IMC (International Market Centers) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


What is International Market Centers Beneish M-Score?

International Market Centers IMC Beneish M-Score is 0.00 as of Jun. 27, 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 International Market Centers's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of International Market Centers was 0.00. The lowest was 0.00. And the median was 0.00.

International Market Centers Beneish M-Score Historical Data

* Premium members only.

The historical data trend for International Market Centers'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.

International Market Centers Beneish M-Score Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
Beneish M-Score
0.00 0.00 0.00

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
Beneish M-Score 0.00 0.00 0.00

IMC vs HMG, AIII, WHLR: Beneish M-Score Comparison

For the REIT - Retail subindustry, International Market Centers'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.

International Market Centers Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Beneish M-Score distribution charts can be found below:

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


International Market Centers 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 International Market Centers 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 * 0.8712+0.528 * 0.9683+0.404 * 0.8704+0.892 * 1.0812+0.115 * 1.1871
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0115+4.679 * -0.056998-0.327 * 1.0728
=-2.87

* 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 (Dec14) TTM:Last Year (Dec13) TTM:
Total Receivables was $32.32 Mil.
Revenue was $162.80 Mil.
Gross Profit was $102.37 Mil.
Total Current Assets was $68.75 Mil.
Total Assets was $788.61 Mil.
Property, Plant and Equipment(Net PPE) was $673.14 Mil.
Depreciation, Depletion and Amortization(DDA) was $54.15 Mil.
Selling, General, & Admin. Expense(SGA) was $29.41 Mil.
Total Current Liabilities was $27.35 Mil.
Long-Term Debt & Capital Lease Obligation was $533.68 Mil.
Net Income was $-29.55 Mil.
Gross Profit was $-12.53 Mil.
Cash Flow from Operations was $27.93 Mil.
 Total Receivables was $34.32 Mil.
Revenue was $150.58 Mil.
Gross Profit was $91.68 Mil.
Total Current Assets was $97.62 Mil.
Total Assets was $839.34 Mil.
Property, Plant and Equipment(Net PPE) was $684.58 Mil.
Depreciation, Depletion and Amortization(DDA) was $66.37 Mil.
Selling, General, & Admin. Expense(SGA) was $26.89 Mil.
Total Current Liabilities was $30.37 Mil.
Long-Term Debt & Capital Lease Obligation was $526.23 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)
=(32.321 / 162.801) / (34.315 / 150.576)
=0.198531 / 0.227892
=0.8712

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)
=(91.682 / 150.576) / (102.372 / 162.801)
=0.608875 / 0.628817
=0.9683

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 - (68.745 + 673.142) / 788.612) / (1 - (97.623 + 684.583) / 839.341)
=0.05925 / 0.068071
=0.8704

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
=162.801 / 150.576
=1.0812

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))
=(66.368 / (66.368 + 684.583)) / (54.148 / (54.148 + 673.142))
=0.088379 / 0.074452
=1.1871

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)
=(29.41 / 162.801) / (26.893 / 150.576)
=0.18065 / 0.178601
=1.0115

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)
=((533.68 + 27.349) / 788.612) / ((526.228 + 30.373) / 839.341)
=0.711413 / 0.66314
=1.0728

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
=(-29.551 - -12.533 - 27.931) / 788.612
=-0.056998

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.

International Market Centers has a M-score of -2.87 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?
International Market Centers (IMC) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on International Market Centers and its competitors.
Is International Market Centers' Beneish M-Score too high?
International Market Centers' current Beneish M-Score is 0.00.
How does International Market Centers' Beneish M-Score compare to HMG and AIII?
International Market Centers' Beneish M-Score of 0.00 can be compared against companies in the REITs 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 REITs company?
A good Beneish M-Score depends on the REITs 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 International Market Centers and its competitors. International Market Centers'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 International Market Centers stock overvalued right now?
International Market Centers (IMC) 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 International Market Centers (IMC), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.