Jaws Mustang Acquisition (Jaws Mustang Acquisition) Beneish M-Score : 0.00 (As of May. 16, 2024)

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What is Jaws Mustang Acquisition 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 Jaws Mustang Acquisition's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Jaws Mustang Acquisition was 0.00. The lowest was 0.00. And the median was 0.00.

Jaws Mustang Acquisition Beneish M-Score Historical Data

The historical data trend for Jaws Mustang Acquisition'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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Jaws Mustang Acquisition Beneish M-Score Chart

Jaws Mustang Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

Jaws Mustang Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Jaws Mustang Acquisition's Beneish M-Score

For the Shell Companies subindustry, Jaws Mustang Acquisition'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.

Jaws Mustang Acquisition's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jaws Mustang Acquisition's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jaws Mustang Acquisition's Beneish M-Score falls into.

Jaws Mustang Acquisition 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 Jaws Mustang Acquisition 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 (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.19 Mil.
Total Assets was $23.19 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.29 Mil.
Total Current Liabilities was $4.13 Mil.
Long-Term Debt & Capital Lease Obligation was $1.00 Mil.
Net Income was -0.495 + 1.198 + 2.211 + 2.407 = $5.32 Mil.
Non Operating Income was -0.696 + 1.38 + 2.234 + -1.022 = $1.90 Mil.
Cash Flow from Operations was -0.032 + -0.334 + -0.1 + -0.472 = $-0.94 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.15 Mil.
Total Assets was $1,050.47 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $4.20 Mil.
Total Current Liabilities was $3.80 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)	/	(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 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.19 + 0) / 23.194)	/	(1 - (0.148 + 0) / 1050.468)
	=	0.991808	/	0.999859
	=

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	/	0
	=

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 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(1.287 / 0)	/	(4.195 / 0)
	=		/
	=

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)
	=	((1 + 4.133) / 23.194)	/	((0 + 3.804) / 1050.468)
	=	0.221307	/	0.003621
	=

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
	=	(5.321 - 1.896	-	-0.938)	/	23.194
	=	0.188109

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.

Jaws Mustang Acquisition Beneish M-Score Related Terms

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Jaws Mustang Acquisition (Jaws Mustang Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Jaws Mustang Acquisition Corp (AMEX:JWSM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

JWSM.U:USA

Address

1601 Washington Avenue, Suite 800, Miami Beach, FL, USA, 33139

Website

Jaws Mustang Acquisition Corp is a blank check company. it is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business.

Executives

John J Legere	director	1672 GALLEON DR., NAPLES FL 34102
Barry S Sternlicht	director, 10 percent owner	STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
David Helfand	director	C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606
Elizabeth C Fascitelli	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Matthew Joseph Walters	officer: Chief Operating Officer	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Mustang Sponsor Llc	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Andrew Klaber	director, officer: Chief Executive Officer	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Michael Reidler	officer: Chief Financial Officer	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139

Jaws Mustang Acquisition (Jaws Mustang Acquisition) Headlines

From GuruFocus

Starwood Capital Entities Sign Letter of Intent to Create a Publicly-Listed, Growth Oriented Hospitality Company Through a Business Combination with Jaws Mustang Acquisition Corp

By PRNewswire • 03-08-2024