CSUI (Cannabis Suisse) Beneish M-Score : -6.03 (As of Dec. 11, 2024)

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What is Cannabis Suisse 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 -6.03 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CSUI' s Beneish M-Score Range Over the Past 10 Years
Min: -191.39 Med: -6.03 Max: 20.3
Current: -6.03

During the past 9 years, the highest Beneish M-Score of Cannabis Suisse was 20.30. The lowest was -191.39. And the median was -6.03.

Cannabis Suisse Beneish M-Score Historical Data

The historical data trend for Cannabis Suisse'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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Cannabis Suisse Beneish M-Score Chart

Cannabis Suisse Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

May24

Beneish M-Score

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20.30

-191.39

-4.60

Cannabis Suisse Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-4.60	-6.03

Competitive Comparison of Cannabis Suisse's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Suisse'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.

Cannabis Suisse's Beneish M-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cannabis Suisse's Beneish M-Score distribution charts can be found below:

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

Cannabis Suisse 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 Cannabis Suisse 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 * 1

0.528 * 5.0526

0.404 * 0

0.892 * 1.6842

0.115 * 2.0784

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5161

4.679 * -1.269784

0.327 * 1.4818

-6.03

This Year (Aug24) TTM:

Last Year (Aug23) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0.008 + 0.008 + 0.008 + 0.008 = $0.03 Mil.
Gross Profit was 0.001 + -0.002 + 0.001 + 0.001 = $0.00 Mil.
Total Current Assets was $0.18 Mil.
Total Assets was $0.83 Mil.
Property, Plant and Equipment(Net PPE) was $0.66 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.27 Mil.
Total Current Liabilities was $0.24 Mil.
Long-Term Debt & Capital Lease Obligation was $2.48 Mil.
Net Income was -0.535 + -0.999 + -0.068 + -0.055 = $-1.66 Mil.
Non Operating Income was -0.552 + 0 + 0 + 0 = $-0.55 Mil.
Cash Flow from Operations was -0.005 + 0 + -0.023 + -0.018 = $-0.05 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0.008 + 0.008 + 0.003 + 0 = $0.02 Mil.
Gross Profit was 0.001 + 0.001 + 0.001 + 0 = $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.32 Mil.
Property, Plant and Equipment(Net PPE) was $0.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.31 Mil.
Total Current Liabilities was $0.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.31 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 / 0.032)	/	(0 / 0.019)
	=	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)
	=	(0.003 / 0.019)	/	(0.001 / 0.032)
	=	0.157895	/	0.03125
	=	5.0526

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 - (0.175 + 0.659) / 0.834)	/	(1 - (0.004 + 0.315) / 0.32)
	=	-0	/	0.003125
	=	0

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
	=	0.032	/	0.019
	=	1.6842

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))
	=	(0.004 / (0.004 + 0.315))	/	(0.004 / (0.004 + 0.659))
	=	0.012539	/	0.006033
	=	2.0784

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)
	=	(0.266 / 0.032)	/	(0.306 / 0.019)
	=	8.3125	/	16.105263
	=	0.5161

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)
	=	((2.478 + 0.237) / 0.834)	/	((0.313 + 0.39) / 0.32)
	=	3.255396	/	2.196875
	=	1.4818

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
	=	(-1.657 - -0.552	-	-0.046)	/	0.834
	=	-1.269784

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.

Cannabis Suisse has a M-score of -6.03 suggests that the company is unlikely to be a manipulator.

Cannabis Suisse Beneish M-Score Related Terms

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