LCAHU (Landcadia Holdings IV) Beneish M-Score : 0.00 (As of Dec. 16, 2024)

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

During the past 3 years, the highest Beneish M-Score of Landcadia Holdings IV was 0.00. The lowest was 0.00. And the median was 0.00.

Landcadia Holdings IV Beneish M-Score Historical Data

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

Landcadia Holdings IV Annual Data

Trend

Dec20

Dec21

Dec22

Beneish M-Score

Landcadia Holdings IV Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Landcadia Holdings IV's Beneish M-Score

For the Shell Companies subindustry, Landcadia Holdings IV'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.

Landcadia Holdings IV's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Landcadia Holdings IV's Beneish M-Score distribution charts can be found below:

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

Landcadia Holdings IV 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 Landcadia Holdings IV 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 (Sep23) TTM:

Last Year (Sep22) 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 $11.32 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 $0.88 Mil.
Total Current Liabilities was $3.20 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.218 + 0.01 + -1.639 + 4.015 = $2.60 Mil.
Non Operating Income was 0.417 + 0 + -1.25 + 1.042 = $0.21 Mil.
Cash Flow from Operations was -0.175 + -0.126 + -1.822 + -0.124 = $-2.25 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 $0.46 Mil.
Total Assets was $504.24 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 $2.18 Mil.
Total Current Liabilities was $2.64 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 - (0.191 + 0) / 11.321)	/	(1 - (0.463 + 0) / 504.235)
	=	0.983129	/	0.999082
	=

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)
	=	(0.877 / 0)	/	(2.178 / 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)
	=	((0 + 3.204) / 11.321)	/	((0 + 2.64) / 504.235)
	=	0.283014	/	0.005236
	=

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
	=	(2.604 - 0.209	-	-2.247)	/	11.321
	=	0.410034

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.

Landcadia Holdings IV Beneish M-Score Related Terms

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Landcadia Holdings IV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Landcadia Holdings IV Inc (NAS:LCAHU) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

1510 West Loop South, Houston, TX, USA, 77027

Website

Landcadia Holdings IV Inc is a blank check company.

Executives

Michael S Chadwick	director	3100 JP MORGAN CHASE TOWER, HOUSTON TX 77002
Nicholas Daraviras	officer: Vice President, Acquisitions	520 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Jefferies Financial Group Inc.	director, 10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
Tilman J Fertitta	10 percent owner	LANDRYS SEAFOOD RESTAURANTS INC, 1400 POST OAK BLVD STE 1010, HOUSTON TX 77056
Steven L Scheinthal	officer: VP, GC and Secretary	1510 W LOOP S, STE 800, HOUSTON TX 77027
Rick Liem	officer: VP and Chief Financial Officer	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Richard B Handler	director, officer: President	C/O JEFFERIES LLC, 520 MADISON AVE., NEW YORK NY 10022
Scott Joseph Kelly	director	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Dona Cornell	director	1510 WEST LOOP SOUTH, HOUSTON TX 77027
Tjf, Llc	10 percent owner	1510 WEST LOOP SOUTH, HOUSTON TX 77027

Landcadia Holdings IV Headlines

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