HVCW (Harrison Vickers and Waterman) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Harrison Vickers and Waterman Beneish M-Score?

Harrison Vickers and Waterman HVCW -99.00% Beneish M-Score is 0.00 as of Jun. 26, 2026.

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 Harrison Vickers and Waterman's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Harrison Vickers and Waterman was 0.00. The lowest was 0.00. And the median was 0.00.

Harrison Vickers and Waterman Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Harrison Vickers and Waterman'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.

Harrison Vickers and Waterman Beneish M-Score Chart

Harrison Vickers and Waterman Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun19
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Harrison Vickers and Waterman Semi-Annual Data
Jun13 Jun14 Jun15 Jun16 Jun19
Beneish M-Score 0.00 0.00 0.00 0.00 0.00

HVCW vs IOUFF, GRVFF, STXMF: Beneish M-Score Comparison

For the Beverages - Brewers subindustry, Harrison Vickers and Waterman'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.

Harrison Vickers and Waterman Beneish M-Score vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harrison Vickers and Waterman's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Harrison Vickers and Waterman's Beneish M-Score falls into.


Harrison Vickers and Waterman 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 Harrison Vickers and Waterman 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+0.528 * 1.018+0.404 * 7.8673+0.892 * 1.0258+0.115 * 0.3597
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.4598+4.679 * -0.543919-0.327 * 3.7479
=-4.02

* 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 (Jun19) TTM:Last Year (Jun16) TTM:
Total Receivables was $0.00 Mil.
Revenue was $4.26 Mil.
Gross Profit was $3.03 Mil.
Total Current Assets was $0.39 Mil.
Total Assets was $3.26 Mil.
Property, Plant and Equipment(Net PPE) was $2.26 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.27 Mil.
Selling, General, & Admin. Expense(SGA) was $1.48 Mil.
Total Current Liabilities was $0.96 Mil.
Long-Term Debt & Capital Lease Obligation was $8.04 Mil.
Net Income was $-9.51 Mil.
Gross Profit was $-7.59 Mil.
Cash Flow from Operations was $-0.15 Mil.
 Total Receivables was $0.32 Mil.
Revenue was $4.15 Mil.
Gross Profit was $3.01 Mil.
Total Current Assets was $1.14 Mil.
Total Assets was $5.34 Mil.
Property, Plant and Equipment(Net PPE) was $4.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.16 Mil.
Selling, General, & Admin. Expense(SGA) was $3.13 Mil.
Total Current Liabilities was $2.36 Mil.
Long-Term Debt & Capital Lease Obligation was $1.58 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 / 4.258) / (0.322 / 4.151)
=0 / 0.077572
=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)
=(3.007 / 4.151) / (3.03 / 4.258)
=0.724404 / 0.711602
=1.018

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 - (0.394 + 2.257) / 3.256) / (1 - (1.139 + 4.07) / 5.335)
=0.185811 / 0.023618
=7.8673

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
=4.258 / 4.151
=1.0258

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))
=(0.161 / (0.161 + 4.07)) / (0.267 / (0.267 + 2.257))
=0.038052 / 0.105784
=0.3597

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)
=(1.475 / 4.258) / (3.127 / 4.151)
=0.346407 / 0.753312
=0.4598

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)
=((8.038 + 0.956) / 3.256) / ((1.576 + 2.356) / 5.335)
=2.762285 / 0.73702
=3.7479

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
=(-9.505 - -7.589 - -0.145) / 3.256
=-0.543919

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.

Harrison Vickers and Waterman has a M-score of -4.02 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Harrison Vickers and Waterman (HVCW) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Harrison Vickers and Waterman and its competitors.
Is Harrison Vickers and Waterman's Beneish M-Score too high?
Harrison Vickers and Waterman's current Beneish M-Score is 0.00.
How does Harrison Vickers and Waterman's Beneish M-Score compare to IOUFF and GRVFF?
Harrison Vickers and Waterman's Beneish M-Score of 0.00 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Beverages - Alcoholic company?
A good Beneish M-Score depends on the Beverages - Alcoholic industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Harrison Vickers and Waterman and its competitors. Harrison Vickers and Waterman's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harrison Vickers and Waterman stock overvalued right now?
Harrison Vickers and Waterman (HVCW) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Harrison Vickers and Waterman (HVCW), the current Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Harrison Vickers and Waterman Business Description

Address 5781 Schaefer Avenue, Suite C, Chino, CA, USA, 91710
Harrison Vickers and Waterman Inc is a shell company.