GWAYF (Greenway Greenhouse Cannabis) Beneish M-Score : 0.00 (As of Mar. 23, 2025)

View and export this data going back to 2022. Start your Free Trial

What is Greenway Greenhouse Cannabis 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 Greenway Greenhouse Cannabis's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Greenway Greenhouse Cannabis was -0.65. The lowest was -2.99. And the median was -1.82.

Greenway Greenhouse Cannabis Beneish M-Score Historical Data

The historical data trend for Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis Beneish M-Score Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Beneish M-Score

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial													-	-	-2.99	-	-

Competitive Comparison of Greenway Greenhouse Cannabis's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis'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.

Greenway Greenhouse Cannabis's Beneish M-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenway Greenhouse Cannabis's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Greenway Greenhouse Cannabis's Beneish M-Score falls into.

Greenway Greenhouse Cannabis 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 Greenway Greenhouse Cannabis 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 (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was $0.30 Mil.
Revenue was 1.177 + 1.334 + 1.747 + 1.095 = $5.35 Mil.
Gross Profit was 0.175 + -0.066 + 0.25 + -0.421 = $-0.06 Mil.
Total Current Assets was $3.22 Mil.
Total Assets was $22.19 Mil.
Property, Plant and Equipment(Net PPE) was $18.97 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.40 Mil.
Selling, General, & Admin. Expense(SGA) was $1.43 Mil.
Total Current Liabilities was $4.49 Mil.
Long-Term Debt & Capital Lease Obligation was $10.85 Mil.
Net Income was -0.474 + -0.771 + -0.395 + -0.985 = $-2.63 Mil.
Non Operating Income was -0.035 + 0 + 0 + 0.019 = $-0.02 Mil.
Cash Flow from Operations was -0.036 + 0.549 + 0.04 + -0.18 = $0.37 Mil.

Total Receivables was $0.64 Mil.
Revenue was 1.035 + 0.877 + 0.884 + 0.991 = $3.79 Mil.
Gross Profit was -0.08 + 0.06 + 0.196 + -0.873 = $-0.70 Mil.
Total Current Assets was $4.38 Mil.
Total Assets was $25.93 Mil.
Property, Plant and Equipment(Net PPE) was $21.54 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.01 Mil.
Selling, General, & Admin. Expense(SGA) was $2.03 Mil.
Total Current Liabilities was $4.33 Mil.
Long-Term Debt & Capital Lease Obligation was $11.72 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)
	=	(0.298 / 5.353)	/	(0.64 / 3.787)
	=	0.05567	/	0.168999
	=

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)
	=	(-0.697 / 3.787)	/	(-0.062 / 5.353)
	=	-0.184051	/	-0.011582
	=

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 - (3.222 + 18.971) / 22.193)	/	(1 - (4.384 + 21.544) / 25.928)
	=	0	/	0
	=

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
	=	5.353	/	3.787
	=

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))
	=	(1.009 / (1.009 + 21.544))	/	(1.404 / (1.404 + 18.971))
	=	0.044739	/	0.068908
	=

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)
	=	(1.43 / 5.353)	/	(2.03 / 3.787)
	=	0.26714	/	0.536044
	=

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)
	=	((10.85 + 4.492) / 22.193)	/	((11.722 + 4.331) / 25.928)
	=	0.691299	/	0.619138
	=

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
	=	(-2.625 - -0.016	-	0.373)	/	22.193
	=	-0.134367

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.

Greenway Greenhouse Cannabis Beneish M-Score Related Terms

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

Greenway Greenhouse Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (OTCPK:GWAYF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

GWAY:Canada

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.