Digital Commodities Capital (XCNQ:RIPP) Beneish M-Score : 0.00 (As of Mar. 30, 2025)

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What is Digital Commodities Capital 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 Digital Commodities Capital's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Digital Commodities Capital was 54.48. The lowest was -6.88. And the median was 1.64.

Digital Commodities Capital Beneish M-Score Historical Data

The historical data trend for Digital Commodities Capital'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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Digital Commodities Capital Beneish M-Score Chart

Digital Commodities Capital Annual Data

Trend

Feb22

Feb23

Feb24

Beneish M-Score

-6.88

Digital Commodities Capital Quarterly Data
	Aug20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Beneish M-Score	Get a 7-Day Free Trial											54.48	-6.88	-	-	-

Competitive Comparison of Digital Commodities Capital's Beneish M-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Digital Commodities Capital'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.

Digital Commodities Capital's Beneish M-Score Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Digital Commodities Capital's Beneish M-Score falls into.

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Digital Commodities Capital 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 Digital Commodities Capital 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 (Nov24) TTM:

Last Year (Nov23) TTM:

Total Receivables was C$0.13 Mil.
Revenue was 0.037 + 0.036 + 0.006 + -0.473 = C$-0.39 Mil.
Gross Profit was -0.015 + -0.032 + -0.016 + 0.122 = C$0.06 Mil.
Total Current Assets was C$0.94 Mil.
Total Assets was C$0.96 Mil.
Property, Plant and Equipment(Net PPE) was C$0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.01 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.65 Mil.
Total Current Liabilities was C$0.50 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Net Income was -0.129 + -0.398 + 0.019 + -0.526 = C$-1.03 Mil.
Non Operating Income was 0 + -0.232 + 0.182 + -0.34 = C$-0.39 Mil.
Cash Flow from Operations was -0.13 + -0.112 + -0.317 + -0.052 = C$-0.61 Mil.

Total Receivables was C$0.89 Mil.
Revenue was 0.075 + 0.262 + 0.198 + -0.513 = C$0.02 Mil.
Gross Profit was -0.188 + 0.049 + 0.076 + 0.065 = C$0.00 Mil.
Total Current Assets was C$1.52 Mil.
Total Assets was C$1.56 Mil.
Property, Plant and Equipment(Net PPE) was C$0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.01 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.85 Mil.
Total Current Liabilities was C$0.75 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)
	=	(0.126 / -0.394)	/	(0.887 / 0.022)
	=		/	40.318182
	=

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)
	=	(0.002 / 0.022)	/	(0.059 / -0.394)
	=	0.090909	/
	=

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 - (0.936 + 0.022) / 0.96)	/	(1 - (1.518 + 0.035) / 1.556)
	=	0.002083	/	0.001928
	=

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
	=	-0.394	/	0.022
	=

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))
	=	(0.012 / (0.012 + 0.035))	/	(0.012 / (0.012 + 0.022))
	=	0.255319	/	0.352941
	=

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)
	=	(0.649 / -0.394)	/	(0.848 / 0.022)
	=		/	38.545455
	=

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 + 0.499) / 0.96)	/	((0 + 0.748) / 1.556)
	=	0.519792	/	0.48072
	=

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
	=	(-1.034 - -0.39	-	-0.611)	/	0.96
	=	-0.034375

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.

Digital Commodities Capital Beneish M-Score Related Terms

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Digital Commodities Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Digital Commodities Capital Corp (XCNQ:RIPP) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

BCBCF:USA W04:Germany

Address

West Broadway, Suite 830-999, Vancouver, BC, CAN, V5Z 1K5

Website

https://www.thebcbc.com

The BC Bud Corp is a house of brands based in British Columbia, Canada selling products in the dried flower, concentrates, vape cartridges, and edibles categories under The BC Bud Co., Solventless Solutions. brands. As a cannabis company, it focuses on creating a brand model rather than investing in redundant and low-margin cultivation facilities. Coming with a vision to embrace a world with fewer distribution borders, prioritizing the brand experience.

Executives

Karim Mohamedani	10% Security Holder
Brayden Robert Sutton	Director
Thomas Taylor	Director

Digital Commodities Capital Headlines

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