution chart, The Calmer Co International ranks #1498 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 81%.
Is The Calmer Co International's Beneish M-Score too high?
The Calmer Co International's current Beneish M-Score is -1.88. Based on the distribution chart, The Calmer Co International ranks #1498 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers.
How does The Calmer Co International's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The Calmer Co International ranks #1498 out of 1849 companies for Beneish M-Score. This places The Calmer Co International in the lower half of its 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 a Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 The Calmer Co International and its competitors. The Calmer Co International's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Calmer Co International stock overvalued right now?
The Calmer Co International (ASX:CCO) has a current Beneish M-Score of -1.88. The current Beneish M-Score is -1.88. 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 The Calmer Co International (ASX:CCO), the current Beneish M-Score is -1.88 as of Jun. 26, 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.

The Calmer Co International Business Description

Address 96 Victoria Street, West End, Brisbane, QLD, AUS, 4101
The Calmer Co International Ltd is mainly engaged in the research, development, and selling of kava extracts as a consumer product. Its business objective is the primary production of kava through a network of outsourced kava farms and via its Farm located in Fiji, and the production and sale of kava supplements and complementary medicines. The company has produced three types of products in the market: shots, powders, and capsules. Its reportable segments are: Fiji Kava Australia Trading Pty Ltd (Fiji Kava Australia Trading), which derives maximum revenue, South Pacific Elixirs Pty Limited (SPE Fiji), Fiji Kava Inc (USA), and Danodan Hempworks LLC (USA). Geographically, it derives key revenue from Australia and the rest from Fiji and other regions.