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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 Vinco Ventures's Beneish M-Score or its related term are showing as below:
During the past 6 years, the highest Beneish M-Score of Vinco Ventures was 0.00. The lowest was 0.00. And the median was 0.00.
The historical data trend for Vinco Ventures'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.
Vinco Ventures Annual Data | |||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
Beneish M-Score | Get a 7-Day Free Trial | - | - | -3.40 | -3.77 | 10.54 |
Vinco Ventures 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 | 9.80 | 10.54 | 9.86 | 1.27 | 12.06 |
For the Leisure subindustry, Vinco Ventures'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Vinco Ventures's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vinco Ventures's Beneish M-Score falls into.
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 Vinco Ventures for today is based on a combination of the following eight different indices:
M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
= | -4.84 | + | 0.92 * 0.0818 | + | 0.528 * 20.0317 | + | 0.404 * 1.4591 | + | 0.892 * 6.0782 | + | 0.115 * 1.0404 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 0.4837 | + | 4.679 * 0.221178 | - | 0.327 * 2.547 | |||||||
= | 12.06 |
* 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.
This Year (Sep22) TTM: | Last Year (Sep21) TTM: |
Total Receivables was $9.97 Mil. Revenue was 5.563 + 10.365 + 11.535 + 8.07 = $35.53 Mil. Gross Profit was -1.236 + -0.581 + 0.601 + 1.544 = $0.33 Mil. Total Current Assets was $34.36 Mil. Total Assets was $117.21 Mil. Property, Plant and Equipment(Net PPE) was $1.15 Mil. Depreciation, Depletion and Amortization(DDA) was $5.08 Mil. Selling, General, & Admin. Expense(SGA) was $112.32 Mil. Total Current Liabilities was $32.70 Mil. Long-Term Debt & Capital Lease Obligation was $3.01 Mil. Net Income was -98.982 + 145.928 + -372.948 + 75.428 = $-250.57 Mil. Non Operating Income was -142.721 + 182.835 + -330.481 + 137.975 = $-152.39 Mil. Cash Flow from Operations was -26.769 + -29.987 + -42.014 + -25.336 = $-124.11 Mil. |
Total Receivables was $20.05 Mil. Revenue was 0.229 + 0.685 + 2.565 + 2.367 = $5.85 Mil. Gross Profit was 0.13 + 0.368 + 0.912 + -0.329 = $1.08 Mil. Total Current Assets was $174.92 Mil. Total Assets was $336.92 Mil. Property, Plant and Equipment(Net PPE) was $1.05 Mil. Depreciation, Depletion and Amortization(DDA) was $5.89 Mil. Selling, General, & Admin. Expense(SGA) was $38.20 Mil. Total Current Liabilities was $37.43 Mil. Long-Term Debt & Capital Lease Obligation was $2.87 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) |
= | (9.967 / 35.533) | / | (20.051 / 5.846) | |
= | 0.2805 | / | 3.429867 | |
= | 0.0818 |
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) | |
= | (1.081 / 5.846) | / | (0.328 / 35.533) | |
= | 0.184913 | / | 0.009231 | |
= | 20.0317 |
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 - (34.364 + 1.15) / 117.209) | / | (1 - (174.916 + 1.053) / 336.915) | |
= | 0.697003 | / | 0.477705 | |
= | 1.4591 |
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 | |
= | 35.533 | / | 5.846 | |
= | 6.0782 |
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)) |
= | (5.889 / (5.889 + 1.053)) | / | (5.08 / (5.08 + 1.15)) | |
= | 0.848315 | / | 0.815409 | |
= | 1.0404 |
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) |
= | (112.318 / 35.533) | / | (38.204 / 5.846) | |
= | 3.160949 | / | 6.535067 | |
= | 0.4837 |
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) |
= | ((3.009 + 32.701) / 117.209) | / | ((2.873 + 37.428) / 336.915) | |
= | 0.304669 | / | 0.119618 | |
= | 2.547 |
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 | |
= | (-250.574 - -152.392 | - | -124.106) | / | 117.209 | |
= | 0.221178 |
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.
Vinco Ventures has a M-score of 12.06 signals that the company is likely to be a manipulator.
Thank you for viewing the detailed overview of Vinco Ventures's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
James Robertson | officer: Chief Executive Officer | 24 ASPEN PARK BLVD, EAST SYRACUSE NY 13057 |
Christopher Vincent Polimeni | officer: Chief Financial Officer | 24 ASPEN PARK BLVD., EAST SYRACUSE NY 13057 |
Lisa A. King | director | 19 CAPSTONE RISE, ROCHESTER NY 14625 |
Richard Levychin | director | 189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201 |
Phillip Anthony Mcfillin | other: Legal counsel | 116 KINGS HIGHWAY EAST, SUITE 2A, HADDONFIELD NJ 08033 |
Kevin J O'donnell | director | 91 OAKLEIGH LANE, MAITLAND FL 32751 |
Christopher Ferguson | director, 10 percent owner, officer: Chairman and CEO | 1866 LEITHSVILLE ROAD, SUITE 223, HALLERTOWN PA 18055 |
Stuart J. Ferguson | 10 percent owner | 125 S DELAWARE DR, LOT 6, EASTON PA 18042 |
Thomas S. Ferguson | 10 percent owner | 500 FAIRBANKS AVENUE, PHILLIPSBURG NJ 08865 |
Kevin James Ferguson | officer: President and Treasurer | 20 INDUSTRIAL ROAD, ALPHA NJ 08865 |
Toper Taylor | director | C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865 |
Frank D Jennings | director | 1739 SAILMAKER STREET, CHARLESTON SC 29492 |
Louis Foreman | director | 520 ELLIOT STREET, CHARLOTTE NC 28202 |
Vroman Brett Earl James | officer: Chief Financial Officer | C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865 |
Lelainya D. Ferguson | 10 percent owner | 1758 RED HAWK WAY, BETHLEHEM PA 10015 |
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