Canopy Growth Beneish M-Score Historical Data
The historical data trend for Canopy Growth'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.
Canopy Growth Beneish M-Score Chart
|
Canopy Growth Annual Data
|
|
Trend |
Dec14 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
Mar24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.47 |
-3.60 |
-3.32 |
-2.84 |
-3.85 |
|
Canopy Growth Quarterly Data
|
|
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-0.88 |
-67.00 |
-3.85 |
-4.31 |
-3.52 |
Competitive Comparison of Canopy Growth's Beneish M-Score
For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth'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.
Canopy Growth's Beneish M-Score Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Canopy Growth's Beneish M-Score falls into.
Canopy Growth 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 Canopy Growth 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 * 0.6479 | + | 0.528 * -0.2321 | + | 0.404 * 0.8785 | + | 0.892 * 0.9383 | + | 0.115 * 1.2772 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.7761 | + | 4.679 * -0.001277 | - | 0.327 * 1.0781 |
| = | -3.52 |
* 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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was C$41.9 Mil.
Revenue was 62.991 + 66.212 + 72.788 + 78.505 = C$280.5 Mil.
Gross Profit was 21.838 + 23.031 + 15.468 + 28.226 = C$88.6 Mil.
Total Current Assets was C$391.7 Mil.
Total Assets was C$1,232.3 Mil.
Property, Plant and Equipment(Net PPE) was C$303.2 Mil.
Depreciation, Depletion and Amortization(DDA) was C$44.9 Mil.
Selling, General, & Admin. Expense(SGA) was C$161.3 Mil.
Total Current Liabilities was C$281.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$433.5 Mil.
Net Income was -128.293 + -127.138 + -92.337 + -216.797 = C$-564.6 Mil.
Non Operating Income was -91.203 + -82.599 + -44.573 + -184.356 = C$-402.7 Mil.
Cash Flow from Operations was -53.852 + -51.78 + -22.059 + -32.569 = C$-160.3 Mil.
|
Total Receivables was C$68.9 Mil.
Revenue was 69.595 + 76.258 + 68.235 + 84.85 = C$298.9 Mil.
Gross Profit was 23.426 + 13.762 + -64.321 + 5.228 = C$-21.9 Mil.
Total Current Assets was C$493.7 Mil.
Total Assets was C$1,668.2 Mil.
Property, Plant and Equipment(Net PPE) was C$346.2 Mil.
Depreciation, Depletion and Amortization(DDA) was C$68.3 Mil.
Selling, General, & Admin. Expense(SGA) was C$221.6 Mil.
Total Current Liabilities was C$196.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$701.3 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) |
| = | (41.86 / 280.496) | / | (68.856 / 298.938) |
| = | 0.149236 | / | 0.230335 |
| | = | 0.6479 |
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) |
| = | (-21.905 / 298.938) | / | (88.563 / 280.496) |
| = | -0.073276 | / | 0.315737 |
| | = | -0.2321 |
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 - (391.665 + 303.165) / 1232.348) | / | (1 - (493.695 + 346.227) / 1668.224) |
| = | 0.436174 | / | 0.496517 |
| | = | 0.8785 |
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 |
| = | 280.496 | / | 298.938 |
| | = | 0.9383 |
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)) |
| = | (68.25 / (68.25 + 346.227)) | / | (44.872 / (44.872 + 303.165)) |
| = | 0.164665 | / | 0.128929 |
| | = | 1.2772 |
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) |
| = | (161.337 / 280.496) | / | (221.55 / 298.938) |
| = | 0.575185 | / | 0.741124 |
| | = | 0.7761 |
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) |
| = | ((433.485 + 281.284) / 1232.348) | / | ((701.257 + 196.252) / 1668.224) |
| = | 0.580006 | / | 0.538003 |
| | = | 1.0781 |
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 |
| = | (-564.565 - -402.731 | - | -160.26) | / | 1232.348 |
| | = | -0.001277 |
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.
Canopy Growth has a M-score of -3.52 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:WEED has been successfully added to your