LQAVF (Liquid Avatar Technologies) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


What is Liquid Avatar Technologies Beneish M-Score?

Liquid Avatar Technologies LQAVF -99.00% Beneish M-Score is 0.00 as of Jul. 01, 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 Liquid Avatar Technologies's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Liquid Avatar Technologies was 0.00. The lowest was 0.00. And the median was 0.00.

Liquid Avatar Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Liquid Avatar Technologies'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.

Liquid Avatar Technologies Beneish M-Score Chart

Liquid Avatar Technologies Annual Data
Trend Dec19 Dec20 Dec21
Beneish M-Score
0.00 0.00 0.00

Liquid Avatar Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -20.73 -14.12

LQAVF vs CRM, INTU, NOW: Beneish M-Score Comparison

For the Software - Application subindustry, Liquid Avatar Technologies'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.

Liquid Avatar Technologies Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Liquid Avatar Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Liquid Avatar Technologies's Beneish M-Score falls into.


Liquid Avatar Technologies 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 Liquid Avatar Technologies 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 * 29.7315+0.528 * 1+0.404 * 0.8751+0.892 * 0.0769+0.115 * 0.9552
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 14.1138+4.679 * -3.308833-0.327 * 9.7048
=2.49

* 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 (Sep22) TTM:Last Year (Sep21) TTM:
Total Receivables was $0.25 Mil.
Revenue was 0.001 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0.001 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $1.16 Mil.
Total Assets was $1.62 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.22 Mil.
Selling, General, & Admin. Expense(SGA) was $6.22 Mil.
Total Current Liabilities was $5.97 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -1.658 + -1.936 + -1.985 + -2.71 = $-8.29 Mil.
Non Operating Income was -0.071 + -0.02 + -0.002 + -0.004 = $-0.10 Mil.
Cash Flow from Operations was -0.506 + -0.166 + -0.394 + -1.769 = $-2.84 Mil.
 Total Receivables was $0.11 Mil.
Revenue was 0.004 + 0.009 + 0 + 0 = $0.01 Mil.
Gross Profit was 0.004 + 0.009 + 0 + 0 = $0.01 Mil.
Total Current Assets was $1.49 Mil.
Total Assets was $2.22 Mil.
Property, Plant and Equipment(Net PPE) was $0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.22 Mil.
Selling, General, & Admin. Expense(SGA) was $5.73 Mil.
Total Current Liabilities was $0.84 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)
=(0.247 / 0.001) / (0.108 / 0.013)
=247 / 8.307692
=29.7315

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)
=(0.013 / 0.013) / (0.001 / 0.001)
=1 / 1
=1

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 - (1.156 + 0.011) / 1.619) / (1 - (1.487 + 0.022) / 2.216)
=0.279185 / 0.319043
=0.8751

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
=0.001 / 0.013
=0.0769

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))
=(0.22 / (0.22 + 0.022)) / (0.217 / (0.217 + 0.011))
=0.909091 / 0.951754
=0.9552

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)
=(6.222 / 0.001) / (5.731 / 0.013)
=6222 / 440.846154
=14.1138

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 + 5.97) / 1.619) / ((0 + 0.842) / 2.216)
=3.687461 / 0.379964
=9.7048

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
=(-8.289 - -0.097 - -2.835) / 1.619
=-3.308833

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.

Liquid Avatar Technologies has a M-score of 2.49 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Liquid Avatar Technologies (LQAVF) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Liquid Avatar Technologies and its competitors.
Is Liquid Avatar Technologies' Beneish M-Score too high?
Liquid Avatar Technologies' current Beneish M-Score is 0.00.
How does Liquid Avatar Technologies' Beneish M-Score compare to CRM and INTU?
Liquid Avatar Technologies' Beneish M-Score of 0.00 can be compared against companies in the Software 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 Software company?
A good Beneish M-Score depends on the Software 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 Liquid Avatar Technologies and its competitors. Liquid Avatar Technologies'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 Liquid Avatar Technologies stock overvalued right now?
Liquid Avatar Technologies (LQAVF) 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 Liquid Avatar Technologies (LQAVF), the current Beneish M-Score is 0.00 as of Jul. 01, 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.

Liquid Avatar Technologies Business Description

Address 7030 Woodbine Avenue, Suite 500, Markham, ON, CAN, L3R 6G2
Liquid Avatar Technologies Inc focuses on verification, management and monetization of Digital ID, letting users control and benefit from engagements. The Liquid Avatar App allows users to create facets of their online ID giving control over the use of the data through its biometrically based SSI, using blockchain tech. At no cost to consumers, Liquid Avatar gains revenues through permission-based offers and services, such as KABN Visa Card, KABN KASH and other services and marketplace programs.