ONMD (OneMedNet) Beneish M-Score : 0.00 (As of Mar. 20, 2025)

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

During the past 4 years, the highest Beneish M-Score of OneMedNet was -156.42. The lowest was -156.42. And the median was -156.42.

OneMedNet Beneish M-Score Historical Data

The historical data trend for OneMedNet'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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OneMedNet Beneish M-Score Chart

OneMedNet Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

-156.42

OneMedNet Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial							-	-156.42	-	-	-

Competitive Comparison of OneMedNet's Beneish M-Score

For the Health Information Services subindustry, OneMedNet'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.

OneMedNet's Beneish M-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, OneMedNet's Beneish M-Score distribution charts can be found below:

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

OneMedNet 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 OneMedNet 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 (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was $0.06 Mil.
Revenue was 0.142 + 0.227 + 0.248 + 0.34 = $0.96 Mil.
Gross Profit was -0.084 + -0.102 + -0.069 + 0.002 = $-0.25 Mil.
Total Current Assets was $4.30 Mil.
Total Assets was $4.39 Mil.
Property, Plant and Equipment(Net PPE) was $0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $16.17 Mil.
Total Current Liabilities was $18.63 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -2.058 + -3.589 + -2.109 + -2.496 = $-10.25 Mil.
Non Operating Income was 0.365 + -1.061 + 0.034 + 8.608 = $7.95 Mil.
Cash Flow from Operations was -1.903 + -1.506 + -1.547 + -1.725 = $-6.68 Mil.

Total Receivables was $2.15 Mil.
Revenue was 0.326 + 0.173 + 0.2 + 1.153 = $1.85 Mil.
Gross Profit was 0.033 + -0.057 + -0.089 + 1.153 = $1.04 Mil.
Total Current Assets was $2.85 Mil.
Total Assets was $2.94 Mil.
Property, Plant and Equipment(Net PPE) was $0.09 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $7.39 Mil.
Total Current Liabilities was $14.28 Mil.
Long-Term Debt & Capital Lease Obligation was $2.20 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)
	=	(0.063 / 0.957)	/	(2.146 / 1.852)
	=	0.065831	/	1.158747
	=

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)
	=	(1.04 / 1.852)	/	(-0.253 / 0.957)
	=	0.561555	/	-0.264368
	=

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 - (4.304 + 0.084) / 4.388)	/	(1 - (2.846 + 0.092) / 2.938)
	=	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
	=	0.957	/	1.852
	=

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))
	=	(0.019 / (0.019 + 0.092))	/	(0.04 / (0.04 + 0.084))
	=	0.171171	/	0.322581
	=

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)
	=	(16.172 / 0.957)	/	(7.388 / 1.852)
	=	16.898642	/	3.989201
	=

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 + 18.628) / 4.388)	/	((2.204 + 14.278) / 2.938)
	=	4.245214	/	5.609939
	=

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
	=	(-10.252 - 7.946	-	-6.681)	/	4.388
	=	-2.624658

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.

OneMedNet Beneish M-Score Related Terms

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OneMedNet Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

6385 Old Shady Oak Road, Suite 250, Eden Prairie, MN, USA, 55344

Website

https://www.onemednet.com

OneMedNet Corp is a healthcare software company with solutions focused on digital medical image management, exchange, and sharing. It is a global provider of clinical imaging innovation and curator of regulatory-grade Imaging Real-World Data or iRWDTM. OneMedNet's innovative solutions connect healthcare providers and patients satisfying a crucial need within the Life Sciences field offering direct access to clinical images and the associated contextual patient record.