STHZF (StateHouse Holdings) Beneish M-Score : 0.00 (As of Dec. 14, 2024)

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What is StateHouse Holdings 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 StateHouse Holdings's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of StateHouse Holdings was 141.64. The lowest was -4.36. And the median was -1.04.

StateHouse Holdings Beneish M-Score Historical Data

The historical data trend for StateHouse Holdings'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.

StateHouse Holdings Beneish M-Score Chart

StateHouse Holdings Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-2.18

-0.37

-2.23

-4.36

StateHouse Holdings Quarterly Data
	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Beneish M-Score	Get a 7-Day Free Trial															-2.40	-	-4.36	-3.97	-

Competitive Comparison of StateHouse Holdings's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, StateHouse Holdings'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.

StateHouse Holdings's Beneish M-Score Distribution in the Drug Manufacturers Industry

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

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

StateHouse Holdings 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 StateHouse Holdings 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 (Jun24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $10.40 Mil.
Revenue was 27.77 + 25.406 + 0 + 25.34 = $78.52 Mil.
Gross Profit was 14.855 + 11.731 + 0 + 12.145 = $38.73 Mil.
Total Current Assets was $30.62 Mil.
Total Assets was $121.47 Mil.
Property, Plant and Equipment(Net PPE) was $85.89 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.56 Mil.
Selling, General, & Admin. Expense(SGA) was $32.42 Mil.
Total Current Liabilities was $186.57 Mil.
Long-Term Debt & Capital Lease Obligation was $109.50 Mil.
Net Income was 0.209 + -17.845 + 0 + -2.127 = $-19.76 Mil.
Non Operating Income was 5.84 + -4.69 + 0 + 4.756 = $5.91 Mil.
Cash Flow from Operations was 0.409 + 0.665 + 0 + 3.652 = $4.73 Mil.

Total Receivables was $0.00 Mil.
Revenue was 24.658 + 25.535 + 30.847 + 34.598 = $115.64 Mil.
Gross Profit was 10.971 + 7.489 + 9.468 + 16.121 = $44.05 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $12.52 Mil.
Selling, General, & Admin. Expense(SGA) was $59.34 Mil.
Total Current Liabilities was $0.00 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)
	=	(10.402 / 78.516)	/	(0 / 115.638)
	=	0.132483	/	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)
	=	(44.049 / 115.638)	/	(38.731 / 78.516)
	=	0.380921	/	0.493288
	=

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 - (30.618 + 85.887) / 121.474)	/	(1 - (0 + 0) / 0)
	=	0.040906	/
	=

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
	=	78.516	/	115.638
	=

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))
	=	(12.515 / (12.515 + 0))	/	(5.561 / (5.561 + 85.887))
	=	1	/	0.060811
	=

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)
	=	(32.424 / 78.516)	/	(59.343 / 115.638)
	=	0.41296	/	0.513179
	=

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)
	=	((109.499 + 186.567) / 121.474)	/	((0 + 0) / 0)
	=	2.437279	/
	=

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
	=	(-19.763 - 5.906	-	4.726)	/	121.474
	=	-0.250218

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.

StateHouse Holdings Beneish M-Score Related Terms

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StateHouse Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » StateHouse Holdings Inc (OTCPK:STHZF) » Definitions » Beneish M-Score

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Traded in Other Exchanges

STHZ:Canada

Address

1028 Buenos Avenue, San Diego, CA, USA, 92110

Website

https://www.statehouseholdings.com

StateHouse Holdings Inc is a vertically integrated Cannabis company. It is a United States-based cannabis retailer. The company is engaged in the manufacture, possession, use, sale, or distribution of cannabis in the recreational and/or medicinal cannabis marketplace in the State of California and the State of Oregon. It offers packaged flowers, pre-roll, concentrates, edibles, and vape SKUs.