ITGMF (Augwind Energy Tech Storage) Beneish M-Score : 0.44 (As of Mar. 26, 2025)

View and export this data going back to 2013. Start your Free Trial

What is Augwind Energy Tech Storage 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.

Warning Sign:

Beneish M-Score 0.44 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Augwind Energy Tech Storage's Beneish M-Score or its related term are showing as below:

ITGMF' s Beneish M-Score Range Over the Past 10 Years
Min: -433.36 Med: -2.35 Max: 6.59
Current: 0.44

During the past 11 years, the highest Beneish M-Score of Augwind Energy Tech Storage was 6.59. The lowest was -433.36. And the median was -2.35.

Augwind Energy Tech Storage Beneish M-Score Historical Data

The historical data trend for Augwind Energy Tech Storage'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.

Augwind Energy Tech Storage Beneish M-Score Chart

Augwind Energy Tech Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

Get a 7-Day Free Trial

-21.17

2.43

-2.80

-0.47

0.44

Augwind Energy Tech Storage Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial															-3.87	-0.47	6.59	0.44	-433.36

Competitive Comparison of Augwind Energy Tech Storage's Beneish M-Score

For the Specialty Industrial Machinery subindustry, Augwind Energy Tech Storage'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.

Augwind Energy Tech Storage's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Augwind Energy Tech Storage's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Augwind Energy Tech Storage's Beneish M-Score falls into.

Augwind Energy Tech Storage 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 Augwind Energy Tech Storage 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 * 5.5961

0.528 * -1.1471

0.404 * 1.1072

0.892 * 0.5146

0.115 * 1.3934

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1907

4.679 * 0.039337

0.327 * 0.9322

0.44

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $1.10 Mil.
Revenue was $0.60 Mil.
Gross Profit was $0.26 Mil.
Total Current Assets was $18.46 Mil.
Total Assets was $20.57 Mil.
Property, Plant and Equipment(Net PPE) was $1.99 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.13 Mil.
Selling, General, & Admin. Expense(SGA) was $0.98 Mil.
Total Current Liabilities was $3.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.54 Mil.
Net Income was $-7.24 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-8.05 Mil.

Total Receivables was $0.38 Mil.
Revenue was $1.16 Mil.
Gross Profit was $-0.58 Mil.
Total Current Assets was $25.59 Mil.
Total Assets was $31.53 Mil.
Property, Plant and Equipment(Net PPE) was $5.78 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.89 Mil.
Selling, General, & Admin. Expense(SGA) was $1.60 Mil.
Total Current Liabilities was $2.89 Mil.
Long-Term Debt & Capital Lease Obligation was $3.05 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)
	=	(1.103 / 0.598)	/	(0.383 / 1.162)
	=	1.844482	/	0.329604
	=	5.5961

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)
	=	(-0.584 / 1.162)	/	(0.262 / 0.598)
	=	-0.502582	/	0.438127
	=	-1.1471

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 - (18.462 + 1.987) / 20.566)	/	(1 - (25.585 + 5.782) / 31.529)
	=	0.005689	/	0.005138
	=	1.1072

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
	=	0.598	/	1.162
	=	0.5146

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))
	=	(5.889 / (5.889 + 5.782))	/	(1.128 / (1.128 + 1.987))
	=	0.504584	/	0.362119
	=	1.3934

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)
	=	(0.978 / 0.598)	/	(1.596 / 1.162)
	=	1.635452	/	1.373494
	=	1.1907

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)
	=	((0.536 + 3.076) / 20.566)	/	((3.051 + 2.889) / 31.529)
	=	0.17563	/	0.188398
	=	0.9322

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
	=	(-7.244 - 0	-	-8.053)	/	20.566
	=	0.039337

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.

Augwind Energy Tech Storage has a M-score of 0.44 signals that the company is likely to be a manipulator.

Augwind Energy Tech Storage Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Augwind Energy Tech Storage's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Augwind Energy Tech Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Augwind Energy Tech Storage Ltd (OTCPK:ITGMF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

AUGN:Israel

Address

8 Pinhas Sapir Street, Rehovot Science Park, 3rd floor, Ness Ziona, ISR, 7414003

Website

https://www.aug-wind.com

Augwind Energy Tech Storage Ltd is an Israel based technology company. It is engaged in installing and maintaining operational compressed air storage units throughout Israel. The company offers its products to the electricity sector, solar farms, industrial plants, and wind farms.