EDTXU (EdtechX Holdings Acquisition II) Beneish M-Score : 0.00 (As of Mar. 24, 2025)

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

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

EdtechX Holdings Acquisition II Beneish M-Score Historical Data

The historical data trend for EdtechX Holdings Acquisition II'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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EdtechX Holdings Acquisition II Beneish M-Score Chart

EdtechX Holdings Acquisition II Annual Data

Trend

Jun20

Jun21

Jun22

Beneish M-Score

EdtechX Holdings Acquisition II Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Beneish M-Score	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of EdtechX Holdings Acquisition II's Beneish M-Score

For the Shell Companies subindustry, EdtechX Holdings Acquisition II'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.

EdtechX Holdings Acquisition II's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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

EdtechX Holdings Acquisition II 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 EdtechX Holdings Acquisition II 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 (Mar23) TTM:

Last Year (Mar22) 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 $0.28 Mil.
Total Assets was $3.20 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 $1.12 Mil.
Total Current Liabilities was $1.38 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.001 + 0.318 + 0.196 + 0.226 = $0.74 Mil.
Non Operating Income was 0.274 + 0.476 + 0.449 + 0.596 = $1.80 Mil.
Cash Flow from Operations was -0.144 + -0.299 + -0.19 + -0.471 = $-1.10 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 $0.35 Mil.
Total Assets was $117.21 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 $0.69 Mil.
Total Current Liabilities was $0.51 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 - (0.278 + 0) / 3.204)	/	(1 - (0.345 + 0) / 117.205)
	=	0.913233	/	0.997056
	=

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)
	=	(1.121 / 0)	/	(0.692 / 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 + 1.377) / 3.204)	/	((0 + 0.512) / 117.205)
	=	0.429775	/	0.004368
	=

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
	=	(0.741 - 1.795	-	-1.104)	/	3.204
	=	0.015605

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.

EdtechX Holdings Acquisition II Beneish M-Score Related Terms

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EdtechX Holdings Acquisition II Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o IBIS Capital Limited, 22 Soho Square, London, GBR, W1D 4NS

Website

EdtechX Holdings Acquisition Corp II is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Executives

A1 Capital Advisory Asia Ltd	10 percent owner	22 SOHO SQUARE, LONDON X0 W1D 4NS
Benjamin Vedrenne-cloquet	director, 10 percent owner, officer: Chief Executive Officer	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Charles Mcintyre	director, 10 percent owner, officer: Chairman and Chief Investment	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Ibis Capital Sponsor Ii Edtechx Llc	10 percent owner	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Ibis Capital Sponsor Ii Llc	10 percent owner	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Chamberlain Henry William Haywood	director	6 NEW ROAD, GREAT TEW, CHIPPING NORTON X0 OX7 4AG
Rory Henson	officer: Chief Financial Officer	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Michael Longoni	director	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Emma C. Davies	director	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS
Paula Olson	director	C/O IBIS CAPITAL LIMITED, 22 SOHO SQUARE, LONDON X0 W1D 4NS