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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 Coeptis Therapeutics Holdings's Beneish M-Score or its related term are showing as below:
During the past 4 years, the highest Beneish M-Score of Coeptis Therapeutics Holdings was 0.00. The lowest was 0.00. And the median was 0.00.
The historical data trend for Coeptis Therapeutics Holdings'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.
Coeptis Therapeutics Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Beneish M-Score | - | - | - | - |
Coeptis Therapeutics Holdings Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Beneish M-Score | Get a 7-Day Free Trial | - | - | - | - | - |
For the Biotechnology subindustry, Coeptis Therapeutics Holdings'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 Biotechnology industry and Healthcare sector, Coeptis Therapeutics Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Coeptis Therapeutics Holdings'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 Coeptis Therapeutics Holdings 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 * | + | 0.528 * | + | 0.404 * | + | 0.892 * | + | 0.115 * | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * | + | 4.679 * | - | 0.327 * | |||||||
= |
* 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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Total Receivables was $5.61 Mil. Revenue was 0 + 0 + 0 + 0 = $0.00 Mil. Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil. Total Current Assets was $6.88 Mil. Total Assets was $9.39 Mil. Property, Plant and Equipment(Net PPE) was $0.10 Mil. Depreciation, Depletion and Amortization(DDA) was $1.00 Mil. Selling, General, & Admin. Expense(SGA) was $10.29 Mil. Total Current Liabilities was $4.30 Mil. Long-Term Debt & Capital Lease Obligation was $0.21 Mil. Net Income was -3.001 + -3.756 + -6.35 + -3.203 = $-16.31 Mil. Non Operating Income was 0.122 + -0.376 + 1.571 + 0.525 = $1.84 Mil. Cash Flow from Operations was -1.902 + -1.694 + -1.958 + -1.903 = $-7.46 Mil. |
Total Receivables was $0.00 Mil. Revenue was 0 + 0 + 0 + 0 = $0.00 Mil. Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil. Total Current Assets was $2.28 Mil. Total Assets was $5.94 Mil. Property, Plant and Equipment(Net PPE) was $0.06 Mil. Depreciation, Depletion and Amortization(DDA) was $1.00 Mil. Selling, General, & Admin. Expense(SGA) was $24.63 Mil. Total Current Liabilities was $1.98 Mil. Long-Term Debt & Capital Lease Obligation was $0.17 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) |
= | (5.609 / 0) | / | (0 / 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 - (6.88 + 0.1) / 9.394) | / | (1 - (2.276 + 0.061) / 5.942) | |
= | 0.256973 | / | 0.606698 | |
= |
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)) |
= | (1 / (1 + 0.061)) | / | (1 / (1 + 0.1)) | |
= | 0.942507 | / | 0.909091 | |
= |
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) |
= | (10.294 / 0) | / | (24.633 / 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) |
= | ((0.211 + 4.301) / 9.394) | / | ((0.165 + 1.979) / 5.942) | |
= | 0.480307 | / | 0.360821 | |
= |
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 | |
= | (-16.31 - 1.842 | - | -7.457) | / | 9.394 | |
= | -1.138493 |
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.
Thank you for viewing the detailed overview of Coeptis Therapeutics Holdings's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Tara Desilva | director | 105 BRADFORD RD., SUITE 420, WEXFORD PA 15090 |
David Mehalick | director, 10 percent owner, officer: CEO and President | 5000 TRESSDALE DRIVE, GIBSONIA PA 15044 |
Christopher P. Cochran | director | 105 BRADFORD RD., SUITE 420, WEXFORD PA 15090 |
Gene Salkind | director | 1165 WRACK ROAD, MEADOWBROOK PA 19046 |
Daniel Alexander Yerace | director, officer: VP of Operations | 402 SCHOMBURG COURT, CRANBERRY TOWNSHIP PA 16066 |
Chris Calise | director, 10 percent owner, officer: Chief Financial Officer | 801 S. POINTE DRIVE SUITE TH-1, MIAMI BEACH FL 33139 |
Philippe Deschamps | director | 105 BRADFORD RD, SUITE 420, WEXFORD PA 15090 |
Christine Elise Sheehy | officer: CFO and Secretary | 206 TAMARACK DRIVE, MARS PA 16046 |
Harraden Circle Investments, Llc | 10 percent owner | 299 PARK AVE, 21ST FLOOR, NEW YORK NY 10171 |
Harraden Circle Investors Gp, Lp | 10 percent owner | 299 PARK AVE., 21ST FLOOR, NEW YORK NY 10171 |
Harraden Circle Investors Gp, Llc | 10 percent owner | 299 PARK AVE., 21ST FLOOR, NEW YORK NY 10171 |
Fortmiller Frederick Vincent Jr. | 10 percent owner | 151 LULL ROAD, NEW BOSTON NH 03070 |
Harraden Circle Investors, Lp | 10 percent owner | 299 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10171 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
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