Prime Impact Acquisition I (Prime Impact Acquisition I) Beneish M-Score : 0.00 (As of May. 21, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Prime Impact Acquisition I 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 Prime Impact Acquisition I's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Prime Impact Acquisition I was 0.00. The lowest was 0.00. And the median was 0.00.

Prime Impact Acquisition I Beneish M-Score Historical Data

The historical data trend for Prime Impact Acquisition I'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.

Prime Impact Acquisition I Beneish M-Score Chart

Prime Impact Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Beneish M-Score

Prime Impact Acquisition I Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Beneish M-Score	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Prime Impact Acquisition I's Beneish M-Score

For the Shell Companies subindustry, Prime Impact Acquisition I'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.

Prime Impact Acquisition I's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Prime Impact Acquisition I's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Prime Impact Acquisition I's Beneish M-Score falls into.

Prime Impact Acquisition I 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 Prime Impact Acquisition I 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 (Jun23) TTM:

Last Year (Jun22) 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 $0.12 Mil.
Total Assets was $49.60 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 $3.48 Mil.
Total Current Liabilities was $6.57 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.018 + -1.332 + 0.186 + 0.309 = $-0.82 Mil.
Non Operating Income was 0.444 + -0.037 + 1.115 + 1.137 = $2.66 Mil.
Cash Flow from Operations was -0.388 + -0.271 + -0.133 + -0.224 = $-1.02 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 $0.51 Mil.
Total Assets was $325.18 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 $0.66 Mil.
Total Current Liabilities was $0.63 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 - (0.121 + 0) / 49.6)	/	(1 - (0.509 + 0) / 325.181)
	=	0.99756	/	0.998435
	=

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)
	=	(3.477 / 0)	/	(0.655 / 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 + 6.572) / 49.6)	/	((0 + 0.625) / 325.181)
	=	0.1325	/	0.001922
	=

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
	=	(-0.819 - 2.659	-	-1.016)	/	49.6
	=	-0.049637

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.

Prime Impact Acquisition I Beneish M-Score Related Terms

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

Prime Impact Acquisition I (Prime Impact Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Prime Impact Acquisition I (OTCPK:PRIAF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 East San Carlos Street, Suite 12, San Jose, CA, USA, 95112

Website

https://www.primeimpactcapital.com

Prime Impact Acquisition I is a blank check company.

Executives

Frank Brosens	10 percent owner	C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp	10 percent owner	55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors Lp	10 percent owner	280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors (hong Kong) Ltd	10 percent owner	UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
Michael D Cordano	officer: Co-Chief Executive Officer	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Mark P Long	director, officer: Co-Chief Exec. Officer and CFO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Cathleen A Benko	director	ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Dixon Doll	director	2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Keyur A Patel	director
Joanna A Strober	director	C/O SYMPHONY TECHNOLOGY GROUP, 4015 MIRANDA AVENUE, SECOND FLOOR, PALO ALTO CA 94304
Prime Impact Cayman, Llc	10 percent owner	360 S MARKET STREET, #2202, SAN JOSE CA 95113
Roger Crockett	director	123 E. SAN CARLOS STREET, SUITE 12, SAN JOSE CA 95113

Prime Impact Acquisition I (Prime Impact Acquisition I) Headlines

From GuruFocus

Prime Impact Acquisition I Securities to Commence Separate Trading

By Business Wire Business Wire • 10-29-2020

Cheche Technology Releases its Auto Insurance 2.0 EV Upgrade Solution Featuring the AI-Enabled Sky Dome Risk Management Platform

By PRNewswire PRNewswire • 06-01-2023

Prime Impact Announces Pricing of $300 Million Initial Public Offering

By Business Wire Business Wire • 09-10-2020

Prime Impact Acquisition I Announces It Has Regained Compliance with NYSE Listing Requirements

By Business Wire Business Wire • 05-28-2021

Cheche Technology and Shanghai Insurance Exchange Hosted New Energy Vehicle-Focused Auto Insurance Industry Summit

By PRNewswire PRNewswire • 05-30-2023