Accredited Solutions (Accredited Solutions) Beneish M-Score : -7.95 (As of May. 12, 2024)

View and export this data going back to . Start your Free Trial

What is Accredited Solutions 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.

Good Sign:

Beneish M-Score -7.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Accredited Solutions's Beneish M-Score or its related term are showing as below:

ASII' s Beneish M-Score Range Over the Past 10 Years
Min: -340.5 Med: -7.95 Max: 10.12
Current: -7.95

During the past 13 years, the highest Beneish M-Score of Accredited Solutions was 10.12. The lowest was -340.50. And the median was -7.95.

Accredited Solutions Beneish M-Score Historical Data

The historical data trend for Accredited Solutions'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.

* Premium members only.

Accredited Solutions Beneish M-Score Chart

Accredited Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

Get a 7-Day Free Trial

4.71

-340.50

Accredited Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial															-18.65	-	-	-5.81	-7.95

Competitive Comparison of Accredited Solutions's Beneish M-Score

For the Beverages - Non-Alcoholic subindustry, Accredited Solutions'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.

Accredited Solutions's Beneish M-Score Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Beneish M-Score distribution charts can be found below:

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

Accredited Solutions 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 Accredited Solutions 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 * 1.7483

0.528 * 1.0306

0.404 * 1.1097

0.892 * 2.2063

0.115 * 0.2631

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.1101

4.679 * -1.431894

0.327 * 3.0369

-7.95

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.08 Mil.
Revenue was 0.165 + 0.222 + 0.156 + 0.163 = $0.71 Mil.
Gross Profit was 0.043 + 0.059 + 0.026 + 0.024 = $0.15 Mil.
Total Current Assets was $0.14 Mil.
Total Assets was $0.60 Mil.
Property, Plant and Equipment(Net PPE) was $0.06 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $0.22 Mil.
Total Current Liabilities was $6.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.251 + -1.538 + -0.231 + -2.367 = $-4.39 Mil.
Non Operating Income was -0.169 + -1.377 + -0.093 + -1.789 = $-3.43 Mil.
Cash Flow from Operations was 0.034 + 0.004 + -0.048 + -0.087 = $-0.10 Mil.

Total Receivables was $0.02 Mil.
Revenue was 0.207 + 0.113 + 0 + 0 = $0.32 Mil.
Gross Profit was 0.04 + 0.031 + 0 + 0 = $0.07 Mil.
Total Current Assets was $0.17 Mil.
Total Assets was $0.69 Mil.
Property, Plant and Equipment(Net PPE) was $0.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.89 Mil.
Total Current Liabilities was $2.34 Mil.
Long-Term Debt & Capital Lease Obligation was $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)
	=	(0.081 / 0.706)	/	(0.021 / 0.32)
	=	0.114731	/	0.065625
	=	1.7483

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)
	=	(0.071 / 0.32)	/	(0.152 / 0.706)
	=	0.221875	/	0.215297
	=	1.0306

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 - (0.137 + 0.063) / 0.602)	/	(1 - (0.172 + 0.102) / 0.688)
	=	0.667774	/	0.601744
	=	1.1097

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
	=	0.706	/	0.32
	=	2.2063

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))
	=	(0.011 / (0.011 + 0.102))	/	(0.037 / (0.037 + 0.063))
	=	0.097345	/	0.37
	=	0.2631

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)
	=	(0.216 / 0.706)	/	(0.889 / 0.32)
	=	0.305949	/	2.778125
	=	0.1101

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 + 6.226) / 0.602)	/	((0 + 2.343) / 0.688)
	=	10.342193	/	3.405523
	=	3.0369

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
	=	(-4.387 - -3.428	-	-0.097)	/	0.602
	=	-1.431894

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.

Accredited Solutions has a M-score of -7.95 suggests that the company is unlikely to be a manipulator.

Accredited Solutions Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Accredited Solutions's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Accredited Solutions (Accredited Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.goodhemplivin.com

Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P