EVe Mobility Acquisition (EVe Mobility Acquisition) Beneish M-Score : 0.00 (As of Apr. 26, 2024)

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What is EVe Mobility Acquisition 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 EVe Mobility Acquisition's Beneish M-Score or its related term are showing as below:

During the past 2 years, the highest Beneish M-Score of EVe Mobility Acquisition was 0.00. The lowest was 0.00. And the median was 0.00.

EVe Mobility Acquisition Beneish M-Score Historical Data

The historical data trend for EVe Mobility Acquisition'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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EVe Mobility Acquisition Beneish M-Score Chart

EVe Mobility Acquisition Annual Data

Trend

Dec21

Dec22

Beneish M-Score

EVe Mobility Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of EVe Mobility Acquisition's Beneish M-Score

For the Shell Companies subindustry, EVe Mobility Acquisition'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.

EVe Mobility Acquisition's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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

EVe Mobility Acquisition 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 EVe Mobility Acquisition 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 (Sep23) TTM:

Last Year (Sep22) 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 $0.10 Mil.
Total Assets was $65.92 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 $0.00 Mil.
Total Current Liabilities was $1.16 Mil.
Long-Term Debt & Capital Lease Obligation was $0.16 Mil.
Net Income was 0.466 + 2.145 + 2.501 + 1.938 = $7.05 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.005 + -0.189 + -0.069 + -0.125 = $-0.39 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 $0.60 Mil.
Total Assets was $257.19 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 $0.70 Mil.
Total Current Liabilities was $0.48 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)
	=	(0.004 / 0)	/	(0.003 / 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 - (0.101 + 0) / 65.921)	/	(1 - (0.599 + 0) / 257.189)
	=	0.998468	/	0.997671
	=

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 / (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 / 0)	/	(0.695 / 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)
	=	((0.157 + 1.157) / 65.921)	/	((0 + 0.478) / 257.189)
	=	0.019933	/	0.001859
	=

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
	=	(7.05 - 0	-	-0.388)	/	65.921
	=	0.112832

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.

EVe Mobility Acquisition Beneish M-Score Related Terms

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EVe Mobility Acquisition (EVe Mobility Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » EVe Mobility Acquisition Corp (AMEX:EVE) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 Kennett Pike, Suite 302, Wilmington, DE, USA, 19807

Website

https://www.evemobility.com

EVe Mobility Acquisition Corp is a blank check company.

Executives

Regina Shekerdemian	director	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Osman Ahmed	officer: President	C/O FOUNDER SPAC, 11752 LAKE POTOMAC DRIVE, ROCKVILLE MD 20854
Curtis Pierce	officer: Chief Financial Officer	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Maximilian A. Staedtler	officer: Chief Executive Officer	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Carla Jean Bailo	director	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Scott Painter	director, officer: Chief Executive Officer	ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
James G Ellis	director	C/O QUIKSILVER, INC., 15202 GRAHAM STREET, HUNTINGTON BEACH CA 92649
Jimmy Nguyen	officer: Chief Operating Officer	2787 NORTH HOUSTON ST., #100, DALLAS TX 75219
Georg Bauer	director, officer: President	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Eve Mobility Sponsor Llc	10 percent owner	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Kash Sheikh	officer: Chief Financial Officer	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807
Sue Callaway	director	4001 KENNETT PIKE, SUITE 302, WILMINGTON DE 19807

EVe Mobility Acquisition (EVe Mobility Acquisition) Headlines

From GuruFocus

EVe Mobility Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing February 4, 2022

By GuruFocusNews GuruFocusNews • 02-01-2022

EVe Mobility Acquisition Corp Transfers Listing to NYSE American LLC

By sperokesalga sperokesalga • 06-09-2023

EVe Mobility Acquisition Corp Announces Closing of Upsized $250 Million Initial Public Offering

By GlobeNewswire GlobeNewswire • 12-17-2021

EVe Mobility Acquisition Corp Announces Closing of Upsized $250 Million Initial Public Offering

By GuruFocusNews GuruFocusNews • 12-17-2021