NICH (Nitches) Beneish M-Score: 0.00 (As of Jun. 29, 2026)

What is Nitches Beneish M-Score?

Nitches NICH +25.00% 12 Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus rates NICH with a GF Score™ of 12/100.

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 Nitches's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Nitches was 0.00. The lowest was 0.00. And the median was 0.00.

Nitches Beneish M-Score Related Terms

Nitches Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nitches'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.

Nitches Beneish M-Score Chart

Nitches Annual Data

Trend

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug22

Aug23

Aug24

Beneish M-Score

Get a 7-Day Free Trial

30.14

-1.92

125.21

-87.30

0.00

Nitches Quarterly Data
	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Beneish M-Score	Get a 7-Day Free Trial															-87.30	0.00	-46.26	-31.29	0.00

NICH vs DLAPQ, RL, LEVI: Beneish M-Score Comparison

For the Apparel Manufacturing subindustry, Nitches'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.

Nitches Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitches's Beneish M-Score distribution charts can be found below:

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

Save Embed

12GF Score

Nitches Inc NICH

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Nitches 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 Nitches 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 * 1

0.528 * 0.1267

0.404 * 0

0.892 * 1.25

0.115 * 0.6667

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8588

4.679 * -13.09375

0.327 * 15.6036

-69.18

This Year (Aug24) TTM:

Last Year (Aug23) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0.005 + 0 = $0.01 Mil.
Gross Profit was -0.152 + -0.001 + 0.003 + 0.002 = $-0.15 Mil.
Total Current Assets was $0.06 Mil.
Total Assets was $0.06 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 $0.45 Mil.
Total Current Liabilities was $2.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -1.248 + 0.16 + -1.769 + -0.198 = $-3.06 Mil.
Non Operating Income was -2.175 + 0.886 + -0.673 + 0.115 = $-1.85 Mil.
Cash Flow from Operations was -0.344 + -0.107 + 0.148 + -0.067 = $-0.37 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0.001 + 0.001 + 0.002 = $0.00 Mil.
Gross Profit was -0.005 + -0.005 + -0.007 + 0.002 = $-0.02 Mil.
Total Current Assets was $0.14 Mil.
Total Assets was $0.18 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.42 Mil.
Total Current Liabilities was $0.42 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 / 0.005)	/	(0 / 0.004)
	=	0	/	0
	=	1

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)
	=	(-0.015 / 0.004)	/	(-0.148 / 0.005)
	=	-3.75	/	-29.6
	=	0.1267

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 - (0.062 + 0.002) / 0.064)	/	(1 - (0.144 + 0.005) / 0.179)
	=	0	/	0.167598
	=	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
	=	0.005	/	0.004
	=	1.25

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))
	=	(0.004 / (0.004 + 0.005))	/	(0.004 / (0.004 + 0.002))
	=	0.444444	/	0.666667
	=	0.6667

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)
	=	(0.453 / 0.005)	/	(0.422 / 0.004)
	=	90.6	/	105.5
	=	0.8588

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 + 2.332) / 0.064)	/	((0 + 0.418) / 0.179)
	=	36.4375	/	2.335196
	=	15.6036

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
	=	(-3.055 - -1.847	-	-0.37)	/	0.064
	=	-13.09375

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.

Nitches has a M-score of -69.18 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Nitches (NICH) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nitches and its competitors.

Is Nitches' Beneish M-Score too high?

Nitches' current Beneish M-Score is 0.00. Overall, Nitches has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Nitches' Beneish M-Score compare to DLAPQ and RL?

Nitches' Beneish M-Score of 0.00 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?

A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Nitches and its competitors. Nitches'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 Nitches stock overvalued right now?

Nitches (NICH) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Nitches' overall GF Score™ is 12/100. 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 Nitches (NICH), the current Beneish M-Score is 0.00 as of Jun. 29, 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.

Nitches Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies DLAPQ OSTO:HM B MIL:MONC RL LEVI WAR:LPP TSX:GIL VFC HKSE:03998 PVH BOM:532827 SHSE:600177 TPE:1476 SHSE:600398 COLM KTB NSE:ABFRL BOM:543463 UAA XTER:BOSS

Address 1333 North Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128

Website http://www.nitchescorp.com

Nitches Inc is a company engaged in the production and distribution of household goods, lifestyle products, travel and leisure items, sports goods, and clothing. The company works with retailers to develop clothing lines and also develops its own lines under multiple registered trademarks. Majority of its clothing products are manufactured overseas and imported in bulk for sorting, packing, and distribution in the United States. Nitches serves a wide retail network, including department stores and specialty retailers, and generates revenue prominently through wholesale distribution of its apparel and related goods. The company white-labels its manufactured products under the brand names of Social Media Partners and distributes them in an online department store.

12GF Score

Get the complete analysis for NICH

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00

Price

View NICH Analysis

See Beneish M-Score data for all stocks →