Searchlight Resources (Searchlight Resources) Beneish M-Score : 0.00 (As of Jun. 10, 2024)

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

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

Searchlight Resources Beneish M-Score Historical Data

The historical data trend for Searchlight Resources'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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Searchlight Resources Beneish M-Score Chart

Searchlight Resources Annual Data

Trend

Jun13

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beneish M-Score

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Searchlight Resources 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 Searchlight Resources's Beneish M-Score

For the Other Industrial Metals & Mining subindustry, Searchlight Resources'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.

Searchlight Resources's Beneish M-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Searchlight Resources's Beneish M-Score distribution charts can be found below:

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

Searchlight Resources 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 Searchlight Resources 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 $0.06 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.37 Mil.
Total Assets was $0.93 Mil.
Property, Plant and Equipment(Net PPE) was $0.56 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.23 Mil.
Total Current Liabilities was $0.10 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.096 + -0.517 + -0.163 + -0.221 = $-1.00 Mil.
Non Operating Income was 0.027 + 0.037 + 0.009 + 0.005 = $0.08 Mil.
Cash Flow from Operations was -0.148 + -0.525 + -0.224 + -0.001 = $-0.90 Mil.

Total Receivables was $0.17 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $1.26 Mil.
Total Assets was $1.78 Mil.
Property, Plant and Equipment(Net PPE) was $0.52 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.39 Mil.
Total Current Liabilities was $0.09 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)
	=	(0.055 / 0)	/	(0.169 / 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 - (0.368 + 0.56) / 0.928)	/	(1 - (1.257 + 0.519) / 1.777)
	=	0	/	0.000563
	=

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 + 0.519))	/	(0 / (0 + 0.56))
	=	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)
	=	(0.227 / 0)	/	(0.39 / 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)
	=	((0 + 0.1) / 0.928)	/	((0 + 0.091) / 1.777)
	=	0.107759	/	0.05121
	=

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
	=	(-0.997 - 0.078	-	-0.898)	/	0.928
	=	-0.190733

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.

Searchlight Resources Beneish M-Score Related Terms

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Searchlight Resources (Searchlight Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Searchlight Resources Inc (OTCPK:SCLTF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

2CC2:Germany SCLT:Canada

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.searchlightresources.com

Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.

Executives

John Reynolds Kerr	director	#215 - 515 WEST PENDER STREET, VANCOUVER A1 V6B 6H5
James Ernest Yates	director	371 NEWDALE COURT, NORTH VANCOUVER A1 V7N 3H3
Andrew F Malim	director	7 OVINGTON STREET, LONDON X0 SW3 2JA
Mcfarland Cole E	director	1815 SPRINGVALE LANE, LINCOLN CA 95648
Mark A Reynolds	director	1066 WEST HASTINGS STREET, SUITE 680, P.O. BOX 12575, VANCOUVER A1 V6E 3X1
Benjamin Ainsworth	director, officer: Secretary	#408 - 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Anthony R Harvey	director, officer: Chairman and CEO	STE. 408, 1199 WEST PENDER STREET, VANCOUVER A1 V6E 2R1
Robert Fredrick Weicker	director	3000 WALTON AVE, COQUITLAM A1 V3B6V6
Bryan Hugh Wilson	director	84 CEDARCREST CRESCENT, RICHMOND HILL A6 L4S 2P4
Kurt Bordian	officer: Chief Financial Officer	217 FIFTH AVENUE, NEW WESTMINSTER A1 V3L 1R5
Milton Datsopoulos	director, officer: Chairman	201 WEST MAIN STREET, SUITE 201, MISSOULA MT 59802
Timothy Dudley Hipsher	director, officer: Secretary	SUITE 1458 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Cameron John Reynolds	director, officer: C.F.O.	1489 WEST WARM SPRINGS ROAD, SUITE 110, HENDERSON NV 89014
Brent Glen Jardine	director, 10 percent owner, officer: President	1450 - 409 GRANVILLE STREET, VANCOUVER A1 V6C 1T2
Andrei Stytsenko	director, 10 percent owner