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GTAC (Global Technology Acquisition I) Beneish M-Score : 0.00 (As of Jan. 18, 2025)


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

During the past 3 years, the highest Beneish M-Score of Global Technology Acquisition I was 0.00. The lowest was 0.00. And the median was 0.00.

Global Technology Acquisition I Beneish M-Score Historical Data

The historical data trend for Global Technology Acquisition I'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.

Global Technology Acquisition I Beneish M-Score Chart

Global Technology Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
Beneish M-Score
- - -

Global Technology Acquisition I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Global Technology Acquisition I's Beneish M-Score

For the Shell Companies subindustry, Global Technology Acquisition I'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 Technology Acquisition I's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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


Global Technology Acquisition I 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 Technology Acquisition I 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jun24) TTM:Last Year (Jun23) 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 $0.72 Mil.
Total Assets was $24.34 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 $4.11 Mil.
Total Current Liabilities was $4.20 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -3.191 + 0 + 0.152 + 0.677 = $-2.36 Mil.
Non Operating Income was -0.08 + 0 + 0 + 0.615 = $0.54 Mil.
Cash Flow from Operations was -1.043 + -0.195 + -0.383 + -0.141 = $-1.76 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 $0.38 Mil.
Total Assets was $22.75 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 $0.92 Mil.
Total Current Liabilities was $0.14 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 - (0.715 + 0) / 24.341) / (1 - (0.379 + 0) / 22.749)
=0.970626 / 0.98334
=

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)
=(4.108 / 0) / (0.923 / 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 + 4.202) / 24.341) / ((0 + 0.136) / 22.749)
=0.172631 / 0.005978
=

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
=(-2.362 - 0.535 - -1.762) / 24.341
=-0.046629

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 Technology Acquisition I Beneish M-Score Related Terms

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Global Technology Acquisition I Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Technology Acquisition Corp I (NAS:GTAC) » Definitions » Beneish M-Score
Comparable Companies
RFAC ARTE HPLT GGAAF AEAE CREEF SWSS NUBI IGTA HNRA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
o/o CO Services Cayman Limited, P.O. Box 10008, Willow House, Cricket Square, Grand Cayman, CYM, KY1-1001
Website
https://www.gtac.io
Global Technology Acquisition Corp I is a blank check company.
Executives
Ainslie Lee S Iii 10 percent owner
Maverick Long Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Long Enhanced Fund, Ltd. 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Fund Usa Ltd 10 percent owner
Maverick Fund Ii Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, BOX 309, UGLAND HOUSE, SOUTH CHURCH ST., GRAND CAYMAN E9 KY1-1104
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Aleksander Baranski officer: See remarks C/O GLOBAL TECHNOLOGY ACQUISITION CORP., 19 W 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Lp 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Global Technology Acquisition I Sponsor Gp Ltd 10 percent owner 19 WEST 24TH ST., 10TH FLOOR, NEW YORK NY 10010
Juan Villalonga director 601 N FARING RD, LOS ANGELES CA 90077
Claudia Gast director, officer: CFO & Secretary C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeffrey Stewart Weinstein officer: Chief Strategy Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Fabrice Grinda director C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Arnau Porto Dolc director, officer: Chief Executive Officer C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010