Sun Pacific Holding (Sun Pacific Holding) Beneish M-Score : -34.94 (As of May. 27, 2024)

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What is Sun Pacific Holding 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 -34.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SNPW' s Beneish M-Score Range Over the Past 10 Years
Min: -34.94 Med: -3.2 Max: 49.62
Current: -34.94

During the past 9 years, the highest Beneish M-Score of Sun Pacific Holding was 49.62. The lowest was -34.94. And the median was -3.20.

Sun Pacific Holding Beneish M-Score Historical Data

The historical data trend for Sun Pacific Holding'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.

Sun Pacific Holding Beneish M-Score Chart

Sun Pacific Holding Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

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-19.79

-2.11

-0.97

-12.55

Sun Pacific Holding 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															-7.79	-12.55	-15.12	-16.88	-34.94

Competitive Comparison of Sun Pacific Holding's Beneish M-Score

For the Advertising Agencies subindustry, Sun Pacific Holding'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.

Sun Pacific Holding's Beneish M-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sun Pacific Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sun Pacific Holding's Beneish M-Score falls into.

Sun Pacific Holding 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 Sun Pacific Holding 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 * 1.7542

0.528 * 1.1668

0.404 * 6.4528

0.892 * 0.1425

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 11.6503

4.679 * -6.577778

0.327 * 7.3308

-34.94

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0.023 + 0.023 + 0.013 = $0.06 Mil.
Gross Profit was 0 + 0.019 + 0.02 + 0.009 = $0.05 Mil.
Total Current Assets was $0.02 Mil.
Total Assets was $0.05 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 $0.87 Mil.
Total Current Liabilities was $3.55 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.399 + 0.101 + -0.106 + -0.143 = $-0.55 Mil.
Non Operating Income was 0 + 0.275 + 0 + 0.051 = $0.33 Mil.
Cash Flow from Operations was -0.259 + -0.144 + -0.037 + -0.137 = $-0.58 Mil.

Total Receivables was $0.01 Mil.
Revenue was 0.03 + 0.124 + 0.098 + 0.162 = $0.41 Mil.
Gross Profit was 0.026 + 0.119 + 0.095 + 0.153 = $0.39 Mil.
Total Current Assets was $0.28 Mil.
Total Assets was $0.30 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $0.52 Mil.
Total Current Liabilities was $3.22 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 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)
	=	(0.002 / 0.059)	/	(0.008 / 0.414)
	=	0.033898	/	0.019324
	=	1.7542

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)
	=	(0.393 / 0.414)	/	(0.048 / 0.059)
	=	0.949275	/	0.813559
	=	1.1668

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 - (0.022 + 0) / 0.045)	/	(1 - (0.279 + 0) / 0.303)
	=	0.511111	/	0.079208
	=	6.4528

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
	=	0.059	/	0.414
	=	0.1425

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))
	=	(0.024 / (0.024 + 0))	/	(0 / (0 + 0))
	=	1	/
	=	1

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)
	=	(0.87 / 0.059)	/	(0.524 / 0.414)
	=	14.745763	/	1.2657
	=	11.6503

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 + 3.546) / 0.045)	/	((0.036 + 3.221) / 0.303)
	=	78.8	/	10.749175
	=	7.3308

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
	=	(-0.547 - 0.326	-	-0.577)	/	0.045
	=	-6.577778

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.

Sun Pacific Holding has a M-score of -34.94 suggests that the company is unlikely to be a manipulator.

Sun Pacific Holding Beneish M-Score Related Terms

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Sun Pacific Holding (Sun Pacific Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sun Pacific Holding Corp (OTCPK:SNPW) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Highway 9 South, Suite 388, Manalapan, NJ, USA, 07726

Website

https://www.sunpacificholding.com

Sun Pacific Holding Corp is a green energy company specializing in solar and waste-to-energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages green technologies that support renewable energy solutions. Sun Pacific operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, and National Mechanical Corp. The company provides solar bus stops, solar trashcans, and street kiosks that utilize its advertising offerings that provide State and local municipalities with costs efficient solutions.

Executives

Nicholas B Campanella	director, 10 percent owner, officer: CEO	3 KELTON PLACE, MANALAPAN NJ 07726
Vincent Randazzo	director	18822, LISTER LANE, HUNTINGTON BEACH CA 92646
William J. Singer	director, officer: President	1482 E VALLEY RD, SANTA BARBARA CA 93108
Sumair Mitroo	director	4020 GALT OCEAN MILE, APT. 1607, FT. LAUDERDALE FL 33308
Karen Elizabeth Jervis	officer: Chief Executive Officer	1 BELLFIELD CRESCENT, EDDLESTON, PEEBLES X0 EH45 8RQ
Graham Philip May	officer: Chief Operating Officer	36 SPITAL SQUARE, 4TH FLOOR, LONDON X0 E1 6DY
David Cooper	director	52 QUEEN ANNE STREET, LONDON X0 W1G 8HL
Oxon Life Science Ltd	10 percent owner	DONEGAN, ZETLANDS, NEVIS U7 0000
Konstantinos Kardiasmenos	director, officer: Pres/CEO/CFO/Sec. and Treas.	4 PTOLEMEON STREET, ATHENS J3 11635
Lars Christiansen	10 percent owner	13 MERINO COURT, 154 LIVER STREET, LONDON X0 EC1V 8BG
Mitchell Johnson	director, officer: President and CEO	SUITE 5.15 MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU
Infrablue Inc.	10 percent owner	J&J BUSINESS COMPLEX, SUITE 102, FRIARS HILL ROAD, ST. JOHN'S B9 0000
Keydata Technology Partnership 3 Llp	10 percent owner	ONE ANGEL COURT, LONDON X0 EC2R 7HJ