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AVVH (AVVAA World Health Care Products) Beneish M-Score : 0.00 (As of Mar. 03, 2025)


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What is AVVAA World Health Care Products 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 AVVAA World Health Care Products's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of AVVAA World Health Care Products was 0.00. The lowest was 0.00. And the median was 0.00.


AVVAA World Health Care Products Beneish M-Score Historical Data

The historical data trend for AVVAA World Health Care Products'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.

* Premium members only.

AVVAA World Health Care Products Beneish M-Score Chart

AVVAA World Health Care Products Annual Data
Trend May00 May01 May02 May03 May04 May05 May06 May07
Beneish M-Score
Get a 7-Day Free Trial - - -15.68 -10.26 -23.22

AVVAA World Health Care Products Semi-Annual Data
May00 May01 May02 May03 May04 May05 May06 May07
Beneish M-Score Get a 7-Day Free Trial - - -15.68 -10.26 -23.22

Competitive Comparison of AVVAA World Health Care Products's Beneish M-Score

For the Mortgage Finance subindustry, AVVAA World Health Care Products'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.


AVVAA World Health Care Products's Beneish M-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AVVAA World Health Care Products's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AVVAA World Health Care Products's Beneish M-Score falls into.



AVVAA World Health Care Products 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 AVVAA World Health Care Products 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 * 0.4618+0.528 * 0.2316+0.404 * 1.8827+0.892 * 5.0526+0.115 * 0.9962
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.2119+4.679 * -4.938776-0.327 * 2.9085
=-23.01

* 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 (May07) TTM:Last Year (May06) TTM:
Total Receivables was $0.03 Mil.
Revenue was $0.10 Mil.
Gross Profit was $-0.35 Mil.
Total Current Assets was $0.05 Mil.
Total Assets was $0.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.17 Mil.
Selling, General, & Admin. Expense(SGA) was $2.63 Mil.
Total Current Liabilities was $14.55 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-4.47 Mil.
Gross Profit was $0.02 Mil.
Cash Flow from Operations was $-1.34 Mil.
Total Receivables was $0.01 Mil.
Revenue was $0.02 Mil.
Gross Profit was $-0.02 Mil.
Total Current Assets was $1.00 Mil.
Total Assets was $1.71 Mil.
Property, Plant and Equipment(Net PPE) was $0.33 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.20 Mil.
Selling, General, & Admin. Expense(SGA) was $2.46 Mil.
Total Current Liabilities was $13.45 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)
=(0.028 / 0.096) / (0.012 / 0.019)
=0.291667 / 0.631579
=0.4618

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)
=(-0.016 / 0.019) / (-0.349 / 0.096)
=-0.842105 / -3.635417
=0.2316

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 - (0.053 + 0.315) / 0.637) / (1 - (1 + 0.328) / 1.712)
=0.422292 / 0.224299
=1.8827

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
=0.096 / 0.019
=5.0526

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))
=(1.199 / (1.199 + 0.328)) / (1.172 / (1.172 + 0.315))
=0.7852 / 0.788164
=0.9962

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)
=(2.631 / 0.096) / (2.457 / 0.019)
=27.40625 / 129.315789
=0.2119

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 + 14.552) / 0.637) / ((0 + 13.447) / 1.712)
=22.844584 / 7.854556
=2.9085

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
=(-4.471 - 0.017 - -1.342) / 0.637
=-4.938776

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.

AVVAA World Health Care Products has a M-score of -23.01 suggests that the company is unlikely to be a manipulator.


AVVAA World Health Care Products Beneish M-Score Related Terms

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AVVAA World Health Care Products Business Description

Traded in Other Exchanges
N/A
Address
1001 West Loop South, Suite 803, Houston, TX, USA, 77027
AVVAA World Health Care Products Inc is a capital financing company for real estate borrowings.
Executives
Mark E Alden director, officer: V.P. Research and Development PO BOX 204, BRYN ATHYN PA 19009
James W Haney officer: V. P. MFG/Dist. Consultant 21 ERINDALE DR, MARLTON NJ 08053
Barbara Smith officer: Executive VP Sales & Marketing PO BOX 370, FALKLAND BC A1 V0E 1W0
John Stewart Farley director, 10 percent owner, officer: President and CEO PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Farley Lorie Dale Campbell 10 percent owner, officer: V.P. Animal Care Products PO BOX 335, 3018 SCHAEFFER ROAD, FAULKLAND A1 V0E 1W0
Ronald James Reynolds officer: V.P. Manufacturing Dist./Can 9015 RUSSET DRIVE, COLDSTREAM A1 V1B 2B7
Charles Tait Austin director, officer: CFO and Secretary 13503 SUMNE LANE, VERNON, BRITISH COLUMBIA, A1 00000

AVVAA World Health Care Products Headlines

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