Namliong SkyCosmos (Namliong SkyCosmos) Beneish M-Score : 0.00 (As of Jun. 09, 2024)

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What is Namliong SkyCosmos 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 Namliong SkyCosmos's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of Namliong SkyCosmos was 0.00. The lowest was 0.00. And the median was 0.00.

Namliong SkyCosmos Beneish M-Score Historical Data

The historical data trend for Namliong SkyCosmos'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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Namliong SkyCosmos Beneish M-Score Chart

Namliong SkyCosmos Annual Data

Trend

Sep06

Dec07

Dec08

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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Namliong SkyCosmos 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 of Namliong SkyCosmos's Beneish M-Score

For the Shell Companies subindustry, Namliong SkyCosmos'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.

Namliong SkyCosmos's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Namliong SkyCosmos's Beneish M-Score distribution charts can be found below:

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

Namliong SkyCosmos 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 Namliong SkyCosmos 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 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.01 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.65 Mil.
Total Current Liabilities was $1.94 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.122 + -0.207 + -0.188 + -0.132 = $-0.65 Mil.
Non Operating Income was 0.001 + -0.001 + 0.001 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.002 + -0.003 + -0.001 + -0.011 = $-0.02 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 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 $0.10 Mil.
Total Current Liabilities was $0.13 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)	/	(0 / 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 / 0)	/	(0 / 0)
	=		/
	=

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 + 0.01) / 0.01)	/	(1 - (0 + 0) / 0)
	=	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	/	0
	=

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))	/	(0.009 / (0.009 + 0.01))
	=		/	0.473684
	=

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)
	=	(0.65 / 0)	/	(0.098 / 0)
	=		/
	=

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 + 1.942) / 0.01)	/	((0 + 0.133) / 0)
	=	194.2	/
	=

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
	=	(-0.649 - 0.001	-	-0.017)	/	0.01
	=	-63.3

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.

Namliong SkyCosmos Beneish M-Score Related Terms

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Namliong SkyCosmos (Namliong SkyCosmos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Namliong SkyCosmos Inc (OTCPK:NLSC) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 357, Ren’ai Street, Yongkang District, Tainan City, TWN, 71072

Website

http://www.namliong-group.com

Namliong SkyCosmos Inc is a shell company.

Executives

Cheng-hsing Hsu	director, 10 percent owner, officer: Chief Financial Officer	NO. 97, YUNONG 3 ST.,, EASTERN DIST., TAINAN F5 701
Chung-pin Hsiao	director, officer: Chief Executive Officer	C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109
Yu-chiao Hsiao	director, officer: Secretary	C/O KREIDO BIOFUELS, UNIT 1010-15,10F, TOWER B, 14 SCIENCE MUSEUM ROAD, TSIM SHA TSUI EAST K3 84109
Orient Express & Co., Ltd.	10 percent owner	PO BOX 217, OFFSHORE CHAMBERS, APIA Y0 00000
Wai Lim Wong	director, officer: CEO, CFO and Secretary	22A-3 JELON METRO PUDU, FRASER BUSINESS PARK, KUALA LUMPUR N8 55100
Chun Ju Dou	10 percent owner	FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000
Chao Zhang	10 percent owner	FLAT F, 11/F, POWER INDUSTRIAL BUILDING, 9-15 WO HEUNG ST., FO TAN, SHA TIN K3 00000

Namliong SkyCosmos (Namliong SkyCosmos) Headlines

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