Blue Ridge Real Estate Co (Blue Ridge Real Estate Co) Beneish M-Score : 0.00 (As of Jun. 10, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Blue Ridge Real Estate Co 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 Blue Ridge Real Estate Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Blue Ridge Real Estate Co was 0.00. The lowest was 0.00. And the median was 0.00.

Blue Ridge Real Estate Co Beneish M-Score Historical Data

The historical data trend for Blue Ridge Real Estate Co'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.

Blue Ridge Real Estate Co Beneish M-Score Chart

Blue Ridge Real Estate Co Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Beneish M-Score

Get a 7-Day Free Trial

-4.54

-3.55

-3.35

0.24

-10,000,000.00

Blue Ridge Real Estate Co Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
Beneish M-Score	Get a 7-Day Free Trial															7.99	-	-10,000,000.00	-	-

Competitive Comparison of Blue Ridge Real Estate Co's Beneish M-Score

For the Resorts & Casinos subindustry, Blue Ridge Real Estate Co'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.

Blue Ridge Real Estate Co's Beneish M-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Blue Ridge Real Estate Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Blue Ridge Real Estate Co's Beneish M-Score falls into.

Blue Ridge Real Estate Co 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 Blue Ridge Real Estate Co 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 * 0.6987

0.528 * -6.3963

0.404 * -0.0503

0.892 * 1.6161

0.115 * 1.0581

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6962

4.679 * -0.063012

0.327 * 1.0737

-6.80

This Year (Apr17) TTM:

Last Year (Apr16) TTM:

Total Receivables was $0.33 Mil.
Revenue was 1.246 + 1.263 + 2.811 + 2.814 = $8.13 Mil.
Gross Profit was -0.059 + 0.041 + 0.974 + 1.295 = $2.25 Mil.
Total Current Assets was $9.62 Mil.
Total Assets was $30.90 Mil.
Property, Plant and Equipment(Net PPE) was $21.28 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.69 Mil.
Selling, General, & Admin. Expense(SGA) was $1.97 Mil.
Total Current Liabilities was $12.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.432 + -0.394 + 0.329 + 0.49 = $-0.01 Mil.
Non Operating Income was -0.013 + 0 + 0.003 + 0 = $-0.01 Mil.
Cash Flow from Operations was 0.029 + 0.034 + 0.737 + 1.15 = $1.95 Mil.

Total Receivables was $0.29 Mil.
Revenue was 0.915 + 0.811 + 1.646 + 1.661 = $5.03 Mil.
Gross Profit was -0.143 + -0.299 + 0.268 + -8.735 = $-8.91 Mil.
Total Current Assets was $8.45 Mil.
Total Assets was $29.87 Mil.
Property, Plant and Equipment(Net PPE) was $21.40 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.74 Mil.
Selling, General, & Admin. Expense(SGA) was $1.75 Mil.
Total Current Liabilities was $11.15 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)
	=	(0.332 / 8.134)	/	(0.294 / 5.033)
	=	0.040816	/	0.058414
	=	0.6987

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)
	=	(-8.909 / 5.033)	/	(2.251 / 8.134)
	=	-1.770117	/	0.27674
	=	-6.3963

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 - (9.622 + 21.278) / 30.899)	/	(1 - (8.445 + 21.404) / 29.868)
	=	-3.2E-5	/	0.000636
	=	-0.0503

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
	=	8.134	/	5.033
	=	1.6161

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))
	=	(0.739 / (0.739 + 21.404))	/	(0.693 / (0.693 + 21.278))
	=	0.033374	/	0.031542
	=	1.0581

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)
	=	(1.968 / 8.134)	/	(1.749 / 5.033)
	=	0.241947	/	0.347506
	=	0.6962

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 + 12.387) / 30.899)	/	((0 + 11.152) / 29.868)
	=	0.400887	/	0.373376
	=	1.0737

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
	=	(-0.007 - -0.01	-	1.95)	/	30.899
	=	-0.063012

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.

Blue Ridge Real Estate Co has a M-score of -6.80 suggests that the company is unlikely to be a manipulator.

Blue Ridge Real Estate Co Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Blue Ridge Real Estate Co's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Ridge Real Estate Co (Blue Ridge Real Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Blue Ridge Real Estate Co (OTCPK:BRRE) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Blue Ridge Court, P.O. Box 707, Blakeslee, PA, USA, 18610

Website

http://www.brreco.com

Blue Ridge Real Estate Co is a company that is engaged in real estate development and its operations. It functions under various segments such as Resort Operations, Real Estate Management/Rental Operations, and Land Resource Management. The company generates the majority of its revenue from Resort Operations, which consist of amenities surrounding Big Boulder Lake. Its landholdings are suited for various uses from resort residential to commercial or industrial development.

Executives

Paul Biddelman	director	C/O INSITUFORM TECHNOLOGIES INC, 702 SPIRIT 40 PARK DRIVE, CHESTERFIELD MO 63005
Milton Cooper	director	C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042
Kimco Realty Corp	10 percent owner	500 NORTH BROADWAY, SUITE 201, JERICHO NY 11753
Michael J Flynn	director, officer: Chairman of the Board	3333 NEW HYDE PARK ROAD, NEW HYDE PARK NY 11042

Blue Ridge Real Estate Co (Blue Ridge Real Estate Co) Headlines

From GuruFocus

Blue Ridge Real Estate Company Completes the Sale of 284 Acres of Land

By PRNewswire PRNewswire • 01-20-2021