DUET Acquisition (DUET Acquisition) Beneish M-Score : 0.00 (As of May. 29, 2024)

View and export this data going back to 2022. Start your Free Trial

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

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

DUET Acquisition Beneish M-Score Historical Data

The historical data trend for DUET 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.

* Premium members only.

DUET Acquisition Beneish M-Score Chart

DUET Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

DUET Acquisition Quarterly Data
	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of DUET Acquisition's Beneish M-Score

For the Shell Companies subindustry, DUET 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.

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

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

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

DUET 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 DUET 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 $0.02 Mil.
Total Assets was $14.47 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 $0.00 Mil.
Total Current Liabilities was $5.55 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.133 + 0.217 + 0.165 + -0.385 = $0.13 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.19 + -0.13 + -0.193 + -0.151 = $-0.66 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 $0.23 Mil.
Total Assets was $89.52 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 $0.62 Mil.
Total Current Liabilities was $1.40 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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 - (0.017 + 0) / 14.465)	/	(1 - (0.231 + 0) / 89.519)
	=	0.998825	/	0.99742
	=

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 / 0)	/	(0.615 / 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 + 5.552) / 14.465)	/	((0 + 1.401) / 89.519)
	=	0.383823	/	0.01565
	=

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
	=	(0.13 - 0	-	-0.664)	/	14.465
	=	0.054891

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.

DUET Acquisition Beneish M-Score Related Terms

Thank you for viewing the detailed overview of DUET Acquisition's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

DUET Acquisition (DUET Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

V03, Lingkaran SV, Sunway Velocity, V03-11-02, Designer Office, Kuala Lumpur, MYS, 55100

Website

https://www.duet-corp.com

DUET Acquisition Corp is a blank check company.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Duet Partners Llc	10 percent owner	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Tian Huat Lim	director	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Keat Hin Lee	officer: Chief Financial Officer	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Chia Peter Chon Hian	director	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Lai Oon Yeoh	officer: Co-Chief Executive Officer	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Dharmendra Magasvaran	officer: Co-Chief Executive Officer	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Hendrik Stoel	director	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100
Gan Larry Nyap Liou	director	V03-11-02, DESIGNER OFFICE, V03, LINGKARAN SV, SUNWAY VELOCITY, KUALA LUMPUR N8 55100

DUET Acquisition (DUET Acquisition) Headlines

From GuruFocus

DUET Acquisition Corp. Intends to Combine with Fenix 360 Pte Ltd., to Create a Global Social Media Platform

By Marketwired • 07-06-2023

DUET Acquisition Corp. Announces Charter and Trust Agreement Amendments and Extension of Deadline to Complete a Business Combination to May 24, 2023.

By sperokesalga sperokesalga • 04-24-2023

AnyTech365, a Leader in IT Security and Support, to Go Public Through Merger with DUET Acquisition Corp.

By Business Wire Business Wire • 07-25-2022

DUET Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Over-Allotment Option

By GuruFocusNews GuruFocusNews • 01-24-2022

Fenix 360 Pte Ltd. To Go Public Through Merger With DUET Acquisition Corp. to Create a Global Social Media Platform

By GlobeNewswire • 11-28-2023