SSCFF (SmartCool Systems) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


SSCFF SmartCool Systems Inc SSCFF
12 GF Score
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What is SmartCool Systems Beneish M-Score?

SmartCool Systems SSCFF -98.33% 12 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates SSCFF with a GF Score™ of 12/100.

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 SmartCool Systems's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of SmartCool Systems was 0.00. The lowest was 0.00. And the median was 0.00.

SmartCool Systems Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SmartCool Systems'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.

SmartCool Systems Beneish M-Score Chart

SmartCool Systems Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.23 -6.79 -2.04 -6.06 -2.64

SmartCool Systems Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Mar19 Jun19 Sep19
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.23 -3.93 -3.93 -2.69 0.48

SSCFF vs HUBB: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, SmartCool Systems'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.

SmartCool Systems Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SmartCool Systems's Beneish M-Score distribution charts can be found below:

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


SSCFF
12GF Score
SmartCool Systems Inc SSCFF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SmartCool Systems 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 SmartCool Systems for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.2127+0.528 * 1.0544+0.404 * 0.3968+0.892 * 2.5492+0.115 * 1.0506
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.3225+4.679 * 0.608516-0.327 * 2.8121
=0.34

* 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.

This Year (Sep19) TTM:Last Year (Jun18) TTM:
Total Receivables was $0.21 Mil.
Revenue was 0.55 + 0.548 + 0.553 + 0.164 = $1.82 Mil.
Gross Profit was 0.351 + 0.46 + 0.443 + 0.17 = $1.42 Mil.
Total Current Assets was $0.62 Mil.
Total Assets was $0.73 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.23 Mil.
Selling, General, & Admin. Expense(SGA) was $1.88 Mil.
Total Current Liabilities was $2.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.39 Mil.
Net Income was -0.017 + -0.057 + -0.108 + -0.722 = $-0.90 Mil.
Non Operating Income was 0.059 + 0.041 + 0.037 + -0.206 = $-0.07 Mil.
Cash Flow from Operations was -0.034 + -0.529 + -0.316 + -0.399 = $-1.28 Mil.
 Total Receivables was $0.38 Mil.
Revenue was 0.125 + 0.243 + 0.093 + 0.251 = $0.71 Mil.
Gross Profit was 0.097 + 0.207 + 0.063 + 0.222 = $0.59 Mil.
Total Current Assets was $0.73 Mil.
Total Assets was $1.10 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.40 Mil.
Selling, General, & Admin. Expense(SGA) was $2.28 Mil.
Total Current Liabilities was $1.06 Mil.
Long-Term Debt & Capital Lease Obligation was $0.36 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)
=(0.205 / 1.815) / (0.378 / 0.712)
=0.112948 / 0.530899
=0.2127

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)
=(0.589 / 0.712) / (1.424 / 1.815)
=0.827247 / 0.784573
=1.0544

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 - (0.618 + 0.013) / 0.728) / (1 - (0.73 + 0.002) / 1.102)
=0.133242 / 0.335753
=0.3968

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
=1.815 / 0.712
=2.5492

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))
=(0.404 / (0.404 + 0.002)) / (0.233 / (0.233 + 0.013))
=0.995074 / 0.947154
=1.0506

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)
=(1.877 / 1.815) / (2.283 / 0.712)
=1.03416 / 3.206461
=0.3225

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)
=((0.393 + 2.245) / 0.728) / ((0.363 + 1.057) / 1.102)
=3.623626 / 1.288566
=2.8121

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
=(-0.904 - -0.069 - -1.278) / 0.728
=0.608516

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.

SmartCool Systems has a M-score of 0.34 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
SmartCool Systems (SSCFF) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SmartCool Systems and its competitors.
Is SmartCool Systems' Beneish M-Score too high?
SmartCool Systems' current Beneish M-Score is 0.00. Overall, SmartCool Systems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SmartCool Systems' Beneish M-Score compare to HUBB?
SmartCool Systems' Beneish M-Score of 0.00 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SmartCool Systems and its competitors. SmartCool Systems's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartCool Systems stock overvalued right now?
SmartCool Systems (SSCFF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. SmartCool Systems' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For SmartCool Systems (SSCFF), the current Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SmartCool Systems Business Description

Address 12 - 1350 W. 14th Avenue, Vancouver, BC, CAN, V6H 1R1
SmartCool Systems Inc is a clean technology company. The firm and its subsidiaries are focused on acquiring, commercializing, and marketing energy-saving technologies for commercial and retail businesses. The company has two principal revenue streams namely ESM and ECO3. The ESM is manufactured by a third party in Australia and is designed specifically to reduce the electricity consumption and demand for refrigeration and air conditioning compressors by improving their performance and maintaining temperature control. ECO3 is manufactured in China and is a retrofit product that can be installed on any air conditioning or refrigeration unit, achieving energy efficiency gains as the ESM for smaller systems. The firm generates most of its revenue from Europe, the Middle East, and Africa.
12GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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