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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.

* Premium members only.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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:

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 (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

Traded in Other Exchanges
N/A
Address
160, Yeouiseo-ro, Yeongdeungpo-gu, Seoul, KOR, 07231
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.

Global Interactive Technologies Headlines

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