Uranerz Energy (FRA:U9E) Beneish M-Score : 0.00 (As of Jun. 23, 2024)

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

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

Uranerz Energy Beneish M-Score Historical Data

The historical data trend for Uranerz Energy'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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Uranerz Energy Beneish M-Score Chart

Uranerz Energy Annual Data

Trend

Dec05

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Dec10

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Dec14

Beneish M-Score

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Uranerz Energy Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Uranerz Energy's Beneish M-Score

For the Other Industrial Metals & Mining subindustry, Uranerz Energy'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.

Uranerz Energy's Beneish M-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Uranerz Energy's Beneish M-Score distribution charts can be found below:

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

Uranerz Energy 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 Uranerz Energy 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 (Mar15) TTM:

Last Year (Mar14) TTM:

Total Receivables was €3.14 Mil.
Revenue was 3.142 + 4.953 + 3.026 + 0 = €11.12 Mil.
Gross Profit was 1.376 + 1.921 + 1.105 + -1.744 = €2.66 Mil.
Total Current Assets was €10.84 Mil.
Total Assets was €14.06 Mil.
Property, Plant and Equipment(Net PPE) was €0.75 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.10 Mil.
Selling, General, & Admin. Expense(SGA) was €6.83 Mil.
Total Current Liabilities was €5.20 Mil.
Long-Term Debt & Capital Lease Obligation was €15.13 Mil.
Net Income was -3.932 + -1.459 + -0.632 + -3.279 = €-9.30 Mil.
Non Operating Income was 0 + 0 + 0 + 0.001 = €0.00 Mil.
Cash Flow from Operations was -0.513 + -2.212 + -3.494 + -2.902 = €-9.12 Mil.

Total Receivables was €0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = €0.00 Mil.
Gross Profit was 0 + 0 + 0 + -1.273 = €-1.27 Mil.
Total Current Assets was €5.82 Mil.
Total Assets was €8.45 Mil.
Property, Plant and Equipment(Net PPE) was €0.57 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.15 Mil.
Selling, General, & Admin. Expense(SGA) was €5.13 Mil.
Total Current Liabilities was €1.35 Mil.
Long-Term Debt & Capital Lease Obligation was €13.95 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)
	=	(3.142 / 11.121)	/	(0 / 0)
	=	0.282529	/
	=

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)
	=	(-1.273 / 0)	/	(2.658 / 11.121)
	=		/	0.239007
	=

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 - (10.836 + 0.753) / 14.055)	/	(1 - (5.815 + 0.568) / 8.45)
	=	0.175454	/	0.244615
	=

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
	=	11.121	/	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))
	=	(0.145 / (0.145 + 0.568))	/	(0.102 / (0.102 + 0.753))
	=	0.203366	/	0.119298
	=

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)
	=	(6.827 / 11.121)	/	(5.131 / 0)
	=	0.613884	/
	=

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)
	=	((15.134 + 5.204) / 14.055)	/	((13.951 + 1.348) / 8.45)
	=	1.44703	/	1.810533
	=

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
	=	(-9.302 - 0.001	-	-9.121)	/	14.055
	=	-0.012949

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.

Uranerz Energy Beneish M-Score Related Terms

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Uranerz Energy (FRA:U9E) Business Description

Industry

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Address

Website

http://www.uranerz.com

Uranerz Energy Corp was incorporated under the laws of the State of Nevada on May 26, 1999. On July 5, 2005, it changed its name from Carleton Ventures Corp. to Uranerz Energy Corporation. The Company is an exploration stage company engaged in the acquisition, exploration and, if warranted, development of uranium properties. It is a United States based uranium company focused on constructing an in-situ recovery uranium facility. ISR is a mining process that uses a leaching solution to extract uranium from underground sandstone-hosted uranium deposits, it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming. It is principally focused on the exploitation of its properties in the Powder River Basin. The commercial use of uranium is to fuel nuclear power plants for the generation of electricity. All the uranium produced from its mines will be used to generate electricity. The Company competes with other mining and exploration companies in connection with the acquisition of uranium mineral properties and the equipment, materials and personnel necessary to explore and develop such properties. Its exploration and production activities are subject to certain federal and state laws and regulations relating to environmental quality and pollution control.

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