Advanced Container Technologies (Advanced Container Technologies) Beneish M-Score : 0.00 (As of Apr. 24, 2024)

View and export this data going back to . Start your Free Trial

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

During the past 10 years, the highest Beneish M-Score of Advanced Container Technologies was 0.00. The lowest was 0.00. And the median was 0.00.

Advanced Container Technologies Beneish M-Score Historical Data

The historical data trend for Advanced Container Technologies'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.

Advanced Container Technologies Beneish M-Score Chart

Advanced Container Technologies Annual Data

Trend

Jun00

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

Get a 7-Day Free Trial

-3.71

13.66

-4.10

-2.89

-1.12

Advanced Container Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial															-1.41	-1.12	-2.97	-1.83	-3.44

Competitive Comparison of Advanced Container Technologies's Beneish M-Score

For the Packaging & Containers subindustry, Advanced Container Technologies'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.

Advanced Container Technologies's Beneish M-Score Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advanced Container Technologies's Beneish M-Score distribution charts can be found below:

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

Advanced Container Technologies 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 Advanced Container Technologies 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 * 1.2832

0.528 * 1.1632

0.404 * 0.8582

0.892 * 0.7441

0.115 * 2.1721

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2904

4.679 * -0.201081

0.327 * 1.491

-3.44

This Year (Sep22) TTM:

Last Year (Sep21) TTM:

Total Receivables was $0.17 Mil.
Revenue was 0.634 + 0.739 + 0.926 + 1.266 = $3.57 Mil.
Gross Profit was 0.148 + 0.207 + 0.318 + 0.126 = $0.80 Mil.
Total Current Assets was $1.42 Mil.
Total Assets was $4.63 Mil.
Property, Plant and Equipment(Net PPE) was $0.45 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.29 Mil.
Selling, General, & Admin. Expense(SGA) was $1.62 Mil.
Total Current Liabilities was $3.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.33 Mil.
Net Income was -0.402 + -0.268 + -0.173 + -0.317 = $-1.16 Mil.
Non Operating Income was -0.035 + -0.006 + 0 + 0 = $-0.04 Mil.
Cash Flow from Operations was 0.053 + 0.038 + -0.114 + -0.166 = $-0.19 Mil.

Total Receivables was $0.18 Mil.
Revenue was 1.452 + 0.759 + 1.873 + 0.707 = $4.79 Mil.
Gross Profit was 0.391 + 0.267 + 0.323 + 0.268 = $1.25 Mil.
Total Current Assets was $1.27 Mil.
Total Assets was $4.34 Mil.
Property, Plant and Equipment(Net PPE) was $0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.28 Mil.
Selling, General, & Admin. Expense(SGA) was $1.68 Mil.
Total Current Liabilities was $2.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 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)
	=	(0.169 / 3.565)	/	(0.177 / 4.791)
	=	0.047405	/	0.036944
	=	1.2832

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)
	=	(1.249 / 4.791)	/	(0.799 / 3.565)
	=	0.260697	/	0.224123
	=	1.1632

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 - (1.417 + 0.449) / 4.625)	/	(1 - (1.272 + 0.052) / 4.342)
	=	0.596541	/	0.695071
	=	0.8582

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
	=	3.565	/	4.791
	=	0.7441

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))
	=	(0.28 / (0.28 + 0.052))	/	(0.285 / (0.285 + 0.449))
	=	0.843373	/	0.388283
	=	2.1721

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)
	=	(1.615 / 3.565)	/	(1.682 / 4.791)
	=	0.453015	/	0.351075
	=	1.2904

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)
	=	((0.329 + 3.003) / 4.625)	/	((0.024 + 2.074) / 4.342)
	=	0.720432	/	0.483187
	=	1.491

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
	=	(-1.16 - -0.041	-	-0.189)	/	4.625
	=	-0.201081

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.

Advanced Container Technologies has a M-score of -3.44 suggests that the company is unlikely to be a manipulator.

Advanced Container Technologies Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Advanced Container Technologies's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Advanced Container Technologies (Advanced Container Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advanced Container Technologies Inc (OTCPK:ACTX) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

1620 Commerce Street, Suite A, Corona, CA, USA, 92878

Website

https://www.advancedcontainertechnologies.com

Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.