Daybreak Oil & Gas (Daybreak Oil & Gas) Beneish M-Score : 0.00 (As of May. 03, 2024)

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What is Daybreak Oil & Gas 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 Daybreak Oil & Gas's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Daybreak Oil & Gas was 0.00. The lowest was 0.00. And the median was 0.00.

Daybreak Oil & Gas Beneish M-Score Historical Data

The historical data trend for Daybreak Oil & Gas'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.

Daybreak Oil & Gas Beneish M-Score Chart

Daybreak Oil & Gas Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Beneish M-Score

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49.98

-6.65

-2.35

-4.53

102.48

Daybreak Oil & Gas Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Beneish M-Score	Get a 7-Day Free Trial															-4.53	3.91	3.94	4.49	102.48

Competitive Comparison of Daybreak Oil & Gas's Beneish M-Score

For the Oil & Gas E&P subindustry, Daybreak Oil & Gas'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.

Daybreak Oil & Gas's Beneish M-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Daybreak Oil & Gas's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Daybreak Oil & Gas's Beneish M-Score falls into.

Daybreak Oil & Gas 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 Daybreak Oil & Gas 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 * 1.0066

0.528 * 189.8757

0.404 * 11.3148

0.892 * 2.3735

0.115 * 0.9425

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7003

4.679 * -0.107194

0.327 * 0.1208

102.48

This Year (Feb23) TTM:

Last Year (Feb22) TTM:

Total Receivables was $0.49 Mil.
Revenue was 0.359 + 0.466 + 0.541 + 0.248 = $1.61 Mil.
Gross Profit was -0.293 + 0.018 + 0.105 + 0.175 = $0.01 Mil.
Total Current Assets was $1.15 Mil.
Total Assets was $7.72 Mil.
Property, Plant and Equipment(Net PPE) was $5.13 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.50 Mil.
Selling, General, & Admin. Expense(SGA) was $1.00 Mil.
Total Current Liabilities was $3.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.12 Mil.
Net Income was -0.741 + -0.265 + -0.25 + -1.173 = $-2.43 Mil.
Non Operating Income was -0.199 + -0.061 + 0 + -1.026 = $-1.29 Mil.
Cash Flow from Operations was 0.284 + -0.007 + -0.46 + -0.133 = $-0.32 Mil.

Total Receivables was $0.20 Mil.
Revenue was 0.175 + 0.189 + 0.169 + 0.147 = $0.68 Mil.
Gross Profit was 0.103 + 0.108 + 0.102 + 0.087 = $0.40 Mil.
Total Current Assets was $0.42 Mil.
Total Assets was $0.98 Mil.
Property, Plant and Equipment(Net PPE) was $0.54 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.05 Mil.
Selling, General, & Admin. Expense(SGA) was $0.60 Mil.
Total Current Liabilities was $3.41 Mil.
Long-Term Debt & Capital Lease Obligation was $0.13 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)
	=	(0.485 / 1.614)	/	(0.203 / 0.68)
	=	0.300496	/	0.298529
	=	1.0066

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)
	=	(0.4 / 0.68)	/	(0.005 / 1.614)
	=	0.588235	/	0.003098
	=	189.8757

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 - (1.154 + 5.13) / 7.715)	/	(1 - (0.417 + 0.543) / 0.976)
	=	0.185483	/	0.016393
	=	11.3148

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
	=	1.614	/	0.68
	=	2.3735

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))
	=	(0.05 / (0.05 + 0.543))	/	(0.504 / (0.504 + 5.13))
	=	0.084317	/	0.089457
	=	0.9425

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)
	=	(1.004 / 1.614)	/	(0.604 / 0.68)
	=	0.622057	/	0.888235
	=	0.7003

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)
	=	((0.119 + 3.254) / 7.715)	/	((0.127 + 3.405) / 0.976)
	=	0.4372	/	3.618852
	=	0.1208

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
	=	(-2.429 - -1.286	-	-0.316)	/	7.715
	=	-0.107194

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.

Daybreak Oil & Gas has a M-score of 102.48 signals that the company is likely to be a manipulator.

Daybreak Oil & Gas Beneish M-Score Related Terms

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Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Daybreak Oil & Gas Inc (OTCPK:DBRM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212

Website

https://www.daybreakoilandgas.com

Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.

Executives

Gaelic Resources Ltd	10 percent owner	14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland	director, 10 percent owner, officer: President & CEO	1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara	director	C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey	director	1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc	10 percent owner	152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson	director	601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams	officer: Corporate Secretary	DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe	other: Spouse of director	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper	10 percent owner	1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson	officer: Chief Operating Officer	1023 E 760 S, OREM UT 84097
Eric Moe	officer: Chief Executive Officer	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin	director, officer: President	621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin	director, officer: Secretary	320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter	director	161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

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