Blockchain Coinvestors Acquisition I (Blockchain Coinvestors Acquisition I) Beneish M-Score : 0.00 (As of Jun. 14, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Blockchain Coinvestors Acquisition I 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 Blockchain Coinvestors Acquisition I's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Blockchain Coinvestors Acquisition I was 0.00. The lowest was 0.00. And the median was 0.00.

Blockchain Coinvestors Acquisition I Beneish M-Score Historical Data

The historical data trend for Blockchain Coinvestors Acquisition I'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.

Blockchain Coinvestors Acquisition I Beneish M-Score Chart

Blockchain Coinvestors Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Blockchain Coinvestors Acquisition I Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Blockchain Coinvestors Acquisition I's Beneish M-Score

For the Shell Companies subindustry, Blockchain Coinvestors Acquisition I'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.

Blockchain Coinvestors Acquisition I's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Blockchain Coinvestors Acquisition I's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Blockchain Coinvestors Acquisition I's Beneish M-Score falls into.

Blockchain Coinvestors Acquisition I 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 Blockchain Coinvestors Acquisition I 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 (Mar24) TTM:

Last Year (Mar23) TTM:

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 $0.25 Mil.
Total Assets was $27.81 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.65 Mil.
Total Current Liabilities was $4.87 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 1.853 + 5.408 + 0.436 + 0.716 = $8.41 Mil.
Non Operating Income was 2.608 + 4.659 + 0.82 + 1.976 = $10.06 Mil.
Cash Flow from Operations was -0.18 + -0.377 + -0.179 + -0.913 = $-1.65 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 $0.39 Mil.
Total Assets was $38.48 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $4.54 Mil.
Total Current Liabilities was $5.50 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 / 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 - (0.254 + 0) / 27.808)	/	(1 - (0.392 + 0) / 38.476)
	=	0.990866	/	0.989812
	=

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 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(1.65 / 0)	/	(4.539 / 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)
	=	((0 + 4.865) / 27.808)	/	((0 + 5.503) / 38.476)
	=	0.17495	/	0.143024
	=

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
	=	(8.413 - 10.063	-	-1.649)	/	27.808
	=	-3.6E-5

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.

Blockchain Coinvestors Acquisition I Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Blockchain Coinvestors Acquisition I's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Blockchain Coinvestors Acquisition I (Blockchain Coinvestors Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blockchain Coinvestors Acquisition Corp I (NAS:BCSA) » Definitions » Beneish M-Score

Comparable Companies

VCXB LCW GAQ FLME CHEA EVE HCMA SUAC ALCY HHLA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

N/A

Address

Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY1-1102

Website

https://www.blockchaincac1.com

Blockchain Coinvestors Acquisition Corp I is a blank check company.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mitchell Mechigian	officer: Chief Financial Officer	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Alison Davis	10 percent owner, officer: Managing Director	255 FISERV DRIVE, BROOKFIELD WI 53045
Lou Kerner	director, 10 percent owner, officer: Managing Director and CEO	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Wiel Colin T.	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Le Merle Matthew C	director, 10 percent owner, officer: Managing Director and Chair	4545 PARADISE DRIVE, TIBURON CA 94920
Blockchain Coinvestors Acquisition Sponsors I Llc	10 percent owner	1120 NW COUCH STREET, 10TH FLOOR, PORTLAND OR 97209
Gary Lloyd Cookhorn	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Rebecca Lynn Macieira-kaufmann	director	P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102

Blockchain Coinvestors Acquisition I (Blockchain Coinvestors Acquisition I) Headlines

From GuruFocus

BLOCKCHAIN COINVESTORS ACQUISITION CORP. I ANNOUNCES POSTPONEMENT OF EXTRAORDINARY GENERAL MEETING DATE

By PRNewswire PRNewswire • 01-17-2023

Fintech Platform Qenta Inc., to List on Nasdaq Through Merger with Blockchain Coinvestors Acquisition Corp. I

By PRNewswire PRNewswire • 11-10-2022