Makamer Holdings (Makamer Holdings) Beneish M-Score : 0.00 (As of Apr. 29, 2024)

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What is Makamer Holdings 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 Makamer Holdings's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Makamer Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Makamer Holdings Beneish M-Score Historical Data

The historical data trend for Makamer Holdings'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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Makamer Holdings Beneish M-Score Chart

Makamer Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

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-3.81

-3.95

Makamer Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Beneish M-Score	Get a 7-Day Free Trial															-	-	-3.95	-3.98	-

Competitive Comparison of Makamer Holdings's Beneish M-Score

For the Grocery Stores subindustry, Makamer Holdings'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.

Makamer Holdings's Beneish M-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Makamer Holdings's Beneish M-Score distribution charts can be found below:

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

Makamer Holdings 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 Makamer Holdings 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 (Jun22) TTM:

Last Year (Jun21) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0.006 + 0.011 + 0.002 = $0.02 Mil.
Gross Profit was 0 + -0.011 + -0.012 + -0.006 = $-0.03 Mil.
Total Current Assets was $1.36 Mil.
Total Assets was $1.48 Mil.
Property, Plant and Equipment(Net PPE) was $0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $3.81 Mil.
Total Current Liabilities was $0.41 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Net Income was -8.966 + -0.162 + -0.097 + -0.104 = $-9.33 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.635 + -0.14 + -0.074 + -0.079 = $-0.93 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0.006 + 0.005 + 0.009 + 0.002 = $0.02 Mil.
Gross Profit was -0.001 + -0.002 + 0.001 + -0.001 = $-0.00 Mil.
Total Current Assets was $1.30 Mil.
Total Assets was $1.31 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.65 Mil.
Total Current Liabilities was $0.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 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 / 0.019)	/	(0 / 0.022)
	=	0	/	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)
	=	(-0.003 / 0.022)	/	(-0.029 / 0.019)
	=	-0.136364	/	-1.526316
	=

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 - (1.357 + 0.107) / 1.479)	/	(1 - (1.303 + 0.011) / 1.314)
	=	0.010142	/	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
	=	0.019	/	0.022
	=

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))
	=	(0.008 / (0.008 + 0.011))	/	(0.014 / (0.014 + 0.107))
	=	0.421053	/	0.115702
	=

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)
	=	(3.813 / 0.019)	/	(0.652 / 0.022)
	=	200.684211	/	29.636364
	=

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)
	=	((0.033 + 0.414) / 1.479)	/	((0.006 + 0.075) / 1.314)
	=	0.302231	/	0.061644
	=

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
	=	(-9.329 - 0	-	-0.928)	/	1.479
	=	-5.680189

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.

Makamer Holdings Beneish M-Score Related Terms

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Makamer Holdings (Makamer Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Makamer Holdings Inc (OTCPK:HWIN) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

2934 N. Beverly Glen Circle, Suite No 338, Los Angeles, CA, USA, 90077

Website

Hometown International Inc operates a delicatessen store. The company offers sandwiches, soups, salads, deli meats and cheeses, breads, rolls, hot and cold drinks, pastries, yogurt, and bagels.