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Fuss Brands (Fuss Brands) Beneish M-Score : 0.00 (As of Jun. 09, 2024)


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What is Fuss Brands 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 Fuss Brands's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Fuss Brands was 0.00. The lowest was 0.00. And the median was 0.00.


Fuss Brands Beneish M-Score Historical Data

The historical data trend for Fuss Brands'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.

Fuss Brands Beneish M-Score Chart

Fuss Brands Annual Data
Trend Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct20 Oct21 Oct22 Oct23
Beneish M-Score
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Fuss Brands Quarterly Data
Apr13 Jul13 Oct13 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Fuss Brands's Beneish M-Score

For the Shell Companies subindustry, Fuss Brands'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.


Fuss Brands's Beneish M-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fuss Brands's Beneish M-Score distribution charts can be found below:

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



Fuss Brands 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 Fuss Brands 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 (Jan24) TTM:Last Year (Jan23) TTM:
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 $0.16 Mil.
Total Assets was $0.16 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 $0.48 Mil.
Total Current Liabilities was $0.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.046 + -0.143 + -0.116 + -0.179 = $-0.48 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.153 + -0.014 + -0.038 + -0.004 = $-0.21 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 $0.02 Mil.
Total Assets was $0.02 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 $0.14 Mil.
Total Current Liabilities was $0.13 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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 / 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 - (0.164 + 0) / 0.164) / (1 - (0.018 + 0) / 0.018)
=0 / 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 / 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))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(0.48 / 0) / (0.135 / 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 + 0.659) / 0.164) / ((0 + 0.127) / 0.018)
=4.018293 / 7.055556
=

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
=(-0.484 - 0 - -0.209) / 0.164
=-1.676829

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.


Fuss Brands Beneish M-Score Related Terms

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Fuss Brands (Fuss Brands) Business Description

Traded in Other Exchanges
N/A
Address
80 Broad Street, New York, NY, USA, 10004
Fuss Brands Corp is a shell company.
Executives
Lei Zhao director LEVEL 11, CHANGLIANG INTERNATIONAL BLDG, NO. 28, CHANGLIANG RD, NANGANG DISTRICT, HEILONGJIAN PROVINCE F4 150090
Zibing Pan director 1813 NW 176TH PL., EDMOND OK 73012
David Dong officer: Chief Financial Officer C/O FEIHE INTERNATIONAL, INC., 2275 HUNTINGTON DRIVE #278, SAN MARINO CA 91108
Xiaoying Lu officer: Interim CFO C/O RENHUANG PHARMACEUTICALS, INC., NO. 281, TAIPING ROAD, TAIPING DISTRICT, HARBIN,HEILONGJIANG PROVINCE F4 150050
Dianjun Pi director 281 TAIPING ROAD, DAOWAI DISTRICT, HARBIN, HEILONGJIANG F4 150300
Changxiong Sun director C/O RENHUANG PHARMACEUTICALS, INC., NO. 281, TAIPING ROAD, TAIPING DISTRICT, HARBIN, HEILONGJIANG PROVINCE F4 150050
Bingchun Wu director C/O RENHUANG PHARMACEUTICALS, INC., NO. 281, TAIPING ROAD, TAIPING DISTRICT, HARBIN, HEILONGJIANG PROVINCE F4 150050
Sean Shao director 21ST FLOOR, EVERBRIGHT BANK BUILDING, ZHUZILIN, FUTIAN DISTRICT, SHENZHEN, GUANGDONG F4 518040
Yan Yi Chen officer: Chief Financial Officer NO. 281, TAIPING ROAD, TAIPING DISTRICT, HARBIN, HEILONGJIANG PROVINCE F4 150050
Magnus Moliteus director 958 SUNSET RIDGE, BRIDGEWATER NJ 08807
Yanfei Kong director, officer: CFO 65 BROADWAY, SUITE 888, NEW YORK NY 10006
Li Shaoming director, 10 percent owner, officer: Chairman and CEO 281 TAIPING ROAD, DAOWAI DISTRICT, HARBIN, HEILONGJIAN F4 150300
Fanrong Meng director 201-5-602 YUNHUA SQUARE, KANGAN ROAD, HARBIN, HEILONGJIAN F4 150010
Kenneth Arevalo director 3200 BRISTOL STREET, SUITE 700, COSTA MESA CA 92626
Sutter Holding Co Inc 10 percent owner 100 SOUTH KING STREET, SEATTLE WA 98104

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