Mason Industrial Technology (Mason Industrial Technology) Beneish M-Score : 0.00 (As of May. 05, 2024)

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What is Mason Industrial Technology 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 Mason Industrial Technology's Beneish M-Score or its related term are showing as below:

During the past 2 years, the highest Beneish M-Score of Mason Industrial Technology was 0.00. The lowest was 0.00. And the median was 0.00.

Mason Industrial Technology Beneish M-Score Historical Data

The historical data trend for Mason Industrial Technology'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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Mason Industrial Technology Beneish M-Score Chart

Mason Industrial Technology Annual Data

Trend

Dec20

Dec21

Beneish M-Score

Mason Industrial Technology Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Mason Industrial Technology's Beneish M-Score

For the Shell Companies subindustry, Mason Industrial Technology'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.

Mason Industrial Technology's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

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

Mason Industrial Technology 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 Mason Industrial Technology 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 (Sep22) TTM:

Last Year (Sep21) 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 $0.58 Mil.
Total Assets was $503.18 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 $1.81 Mil.
Total Current Liabilities was $0.76 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 4.195 + 5.263 + 7.444 + 0.982 = $17.88 Mil.
Non Operating Income was 2.7 + 4.988 + 7.977 + 1.696 = $17.36 Mil.
Cash Flow from Operations was -0.322 + -0.267 + -0.781 + -0.701 = $-2.07 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 $1.93 Mil.
Total Assets was $502.25 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 $0.67 Mil.
Total Current Liabilities was $0.23 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 - (0.584 + 0) / 503.177)	/	(1 - (1.925 + 0) / 502.253)
	=	0.998839	/	0.996167
	=

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)
	=	(1.813 / 0)	/	(0.668 / 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 + 0.762) / 503.177)	/	((0 + 0.226) / 502.253)
	=	0.001514	/	0.00045
	=

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
	=	(17.884 - 17.361	-	-2.071)	/	503.177
	=	0.005155

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.

Mason Industrial Technology Beneish M-Score Related Terms

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Mason Industrial Technology (Mason Industrial Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mason Industrial Technology Inc (NYSE:MIT) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East 59th Street, New York, NY, USA, 10022

Website

https://www.masonitech.com

Mason Industrial Technology Inc is a blank check company.

Executives

William B Plummer	director	C/O UNITED RENTALS INC / DE, 100 FIRST STAMFORD PL STE 700, STAMFORD CT 06902
James L Bauman	director	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mason Capital Management Llc	director, 10 percent owner	110 EAST 59TH STREET, 30TH FLOOR, NEW YORK NY 10022
Kenneth M. Garschina	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Michael E Martino	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Rose Edward Arthur Iii	director, officer: Chief Executive Officer	5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Sanford Marshall C Jr	director	1725 ATLANTIC AVE, SULLIVANS ISLAND SC 29482
Mason Industrial Sponsor, Llc	10 percent owner	110 E. 59TH STREET, NEW YORK NY 10022
Derek Satzinger	director, officer: Chief Financial Officer	110 E. 59TH STREET, NEW YORK NY 10022
Diane M. Parisi	director	110 E. 59TH STREET, NEW YORK NY 10022
Pamela Chepiga	director	110 E. 59TH STREET, NEW YORK NY 10022
Philip B. Whitehead	director	110 E. 59TH STREET, NEW YORK NY 10022
Mason Capital Master Fund, L.p.	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Mason Management Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022

Mason Industrial Technology (Mason Industrial Technology) Headlines

From GuruFocus

Mason Industrial Technology, Inc. Completes $500,000,000 Initial Public Offering

By Business Wire Business Wire • 02-02-2021

Mason Industrial Technology, Inc. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 01-31-2023