Ambari Brands (XCNQ:AMB) Beneish M-Score : 0.00 (As of May. 10, 2024)

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

During the past 2 years, the highest Beneish M-Score of Ambari Brands was 0.00. The lowest was 0.00. And the median was 0.00.

Ambari Brands Beneish M-Score Historical Data

The historical data trend for Ambari Brands'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.

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Ambari Brands Beneish M-Score Chart

Ambari Brands Annual Data

Trend

Dec21

Dec22

Beneish M-Score

Ambari Brands Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Beneish M-Score	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Ambari Brands's Beneish M-Score

For the Specialty Retail subindustry, Ambari Brands'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.

Ambari Brands's Beneish M-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ambari Brands's Beneish M-Score distribution charts can be found below:

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

Ambari Brands 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 Ambari Brands 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 (Sep23) TTM:

Last Year (Jun22) TTM:

Total Receivables was C$0.09 Mil.
Revenue was 0 + 0.055 + 0.027 + 0.068 = C$0.15 Mil.
Gross Profit was -0.005 + 0.013 + -0.055 + 0.025 = C$-0.02 Mil.
Total Current Assets was C$1.58 Mil.
Total Assets was C$1.67 Mil.
Property, Plant and Equipment(Net PPE) was C$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was C$1.89 Mil.
Total Current Liabilities was C$0.14 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Net Income was -1.091 + -0.174 + -0.415 + -0.326 = C$-2.01 Mil.
Non Operating Income was -0.008 + 0 + -0.029 + -0.004 = C$-0.04 Mil.
Cash Flow from Operations was 0 + -0.254 + -0.004 + -0.708 = C$-0.97 Mil.

Total Receivables was C$0.42 Mil.
Revenue was 0.021 + 0.087 + 0.084 + 0.015 = C$0.21 Mil.
Gross Profit was 0.011 + 0.062 + 0.099 + -0.016 = C$0.16 Mil.
Total Current Assets was C$2.08 Mil.
Total Assets was C$2.08 Mil.
Property, Plant and Equipment(Net PPE) was C$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was C$3.87 Mil.
Total Current Liabilities was C$0.14 Mil.
Long-Term Debt & Capital Lease Obligation was C$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)
	=	(0.089 / 0.15)	/	(0.421 / 0.207)
	=	0.593333	/	2.033816
	=

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)
	=	(0.156 / 0.207)	/	(-0.022 / 0.15)
	=	0.753623	/	-0.146667
	=

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 - (1.579 + 0) / 1.666)	/	(1 - (2.076 + 0) / 2.076)
	=	0.052221	/	0
	=

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
	=	0.15	/	0.207
	=

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 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(1.887 / 0.15)	/	(3.87 / 0.207)
	=	12.58	/	18.695652
	=

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 + 0.138) / 1.666)	/	((0 + 0.141) / 2.076)
	=	0.082833	/	0.067919
	=

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
	=	(-2.006 - -0.041	-	-0.966)	/	1.666
	=	-0.59964

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.

Ambari Brands Beneish M-Score Related Terms

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Ambari Brands (XCNQ:AMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ambari Brands Inc (XCNQ:AMB) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

AMBBF:USA Y92:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.ambaribeauty.com

Ambari Brands Incy is an emerging cosmetic company. It is a luxury, performance-driven skincare company, whose line of products is based on its customized Blend, which combines high levels of active ingredients, smart adaptogens, and broad-spectrum CBD. The firm has developed three core products - the Gold Profection22 Mask, the PM Active12 Serum and the Complex4 Hydrator Cream. The company's products are currently sold directly through its e-commerce platform, as well as through select luxury retailers online.

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