Motos America (Motos America) Beneish M-Score : 0.00 (As of Jun. 10, 2024)

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What is Motos America 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 Motos America's Beneish M-Score or its related term are showing as below:

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

Motos America Beneish M-Score Historical Data

The historical data trend for Motos America'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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Motos America Beneish M-Score Chart

Motos America Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Beneish M-Score

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Motos America Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Beneish M-Score	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Motos America's Beneish M-Score

For the Auto & Truck Dealerships subindustry, Motos America'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.

Motos America's Beneish M-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Motos America's Beneish M-Score distribution charts can be found below:

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

Motos America 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 Motos America 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 (Jul22) TTM:

Last Year (Jul21) TTM:

Total Receivables was $0.22 Mil.
Revenue was 13.257 + 6.919 + 0.003 + 0 = $20.18 Mil.
Gross Profit was 2.956 + 1.429 + 0.003 + 0 = $4.39 Mil.
Total Current Assets was $5.58 Mil.
Total Assets was $9.56 Mil.
Property, Plant and Equipment(Net PPE) was $2.91 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $6.53 Mil.
Total Current Liabilities was $7.40 Mil.
Long-Term Debt & Capital Lease Obligation was $1.82 Mil.
Net Income was -1.424 + -0.368 + -0.315 + -24.887 = $-26.99 Mil.
Non Operating Income was 0 + 0 + 0 + -24.879 = $-24.88 Mil.
Cash Flow from Operations was 0.575 + -2.617 + 21.038 + -20.763 = $-1.77 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 $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.03 Mil.
Total Current Liabilities was $2.32 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)
	=	(0.218 / 20.179)	/	(0 / 0)
	=	0.010803	/
	=

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)	/	(4.388 / 20.179)
	=		/	0.217454
	=

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 - (5.583 + 2.909) / 9.563)	/	(1 - (0.001 + 0) / 0.001)
	=	0.111994	/	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
	=	20.179	/	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 + 0))	/	(0 / (0 + 2.909))
	=		/	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)
	=	(6.533 / 20.179)	/	(0.027 / 0)
	=	0.323752	/
	=

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)
	=	((1.818 + 7.395) / 9.563)	/	((0 + 2.322) / 0.001)
	=	0.963401	/	2322
	=

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
	=	(-26.994 - -24.879	-	-1.767)	/	9.563
	=	-0.03639

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.

Motos America Beneish M-Score Related Terms

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Motos America (Motos America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motos America Inc (OTCPK:MTAM) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

510 South 200 West, Suite 110, Salt Lake City, UT, USA, 84101

Website

https://www.motosamerica.com

Motos America Inc purchases and operates Powersports dealerships, with an emphasis on European luxury motorcycle brands, including BMW Motorcycles, Triumph Motorcycles, and Ducati Motorcycles.

Executives

Mun Wai Wong	director	NO. 20 JALAN SS 15/5G, SUBANG JAYA, SELANGOR N8 47500
Chow Wing Loke	officer: Chief Financial Officer	NO. 6, JALAN KENANGA SD9/5J, BANDAR SRI DAMANSARA, KUALA LUMPUR N8 52200
Chee Keun Chim	director	22A-3 JALAN METRO PUDU, OFF JALAN LOKE YEW, FRASER BUSINESS PARK, KUALA LUMPUR N8 55100
Pui Hold Ho	director	22A-3, JALAN METRO PUDU, OFF JALAN LOKE YEW, FRASER BUSINESS PARK, KUALA LUMPUR N8 55100
Kwueh Lin Wong	director, 10 percent owner, officer: CFO and Secretary	22A-3, JALAN METRO PUDU, JALAN LOKE YEW, FRASIER BUSINESS PARK, KUALA LUMPUR N8 55100
Shiong Han Wee	director, 10 percent owner, officer: CEO and President	22A-3, JALAN METRO PUDU, JALAN LOKE YEW, FRASIER BUSINESS PARK, KUALA LUMPUR N8 55100
Alexander Langer	director	1405 MAHON AVENUE, NORTH VANCOUVER A1 V7M 2S3
William Lorne Mccullagh	director	4514 - 248 STREET, #2, ALDERGROVE A1 V4W 1B6
Kerry J. Mccullagh	director, 10 percent owner, officer: President, CEO & CFO	SUITE 206 - 475 HOWE STREET, VANCOUVER A1 V6C 2B3