Oxygen Spolka Akcyjna (WAR:OXY) Beneish M-Score: 0.00 (As of Jul. 03, 2026)


WAR:OXY Oxygen Spolka Akcyjna WAR:OXY
4 GF Score
Price zł0.31
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What is Oxygen Spolka Akcyjna Beneish M-Score?

Oxygen Spolka Akcyjna WAR:OXY 4 Beneish M-Score is 0.00 as of Jul. 03, 2026. GuruFocus rates WAR:OXY with a GF Score™ of 4/100.

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 Oxygen Spolka Akcyjna's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Oxygen Spolka Akcyjna was 0.00. The lowest was 0.00. And the median was 0.00.

Oxygen Spolka Akcyjna Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Oxygen Spolka Akcyjna'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.

Oxygen Spolka Akcyjna Beneish M-Score Chart

Oxygen Spolka Akcyjna Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 11.09 -13.89

Oxygen Spolka Akcyjna Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 -13.89 -4.56 -3.81 -10.88 -2.40

WAR:OXY vs BLK, BX, BK: Beneish M-Score Comparison

For the Asset Management subindustry, Oxygen Spolka Akcyjna'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.

Oxygen Spolka Akcyjna Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Oxygen Spolka Akcyjna's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Oxygen Spolka Akcyjna's Beneish M-Score falls into.


WAR:OXY
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Oxygen Spolka Akcyjna WAR:OXY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Oxygen Spolka Akcyjna 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 Oxygen Spolka Akcyjna 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 * 1.3069+0.528 * 1.3987+0.404 * 0.6964+0.892 * 1.1712+0.115 * 0.8916
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -2.243271-0.327 * 4.8759
=-13.73

* 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 (Dec22) TTM:Last Year (Dec21) TTM:
Total Receivables was zł0.30 Mil.
Revenue was zł1.86 Mil.
Gross Profit was zł1.16 Mil.
Total Current Assets was zł1.23 Mil.
Total Assets was zł2.90 Mil.
Property, Plant and Equipment(Net PPE) was zł0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.03 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł4.48 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.79 Mil.
Net Income was zł-8.39 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-1.89 Mil.
 Total Receivables was zł0.20 Mil.
Revenue was zł1.59 Mil.
Gross Profit was zł1.38 Mil.
Total Current Assets was zł1.33 Mil.
Total Assets was zł7.72 Mil.
Property, Plant and Equipment(Net PPE) was zł0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.07 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł2.88 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 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)
=(0.3 / 1.861) / (0.196 / 1.589)
=0.161204 / 0.123348
=1.3069

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)
=(1.383 / 1.589) / (1.158 / 1.861)
=0.870359 / 0.622246
=1.3987

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 - (1.229 + 0) / 2.898) / (1 - (1.327 + 0.009) / 7.724)
=0.575914 / 0.827033
=0.6964

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
=1.861 / 1.589
=1.1712

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))
=(0.074 / (0.074 + 0.009)) / (0.027 / (0.027 + 0))
=0.891566 / 1
=0.8916

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)
=(0 / 1.861) / (0 / 1.589)
=0 / 0
=1

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)
=((0.79 + 4.475) / 2.898) / ((0 + 2.878) / 7.724)
=1.81677 / 0.372605
=4.8759

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
=(-8.387 - 0 - -1.886) / 2.898
=-2.243271

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.

Oxygen Spolka Akcyjna has a M-score of -13.73 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Oxygen Spolka Akcyjna (WAR:OXY) has a Beneish M-Score of 0.00 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oxygen Spolka Akcyjna and its competitors.
Is Oxygen Spolka Akcyjna's Beneish M-Score too high?
Oxygen Spolka Akcyjna's current Beneish M-Score is 0.00. Overall, Oxygen Spolka Akcyjna has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Oxygen Spolka Akcyjna's Beneish M-Score compare to BLK and BX?
Oxygen Spolka Akcyjna's Beneish M-Score of 0.00 can be compared against companies in the Asset Management 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Oxygen Spolka Akcyjna and its competitors. Oxygen Spolka Akcyjna'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 Oxygen Spolka Akcyjna stock overvalued right now?
Oxygen Spolka Akcyjna (WAR:OXY) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Oxygen Spolka Akcyjna's overall GF Score™ is 4/100. 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 Oxygen Spolka Akcyjna (WAR:OXY), the current Beneish M-Score is 0.00 as of Jul. 03, 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.

Oxygen Spolka Akcyjna Business Description

Address ul. Stanislawa Leszczynskiego 4/29, Wroclaw, POL, 50-078
Oxygen Spolka Akcyjna is an investment holding company. The company invests in companies with an attractive portfolio using financial instruments available on the market.
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Get the complete analysis for WAR:OXY

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

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