Power Nickel (XSGO:CMXCL) Beneish M-Score: 0.00 (As of Jul. 03, 2026)


What is Power Nickel Beneish M-Score?

Power Nickel XSGO:CMXCL 26 Beneish M-Score is 0.00 as of Jul. 03, 2026. GuruFocus rates XSGO:CMXCL with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 683 Metals & Mining companies, Power Nickel ranks worse than 146412.74% on this metric.

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 Power Nickel's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Power Nickel was 0.00. The lowest was 0.00. And the median was 0.00.

Power Nickel Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Power Nickel'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.

Power Nickel Beneish M-Score Chart

Power Nickel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Power Nickel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

Power Nickel Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Power Nickel'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.

Power Nickel Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Power Nickel's Beneish M-Score distribution charts can be found below:

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


Power Nickel 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 Power Nickel 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was CLP2,448.18 Mil.
Revenue was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Gross Profit was -0.665 + -0.663 + -0.694 + -0.686 = CLP-2.71 Mil.
Total Current Assets was CLP9,887.18 Mil.
Total Assets was CLP10,152.62 Mil.
Property, Plant and Equipment(Net PPE) was CLP5.99 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP2.71 Mil.
Selling, General, & Admin. Expense(SGA) was CLP3,442.32 Mil.
Total Current Liabilities was CLP11,129.90 Mil.
Long-Term Debt & Capital Lease Obligation was CLP0.00 Mil.
Net Income was -5928.849 + -4658.834 + -11956.579 + -4287.136 = CLP-26,831.40 Mil.
Non Operating Income was 3762.744 + 2562.624 + 560.54 + 211.922 = CLP7,097.83 Mil.
Cash Flow from Operations was -7953.919 + -6518.525 + -7487.517 + -5015.49 = CLP-26,975.45 Mil.
 Total Receivables was CLP865.70 Mil.
Revenue was 0 + 0 + 0 + 0 = CLP0.00 Mil.
Gross Profit was -0.649 + -0.691 + 0 + 0 = CLP-1.34 Mil.
Total Current Assets was CLP32,626.27 Mil.
Total Assets was CLP32,634.07 Mil.
Property, Plant and Equipment(Net PPE) was CLP8.44 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP0.65 Mil.
Selling, General, & Admin. Expense(SGA) was CLP5,638.93 Mil.
Total Current Liabilities was CLP15,105.19 Mil.
Long-Term Debt & Capital Lease Obligation was CLP0.00 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)
=(2448.178 / 0) / (865.696 / 0)
= /
=

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)
=(-1.34 / 0) / (-2.708 / 0)
= /
=

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 - (9887.181 + 5.987) / 10152.622) / (1 - (32626.271 + 8.443) / 32634.065)
=0.025555 / -2.0E-5
=

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 / 0
=

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))
=(0.649 / (0.649 + 8.443)) / (2.708 / (2.708 + 5.987))
=0.071381 / 0.311443
=

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)
=(3442.319 / 0) / (5638.934 / 0)
= /
=

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 + 11129.898) / 10152.622) / ((0 + 15105.188) / 32634.065)
=1.096258 / 0.462866
=

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
=(-26831.398 - 7097.83 - -26975.451) / 10152.622
=-0.684924

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Power Nickel (XSGO:CMXCL) 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 Power Nickel and its competitors. According to the industry distribution chart, Power Nickel ranks #999999 out of 683 companies in the Metals & Mining industry.
Is Power Nickel's Beneish M-Score too high?
Power Nickel's current Beneish M-Score is 0.00. Based on the distribution chart, Power Nickel ranks #999999 out of 683 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Power Nickel has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Power Nickel's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Power Nickel ranks #999999 out of 683 companies for Beneish M-Score. This places Power Nickel in the lower half of its 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 a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Power Nickel and its competitors. Power Nickel'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 Power Nickel stock overvalued right now?
Power Nickel (XSGO:CMXCL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Power Nickel's overall GF Score™ is 26/100 with 1 warning sign to review. 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 Power Nickel (XSGO:CMXCL), 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.

Power Nickel Business Description

Address 82 Richmond Street East, Suite 202, Toronto, ON, CAN, M5C 1P1
Power Metallic Mines Inc operates as a resource exploration company. The company is engaged in the business of acquiring and exploring mineral properties in Chile and Canada. The projects portfolio of the company include Palo Negro and Hornitos properties, Tierra de Oro, Copaquire, Golden Ivan, Zulema, NISK, among others. It operates in one industry segment, namely the exploration of mineral resources.