BrewBilt MFG (BrewBilt MFG) Beneish M-Score : -16.60 (As of May. 14, 2024)

View and export this data going back to 2016. Start your Free Trial

What is BrewBilt MFG 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 -16.6 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BBRW' s Beneish M-Score Range Over the Past 10 Years
Min: -75.98 Med: -10.68 Max: 17.38
Current: -16.6

During the past 9 years, the highest Beneish M-Score of BrewBilt MFG was 17.38. The lowest was -75.98. And the median was -10.68.

BrewBilt MFG Beneish M-Score Historical Data

The historical data trend for BrewBilt MFG'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.

BrewBilt MFG Beneish M-Score Chart

BrewBilt MFG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

Get a 7-Day Free Trial

-75.98

-0.66

-12.29

BrewBilt MFG 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															13.23	-12.29	-14.40	-17.29	-16.60

Competitive Comparison of BrewBilt MFG's Beneish M-Score

For the Specialty Industrial Machinery subindustry, BrewBilt MFG'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.

BrewBilt MFG's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, BrewBilt MFG's Beneish M-Score distribution charts can be found below:

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

BrewBilt MFG 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 BrewBilt MFG 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 * 0.709

0.528 * 1.2971

0.404 * 0.713

0.892 * 0.9798

0.115 * 1.1508

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5598

4.679 * -2.858911

0.327 * 2.8237

-16.60

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.68 Mil.
Revenue was 0.174 + 0.354 + 0.352 + 0.334 = $1.21 Mil.
Gross Profit was 0.047 + 0.127 + 0.068 + 0.073 = $0.32 Mil.
Total Current Assets was $0.90 Mil.
Total Assets was $1.62 Mil.
Property, Plant and Equipment(Net PPE) was $0.29 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $4.33 Mil.
Total Current Liabilities was $5.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 Mil.
Net Income was -1.654 + 0.928 + -3.011 + -3.399 = $-7.14 Mil.
Non Operating Income was -1.374 + 1.281 + -1.531 + -0.583 = $-2.21 Mil.
Cash Flow from Operations was -0.059 + -0.202 + -0.2 + 0.152 = $-0.31 Mil.

Total Receivables was $0.98 Mil.
Revenue was 0.118 + 0.973 + 0.011 + 0.137 = $1.24 Mil.
Gross Profit was 0.039 + 0.28 + 0.006 + 0.092 = $0.42 Mil.
Total Current Assets was $2.21 Mil.
Total Assets was $4.11 Mil.
Property, Plant and Equipment(Net PPE) was $0.38 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.06 Mil.
Selling, General, & Admin. Expense(SGA) was $7.89 Mil.
Total Current Liabilities was $4.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.27 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)
	=	(0.678 / 1.214)	/	(0.976 / 1.239)
	=	0.558484	/	0.787732
	=	0.709

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)
	=	(0.417 / 1.239)	/	(0.315 / 1.214)
	=	0.336562	/	0.259473
	=	1.2971

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 - (0.895 + 0.293) / 1.616)	/	(1 - (2.206 + 0.378) / 4.111)
	=	0.264851	/	0.371442
	=	0.713

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
	=	1.214	/	1.239
	=	0.9798

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))
	=	(0.056 / (0.056 + 0.378))	/	(0.037 / (0.037 + 0.293))
	=	0.129032	/	0.112121
	=	1.1508

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)
	=	(4.329 / 1.214)	/	(7.893 / 1.239)
	=	3.565898	/	6.37046
	=	0.5598

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)
	=	((0.07 + 5.42) / 1.616)	/	((0.266 + 4.68) / 4.111)
	=	3.397277	/	1.203114
	=	2.8237

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
	=	(-7.136 - -2.207	-	-0.309)	/	1.616
	=	-2.858911

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.

BrewBilt MFG has a M-score of -16.60 suggests that the company is unlikely to be a manipulator.

BrewBilt MFG Beneish M-Score Related Terms

Thank you for viewing the detailed overview of BrewBilt MFG's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

BrewBilt MFG (BrewBilt MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BrewBilt MFG Inc (OTCPK:BBRW) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Spring Hill Road, Suite 10, Grass Valley, CA, USA, 95945

Website

https://www.brewbilt.com

BrewBilt MFG Inc is engaged in designing and manufacturing custom brewing and fermentation equipment for craft brewers dedicated to making specialty craft beer. BrewBilt brewhouses and tanks are fabricated by skilled local welders using American stainless steel. All BrewBilt products are designed and fabricated as "food grade" quality which enables the company to build vessels for food and beverage processing. BrewBilt buys materials and components mostly from suppliers which enables BrewBilt to closely monitor quality, while the company's revenues are generated from sales to customers throughout the world a great deal of specific interest in coming from Mexico, Japan, Europe, and Australia.