Charlestowne Premium Beverages (Charlestowne Premium Beverages) Beneish M-Score : 0.00 (As of May. 08, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Charlestowne Premium Beverages 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 Charlestowne Premium Beverages's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Charlestowne Premium Beverages was 0.00. The lowest was 0.00. And the median was 0.00.

Charlestowne Premium Beverages Beneish M-Score Historical Data

The historical data trend for Charlestowne Premium Beverages'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.

Charlestowne Premium Beverages Beneish M-Score Chart

Charlestowne Premium Beverages Annual Data

Trend

Jan99

Jan00

Jan01

Jan02

Jan03

Jan04

Jan05

Jan06

Beneish M-Score

Get a 7-Day Free Trial

Charlestowne Premium Beverages Quarterly Data
	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Charlestowne Premium Beverages's Beneish M-Score

For the Beverages - Wineries & Distilleries subindustry, Charlestowne Premium Beverages'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.

Charlestowne Premium Beverages's Beneish M-Score Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Charlestowne Premium Beverages's Beneish M-Score distribution charts can be found below:

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

Charlestowne Premium Beverages 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 Charlestowne Premium Beverages 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 (Apr07) TTM:

Last Year (Apr06) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0.005 + 0.006 + 0.011 = $0.02 Mil.
Gross Profit was 0 + 0.001 + -0.014 + 0.005 = $-0.01 Mil.
Total Current Assets was $0.16 Mil.
Total Assets was $0.34 Mil.
Property, Plant and Equipment(Net PPE) was $0.14 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.74 Mil.
Selling, General, & Admin. Expense(SGA) was $1.27 Mil.
Total Current Liabilities was $2.38 Mil.
Long-Term Debt & Capital Lease Obligation was $1.00 Mil.
Net Income was -0.22 + -1.892 + 0.803 + 1.919 = $0.61 Mil.
Non Operating Income was 0.525 + -1.476 + 1.357 + 2.665 = $3.07 Mil.
Cash Flow from Operations was -0.143 + -0.09 + -0.249 + -0.374 = $-0.86 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 $0.64 Mil.
Total Assets was $0.88 Mil.
Property, Plant and Equipment(Net PPE) was $0.13 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.52 Mil.
Selling, General, & Admin. Expense(SGA) was $1.41 Mil.
Total Current Liabilities was $5.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.49 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)
	=	(0.001 / 0.022)	/	(0 / 0)
	=	0.045455	/
	=

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)	/	(-0.008 / 0.022)
	=		/	-0.363636
	=

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 - (0.156 + 0.136) / 0.338)	/	(1 - (0.639 + 0.132) / 0.875)
	=	0.136095	/	0.118857
	=

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
	=	0.022	/	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))
	=	(0.524 / (0.524 + 0.132))	/	(0.735 / (0.735 + 0.136))
	=	0.79878	/	0.843858
	=

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)
	=	(1.272 / 0.022)	/	(1.408 / 0)
	=	57.818182	/
	=

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)
	=	((0.999 + 2.38) / 0.338)	/	((0.491 + 5.21) / 0.875)
	=	9.997041	/	6.515429
	=

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
	=	(0.61 - 3.071	-	-0.856)	/	0.338
	=	-4.748521

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.

Charlestowne Premium Beverages Beneish M-Score Related Terms

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

Charlestowne Premium Beverages (Charlestowne Premium Beverages) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Charlestowne Premium Beverages Inc (OTCPK:FPWM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

2831 Street Rose Parkway, Suite 200 – 240, Henderson, NV, USA, 89052

Website

https://www.charlestownepremiumbeverages.com

Charlestowne Premium Beverages Inc a beverage company that develops, produces, markets and distributes lifestyle beverages, based on a model developed by CPS. It manages its beverage portfolio and is developing new technologies to expand CBD infusions across the alcoholic and non-alcoholic beverage sectors. PAPA Vodka is a CBD-infused vodka and the company's flagship product. The company's portfolio also includes other whiskeys and vodka. It combines various spirits expertise and grows in the CBD infused space and traditional alcoholic branded beverage market entrance experience. Revenue is earned from the sales of distilled spirits consulting.