Omnia Wellness (Omnia Wellness) Beneish M-Score : 0.00 (As of May. 24, 2024)

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

During the past 7 years, the highest Beneish M-Score of Omnia Wellness was 0.00. The lowest was 0.00. And the median was 0.00.

Omnia Wellness Beneish M-Score Historical Data

The historical data trend for Omnia Wellness'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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Omnia Wellness Beneish M-Score Chart

Omnia Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Beneish M-Score

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-10.39

Omnia Wellness Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Beneish M-Score	Get a 7-Day Free Trial															-	-	-10.39	-11.67	-11.96

Competitive Comparison of Omnia Wellness's Beneish M-Score

For the Leisure subindustry, Omnia Wellness'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.

Omnia Wellness's Beneish M-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Omnia Wellness's Beneish M-Score distribution charts can be found below:

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

Omnia Wellness 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 Omnia Wellness 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 * 0.461

0.528 * 1.0307

0.404 * 0.968

0.892 * 1.1401

0.115 * 1.2144

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.057

4.679 * -1.925129

0.327 * 1.3808

-11.96

This Year (Sep22) TTM:

Last Year (Sep21) TTM:

Total Receivables was $0.14 Mil.
Revenue was 0.028 + 0.134 + 0.139 + 0.057 = $0.36 Mil.
Gross Profit was -0.049 + 0.113 + 0.08 + 0.054 = $0.20 Mil.
Total Current Assets was $0.17 Mil.
Total Assets was $2.14 Mil.
Property, Plant and Equipment(Net PPE) was $0.62 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.37 Mil.
Selling, General, & Admin. Expense(SGA) was $2.35 Mil.
Total Current Liabilities was $7.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.41 Mil.
Net Income was -0.635 + -0.58 + -2.815 + -0.771 = $-4.80 Mil.
Non Operating Income was -0.006 + 0 + -0.033 + 0.152 = $0.11 Mil.
Cash Flow from Operations was -0.053 + -0.117 + 0.674 + -1.304 = $-0.80 Mil.

Total Receivables was $0.27 Mil.
Revenue was 0.058 + 0.037 + 0.219 + 0 = $0.31 Mil.
Gross Profit was 0.049 + 0.031 + 0.099 + 0 = $0.18 Mil.
Total Current Assets was $0.38 Mil.
Total Assets was $2.30 Mil.
Property, Plant and Equipment(Net PPE) was $0.42 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $1.95 Mil.
Total Current Liabilities was $6.31 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 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)
	=	(0.144 / 0.358)	/	(0.274 / 0.314)
	=	0.402235	/	0.872611
	=	0.461

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)
	=	(0.179 / 0.314)	/	(0.198 / 0.358)
	=	0.570064	/	0.553073
	=	1.0307

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 - (0.168 + 0.619) / 2.137)	/	(1 - (0.381 + 0.418) / 2.3)
	=	0.631727	/	0.652609
	=	0.968

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
	=	0.358	/	0.314
	=	1.1401

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))
	=	(0.348 / (0.348 + 0.418))	/	(0.37 / (0.37 + 0.619))
	=	0.454308	/	0.374115
	=	1.2144

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)
	=	(2.35 / 0.358)	/	(1.95 / 0.314)
	=	6.564246	/	6.210191
	=	1.057

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)
	=	((0.412 + 7.876) / 2.137)	/	((0.149 + 6.311) / 2.3)
	=	3.878334	/	2.808696
	=	1.3808

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
	=	(-4.801 - 0.113	-	-0.8)	/	2.137
	=	-1.925129

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.

Omnia Wellness has a M-score of -11.96 suggests that the company is unlikely to be a manipulator.

Omnia Wellness Beneish M-Score Related Terms

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Omnia Wellness (Omnia Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Omnia Wellness Inc (OTCPK:OMWS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

https://www.omniawellness.com

Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.