Gold Mountain Mining (FRA:5XFA) Beneish M-Score : -5.12 (As of Jun. 03, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Gold Mountain Mining 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 -5.12 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:5XFA' s Beneish M-Score Range Over the Past 10 Years
Min: -5.12 Med: -5.12 Max: -5.12
Current: -5.12

During the past 6 years, the highest Beneish M-Score of Gold Mountain Mining was -5.12. The lowest was -5.12. And the median was -5.12.

Gold Mountain Mining Beneish M-Score Historical Data

The historical data trend for Gold Mountain Mining'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.

Gold Mountain Mining Beneish M-Score Chart

Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Beneish M-Score

Get a 7-Day Free Trial

-5.12

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Beneish M-Score	Get a 7-Day Free Trial										-	0.37	-1.95	1.42	-5.12

Competitive Comparison of Gold Mountain Mining's Beneish M-Score

For the Gold subindustry, Gold Mountain Mining'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.

Gold Mountain Mining's Beneish M-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Mountain Mining's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gold Mountain Mining's Beneish M-Score falls into.

Gold Mountain Mining 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 Gold Mountain Mining 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 * 0.0772

0.528 * 0.0123

0.404 * 1.0451

0.892 * 0.743

0.115 * 0.9443

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6653

4.679 * -0.176163

0.327 * 1.9302

-5.14

This Year (Jan24) TTM:

Last Year (Jan23) TTM:

Total Receivables was €0.13 Mil.
Revenue was 0.29 + 1.23 + 1.507 + 2.819 = €5.85 Mil.
Gross Profit was -1.259 + -1.854 + -0.204 + 1.077 = €-2.24 Mil.
Total Current Assets was €0.34 Mil.
Total Assets was €34.43 Mil.
Property, Plant and Equipment(Net PPE) was €33.07 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.49 Mil.
Selling, General, & Admin. Expense(SGA) was €1.44 Mil.
Total Current Liabilities was €8.79 Mil.
Long-Term Debt & Capital Lease Obligation was €0.09 Mil.
Net Income was -1.797 + -2.265 + -0.669 + 0.65 = €-4.08 Mil.
Non Operating Income was 0.127 + -0.094 + -0.076 + 0 = €-0.04 Mil.
Cash Flow from Operations was 2.331 + -1.05 + -0.189 + 0.936 = €2.03 Mil.

Total Receivables was €2.32 Mil.
Revenue was 2.864 + 1.55 + 0.736 + 2.718 = €7.87 Mil.
Gross Profit was 0.805 + -0.625 + -0.895 + 0.678 = €-0.04 Mil.
Total Current Assets was €4.59 Mil.
Total Assets was €31.82 Mil.
Property, Plant and Equipment(Net PPE) was €26.32 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.37 Mil.
Selling, General, & Admin. Expense(SGA) was €2.90 Mil.
Total Current Liabilities was €4.22 Mil.
Long-Term Debt & Capital Lease Obligation was €0.03 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)
	=	(0.133 / 5.846)	/	(2.32 / 7.868)
	=	0.022751	/	0.294865
	=	0.0772

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)
	=	(-0.037 / 7.868)	/	(-2.24 / 5.846)
	=	-0.004703	/	-0.383168
	=	0.0123

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 - (0.339 + 33.068) / 34.434)	/	(1 - (4.586 + 26.322) / 31.816)
	=	0.029825	/	0.028539
	=	1.0451

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
	=	5.846	/	7.868
	=	0.743

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))
	=	(0.371 / (0.371 + 26.322))	/	(0.494 / (0.494 + 33.068))
	=	0.013899	/	0.014719
	=	0.9443

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)
	=	(1.435 / 5.846)	/	(2.903 / 7.868)
	=	0.245467	/	0.368963
	=	0.6653

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)
	=	((0.088 + 8.786) / 34.434)	/	((0.028 + 4.22) / 31.816)
	=	0.25771	/	0.133518
	=	1.9302

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
	=	(-4.081 - -0.043	-	2.028)	/	34.434
	=	-0.176163

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.

Gold Mountain Mining has a M-score of -5.14 suggests that the company is unlikely to be a manipulator.

Gold Mountain Mining Beneish M-Score Related Terms

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

Gold Mountain Mining (FRA:5XFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Mining Corp (FRA:5XFA) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

GMTNF:USA 5XFA:Germany GMTN:Canada

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

Gold Mountain Mining (FRA:5XFA) Headlines

No Headlines