SSLCF (Simply Solventless Concentrates) Beneish M-Score : 291.71 (As of Apr. 01, 2025)

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What is Simply Solventless Concentrates 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.

Warning Sign:

Beneish M-Score 291.71 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Simply Solventless Concentrates's Beneish M-Score or its related term are showing as below:

SSLCF' s Beneish M-Score Range Over the Past 10 Years
Min: 291.71 Med: 291.71 Max: 291.71
Current: 291.71

During the past 3 years, the highest Beneish M-Score of Simply Solventless Concentrates was 291.71. The lowest was 291.71. And the median was 291.71.

Simply Solventless Concentrates Beneish M-Score Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Beneish M-Score Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial						-	-	-	-	291.71

Competitive Comparison of Simply Solventless Concentrates's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Solventless Concentrates'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.

Simply Solventless Concentrates's Beneish M-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Simply Solventless Concentrates's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Simply Solventless Concentrates's Beneish M-Score falls into.

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Simply Solventless Concentrates 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 Simply Solventless Concentrates 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 (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was $1.78 Mil.
Revenue was 3.653 + 2.117 + 1.698 + 0.977 = $8.45 Mil.
Gross Profit was 1.449 + 1.256 + 0.825 + 0.361 = $3.89 Mil.
Total Current Assets was $14.75 Mil.
Total Assets was $18.05 Mil.
Property, Plant and Equipment(Net PPE) was $1.51 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.06 Mil.
Selling, General, & Admin. Expense(SGA) was $2.29 Mil.
Total Current Liabilities was $6.18 Mil.
Long-Term Debt & Capital Lease Obligation was $2.12 Mil.
Net Income was 0.313 + 0.891 + 0.372 + -0.746 = $0.83 Mil.
Non Operating Income was -0.158 + 0.315 + 0 + -0.738 = $-0.58 Mil.
Cash Flow from Operations was -2.151 + -0.514 + 0.154 + 0.025 = $-2.49 Mil.

Total Receivables was $0.39 Mil.
Revenue was 0.946 + 1.363 + 1.308 + 1.114 = $4.73 Mil.
Gross Profit was 0.404 + 0.91 + 0.919 + 0.46 = $2.69 Mil.
Total Current Assets was $3.99 Mil.
Total Assets was $5.37 Mil.
Property, Plant and Equipment(Net PPE) was $1.39 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.10 Mil.
Selling, General, & Admin. Expense(SGA) was $0.66 Mil.
Total Current Liabilities was $2.69 Mil.
Long-Term Debt & Capital Lease Obligation was $0.90 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)
	=	(1.781 / 8.445)	/	(0.385 / 4.731)
	=	0.210894	/	0.081378
	=

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)
	=	(2.693 / 4.731)	/	(3.891 / 8.445)
	=	0.569224	/	0.460746
	=

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 - (14.752 + 1.506) / 18.054)	/	(1 - (3.989 + 1.385) / 5.374)
	=	0.099479	/	0
	=

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
	=	8.445	/	4.731
	=

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))
	=	(0.102 / (0.102 + 1.385))	/	(0.056 / (0.056 + 1.506))
	=	0.068594	/	0.035851
	=

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)
	=	(2.288 / 8.445)	/	(0.664 / 4.731)
	=	0.27093	/	0.140351
	=

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)
	=	((2.123 + 6.181) / 18.054)	/	((0.898 + 2.69) / 5.374)
	=	0.459953	/	0.667659
	=

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
	=	(0.83 - -0.581	-	-2.486)	/	18.054
	=	0.215852

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.

Simply Solventless Concentrates Beneish M-Score Related Terms

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Simply Solventless Concentrates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (OTCPK:SSLCF) » Definitions » Beneish M-Score

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Traded in Other Exchanges

HASH:Canada

Address

4200, 888 - 3rd Street SW, Calgary, AB, CAN, T2P5C5

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers. The company serves the recreational, medical, and business-to-business cannabis markets in Canada.