GPACU (Global Partner Acquisition II) Beneish M-Score : 0.00 (As of Mar. 25, 2025)

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

During the past 4 years, the highest Beneish M-Score of Global Partner Acquisition II was 0.00. The lowest was 0.00. And the median was 0.00.

Global Partner Acquisition II Beneish M-Score Historical Data

The historical data trend for Global Partner 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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Global Partner Acquisition II Beneish M-Score Chart

Global Partner Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

Global Partner Acquisition II Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Global Partner Acquisition II's Beneish M-Score

For the Shell Companies subindustry, Global Partner 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.

Global Partner Acquisition II's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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

Global Partner 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 Global Partner 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 (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 $0.12 Mil.
Total Assets was $20.33 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 $6.24 Mil.
Total Current Liabilities was $10.05 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -2.459 + -3.286 + 0.39 + 2.122 = $-3.23 Mil.
Non Operating Income was -0.368 + -0.225 + 0.281 + 1.964 = $1.65 Mil.
Cash Flow from Operations was -0.481 + -0.296 + -0.06 + -0.052 = $-0.89 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 $0.21 Mil.
Total Assets was $41.21 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 $2.87 Mil.
Total Current Liabilities was $2.20 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 - (0.122 + 0) / 20.331)	/	(1 - (0.209 + 0) / 41.205)
	=	0.993999	/	0.994928
	=

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)
	=	(6.242 / 0)	/	(2.87 / 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 + 10.049) / 20.331)	/	((0 + 2.198) / 41.205)
	=	0.49427	/	0.053343
	=

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
	=	(-3.233 - 1.652	-	-0.889)	/	20.331
	=	-0.196547

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.

Global Partner Acquisition II Beneish M-Score Related Terms

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Global Partner Acquisition II Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue, 32nd Floor, New York, NY, USA, 10166

Website

https://www.gpac2.com

Global Partner Acquisition Corp II is a blank check company.

Executives

Chandra R Patel	officer: Chief Executive Officer	630 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10111
Graeme B Shaw	officer: Chief Technology Officer	630 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10111
Richard Charles Davis	officer: President	630 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10111
Jarett S Goldman	officer: Chief Financial Officer	GLOBAL PARTNER ACQUISITION CORP II, 7 RYE RIDGE PLAZA, SUITE 350, RYE BROOK NY 10573
Paul J Zepf	director, 10 percent owner, officer: CEO and Chairman	CORPORATE PARTNERS LP, 30 ROCKEFELLER PLAZA STE 5050, NEW YORK NY 10020
Global Partner Sponsor Ii Llc	10 percent owner	7 RYE RIDGE PLAZA, SUITE 350, RYE BROOOK NY 10573
David Apseloff	officer: Chief Financial Officer	7 RYE RIDGE PLAZA, SUITE 350, RYE BROOK NY 10573
Jay Ripley	director	7 RYE RIDGE PLAZA, SUITE 350, RYE BROOK NY 10573
James E. Mccann	director	7 RYE RIDGE PLAZA, SUITE 350, RYE BROOK NY 10573
William T Kerr	director	C/O MEREDITH CORP, 1716 LOCUST ST, DES MOINES IA 50309-3023
Gary T Dicamillo	director	888 WASHINGTON STREET, DEDHAM MA 02027
Claudia Hollingsworth	director	C/O MAJ INC, 115 S MACQUESTEN PKWY, MT VERNON NY 10550
Pano Anthos	director	81 WASHINGTON ST 2F, BROOKLYN NY 11201
D. Andrew Cook	director	C/O BLUE CAPITAL REINSURANCE HOLDINGS, 94 PITTS BAY RD, PEMBROKE D0 HM 08

Global Partner Acquisition II Headlines

From GuruFocus

Global Partner Acquisition Corp II Announces Redemption of Class A Ordinary Shares

By GlobeNewswire • 09-15-2023

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By GuruFocus News • 11-15-2024

Global Partner Acquisition Corp II Announces Redemption of Class A Ordinary Shares

By Marketwired • 09-15-2023

Stardust Power Inc. To Go Public Through Business Combination with Nasdaq Listed Global Partner Acquisition Corporation II

By Business Wire • 11-21-2023