GITS (Global Interactive Technologies) Beneish M-Score : 0.00 (As of Mar. 16, 2025)

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What is Global Interactive Technologies 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 Interactive Technologies's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Global Interactive Technologies was 5.89. The lowest was -2.79. And the median was 1.59.

Global Interactive Technologies Beneish M-Score Historical Data

The historical data trend for Global Interactive Technologies'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 Interactive Technologies Beneish M-Score Chart

Global Interactive Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

0.23

Global Interactive Technologies Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial									-2.79	0.23	2.94	5.89	-

Competitive Comparison of Global Interactive Technologies's Beneish M-Score

For the Internet Content & Information subindustry, Global Interactive Technologies'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 Interactive Technologies's Beneish M-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Global Interactive Technologies's Beneish M-Score distribution charts can be found below:

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

Global Interactive Technologies 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 Interactive Technologies 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 (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was $9.57 Mil.
Revenue was 0 + 0 + 0 + -0.186 = $-0.19 Mil.
Gross Profit was 0 + 0 + 0 + 0.259 = $0.26 Mil.
Total Current Assets was $17.16 Mil.
Total Assets was $19.42 Mil.
Property, Plant and Equipment(Net PPE) was $2.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.55 Mil.
Selling, General, & Admin. Expense(SGA) was $4.08 Mil.
Total Current Liabilities was $8.80 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.492 + -0.562 + -1.047 + -0.155 = $-2.26 Mil.
Non Operating Income was -0.191 + 0.004 + -0.025 + 2.14 = $1.93 Mil.
Cash Flow from Operations was -0.17 + -0.088 + -0.402 + -3.914 = $-4.57 Mil.

Total Receivables was $0.93 Mil.
Revenue was 0.715 + 0.266 + 0 + -0.476 = $0.51 Mil.
Gross Profit was 0.27 + 0.196 + 0 + -0.012 = $0.45 Mil.
Total Current Assets was $17.19 Mil.
Total Assets was $20.43 Mil.
Property, Plant and Equipment(Net PPE) was $2.77 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.49 Mil.
Selling, General, & Admin. Expense(SGA) was $9.16 Mil.
Total Current Liabilities was $6.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.78 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)
	=	(9.571 / -0.186)	/	(0.926 / 0.505)
	=		/	1.833663
	=

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)
	=	(0.454 / 0.505)	/	(0.259 / -0.186)
	=	0.89901	/
	=

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 - (17.156 + 2.019) / 19.416)	/	(1 - (17.19 + 2.765) / 20.43)
	=	0.012412	/	0.02325
	=

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
	=	-0.186	/	0.505
	=

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))
	=	(0.493 / (0.493 + 2.765))	/	(0.548 / (0.548 + 2.019))
	=	0.15132	/	0.213479
	=

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)
	=	(4.08 / -0.186)	/	(9.164 / 0.505)
	=		/	18.146535
	=

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 + 8.8) / 19.416)	/	((0.775 + 6.592) / 20.43)
	=	0.453234	/	0.360597
	=

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
	=	(-2.256 - 1.928	-	-4.574)	/	19.416
	=	0.020087

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 Interactive Technologies Beneish M-Score Related Terms

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Global Interactive Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Global Interactive Technologies Inc (NAS:GITS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

160, Yeouiseo-ro, Yeongdeungpo-gu, Seoul, KOR, 07231

Website

http://www.hanryuholdings.com

Global Interactive Technologies Inc, formerly Hanryu Holdings Inc is the creator of the engaging social media platform, FANTOO. Through FANTOO, it provides a multi-media platform for its users to interact with other like-minded users, share their appreciation of various types of entertainment and cultures, create their content, enjoy content, and engage in commerce.