Earth Life Sciences (Earth Life Sciences) Beneish M-Score : 0.00 (As of May. 12, 2024)

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

During the past 13 years, the highest Beneish M-Score of Earth Life Sciences was 0.00. The lowest was 0.00. And the median was 0.00.

Earth Life Sciences Beneish M-Score Historical Data

The historical data trend for Earth Life Sciences'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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Earth Life Sciences Beneish M-Score Chart

Earth Life Sciences Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

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Earth Life Sciences Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Earth Life Sciences's Beneish M-Score

For the Information Technology Services subindustry, Earth Life Sciences'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.

Earth Life Sciences's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Earth Life Sciences's Beneish M-Score distribution charts can be found below:

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

Earth Life Sciences 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 Earth Life Sciences 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 (Jun21) 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 $0.00 Mil.
Total Assets was $4.43 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 $0.37 Mil.
Total Current Liabilities was $0.41 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.021 + -0.322 + -0.018 + -0.022 = $-0.38 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0 + -0.004 + 0 + 0.003 = $-0.00 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 $0.00 Mil.
Total Assets was $0.18 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 $1.55 Mil.
Total Current Liabilities was $0.36 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 - (0.001 + 0) / 4.427)	/	(1 - (0.004 + 0) / 0.18)
	=	0.999774	/	0.977778
	=

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)
	=	(0.366 / 0)	/	(1.548 / 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 + 0.411) / 4.427)	/	((0 + 0.355) / 0.18)
	=	0.092839	/	1.972222
	=

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
	=	(-0.383 - 0	-	-0.001)	/	4.427
	=	-0.086289

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.

Earth Life Sciences Beneish M-Score Related Terms

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Earth Life Sciences (Earth Life Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Earth Life Sciences Inc (OTCPK:CLTS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

828 Harbourside Drive, Suite 209, North Vancouver, BC, CAN, V7P 3R9

Website

https://www.earthlifesciences.net

Earth Life Sciences Inc offers Artificial Intelligence (AI)-driven mileage-based loyalty system for public transportation. The Miltean's AI platform enables an increase of ridership, decongestion analysis, interruption of service compensation, congestion management, prediction and analysis of ridership usage patterns. The firm caters to public traffic management systems and team up relationships between private and public enterprise.

Executives

John Farinaccio	director, officer: Vice President	7000 COTE DE LIESSE, SUITE 8, MONTREAL A8 H4T 1E7
Jocelyn Moisan	director, officer: Predident	7000 COTE DE LIESSE, SUITE 8, MONTREAL A8 H4T 1E7
George Tsolakos	officer: VP Business Development	7000 COTE DE LIESSE, SUITE 8, MONTREAL A8 H4T 1E7
Angelo M Marino	director, officer: Secretary and Vice President	7000 COTE DE LIESSE, SUITE 8, MONTREAL A8 H4T 1E7
Uwd Unitas World Development Inc.	10 percent owner	7000 COTE DE LIESSE, SUITE 8, MONTREAL A8 H4T 1E7
Greg A Thompson	director	11123 TUPPER LAKE DRIVE, HOUSTON TX 77042
Darrell Parlee	officer: Treasurer	2144 CROWBRIDGE DRIVE, FRISCO TX 75034
Andy Kim	director	1408 STONE CUTTER DR., OAKVILLE A1 00000
Steve Bajic	officer: Secretary	918-1030 WEST GEORGIA STREET, VANCOUVER A1 V6E 2Y3
Donald L Sytsma	director, officer: CFO and Treasurer	2404 ECHO HARBOR DRIVE, PEARLAND TX 77584
Bassam Nastat	director	5631 WINCH ST, BURNABY BC A1 V5B 2J4
Milton Cox	director, officer: President	7227 WINCHESTER RD #258, MEMPHIS TN 38118
Michael P Twyman	director, 10 percent owner, officer: President
Andrew B Stewart	director, 10 percent owner, officer: Secretary	1208 1030 W GEORGIA ST, VANCOUVER BC A1 9999999999