CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Beneish M-Score : 0.00 (As of May. 06, 2024)

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What is CC Neuberger Principal Holdings III 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 CC Neuberger Principal Holdings III's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of CC Neuberger Principal Holdings III was 0.00. The lowest was 0.00. And the median was 0.00.

CC Neuberger Principal Holdings III Beneish M-Score Historical Data

The historical data trend for CC Neuberger Principal Holdings III'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.

* Premium members only.

CC Neuberger Principal Holdings III Beneish M-Score Chart

CC Neuberger Principal Holdings III Annual Data

Trend

Dec20

Dec21

Dec22

Beneish M-Score

CC Neuberger Principal Holdings III Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Beneish M-Score	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of CC Neuberger Principal Holdings III's Beneish M-Score

For the Shell Companies subindustry, CC Neuberger Principal Holdings III'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.

CC Neuberger Principal Holdings III's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, CC Neuberger Principal Holdings III's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where CC Neuberger Principal Holdings III's Beneish M-Score falls into.

CC Neuberger Principal Holdings III 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 CC Neuberger Principal Holdings III 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 (Jun23) TTM:

Last Year (Jun22) 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 $0.15 Mil.
Total Assets was $48.68 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 $1.71 Mil.
Total Current Liabilities was $0.61 Mil.
Long-Term Debt & Capital Lease Obligation was $1.32 Mil.
Net Income was 0.426 + -3.969 + 5.964 + 3.727 = $6.15 Mil.
Non Operating Income was 0.276 + -3.321 + 0.437 + 4.06 = $1.45 Mil.
Cash Flow from Operations was -0.394 + -0.382 + -0.052 + -0.048 = $-0.88 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 $1.02 Mil.
Total Assets was $404.18 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 $1.41 Mil.
Total Current Liabilities was $0.37 Mil.
Long-Term Debt & Capital Lease Obligation was $0.65 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 - (0.146 + 0) / 48.675)	/	(1 - (1.016 + 0) / 404.177)
	=	0.997001	/	0.997486
	=

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)
	=	(1.705 / 0)	/	(1.406 / 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)
	=	((1.316 + 0.609) / 48.675)	/	((0.651 + 0.373) / 404.177)
	=	0.039548	/	0.002534
	=

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
	=	(6.148 - 1.452	-	-0.876)	/	48.675
	=	0.114474

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.

CC Neuberger Principal Holdings III Beneish M-Score Related Terms

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CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » CC Neuberger Principal Holdings III (NYSE:PRPC.U) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Park Avenue, 58th Floor, New York, NY, USA, 10166

Website

https://www.ccnbprincipal.com

CC Neuberger Principal Holdings III is a blank check company.

Executives

Matthew Mannelly	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hackney Jesse Joel Jr	director	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Chinh Chu	director, officer: Chief Executive Officer	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Jason K Giordano	officer: EVP, Corporate Development	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Matthew Skurbe	officer: Chief Financial Officer	C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Keith W Abell	director	388 GREENWICH STREET 36TH FLOOR, NEW YORK NY 10013
Douglas Newton	officer: EVP, Corporate Development	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor	director	C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Iii Sponsor Llc	director, 10 percent owner	C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166

CC Neuberger Principal Holdings III (CC Neuberger Principal Holdings III) Headlines

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