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HLYK (HealthLynked) Beneish M-Score : -5.56 (As of Dec. 14, 2024)


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What is HealthLynked 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 -5.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HLYK' s Beneish M-Score Range Over the Past 10 Years
Min: -33.63   Med: -3.14   Max: 19.18
Current: -5.56

During the past 8 years, the highest Beneish M-Score of HealthLynked was 19.18. The lowest was -33.63. And the median was -3.14.


HealthLynked Beneish M-Score Historical Data

The historical data trend for HealthLynked'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.

HealthLynked Beneish M-Score Chart

HealthLynked Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial - -2.76 -3.14 -3.05 0.27

HealthLynked Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.73 0.27 -3.59 -1.31 -5.56

Competitive Comparison of HealthLynked's Beneish M-Score

For the Medical Care Facilities subindustry, HealthLynked'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.


HealthLynked's Beneish M-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthLynked's Beneish M-Score distribution charts can be found below:

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



HealthLynked 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 HealthLynked 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 * 1.6335+0.528 * 1.0129+0.404 * 0.039+0.892 * 0.5357+0.115 * 1.2825
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4339+4.679 * -0.507977-0.327 * 2.3595
=-5.56

* 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 $1.69 Mil.
Revenue was 0.59 + 0.795 + 1.004 + 0.931 = $3.32 Mil.
Gross Profit was 0.558 + 0.77 + 0.974 + 0.896 = $3.20 Mil.
Total Current Assets was $1.82 Mil.
Total Assets was $2.76 Mil.
Property, Plant and Equipment(Net PPE) was $0.88 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.34 Mil.
Selling, General, & Admin. Expense(SGA) was $5.55 Mil.
Total Current Liabilities was $3.81 Mil.
Long-Term Debt & Capital Lease Obligation was $0.88 Mil.
Net Income was -1.973 + -1.54 + -1.388 + -1.286 = $-6.19 Mil.
Non Operating Income was -0.647 + -0.045 + -0.097 + -0.054 = $-0.84 Mil.
Cash Flow from Operations was -1.037 + -0.859 + -0.855 + -1.192 = $-3.94 Mil.
Total Receivables was $1.93 Mil.
Revenue was 1.333 + 1.703 + 1.755 + 1.406 = $6.20 Mil.
Gross Profit was 1.292 + 1.669 + 1.723 + 1.362 = $6.05 Mil.
Total Current Assets was $2.20 Mil.
Total Assets was $5.69 Mil.
Property, Plant and Equipment(Net PPE) was $0.84 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.47 Mil.
Selling, General, & Admin. Expense(SGA) was $7.23 Mil.
Total Current Liabilities was $3.36 Mil.
Long-Term Debt & Capital Lease Obligation was $0.74 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)
=(1.689 / 3.32) / (1.93 / 6.197)
=0.508735 / 0.311441
=1.6335

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)
=(6.046 / 6.197) / (3.198 / 3.32)
=0.975633 / 0.963253
=1.0129

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 - (1.824 + 0.884) / 2.758) / (1 - (2.202 + 0.841) / 5.689)
=0.018129 / 0.465108
=0.039

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
=3.32 / 6.197
=0.5357

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))
=(0.47 / (0.47 + 0.841)) / (0.343 / (0.343 + 0.884))
=0.358505 / 0.279544
=1.2825

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)
=(5.554 / 3.32) / (7.23 / 6.197)
=1.672892 / 1.166694
=1.4339

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)
=((0.884 + 3.807) / 2.758) / ((0.741 + 3.36) / 5.689)
=1.70087 / 0.720865
=2.3595

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
=(-6.187 - -0.843 - -3.943) / 2.758
=-0.507977

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.

HealthLynked has a M-score of -5.56 suggests that the company is unlikely to be a manipulator.


HealthLynked Beneish M-Score Related Terms

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HealthLynked Business Description

Traded in Other Exchanges
N/A
Address
1265 Creekside Parkway, Suite 302, Naples, FL, USA, 34108
HealthLynked Corp operates a cloud-based online personal medical information and records archiving system for patients and doctors to keep track of medical information via the Internet in a cloud-based system. It operates in three segments: Health Services, Digital Healthcare, and Medical Distribution. The majority of its revenue is generated from the Health Services segment, which is into operations of Naples Women's Center, Naples Center for Functional Medicine, and Bridging the Gap Physical Therapy.
Executives
Robert P Gasparini director 12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Daniel L. Hall director C/O HEALTHLYNKED CORP., 1035 COLLIER CENTER WAY SUITE 3, NAPLES FL 34110
Heather Monahan director 520 WEST AVE., #1704, MIAMI BEACH FL 33139
Paul Hobaica director 1265 CREEKSIDE PARKWAY, SUITE 302, NAPLES FL 34108
Robert P. Mino director 1072 LAKESHORE DR., JUPITER FL 33458
George O'leary director, officer: Chief Financial Officer C/O ISONICS CORPORATION, 5906 MCINTYRE STREET, GOLDEN CO 80403
Michael T Dent director, 10 percent owner, officer: Chief Executive Officer 12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913