CalEthos (CalEthos) Beneish M-Score : 0.00 (As of Jun. 03, 2024)

View and export this data going back to 2004. Start your Free Trial

What is CalEthos 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 CalEthos's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of CalEthos was -1.08. The lowest was -66.46. And the median was -7.54.

CalEthos Beneish M-Score Historical Data

The historical data trend for CalEthos'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.

CalEthos Beneish M-Score Chart

CalEthos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

Get a 7-Day Free Trial

CalEthos Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of CalEthos's Beneish M-Score

For the Information Technology Services subindustry, CalEthos'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.

CalEthos's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, CalEthos's Beneish M-Score distribution charts can be found below:

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

CalEthos 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 CalEthos 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 -0.019 + 0 + 0 + 0 = $-0.02 Mil.
Total Current Assets was $0.82 Mil.
Total Assets was $3.58 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 $3.59 Mil.
Total Current Liabilities was $1.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -7.014 + -4.116 + -0.098 + -0.217 = $-11.45 Mil.
Non Operating Income was -6.468 + -0.986 + 0 + 0.023 = $-7.43 Mil.
Cash Flow from Operations was -0.212 + 0.005 + 0.138 + -0.107 = $-0.18 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 $1.91 Mil.
Total Assets was $2.00 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 $-7.40 Mil.
Total Current Liabilities was $5.34 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)	/	(-0.019 / 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 - (0.819 + 0) / 3.577)	/	(1 - (1.913 + 0) / 1.997)
	=	0.771037	/	0.042063
	=

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)
	=	(3.59 / 0)	/	(-7.395 / 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 + 1.082) / 3.577)	/	((0 + 5.337) / 1.997)
	=	0.302488	/	2.672509
	=

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
	=	(-11.445 - -7.431	-	-0.176)	/	3.577
	=	-1.072966

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.

CalEthos Beneish M-Score Related Terms

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

CalEthos (CalEthos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CalEthos Inc (OTCPK:BUUZ) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

11753 Willard Avenue, Tustin, CA, USA, 92782

Website

https://www.calethos.com

CalEthos Inc is a shell company.

Executives

Sean Paul Fontenot	10 percent owner	1202 WALNUT AVENUE, LONG BEACH CA 90813
Hyuncheol Peter Kim	officer: Chief Technology Officer	132 DOLCI, IRVINE CA 92602
Steve Shum	director	9025 SW HILLMAN COURT, SUITE 3126, WILSONVILLE OR 97070
Michael Campbell	director, 10 percent owner, officer: Chief Executive Officer	11753 WILLARD AVENUE, TUSTIN CA 92782
Piers Cooper	director, 10 percent owner, officer: President	452 LAKEVIEW WAY, EMERALD HILLS CA 94062
M1 Advisors Llc	10 percent owner	11753 WILLARD AVENUE, TUSTIN CA 92782
Lawrence J. Selevan	10 percent owner	C/O CHESTERFIELD FARING LTD., 415 MADISON AVENUE, NEW YORK NY 10017
Chesterfield Faring, Ltd.	10 percent owner	415 MADISON AVENUE, NEW YORK NY 10017
Nathan Hanks	director, 10 percent owner, officer: President and CEO	C/O REAL SOURCE, 2089 FORT UNION BLVD., SALT LAKE CITY UT 84121
Real Source Acquisitions Group, Llc	10 percent owner	2089 EAST FORT UNION BLVD, SALT LAKE CITY UT 84121
Michael Anderson	director, 10 percent owner, other: (Chairman of the Board)	C/O REAL SOURCE, 2089 EAST FORT UNION BLVD., SALT LAKE CITY UT 84121
Kelly Randall	director, officer: COO and CFO	C/O REAL SOURCE, 2089 EAST FORT UNION BLVD., SALT LAKE CITY UT 84121
Six Capital Ltd	10 percent owner	MONT FLEURI, MAHE T2 0000
Charles El-moussa	director, 10 percent owner, officer: President Secretary Treasurer	5100 WESTHEIMER, SUITE 200, HOUSTON TX 77056
Mike Mcfarland	director, 10 percent owner, officer: Pres/Sec/Treas/CEO/CFO	71130, 198-8060 SILVER SPRING ROAD, CALGARY A0 T3B 5K2

CalEthos (CalEthos) Headlines

No Headlines