International Land Alliance (International Land Alliance) Beneish M-Score

: 11.29 (As of Today)

View and export this data going back to 2019. Start your Free Trial

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.

Warning Sign:

Beneish M-Score 11.29 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for International Land Alliance's Beneish M-Score or its related term are showing as below:

ILAL' s Beneish M-Score Range Over the Past 10 Years
Min: -18.91 Med: -5.78 Max: 51.48
Current: 11.29

During the past 7 years, the highest Beneish M-Score of International Land Alliance was 51.48. The lowest was -18.91. And the median was -5.78.

International Land Alliance Beneish M-Score Historical Data

The historical data trend for International Land Alliance'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.

International Land Alliance Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

Get a 7-Day Free Trial

-18.91

51.48

International Land Alliance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial															-	-	-0.60	-5.78	11.29

Competitive Comparison

For the Real Estate - Development subindustry, International Land Alliance'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.

International Land Alliance Beneish M-Score Distribution

For the Real Estate industry and Real Estate sector, International Land Alliance's Beneish M-Score distribution charts can be found below:

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

International Land Alliance 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 International Land Alliance 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 * 15.4249

0.528 * 1.23

0.404 * 1.5011

0.892 * 1.9473

0.115 * 0.6623

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.3582

4.679 * -0.140806

0.327 * 1.2571

11.29

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $1.65 Mil.
Revenue was 0.358 + 0.486 + 0.241 + -0.051 = $1.03 Mil.
Gross Profit was 0.061 + 0.485 + 0.238 + -0.051 = $0.73 Mil.
Total Current Assets was $1.79 Mil.
Total Assets was $27.23 Mil.
Property, Plant and Equipment(Net PPE) was $3.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.10 Mil.
Selling, General, & Admin. Expense(SGA) was $3.40 Mil.
Total Current Liabilities was $34.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -6.34 + -0.379 + -1.909 + -6.086 = $-14.71 Mil.
Non Operating Income was -4.674 + 0.296 + -0.693 + -4.68 = $-9.75 Mil.
Cash Flow from Operations was -0.819 + -0.325 + 0.037 + -0.022 = $-1.13 Mil.

Total Receivables was $0.06 Mil.
Revenue was 0.017 + 0.017 + 0 + 0.497 = $0.53 Mil.
Gross Profit was 0.017 + 0.017 + 0 + 0.429 = $0.46 Mil.
Total Current Assets was $0.36 Mil.
Total Assets was $6.06 Mil.
Property, Plant and Equipment(Net PPE) was $2.38 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.05 Mil.
Selling, General, & Admin. Expense(SGA) was $4.87 Mil.
Total Current Liabilities was $6.05 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)
	=	(1.652 / 1.034)	/	(0.055 / 0.531)
	=	1.597679	/	0.103578
	=	15.4249

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)
	=	(0.463 / 0.531)	/	(0.733 / 1.034)
	=	0.87194	/	0.708897
	=	1.23

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 - (1.792 + 3.027) / 27.229)	/	(1 - (0.357 + 2.379) / 6.057)
	=	0.82302	/	0.548291
	=	1.5011

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
	=	1.034	/	0.531
	=	1.9473

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))
	=	(0.053 / (0.053 + 2.379))	/	(0.103 / (0.103 + 3.027))
	=	0.021793	/	0.032907
	=	0.6623

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)
	=	(3.4 / 1.034)	/	(4.874 / 0.531)
	=	3.288201	/	9.178908
	=	0.3582

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 + 34.212) / 27.229)	/	((0 + 6.054) / 6.057)
	=	1.256455	/	0.999505
	=	1.2571

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
	=	(-14.714 - -9.751	-	-1.129)	/	27.229
	=	-0.140806

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.

International Land Alliance has a M-score of 11.29 signals that the company is likely to be a manipulator.

International Land Alliance Beneish M-Score Related Terms

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

International Land Alliance (International Land Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » International Land Alliance Inc (OTCPK:ILAL) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 10th Avenue, Suite 1000, San Diego, CA, USA, 92101

Website

https://www.ila.company

International Land Alliance Inc is a residential land development company with target properties located in the Baja California, Norte region of Mexico. Its activities include purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the property's infrastructure and amenities, and selling the plots to homebuyers, retirees, investors, and commercial developers.

Executives

Jason Sunstein	director, 10 percent owner, officer: CFO	350 10TH AVE., SUITE 1000, SAN DIEGO CA 92101
Frank Ingrande	officer: President	1633 LILY AVE., EL CAJON CA 92021
Roberto Jesus Valdez	director, 10 percent owner, officer: President & Director	350 10TH AVENUE, SUITE 1000, SAN DIEGO CA 92101
Lisa Landau	officer: Secretary & COO	350 10TH AVENUE, SUITE 1000, SAN DIEGO CA 92101