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Beneish M-Score

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Analysis

Fiscal Years
Trailing Twelve Months
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The following section summarizes insights on 's Beneish M-Score:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024

Performance Summary
  • Beneish m-score for Monarch West Ventures is not meaningful.

How does Monarch West Ventures's Beneish M-Score benchmark against competitors?

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We've identified the following companies as similar to Monarch West Ventures Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Beneish M-Score

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beneish_mscore
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Beneish M-Score in the risk category include:

  • FCF / Net Income - This data item measures the ratio of levered free cash flow to net income to common, excluding extra items. It is a quick and helpful check on the quality of earnings.
  • Current Ratio - A ratio that compares a company's current total assets to its current total liabilities.
  • Debt / Equity, Adjusted - A ratio that measures the level of the debt relative to the book value of common equity plus the absolute value of treasury stock.
  • James Montier's C-score - C-Score developed by James Montier is a score between 0-6 that attempts to identify companies that may be manipulating earnings or "cooking the books".
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Beneish M-Score

A statistical score that uses financial ratios to identify whether a company has manipulated its earnings

Definition of Beneish M-Score

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The Beneish M-Score statistical score that uses financial ratios to identify whether a company has manipulated its earnings.

The Beneish M-Score outlines eight financial ratios required to calculate the score:

1) Days Sales in Receivables Index (DSRI)

DSRI = (Net Receivablest / Salest) / (Net Receivablest-1 / Salest-1)

2) Gross Margin Index (GMI)

GMI = [(Salest-1 - COGSt-1) / Salest-1] / [(Salest - COGSt) / Salest]

3) Asset Quality Index (AQI)

AQI = [(Total Assets - Current Assetst - PP&Et) / Total Assetst] / [(Total Assets - Current Assetst-1 - PP&Et-1) / Total Assetst-1]

4) Sales Growth Index (SGI)

SGI = Salest / Salest-1

5) Depreciation Index (DEPI)

DEPI = (Depreciationt-1/ (PP&Et-1 + Depreciationt-1)) / (Depreciationt / (PP&Et + Depreciationt))

6) Sales General and Administrative Expenses Index (SGAI)

SGAI = (SG&A Expenset / Salest) / (SG&A Expenset-1 / Salest-1)

7) Leverage Index (LVGI)

LVGI = [(Current Liabilitiest + Total Long Term Debtt) / Total Assetst] / [(Current Liabilitiest-1 + Total Long Term Debtt-1) / Total Assetst-1]

8) Total Accruals to Total Assets (TATA)

TATA = (Income from Continuing Operationst - Cash Flows from Operationst) / Total Assetst

After computing the eight variables outlined above, they can be weighted together using the following multivariate model to calculate the score:

Beneish M-Score =
-4.84
(+) 0.92 × DSRI
(+) 0.528 × GMI
(+) 0.404 × AQI
(+) 0.892 × SGI
(+) 0.115 × DEPI
(+) -0.172 × SGAI
(+) 4.679 × TATA
(+) -0.327 × LVGI

Click the link below to download a spreadsheet with an example Beneish M-Score calculation for Monarch West Ventures Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-11.56-2.566.4423.110200400

The chart above depicts the distribution of beneish m-score for companies operating in the Financials sector in the Developed economic region. Over 870 companies were considered in this analysis, and 837 had meaningful values. The average beneish m-score of companies in the sector is -2.16 with a standard deviation of 2.62.

Monarch West Ventures Inc's Beneish M-Score of NM ranks in the - percentile for the sector. The following table provides additional summary stats:

Beneish M-Score In The Financials Sector
Economic Risk RegionDeveloped
Total Constituents871
Included Constituents837
Min-11.85
Max22.76
Median-2.49
Mean-2.16
Standard Deviation2.62

You can find companies with similar beneish m-score using this stock screener.

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