Champion Gaming Group (Champion Gaming Group) Beneish M-Score : 0.00 (As of Jun. 08, 2024)

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What is Champion Gaming Group 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 Champion Gaming Group's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Champion Gaming Group was -73.92. The lowest was -73.92. And the median was -73.92.

Champion Gaming Group Beneish M-Score Historical Data

The historical data trend for Champion Gaming Group'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.

Champion Gaming Group Beneish M-Score Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

Beneish M-Score

-73.92

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial							-	-73.92	-	-	-

Competitive Comparison of Champion Gaming Group's Beneish M-Score

For the Electronic Gaming & Multimedia subindustry, Champion Gaming Group'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.

Champion Gaming Group's Beneish M-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Champion Gaming Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Champion Gaming Group's Beneish M-Score falls into.

Champion Gaming Group 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 Champion Gaming Group 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 (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.01 Mil.
Revenue was 0.094 + 0.12 + 0.188 + 0.269 = $0.67 Mil.
Gross Profit was 0.056 + 0.067 + 0.134 + 0.216 = $0.47 Mil.
Total Current Assets was $0.22 Mil.
Total Assets was $0.32 Mil.
Property, Plant and Equipment(Net PPE) was $0.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $1.38 Mil.
Total Current Liabilities was $4.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.20 Mil.
Net Income was -0.339 + -0.49 + -0.447 + -0.967 = $-2.24 Mil.
Non Operating Income was -0.005 + -0.025 + 0 + -0.738 = $-0.77 Mil.
Cash Flow from Operations was -0.15 + -0.077 + -0.259 + -0.256 = $-0.74 Mil.

Total Receivables was $0.01 Mil.
Revenue was 0.235 + 0.201 + 0.314 + 0.409 = $1.16 Mil.
Gross Profit was 0.15 + 0.184 + 0.268 + 0.355 = $0.96 Mil.
Total Current Assets was $0.07 Mil.
Total Assets was $0.63 Mil.
Property, Plant and Equipment(Net PPE) was $0.56 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.21 Mil.
Selling, General, & Admin. Expense(SGA) was $6.02 Mil.
Total Current Liabilities was $2.69 Mil.
Long-Term Debt & Capital Lease Obligation was $0.95 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)
	=	(0.01 / 0.671)	/	(0.01 / 1.159)
	=	0.014903	/	0.008628
	=

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)
	=	(0.957 / 1.159)	/	(0.473 / 0.671)
	=	0.825712	/	0.704918
	=

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 - (0.222 + 0.098) / 0.321)	/	(1 - (0.07 + 0.56) / 0.63)
	=	0.003115	/	-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
	=	0.671	/	1.159
	=

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))
	=	(0.212 / (0.212 + 0.56))	/	(0.043 / (0.043 + 0.098))
	=	0.274611	/	0.304965
	=

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)
	=	(1.376 / 0.671)	/	(6.023 / 1.159)
	=	2.050671	/	5.196721
	=

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)
	=	((0.204 + 4.23) / 0.321)	/	((0.954 + 2.691) / 0.63)
	=	13.813084	/	5.785714
	=

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
	=	(-2.243 - -0.768	-	-0.742)	/	0.321
	=	-2.283489

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.

Champion Gaming Group Beneish M-Score Related Terms

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Champion Gaming Group (Champion Gaming Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Champion Gaming Group Inc (OTCPK:WGRFF) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

WAGR:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.championgaming.com

Champion Gaming Group Inc is a sports intelligence destination for teams, media, bettors, players, and fans. Its sports betting companies fulfil its core segments: proprietary data, advanced analytics, and expert content. The company's products are built with one simple mission - to give its customers the winning edge.

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