CCTSF (Cactus Acquisition 1) Beneish M-Score : 0.00 (As of Mar. 19, 2025)

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What is Cactus Acquisition 1 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 Cactus Acquisition 1's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Cactus Acquisition 1 was 0.00. The lowest was 0.00. And the median was 0.00.

Cactus Acquisition 1 Beneish M-Score Historical Data

The historical data trend for Cactus Acquisition 1'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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Cactus Acquisition 1 Beneish M-Score Chart

Cactus Acquisition 1 Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Cactus Acquisition 1 Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Cactus Acquisition 1's Beneish M-Score

For the Shell Companies subindustry, Cactus Acquisition 1'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.

Cactus Acquisition 1's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cactus Acquisition 1's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Cactus Acquisition 1's Beneish M-Score falls into.

Cactus Acquisition 1 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 Cactus Acquisition 1 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 (Sep24) TTM:

Last Year (Sep23) 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 $0.04 Mil.
Total Assets was $22.22 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 $0.00 Mil.
Total Current Liabilities was $1.30 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.216 + -0.127 + 0.037 + 0.13 = $-0.18 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0.074 + 0.201 + -0.614 + 0.408 = $0.07 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 $0.05 Mil.
Total Assets was $24.65 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 $0.00 Mil.
Total Current Liabilities was $0.85 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 - (0.043 + 0) / 22.217)	/	(1 - (0.054 + 0) / 24.651)
	=	0.998065	/	0.997809
	=

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)
	=	(0 / 0)	/	(0 / 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 + 1.298) / 22.217)	/	((0 + 0.849) / 24.651)
	=	0.058424	/	0.034441
	=

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
	=	(-0.176 - 0	-	0.069)	/	22.217
	=	-0.011028

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.

Cactus Acquisition 1 Beneish M-Score Related Terms

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Cactus Acquisition 1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cactus Acquisition Corp 1 Ltd (OTCPK:CCTSF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

4B Cedar Brook Drive, Cranbury, NJ, USA, 08512

Website

https://www.cactusac1.com

Cactus Acquisition Corp 1 Ltd is a blank check company.

Executives

Kepos Capital Lp	10 percent owner	11 TIMES SQUARE, 35TH FLOOR, NEW YORK NY 10036
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
683 Capital Partners, Lp	10 percent owner	C/O 683 CAPITAL GP, LLC, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
683 Capital Management, Llc	10 percent owner	1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Ari Zweiman	10 percent owner	C/O 683 CAPITAL MANAGEMENT, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Stephen T Wills	officer: Chief Financial Officer	PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY NJ 08512
David Sidransky	director	JOHNS HOPKINS UNIVERSITY, 720 RUTLAND AVENUE, BALTIMORE MD 21205
Nachum Shamir	director	12212 TECHNOLOGY BLVD, AUSTIN TX 78727
David Shulkin	director	944 MERION SQUARE, GLADWYNE PA 19035
Ofer Gonen	director, officer: Chief Executive Officer	1/3 HIGH-TECH VILLAGE, GIVAT RAM, P.O. BOX 39264, JERUSALEM L3 9139102
Cactus Healthcare Management Lp	10 percent owner	4B CEDAR BROOK DRIVE, CRANBURY NJ 08512
Cactus Healthcare Management Llc	10 percent owner	4B CEDAR BROOK DRIVE, CRANBURY NJ 08512

Cactus Acquisition 1 Headlines

From GuruFocus

Cactus Acquisition Corp. 1 Limited Announces Full Exercise of $16.5 Million Over-Allotment Option in Connection with its Initial Public Offering

By Marketwired Marketwired • 11-01-2021

Cactus Acquisition Corp. 1 Limited Announces Closing of Upsized $126.5 Million Initial Public Offering, Including Fully-Exercised Over-Allotment Option

By Don Li2 Don Li2 • 11-02-2021

CACTUS ACQUISITION CORP. 1 LTD. ANNOUNCES CONTRIBUTIONS TO TRUST ACCOUNT IN CONNECTION WITH PROPOSED EXTENSION

By sperokesalga sperokesalga • 04-12-2023

Cactus Acquisition Corp. 1 Limited Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing December 30, 2021

By GuruFocusNews GuruFocusNews • 12-28-2021

Cactus Acquisition Corp. 1 Limited Files its Annual Report for the 2021 Year

By GuruFocusNews GuruFocusNews • 04-05-2022