Chatham Rock Phosphate (NZSE:CRP) Beneish M-Score: 0.00 (As of Jun. 29, 2026)


What is Chatham Rock Phosphate Beneish M-Score?

Chatham Rock Phosphate NZSE:CRP +1.79% Beneish M-Score is 0.00 as of Jun. 29, 2026. The stock has 2 warning signs investors should review. Among 684 Metals & Mining companies, Chatham Rock Phosphate ranks worse than 146198.68% on this metric.

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 Chatham Rock Phosphate's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Chatham Rock Phosphate was 126.36. The lowest was -4.25. And the median was -2.66.

Chatham Rock Phosphate Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Chatham Rock Phosphate'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.

Chatham Rock Phosphate Beneish M-Score Chart

Chatham Rock Phosphate Annual Data
Trend Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.66 0.14 0.00 0.00 0.00

Chatham Rock Phosphate Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Chatham Rock Phosphate Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Chatham Rock Phosphate'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.

Chatham Rock Phosphate Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chatham Rock Phosphate's Beneish M-Score distribution charts can be found below:

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


Chatham Rock Phosphate 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 Chatham Rock Phosphate for today is based on a combination of the following eight different indices:

M=-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 *
=

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NZ$0.05 Mil.
Revenue was 0 + 0 + 0 + 0 = NZ$0.00 Mil.
Gross Profit was -0.003 + -0.009 + -0.01 + -0.01 = NZ$-0.03 Mil.
Total Current Assets was NZ$0.20 Mil.
Total Assets was NZ$8.53 Mil.
Property, Plant and Equipment(Net PPE) was NZ$8.27 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$1.16 Mil.
Total Current Liabilities was NZ$0.66 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$0.00 Mil.
Net Income was -0.576 + -0.151 + -0.173 + -0.214 = NZ$-1.11 Mil.
Non Operating Income was 0.033 + 0.004 + -0.001 + 0 = NZ$0.04 Mil.
Cash Flow from Operations was -0.137 + -0.23 + -0.072 + 0 = NZ$-0.44 Mil.
 Total Receivables was NZ$0.03 Mil.
Revenue was 0 + 0 + 0 + 0 = NZ$0.00 Mil.
Gross Profit was -0.009 + -0.008 + -0.013 + -0.009 = NZ$-0.04 Mil.
Total Current Assets was NZ$0.15 Mil.
Total Assets was NZ$8.28 Mil.
Property, Plant and Equipment(Net PPE) was NZ$8.11 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$1.37 Mil.
Total Current Liabilities was NZ$0.32 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$0.01 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)
=(0.054 / 0) / (0.026 / 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)
=(-0.039 / 0) / (-0.032 / 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 - (0.2 + 8.27) / 8.529) / (1 - (0.148 + 8.106) / 8.277)
=0.006918 / 0.002779
=

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 + 8.106)) / (0 / (0 + 8.27))
=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)
=(1.164 / 0) / (1.369 / 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 + 0.658) / 8.529) / ((0.007 + 0.316) / 8.277)
=0.077149 / 0.039024
=

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
=(-1.114 - 0.036 - -0.439) / 8.529
=-0.083363

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Chatham Rock Phosphate (NZSE:CRP) 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 Chatham Rock Phosphate and its competitors. According to the industry distribution chart, Chatham Rock Phosphate ranks #999999 out of 684 companies in the Metals & Mining industry.
Is Chatham Rock Phosphate's Beneish M-Score too high?
Chatham Rock Phosphate's current Beneish M-Score is 0.00. Based on the distribution chart, Chatham Rock Phosphate ranks #999999 out of 684 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Chatham Rock Phosphate's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Chatham Rock Phosphate ranks #999999 out of 684 companies for Beneish M-Score. This places Chatham Rock Phosphate in the lower half of its 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Chatham Rock Phosphate and its competitors. Chatham Rock Phosphate'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 Chatham Rock Phosphate stock overvalued right now?
Chatham Rock Phosphate (NZSE:CRP) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Chatham Rock Phosphate (NZSE:CRP), 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.

Chatham Rock Phosphate Business Description

Other Exchanges 3GRE:GermanyNZP:Canada
Address 93 The Terrace, Level 1, Wellington, NZL, 6011
Chatham Rock Phosphate Ltd operates as a mineral exploration company. The company is engaged in the development and exploration of the Chatham Rise rock phosphate deposit offshore in New Zealand. The company also holds a mining permit over an area off the coast of New Zealand with seabed deposits of rock phosphate and other potentially valuable minerals.