CTHR (Charleslvard) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


What is Charleslvard Beneish M-Score?

Charleslvard CTHR Beneish M-Score is 0.00 as of Jun. 25, 2026.

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 Charleslvard's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Charleslvard was 0.00. The lowest was 0.00. And the median was 0.00.

Charleslvard Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Charleslvard'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.

Charleslvard Beneish M-Score Chart

Charleslvard Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.57 -0.84 -2.08 -3.96 -3.23

Charleslvard Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.16 -3.23 -3.11 -4.03 -3.72

CTHR vs LSEB, QSJC, OCG: Beneish M-Score Comparison

For the Luxury Goods subindustry, Charleslvard'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.

Charleslvard Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Charleslvard's Beneish M-Score distribution charts can be found below:

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


Charleslvard 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 Charleslvard 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 * 1.3016+0.528 * 0.249+0.404 * 1.5401+0.892 * 0.6649+0.115 * 0.7005
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0097+4.679 * -0.186669-0.327 * 1.4046
=-3.72

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $0.71 Mil.
Revenue was 4.049 + 4.629 + 3.233 + 3.836 = $15.75 Mil.
Gross Profit was 0.931 + 1.505 + 1.001 + -0.794 = $2.64 Mil.
Total Current Assets was $9.04 Mil.
Total Assets was $29.11 Mil.
Property, Plant and Equipment(Net PPE) was $3.37 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.83 Mil.
Selling, General, & Admin. Expense(SGA) was $13.15 Mil.
Total Current Liabilities was $9.48 Mil.
Long-Term Debt & Capital Lease Obligation was $0.54 Mil.
Net Income was -1.973 + -2.537 + -2.134 + -5.325 = $-11.97 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -2.833 + -1.106 + -1.288 + -1.309 = $-6.54 Mil.
 Total Receivables was $0.82 Mil.
Revenue was 5.262 + 7.906 + 4.953 + 5.564 = $23.69 Mil.
Gross Profit was 1.186 + 2.856 + 1.945 + -4.997 = $0.99 Mil.
Total Current Assets was $21.29 Mil.
Total Assets was $40.96 Mil.
Property, Plant and Equipment(Net PPE) was $4.42 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.71 Mil.
Selling, General, & Admin. Expense(SGA) was $19.59 Mil.
Total Current Liabilities was $8.62 Mil.
Long-Term Debt & Capital Lease Obligation was $1.42 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)
=(0.707 / 15.747) / (0.817 / 23.685)
=0.044897 / 0.034494
=1.3016

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)
=(0.99 / 23.685) / (2.643 / 15.747)
=0.041799 / 0.167841
=0.249

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 - (9.042 + 3.367) / 29.105) / (1 - (21.29 + 4.415) / 40.963)
=0.573647 / 0.372482
=1.5401

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
=15.747 / 23.685
=0.6649

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))
=(0.706 / (0.706 + 4.415)) / (0.825 / (0.825 + 3.367))
=0.137864 / 0.196803
=0.7005

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)
=(13.153 / 15.747) / (19.593 / 23.685)
=0.83527 / 0.827232
=1.0097

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)
=((0.535 + 9.482) / 29.105) / ((1.417 + 8.62) / 40.963)
=0.344168 / 0.245026
=1.4046

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
=(-11.969 - 0 - -6.536) / 29.105
=-0.186669

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.

Charleslvard has a M-score of -3.72 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Charleslvard (CTHR) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Charleslvard and its competitors.
Is Charleslvard's Beneish M-Score too high?
Charleslvard's current Beneish M-Score is 0.00.
How does Charleslvard's Beneish M-Score compare to LSEB and QSJC?
Charleslvard's Beneish M-Score of 0.00 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Charleslvard and its competitors. Charleslvard's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charleslvard stock overvalued right now?
Charleslvard (CTHR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Charleslvard (CTHR), the current Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Charleslvard Business Description

Address 170 Southport Drive, Morrisville, NC, USA, 27560
Charles & Colvard Ltd manufactures, markets, and distributes finished jewellery which also includes moissanite gemstone in the jewellery market. The company sells jewels through two operating segments namely Online Channels segment and Traditional segment. It generates maximum revenue from the Online Channels segment. Online Channels segment which consists of e-commerce outlets including charlesandcolvard.com, moissaniteoutlet.com, third-party online marketplaces, drop-ship retail, and other pure-play, exclusively e-commerce outlets.