Camplify Holdings (ASX:CHL) Beneish M-Score : -1.79 (As of May. 04, 2024)

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What is Camplify Holdings 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.

Good Sign:

Beneish M-Score -1.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:CHL' s Beneish M-Score Range Over the Past 10 Years
Min: -1.79 Med: -1.79 Max: -1.79
Current: -1.79

During the past 3 years, the highest Beneish M-Score of Camplify Holdings was -1.79. The lowest was -1.79. And the median was -1.79.

Camplify Holdings Beneish M-Score Historical Data

The historical data trend for Camplify Holdings'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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Camplify Holdings Beneish M-Score Chart

Camplify Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Beneish M-Score

-1.79

Camplify Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial			-	-	-	-1.79	-

Competitive Comparison of Camplify Holdings's Beneish M-Score

For the Internet Content & Information subindustry, Camplify Holdings'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.

Camplify Holdings's Beneish M-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Camplify Holdings's Beneish M-Score distribution charts can be found below:

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

Camplify Holdings 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 Camplify Holdings 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 * 0.9271

0.528 * 0.3675

0.404 * 2.3461

0.892 * 2.2656

0.115 * 0.4025

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7479

4.679 * -0.153795

0.327 * 0.5042

-1.79

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was A$22.95 Mil.
Revenue was A$24.24 Mil.
Gross Profit was A$11.82 Mil.
Total Current Assets was A$51.24 Mil.
Total Assets was A$113.07 Mil.
Property, Plant and Equipment(Net PPE) was A$1.72 Mil.
Depreciation, Depletion and Amortization(DDA) was A$1.06 Mil.
Selling, General, & Admin. Expense(SGA) was A$20.03 Mil.
Total Current Liabilities was A$41.12 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.37 Mil.
Net Income was A$-3.61 Mil.
Gross Profit was A$11.03 Mil.
Cash Flow from Operations was A$2.75 Mil.

Total Receivables was A$10.93 Mil.
Revenue was A$10.70 Mil.
Gross Profit was A$1.92 Mil.
Total Current Assets was A$26.75 Mil.
Total Assets was A$36.32 Mil.
Property, Plant and Equipment(Net PPE) was A$1.34 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.24 Mil.
Selling, General, & Admin. Expense(SGA) was A$11.82 Mil.
Total Current Liabilities was A$26.12 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.31 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)
	=	(22.952 / 24.237)	/	(10.927 / 10.698)
	=	0.946982	/	1.021406
	=	0.9271

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)
	=	(1.918 / 10.698)	/	(11.824 / 24.237)
	=	0.179286	/	0.487849
	=	0.3675

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 - (51.24 + 1.718) / 113.066)	/	(1 - (26.748 + 1.342) / 36.32)
	=	0.531619	/	0.226597
	=	2.3461

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
	=	24.237	/	10.698
	=	2.2656

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))
	=	(0.243 / (0.243 + 1.342))	/	(1.057 / (1.057 + 1.718))
	=	0.153312	/	0.380901
	=	0.4025

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)
	=	(20.027 / 24.237)	/	(11.819 / 10.698)
	=	0.826299	/	1.104786
	=	0.7479

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)
	=	((0.371 + 41.12) / 113.066)	/	((0.313 + 26.122) / 36.32)
	=	0.366963	/	0.727836
	=	0.5042

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
	=	(-3.609 - 11.03	-	2.75)	/	113.066
	=	-0.153795

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.

Camplify Holdings has a M-score of -1.79 suggests that the company is unlikely to be a manipulator.

Camplify Holdings Beneish M-Score Related Terms

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Camplify Holdings (ASX:CHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Camplify Holdings Ltd (ASX:CHL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Union Street, Wickham, New Castle, NSW, AUS, 2300

Website

https://www.camplify.com.au

Camplify Holdings Ltd is a peer-to-peer digital marketplace platform connecting recreational vehicle owners to Hirers. The company has built a platform that connects RV owners and SMEs with a fleet of recreational vehicles. Its geographical segments are Australia, New Zealand, United Kingdom & Europe.