SICABLE Cote d'Ivoire (XBRV:CABC) Beneish M-Score: 0.00 (As of Sep. 21, 2026)

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What is SICABLE Cote d'Ivoire Beneish M-Score?

SICABLE Cote d'Ivoire XBRV:CABC -2.00% Beneish M-Score is 0.00 as of Sep. 21, 2026.

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 SICABLE Cote d'Ivoire's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of SICABLE Cote d'Ivoire was 0.00. The lowest was 0.00. And the median was 0.00.

SICABLE Cote d'Ivoire Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SICABLE Cote d'Ivoire'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.

SICABLE Cote d'Ivoire Beneish M-Score Chart

SICABLE Cote d'Ivoire Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.63 - - - -3.03

SICABLE Cote d'Ivoire Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - - - - -2.22

XBRV:CABC vs ALPP, WAYS: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, SICABLE Cote d'Ivoire'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.

SICABLE Cote d'Ivoire Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, SICABLE Cote d'Ivoire's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SICABLE Cote d'Ivoire's Beneish M-Score falls into.


SICABLE Cote d'Ivoire 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 SICABLE Cote d'Ivoire 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 * 0.9832+0.528 * 0.0941+0.404 * 0.7242+0.892 * 1.0822+0.115 * 2.1402
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.0539+4.679 * 0.006722-0.327 * 0.9375
=-3.01

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was XOF6,102 Mil.
Revenue was XOF15,010 Mil.
Gross Profit was XOF3,536 Mil.
Total Current Assets was XOF19,156 Mil.
Total Assets was XOF19,656 Mil.
Property, Plant and Equipment(Net PPE) was XOF443 Mil.
Depreciation, Depletion and Amortization(DDA) was XOF235 Mil.
Selling, General, & Admin. Expense(SGA) was XOF1,467 Mil.
Total Current Liabilities was XOF7,830 Mil.
Long-Term Debt & Capital Lease Obligation was XOF0 Mil.
Net Income was XOF1,225 Mil.
Gross Profit was XOF Mil.
Cash Flow from Operations was XOF1,093 Mil.
 Total Receivables was XOF5,734 Mil.
Revenue was XOF13,869 Mil.
Gross Profit was XOF307 Mil.
Total Current Assets was XOF18,845 Mil.
Total Assets was XOF19,350 Mil.
Property, Plant and Equipment(Net PPE) was XOF427 Mil.
Depreciation, Depletion and Amortization(DDA) was XOF1,231 Mil.
Selling, General, & Admin. Expense(SGA) was XOF660 Mil.
Total Current Liabilities was XOF8,222 Mil.
Long-Term Debt & Capital Lease Obligation was XOF0 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)
=(6101.633 / 15009.98) / (5734.423 / 13869.329)
=0.406505 / 0.413461
=0.9832

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)
=(307.282 / 13869.329) / (3535.782 / 15009.98)
=0.022156 / 0.235562
=0.0941

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 - (19156.167 + 443.362) / 19656.294) / (1 - (18845.38 + 427.109) / 19349.648)
=0.002888 / 0.003988
=0.7242

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
=15009.98 / 13869.329
=1.0822

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))
=(1231.078 / (1231.078 + 427.109)) / (235.484 / (235.484 + 443.362))
=0.742424 / 0.346889
=2.1402

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)
=(1467.27 / 15009.98) / (660.097 / 13869.329)
=0.097753 / 0.047594
=2.0539

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 + 7829.918) / 19656.294) / ((0 + 8221.631) / 19349.648)
=0.398342 / 0.424898
=0.9375

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
=(1224.828 - 0 - 1092.703) / 19656.294
=0.006722

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.

SICABLE Cote d'Ivoire has a M-score of -3.01 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?
SICABLE Cote d'Ivoire (XBRV:CABC) has a Beneish M-Score of 0.00 as of Sep. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SICABLE Cote d'Ivoire and its competitors.
Is SICABLE Cote d'Ivoire's Beneish M-Score too high?
SICABLE Cote d'Ivoire's current Beneish M-Score is 0.00.
How does SICABLE Cote d'Ivoire's Beneish M-Score compare to ALPP and WAYS?
SICABLE Cote d'Ivoire's Beneish M-Score of 0.00 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 SICABLE Cote d'Ivoire and its competitors. SICABLE Cote d'Ivoire'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 SICABLE Cote d'Ivoire stock overvalued right now?
SICABLE Cote d'Ivoire (XBRV:CABC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 SICABLE Cote d'Ivoire (XBRV:CABC), the current Beneish M-Score is 0.00 as of Sep. 21, 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.

SICABLE Cote d'Ivoire Business Description

Address ZI Vridi, rue du Textile, Abidjan, CIV, BP 35
SICABLE Cote d'Ivoire is engaged in manufacturing and selling electric cables in Ivory Coast and internationally. The company offers domestic wires and cables, rigid industrial cables, aerial cables, naked conductors, underground cables, and naked drivers.