Perception Capital IV (Perception Capital IV) Beneish M-Score : 0.00 (As of Jun. 02, 2024)

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

What is Perception Capital IV 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 Perception Capital IV's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Perception Capital IV was 0.00. The lowest was 0.00. And the median was 0.00.

Perception Capital IV Beneish M-Score Historical Data

The historical data trend for Perception Capital IV'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.

Perception Capital IV Beneish M-Score Chart

Perception Capital IV Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

Perception Capital IV Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Beneish M-Score	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Perception Capital IV's Beneish M-Score

For the Shell Companies subindustry, Perception Capital IV'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.

Perception Capital IV's Beneish M-Score Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Perception Capital IV's Beneish M-Score falls into.

Perception Capital IV 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 Perception Capital IV 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $0.01 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.41 Mil.
Total Assets was $54.06 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 $3.87 Mil.
Total Current Liabilities was $1.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.093 + -2.046 + 4.695 + 0.553 = $3.11 Mil.
Non Operating Income was -0.1 + -3.112 + 3.118 + 0.881 = $0.79 Mil.
Cash Flow from Operations was -0.228 + -1.192 + -1.423 + -1.161 = $-4.00 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 $1.05 Mil.
Total Assets was $241.63 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 $3.23 Mil.
Total Current Liabilities was $1.69 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)
	=	(0.006 / 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 - (0.41 + 0) / 54.06)	/	(1 - (1.045 + 0) / 241.632)
	=	0.992416	/	0.995675
	=

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)
	=	(3.868 / 0)	/	(3.227 / 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 + 1.588) / 54.06)	/	((0 + 1.69) / 241.632)
	=	0.029375	/	0.006994
	=

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
	=	(3.109 - 0.787	-	-4.004)	/	54.06
	=	0.117018

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.

Perception Capital IV Beneish M-Score Related Terms

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

Perception Capital IV (Perception Capital IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Perception Capital Corp IV (NYSE:RCFA) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Wewatta Street, Suite 850, Denver, CO, USA, 80202

Website

https://www.rcfacquisitioncorp.com

RCF Acquisition Corp is a blank check company.

Executives

Hugo Dryland	director	1400 WEWATTA STREET, SUITE 850, DENVER CO 80202
Timothy C. Baker	director	10901 W TOLLER DRIVE, LITTLETON CO 80127
Thomas Boehlert	director, officer: Chief Financial Officer	C/O BUNGE LIMITED, 50 MAIN STREET, 6TH FLOOR, WHITE PLAINS NY 10606
Goodey Elodie Grant	director	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202
Daniel Malchuk	director	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202
Robin Anne Bienenstock	director	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202
James T Mcclements	director	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202
Shah S Sunny	director, officer: Chief Executive Officer	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202
Rcf Vii Sponsor Llc	director, 10 percent owner	1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202

Perception Capital IV (Perception Capital IV) Headlines

From GuruFocus

RCF Acquisition Corp. Announces Results of Shareholder Redemptions

By sperokesalga sperokesalga • 05-15-2023

RCF Acquisition Corp. Announces the Separate Trading of its Ordinary Shares and Warrants, Commencing December 31, 2021

By GuruFocusNews GuruFocusNews • 12-28-2021

RCF Acquisition Corp. Announces Contributions to Trust Account in Connection With Proposed Extension

By sperokesalga sperokesalga • 04-27-2023

RCF Acquisition Corp. Announces Full Exercise of Over-Allotment Option and Closing of $230 Million Initial Public Offering

By GuruFocusNews GuruFocusNews • 11-15-2021

Perception Capital Acquires RCF Acquisition Corp., Announces Plans to Extend and Re-Brand

By Marketwired • 11-07-2023