Compass Digital Acquisition (Compass Digital Acquisition) Beneish M-Score : 0.00 (As of May. 31, 2024)

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

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

Compass Digital Acquisition Beneish M-Score Historical Data

The historical data trend for Compass Digital Acquisition'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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Compass Digital Acquisition Beneish M-Score Chart

Compass Digital Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Compass Digital Acquisition Quarterly Data
	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 Compass Digital Acquisition's Beneish M-Score

For the Shell Companies subindustry, Compass Digital Acquisition'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.

Compass Digital Acquisition's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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

Compass Digital Acquisition 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 Compass Digital Acquisition 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 $0.10 Mil.
Total Assets was $56.08 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 $0.11 Mil.
Total Current Liabilities was $0.92 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.113 + -1.024 + 2.009 + 2.011 = $2.88 Mil.
Non Operating Income was -0.507 + -1.409 + -0.252 + -0.224 = $-2.39 Mil.
Cash Flow from Operations was -0.264 + -0.407 + -0.417 + -0.142 = $-1.23 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 $1.06 Mil.
Total Assets was $218.89 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 $0.48 Mil.
Total Current Liabilities was $1.05 Mil.
Long-Term Debt & Capital Lease Obligation was $0.30 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 - (0.104 + 0) / 56.084)	/	(1 - (1.06 + 0) / 218.886)
	=	0.998146	/	0.995157
	=

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)
	=	(0.11 / 0)	/	(0.48 / 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 + 0.918) / 56.084)	/	((0.303 + 1.045) / 218.886)
	=	0.016368	/	0.006158
	=

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
	=	(2.883 - -2.392	-	-1.23)	/	56.084
	=	0.115987

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.

Compass Digital Acquisition Beneish M-Score Related Terms

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Compass Digital Acquisition (Compass Digital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Compass Digital Acquisition Corp (NAS:CDAQ) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

3626 N Hall Street, Suite 910, Dallas, TX, USA, 75219

Website

https://www.compassdigitalspac.com

Compass Digital Acquisition Corp is a blank check company.

Executives

Hcg Opportunity Mm, Llc	10 percent owner	195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Hcg Opportunity, Llc	10 percent owner	195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Satish Gupta	director	3626 N HALL STREET, #910, DALLAS TX 75219
Kirk Steven Hovde	director	1629 COLONIAL PARKWAY, INVERNESS IL 60067
Matthew Schindel	director	195 US HWY 50, SUITE 208, ZEPHYR COVE NV 89448
Nicholas Boris Geeza	officer: Chief Financial Officer	17 BEACH CLUB DRIVE, STATELINE NV 89449
Compass Digital Spac Llc	10 percent owner	3626 N HALL STREET, #910, DALLAS, TX 75219
Anna Brunelle	director	TIVO INC., 2160 GOLD STREET, ALVISO CA 95002
Thomas D Hennessy	director, officer: Chief Executive Officer	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Milton Joseph Beck	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Abidali Neemuchwala	director	C/O VIRTUSA CORPORATION, 132 TURNPIKE RD, STE. 300, SOUTHBOROUGH MA 01772
Daniel J Hennessy	director	10 SOUTH WACKER DRIVE, CHICAGO IL 60606
William Arthur Owens	director	C/O CENTURYLINK, INC., 100 CENTURYLINK DRIVE, MONROE LA 71203
Jon M. Zieger	director	3626 N HALL STREET, #910, DALLAS, TX 75219
Burhan Jaffer	officer: Chief Financial Officer	3626 H HALL STREET, #910, DALLAS TX 75219

Compass Digital Acquisition (Compass Digital Acquisition) Headlines

From GuruFocus

Compass Digital Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing December 6, 2021

By Business Wire Business Wire • 12-04-2021

Compass Digital Acquisition Corp. Announces Postponement of its Extraordinary General Meeting of Shareholders to 12 P.M. ET on October 19, 2023

By Marketwired • 10-10-2023