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GRYP (Gryphon Digital Mining) Beneish M-Score : -6.79 (As of Mar. 19, 2025)


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What is Gryphon Digital Mining 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.

Good Sign:

Beneish M-Score -6.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Gryphon Digital Mining's Beneish M-Score or its related term are showing as below:

GRYP' s Beneish M-Score Range Over the Past 10 Years
Min: -6.79   Med: -6.79   Max: -6.79
Current: -6.79

During the past 3 years, the highest Beneish M-Score of Gryphon Digital Mining was -6.79. The lowest was -6.79. And the median was -6.79.


Gryphon Digital Mining Beneish M-Score Historical Data

The historical data trend for Gryphon Digital Mining'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.

Gryphon Digital Mining Beneish M-Score Chart

Gryphon Digital Mining Annual Data
Trend Dec21 Dec22 Dec23
Beneish M-Score
- - -

Gryphon Digital Mining Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -6.79

Competitive Comparison of Gryphon Digital Mining's Beneish M-Score

For the Capital Markets subindustry, Gryphon Digital Mining'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.


Gryphon Digital Mining's Beneish M-Score Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gryphon Digital Mining's Beneish M-Score falls into.



Gryphon Digital Mining 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 Gryphon Digital Mining for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.0039+0.528 * 1.9366+0.404 * 6.4583+0.892 * 0.8835+0.115 * -0.7712
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3689+4.679 * -0.848774-0.327 * 6.3447
=-6.79

* 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.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Total Receivables was $0.00 Mil.
Revenue was 3.689 + 5.515 + 7.49 + -9 = $7.69 Mil.
Gross Profit was 0.077 + 1.712 + 2.653 + -2.859 = $1.58 Mil.
Total Current Assets was $1.69 Mil.
Total Assets was $7.55 Mil.
Property, Plant and Equipment(Net PPE) was $4.74 Mil.
Depreciation, Depletion and Amortization(DDA) was $-1.55 Mil.
Selling, General, & Admin. Expense(SGA) was $14.52 Mil.
Total Current Liabilities was $26.41 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -5.948 + -4.009 + -11.744 + 6.041 = $-15.66 Mil.
Non Operating Income was -0.215 + 2.147 + -8.151 + 8.283 = $2.06 Mil.
Cash Flow from Operations was -1.586 + 0.201 + -0.983 + -8.952 = $-11.32 Mil.
Total Receivables was $0.29 Mil.
Revenue was 5.477 + 5.283 + 5.076 + -7.127 = $8.71 Mil.
Gross Profit was 1.495 + 2.46 + 2.339 + -2.824 = $3.47 Mil.
Total Current Assets was $3.58 Mil.
Total Assets was $22.62 Mil.
Property, Plant and Equipment(Net PPE) was $18.52 Mil.
Depreciation, Depletion and Amortization(DDA) was $11.15 Mil.
Selling, General, & Admin. Expense(SGA) was $12.01 Mil.
Total Current Liabilities was $12.48 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)
=(0.001 / 7.694) / (0.289 / 8.709)
=0.00013 / 0.033184
=0.0039

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)
=(3.47 / 8.709) / (1.583 / 7.694)
=0.398438 / 0.205745
=1.9366

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 - (1.688 + 4.737) / 7.545) / (1 - (3.584 + 18.519) / 22.623)
=0.148443 / 0.022985
=6.4583

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
=7.694 / 8.709
=0.8835

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))
=(11.148 / (11.148 + 18.519)) / (-1.552 / (-1.552 + 4.737))
=0.375771 / -0.487284
=-0.7712

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)
=(14.523 / 7.694) / (12.009 / 8.709)
=1.887575 / 1.378918
=1.3689

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 + 26.408) / 7.545) / ((0 + 12.48) / 22.623)
=3.500066 / 0.551651
=6.3447

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
=(-15.66 - 2.064 - -11.32) / 7.545
=-0.848774

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.

Gryphon Digital Mining has a M-score of -6.79 suggests that the company is unlikely to be a manipulator.


Gryphon Digital Mining Beneish M-Score Related Terms

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Gryphon Digital Mining Business Description

Traded in Other Exchanges
N/A
Address
5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110
Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).