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The Crypto Co (The Crypto Co) Beneish M-Score : -10.15 (As of Jun. 24, 2024)


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What is The Crypto 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.

Good Sign:

Beneish M-Score -10.15 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for The Crypto Co's Beneish M-Score or its related term are showing as below:

CRCW' s Beneish M-Score Range Over the Past 10 Years
Min: -1725.25   Med: -16.45   Max: -3.43
Current: -10.15

During the past 9 years, the highest Beneish M-Score of The Crypto Co was -3.43. The lowest was -1725.25. And the median was -16.45.


The Crypto Co Beneish M-Score Historical Data

The historical data trend for The Crypto 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.

The Crypto Co Beneish M-Score Chart

The Crypto Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1,725.25 - - -13.40 -15.26

The Crypto Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.45 -13.32 -13.49 -15.26 -10.15

Competitive Comparison of The Crypto Co's Beneish M-Score

For the Information Technology Services subindustry, The Crypto 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.


The Crypto Co's Beneish M-Score Distribution in the Software Industry

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

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



The Crypto 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 The Crypto Co for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1+0.528 * 1.6116+0.404 * 1.0219+0.892 * 0.4099+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.8472+4.679 * -1.555982-0.327 * 1.1631
=-10.15

* 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.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Total Receivables was $0.00 Mil.
Revenue was 0.016 + 0.026 + 0.124 + 0.107 = $0.27 Mil.
Gross Profit was 0.014 + -0.039 + 0.109 + -0.011 = $0.07 Mil.
Total Current Assets was $0.04 Mil.
Total Assets was $1.30 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $2.50 Mil.
Total Current Liabilities was $5.51 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Net Income was -1.103 + -0.992 + -0.359 + -0.783 = $-3.24 Mil.
Non Operating Income was 0 + 0.003 + 0 + 0.026 = $0.03 Mil.
Cash Flow from Operations was -0.345 + -0.416 + -0.173 + -0.303 = $-1.24 Mil.
Total Receivables was $0.00 Mil.
Revenue was 0.157 + 0.104 + 0.253 + 0.152 = $0.67 Mil.
Gross Profit was 0.059 + 0.001 + 0.158 + 0.069 = $0.29 Mil.
Total Current Assets was $0.07 Mil.
Total Assets was $1.38 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.12 Mil.
Selling, General, & Admin. Expense(SGA) was $3.30 Mil.
Total Current Liabilities was $4.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 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 / 0.273) / (0 / 0.666)
=0 / 0
=1

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)
=(0.287 / 0.666) / (0.073 / 0.273)
=0.430931 / 0.267399
=1.6116

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) / 1.304) / (1 - (0.074 + 0) / 1.378)
=0.967025 / 0.946299
=1.0219

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
=0.273 / 0.666
=0.4099

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))
=(0.121 / (0.121 + 0)) / (0.044 / (0.044 + 0))
=1 / 1
=1

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)
=(2.498 / 0.273) / (3.299 / 0.666)
=9.150183 / 4.953453
=1.8472

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)
=((0.013 + 5.51) / 1.304) / ((0.139 + 4.879) / 1.378)
=4.235429 / 3.641509
=1.1631

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
=(-3.237 - 0.029 - -1.237) / 1.304
=-1.555982

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 Crypto Co has a M-score of -10.15 suggests that the company is unlikely to be a manipulator.


The Crypto Co Beneish M-Score Related Terms

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The Crypto Co (The Crypto Co) Business Description

Traded in Other Exchanges
N/A
Address
23823 Malibu Road, Suite 50477, Malibu, CA, USA, 90265
The Crypto Co is a United States-based company. It is engaged in the business of providing consulting services and education for distributed ledger technologies for the building of technological infrastructure and enterprise blockchain technology solutions.
Executives
Ron Levy 10 percent owner, officer: Chief Operating Officer P.O. BOX 44, PACIFIC PALISADES CA 90272
Jeffrey Berman director 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
Holly Ruxin director 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
Ivan Ivankovich officer: Chief Financial Officer 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
Anthony Strickland director 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
Redwood Fund Lp 10 percent owner 5023 N. PARKWAY CALABASAS, CALABASAS CA 91302
Michael Poutre director, 10 percent owner, officer: Chief Executive Officer 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
James Henry Gilbert 10 percent owner, officer: President 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265
Imperial Strategies, Llc 10 percent owner 5348 VEGAS DRIVE, SUITE 1548, LAS VEGAS NV 89108
Rafael Furst 10 percent owner 23805 STUART RANCH ROAD, SUITE 235, MALIBU CA 90265