The Planting Hope Co (The Planting Hope Co) Beneish M-Score : -6.79 (As of Jun. 09, 2024)

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What is The Planting Hope Co 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.

Good Sign:

Beneish M-Score -6.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for The Planting Hope Co's Beneish M-Score or its related term are showing as below:

MYLKF' s Beneish M-Score Range Over the Past 10 Years
Min: -6.79 Med: -6.79 Max: -6.79
Current: -6.79

During the past 2 years, the highest Beneish M-Score of The Planting Hope Co was -6.79. The lowest was -6.79. And the median was -6.79.

The Planting Hope Co Beneish M-Score Historical Data

The historical data trend for The Planting Hope Co'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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The Planting Hope Co Beneish M-Score Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Beneish M-Score

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial					-	-	-	-	-6.79

Competitive Comparison of The Planting Hope Co's Beneish M-Score

For the Packaged Foods subindustry, The Planting Hope Co'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.

The Planting Hope Co's Beneish M-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where The Planting Hope Co's Beneish M-Score falls into.

The Planting Hope Co 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 The Planting Hope Co 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 * 0.2746

0.528 * 1.1014

0.404 * 1.3075

0.892 * 1.4229

0.115 * 0.6837

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5971

4.679 * -0.868769

0.327 * 1.7941

-6.88

This Year (Sep23) TTM:

Last Year (Jun22) TTM:

Total Receivables was $0.67 Mil.
Revenue was 1.592 + 1.6 + 1.815 + 2.684 = $7.69 Mil.
Gross Profit was 0.431 + 1.6 + 0.218 + 0.344 = $2.59 Mil.
Total Current Assets was $2.64 Mil.
Total Assets was $7.86 Mil.
Property, Plant and Equipment(Net PPE) was $0.43 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.55 Mil.
Selling, General, & Admin. Expense(SGA) was $11.65 Mil.
Total Current Liabilities was $7.35 Mil.
Long-Term Debt & Capital Lease Obligation was $4.34 Mil.
Net Income was -2.712 + 0 + -3.238 + -4.996 = $-10.95 Mil.
Non Operating Income was 0.003 + 0 + 0.273 + -1.499 = $-1.22 Mil.
Cash Flow from Operations was 0 + 0 + -2.255 + -0.636 = $-2.89 Mil.

Total Receivables was $1.70 Mil.
Revenue was 2.5 + 2.001 + 0.254 + 0.65 = $5.41 Mil.
Gross Profit was 0.925 + 0.779 + 0.089 + 0.214 = $2.01 Mil.
Total Current Assets was $5.74 Mil.
Total Assets was $11.80 Mil.
Property, Plant and Equipment(Net PPE) was $0.56 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $13.71 Mil.
Total Current Liabilities was $9.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.45 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)
	=	(0.665 / 7.691)	/	(1.702 / 5.405)
	=	0.086465	/	0.314894
	=	0.2746

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)
	=	(2.007 / 5.405)	/	(2.593 / 7.691)
	=	0.371323	/	0.337147
	=	1.1014

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 - (2.635 + 0.43) / 7.864)	/	(1 - (5.738 + 0.555) / 11.801)
	=	0.610249	/	0.46674
	=	1.3075

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
	=	7.691	/	5.405
	=	1.4229

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))
	=	(0.346 / (0.346 + 0.555))	/	(0.551 / (0.551 + 0.43))
	=	0.384018	/	0.561672
	=	0.6837

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)
	=	(11.646 / 7.691)	/	(13.706 / 5.405)
	=	1.514237	/	2.5358
	=	0.5971

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)
	=	((4.342 + 7.346) / 7.864)	/	((0.446 + 9.33) / 11.801)
	=	1.486267	/	0.828404
	=	1.7941

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
	=	(-10.946 - -1.223	-	-2.891)	/	7.864
	=	-0.868769

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 Planting Hope Co has a M-score of -6.88 suggests that the company is unlikely to be a manipulator.

The Planting Hope Co Beneish M-Score Related Terms

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The Planting Hope Co (The Planting Hope Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (OTCPK:MYLKF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

J94:Germany MYLK:Canada

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.