Antiaging Quantum Living (Antiaging Quantum Living) Beneish M-Score : 0.00 (As of Apr. 24, 2024)

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Antiaging Quantum Living Beneish M-Score Definition

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 Antiaging Quantum Living's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Antiaging Quantum Living was 0.00. The lowest was 0.00. And the median was 0.00.

Antiaging Quantum Living Beneish M-Score Historical Data

The historical data trend for Antiaging Quantum Living'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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Antiaging Quantum Living Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Beneish M-Score

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Antiaging Quantum Living Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison

For the Advertising Agencies subindustry, Antiaging Quantum Living'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.

Antiaging Quantum Living Beneish M-Score Distribution

For the Media - Diversified industry and Communication Services sector, Antiaging Quantum Living's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Antiaging Quantum Living's Beneish M-Score falls into.

Antiaging Quantum Living 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 Antiaging Quantum Living 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 (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0.006 + 0 + 0.001 = $0.01 Mil.
Gross Profit was 0 + 0.006 + 0 + 0.001 = $0.01 Mil.
Total Current Assets was $0.22 Mil.
Total Assets was $1.01 Mil.
Property, Plant and Equipment(Net PPE) was $0.76 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.42 Mil.
Total Current Liabilities was $0.87 Mil.
Long-Term Debt & Capital Lease Obligation was $0.55 Mil.
Net Income was -0.262 + -0.097 + -0.024 + -0.03 = $-0.41 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.135 + -0.454 + -0.032 + -0.028 = $-0.65 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0.001 + 0.004 + 0.006 + 0.002 = $0.01 Mil.
Gross Profit was 0.001 + 0.004 + 0.006 + 0.002 = $0.01 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 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 $0.05 Mil.
Total Current Liabilities was $0.09 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)
	=	(0.002 / 0.007)	/	(0 / 0.013)
	=	0.285714	/	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)
	=	(0.013 / 0.013)	/	(0.007 / 0.007)
	=	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 - (0.224 + 0.756) / 1.012)	/	(1 - (0 + 0.001) / 0.001)
	=	0.031621	/	0
	=

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
	=	0.007	/	0.013
	=

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 + 0.001))	/	(0 / (0 + 0.756))
	=	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)
	=	(0.42 / 0.007)	/	(0.051 / 0.013)
	=	60	/	3.923077
	=

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)
	=	((0.554 + 0.871) / 1.012)	/	((0 + 0.087) / 0.001)
	=	1.408103	/	87
	=

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
	=	(-0.413 - 0	-	-0.649)	/	1.012
	=	0.233202

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.

Antiaging Quantum Living Beneish M-Score Related Terms

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Antiaging Quantum Living (Antiaging Quantum Living) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Antiaging Quantum Living Inc (OTCPK:AAQL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

133-27 39th Ave, Ths PH2A, Flushing, New York, NY, USA, 11354

Website

Antiaging Quantum Living Inc Formerly Achison Inc is engaged in the advertising business through its website in the New York area. Its current services focus on website development, maintenance, and promotion.The Company recognizes revenue from the display of impression-based advertisements in the contracted period in which the impressions are displayed.

Executives

New Living Ventures Llc	10 percent owner	133-27 39 AVE THS, #PH2A FLUSHING, NEW YORK NY 11354
Sophia 33, Inc.	10 percent owner	135-22 NORTHERN BLVD., 2ND FLOOR, FLUSHING NY 11354
Dingshan Zhang	director, 10 percent owner, officer: President	135-22 NORTHERN BLVD 2ND FL, FLUSHING NY 11354
Dazhong 368 Inc	10 percent owner	135-22 NORTHERN BLVD 2ND FL, FLUSHING NY 11354
Li Liuyan	director, 10 percent owner	3906 MAIN STREET, 207, FLUSHING NY 11354
Lansdale Inc	10 percent owner	3906 MAIN STREET, 207, FLUSHING NY 11354
Xie Wanjun	director, 10 percent owner, officer: President	3906 MAIN STREET, 207, FLUSHING NY 11354

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