SSLCF (Simply Solventless Concentrates) Beneish M-Score: 0.36 (As of Jun. 25, 2026) — 95% Below Median


What is Simply Solventless Concentrates Beneish M-Score?

Simply Solventless Concentrates SSLCF Beneish M-Score is 0.36 as of Jun. 25, 2026, which is 95% below its 10-year median of 7.74. The stock has 4 warning signs investors should review. Among 911 Drug Manufacturers companies, Simply Solventless Concentrates ranks worse than 94.95% on this metric.

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 0.36 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: 0.36   Med: 7.74   Max: 291.45
Current: 0.36

During the past 4 years, the highest Beneish M-Score of Simply Solventless Concentrates was 291.45. The lowest was 0.36. And the median was 7.74.

Simply Solventless Concentrates Beneish M-Score Historical Data

* Premium members only.

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.

Simply Solventless Concentrates Beneish M-Score Chart

Simply Solventless Concentrates Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 0.00 20.74

Simply Solventless Concentrates Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 291.45 20.74 7.74 5.01 0.36

SSLCF vs ZTS: Beneish M-Score Comparison

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 Beneish M-Score vs 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.


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:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.8585+0.528 * 0.7476+0.404 * 2.0223+0.892 * 3.4381+0.115 * 0.4475
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8405+4.679 * 0.087445-0.327 * 0.8724
=0.26

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $5.26 Mil.
Revenue was 4.587 + 8.018 + 6.879 + 4.576 = $24.06 Mil.
Gross Profit was 2.096 + 3.452 + 3.363 + 1.151 = $10.06 Mil.
Total Current Assets was $23.70 Mil.
Total Assets was $43.56 Mil.
Property, Plant and Equipment(Net PPE) was $11.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.15 Mil.
Selling, General, & Admin. Expense(SGA) was $6.61 Mil.
Total Current Liabilities was $9.37 Mil.
Long-Term Debt & Capital Lease Obligation was $8.11 Mil.
Net Income was -0.215 + 2.487 + 5.857 + -1.462 = $6.67 Mil.
Non Operating Income was 0.131 + 1.004 + 4.707 + -0.31 = $5.53 Mil.
Cash Flow from Operations was 0.081 + 0.716 + -1.961 + -1.51 = $-2.67 Mil.
 Total Receivables was $1.78 Mil.
Revenue was 3.01 + 1.313 + 1.698 + 0.977 = $7.00 Mil.
Gross Profit was 1.062 + -0.06 + 0.825 + 0.361 = $2.19 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 $0.07 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.

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)
=(5.257 / 24.06) / (1.781 / 6.998)
=0.218495 / 0.254501
=0.8585

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)
=(2.188 / 6.998) / (10.062 / 24.06)
=0.312661 / 0.418204
=0.7476

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 - (23.697 + 11.099) / 43.559) / (1 - (14.752 + 1.506) / 18.054)
=0.201175 / 0.099479
=2.0223

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
=24.06 / 6.998
=3.4381

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))
=(0.066 / (0.066 + 1.506)) / (1.149 / (1.149 + 11.099))
=0.041985 / 0.093811
=0.4475

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)
=(6.612 / 24.06) / (2.288 / 6.998)
=0.274813 / 0.326951
=0.8405

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)
=((8.113 + 9.366) / 43.559) / ((2.123 + 6.181) / 18.054)
=0.401272 / 0.459953
=0.8724

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
=(6.667 - 5.532 - -2.674) / 43.559
=0.087445

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 has a M-score of 0.26 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 0.36 mean?
Simply Solventless Concentrates (SSLCF) has a Beneish M-Score of 0.36 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Simply Solventless Concentrates and its competitors. This is 95% below median its historical median of 7.74. Over the past decade, Simply Solventless Concentrates' Beneish M-Score has ranged from 0.36 to 291.45. According to the industry distribution chart, Simply Solventless Concentrates ranks #865 out of 911 companies in the Drug Manufacturers industry, placing it in the top 95%.
Is Simply Solventless Concentrates' Beneish M-Score too high?
Simply Solventless Concentrates' current Beneish M-Score of 0.36 is 95% below median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 291.45. Based on the distribution chart, Simply Solventless Concentrates ranks #865 out of 911 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers.
How does Simply Solventless Concentrates' Beneish M-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Simply Solventless Concentrates ranks #865 out of 911 companies for Beneish M-Score. This places Simply Solventless Concentrates in the lower half of its industry. Historically, Simply Solventless Concentrates' own Beneish M-Score has ranged from 0.36 to 291.45 over the past decade. 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 a Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Simply Solventless Concentrates and its competitors. Simply Solventless Concentrates's current Beneish M-Score is 0.36, which is 95% below median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simply Solventless Concentrates stock overvalued right now?
Simply Solventless Concentrates (SSLCF) has a current Beneish M-Score of 0.36. The current Beneish M-Score is 0.36, which is 95% below median its 10-year median of 7.74. 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 Simply Solventless Concentrates (SSLCF), the current Beneish M-Score is 0.36 as of Jun. 25, 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.

Simply Solventless Concentrates Business Description

Other Exchanges HASH:Canada
Address 273209 Range Road, 20, Rocky View County, Calgary, AB, CAN, T0M 0E0
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.