Bion Environmental Technologies (Bion Environmental Technologies) Beneish M-Score : 0.00 (As of May. 26, 2024)

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What is Bion Environmental Technologies 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 Bion Environmental Technologies's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Bion Environmental Technologies was 3.22. The lowest was -880.15. And the median was -207.31.

Bion Environmental Technologies Beneish M-Score Historical Data

The historical data trend for Bion Environmental Technologies'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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Bion Environmental Technologies Beneish M-Score Chart

Bion Environmental Technologies Annual Data

Trend

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Beneish M-Score

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Bion Environmental Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Bion Environmental Technologies's Beneish M-Score

For the Pollution & Treatment Controls subindustry, Bion Environmental Technologies'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.

Bion Environmental Technologies's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bion Environmental Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bion Environmental Technologies's Beneish M-Score falls into.

Bion Environmental Technologies 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 Bion Environmental Technologies 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 (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.18 Mil.
Total Assets was $9.57 Mil.
Property, Plant and Equipment(Net PPE) was $9.39 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.55 Mil.
Total Current Liabilities was $4.47 Mil.
Long-Term Debt & Capital Lease Obligation was $1.71 Mil.
Net Income was -0.538 + -0.719 + -0.746 + -0.682 = $-2.69 Mil.
Non Operating Income was -0.001 + 0 + 0 + 0 = $-0.00 Mil.
Cash Flow from Operations was -0.305 + -0.055 + -0.395 + -0.447 = $-1.20 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $1.73 Mil.
Total Assets was $7.63 Mil.
Property, Plant and Equipment(Net PPE) was $5.90 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $3.20 Mil.
Total Current Liabilities was $1.59 Mil.
Long-Term Debt & Capital Lease Obligation was $1.86 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 / 0)	/	(0 / 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)
	=	(0 / 0)	/	(0 / 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 - (0.177 + 9.393) / 9.57)	/	(1 - (1.732 + 5.895) / 7.627)
	=	0	/	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	/	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 / (0 + 5.895))	/	(0 / (0 + 9.393))
	=	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)
	=	(2.545 / 0)	/	(3.197 / 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)
	=	((1.711 + 4.467) / 9.57)	/	((1.855 + 1.585) / 7.627)
	=	0.645559	/	0.451029
	=

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
	=	(-2.685 - -0.001	-	-1.202)	/	9.57
	=	-0.154859

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.

Bion Environmental Technologies Beneish M-Score Related Terms

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Bion Environmental Technologies (Bion Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bion Environmental Technologies Inc (OTCPK:BNET) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 East Park Couret, Old Bethpage, New York, NY, USA, 11804

Website

https://www.bionenviro.com

Bion Environmental Technologies Inc provides sustainable environmental and economic solutions to the food and livestock industry. Its proven technology offers a comprehensive treatment of livestock waste that largely eliminates its environmental impacts, while simultaneously recovering valuable assets from the waste stream, including renewable energy, nutrients, and clean water that have traditionally been wasted or underutilized. Revenues are generated from the sale of nutrient reduction credits. Geographically, the operations are conducted through the region of the United States.

Executives

Anthony Orphanos	10 percent owner	C/O BLACKSMITH ADVISORS, LLC, 40 WEST 57TH STREET, 20TH FLOOR, NEW YORK NY 10019
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
William F. Rupp	director	C/O BION ENVIRONMENTAL TECHNOLOGIES, INC, PO BOX 323, OLD BETHPAGE NY 11804
William O'neill	officer: CEO	C/O BION ENVIRONMENTAL TECHNOLOGIES INC., PO BOX 323, OLD BETHPAGE NY 11804
Danielle C. Lominy	10 percent owner	6400 VILLAGE HILL DRIVE, DIX HILLS NY 11746
Christopher B. Parlow	10 percent owner	23 LONGBOW DRIVE, COMMACK NY 11725
Jon Northrop	director, officer: Secretary
Mark A Smith	director, 10 percent owner, officer: President	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Dominic Bassani	10 percent owner, officer: CEO	C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Edward T Schafer	director, officer: Executive Vice Chairman	1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Bright Capital Ltd.	10 percent owner	64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Jere Northrop	director, officer: Senior Technology Officer	1961 TONAWANDA CREEK RD, AMHERST NY 14228
Jeremy Rowland	officer: COO of Bion Dairy	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
George Bloom	officer: COO of Bion Technologies	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Chris-dan, Llc	10 percent owner	64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746