Marijuana Company of America (Marijuana Company of America) Beneish M-Score : 0.00 (As of Apr. 27, 2024)

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What is Marijuana Company of America 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 Marijuana Company of America's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Marijuana Company of America was 0.00. The lowest was 0.00. And the median was 0.00.

Marijuana Company of America Beneish M-Score Historical Data

The historical data trend for Marijuana Company of America'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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Marijuana Company of America Beneish M-Score Chart

Marijuana Company of America Annual Data

Trend

Dec00

Dec01

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

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-15.22

-35.48

-16.03

3.14

Marijuana Company of America Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial															-5.13	3.14	7.71	1.55	-10.03

Competitive Comparison of Marijuana Company of America's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Marijuana Company of America'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.

Marijuana Company of America's Beneish M-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Marijuana Company of America's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Marijuana Company of America's Beneish M-Score falls into.

Marijuana Company of America 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 Marijuana Company of America 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 * 0.5871

0.528 * 0.6455

0.404 * 0.9742

0.892 * 2.6894

0.115 * 0.0668

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.2514

4.679 * -1.634371

0.327 * 3.6076

-10.03

This Year (Sep22) TTM:

Last Year (Sep21) TTM:

Total Receivables was $0.24 Mil.
Revenue was 0.142 + 0.259 + 0.561 + 0.536 = $1.50 Mil.
Gross Profit was 0.084 + 0.22 + 0.051 + 0.07 = $0.43 Mil.
Total Current Assets was $0.46 Mil.
Total Assets was $3.47 Mil.
Property, Plant and Equipment(Net PPE) was $0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.25 Mil.
Selling, General, & Admin. Expense(SGA) was $4.27 Mil.
Total Current Liabilities was $8.98 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -3.938 + -2.799 + -3.29 + -2.941 = $-12.97 Mil.
Non Operating Income was -2.284 + -1.063 + -1.208 + 0.302 = $-4.25 Mil.
Cash Flow from Operations was -0.122 + -0.957 + -0.678 + -1.29 = $-3.05 Mil.

Total Receivables was $0.15 Mil.
Revenue was 0.442 + 0.017 + 0.035 + 0.063 = $0.56 Mil.
Gross Profit was 0.064 + 0.014 + 0.01 + 0.014 = $0.10 Mil.
Total Current Assets was $0.74 Mil.
Total Assets was $6.09 Mil.
Property, Plant and Equipment(Net PPE) was $0.12 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $6.32 Mil.
Total Current Liabilities was $4.37 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)
	=	(0.24 / 1.498)	/	(0.152 / 0.557)
	=	0.160214	/	0.27289
	=	0.5871

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)
	=	(0.102 / 0.557)	/	(0.425 / 1.498)
	=	0.183124	/	0.283712
	=	0.6455

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 - (0.459 + 0.106) / 3.468)	/	(1 - (0.735 + 0.122) / 6.087)
	=	0.837082	/	0.859208
	=	0.9742

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
	=	1.498	/	0.557
	=	2.6894

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))
	=	(0.006 / (0.006 + 0.122))	/	(0.249 / (0.249 + 0.106))
	=	0.046875	/	0.701408
	=	0.0668

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)
	=	(4.271 / 1.498)	/	(6.318 / 0.557)
	=	2.851135	/	11.342908
	=	0.2514

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 + 8.982) / 3.468)	/	((0 + 4.37) / 6.087)
	=	2.589965	/	0.717923
	=	3.6076

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
	=	(-12.968 - -4.253	-	-3.047)	/	3.468
	=	-1.634371

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.

Marijuana Company of America has a M-score of -10.03 suggests that the company is unlikely to be a manipulator.

Marijuana Company of America Beneish M-Score Related Terms

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Marijuana Company of America (Marijuana Company of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Marijuana Company of America Inc (OTCPK:MCOA) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

633 West 5th Street, Suite 2826, Los Angeles, CA, USA, 90071

Website

http://www.marijuanacompanyofamerica.com

Marijuana Company of America Inc is a marijuana marketing and distribution company. Through its subsidiary, the company delivers all the benefits of industrial hemp-derived cannabinoid products to the world through its unique marketing and distribution platform through cDistro. It also provides turn-key services to the legal cannabis and hemp industry, as well as, strategically investing in synergistic companies to develop a diverse portfolio of subsidiaries and joint ventures that create value for our shareholders.

Executives

Jesus Quintero	director, 10 percent owner	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Themistocles Psomiadis	director	1420 MIDTOWN AVE, APT 407, MOUNT PLEASANT SC 29464
Donald J Steinberg	director, 10 percent owner, officer: President	3223 SUMAC ROAD, FALLBROOK CA 92028
Charles John Larsen	director, 10 percent owner	333 WASHINGTON BLVD., #386, MARINA DEL REY CA 90292
Hymers Iii R. Leslie	director, 10 percent owner, officer: Chief Financial Officer	520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071