RJD Green (RJD Green) Beneish M-Score : -2.54 (As of May. 25, 2024)

View and export this data going back to 2012. Start your Free Trial

What is RJD Green 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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

RJDG' s Beneish M-Score Range Over the Past 10 Years
Min: -2.54 Med: -1.8 Max: -1.06
Current: -2.54

During the past 9 years, the highest Beneish M-Score of RJD Green was -1.06. The lowest was -2.54. And the median was -1.80.

RJD Green Beneish M-Score Historical Data

The historical data trend for RJD Green'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.

RJD Green Beneish M-Score Chart

RJD Green Annual Data

Trend

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug22

Aug23

Beneish M-Score

Get a 7-Day Free Trial

-1.06

-2.54

RJD Green Semi-Annual Data
	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug22	Aug23
Beneish M-Score	Get a 7-Day Free Trial				-	-	-	-1.06	-2.54

Competitive Comparison of RJD Green's Beneish M-Score

For the Conglomerates subindustry, RJD Green'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.

RJD Green's Beneish M-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, RJD Green's Beneish M-Score distribution charts can be found below:

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

RJD Green 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 RJD Green 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 * 1.0538

0.528 * 1.0448

0.404 * 0

0.892 * 0.9913

0.115 * 0.9693

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0144

4.679 * 0.026059

0.327 * 0.5044

-2.54

This Year (Aug23) TTM:

Last Year (Aug22) TTM:

Total Receivables was $0.45 Mil.
Revenue was $5.02 Mil.
Gross Profit was $1.76 Mil.
Total Current Assets was $2.00 Mil.
Total Assets was $2.46 Mil.
Property, Plant and Equipment(Net PPE) was $0.46 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.07 Mil.
Selling, General, & Admin. Expense(SGA) was $0.91 Mil.
Total Current Liabilities was $0.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $0.64 Mil.
Gross Profit was $0.21 Mil.
Cash Flow from Operations was $0.37 Mil.

Total Receivables was $0.43 Mil.
Revenue was $5.06 Mil.
Gross Profit was $1.86 Mil.
Total Current Assets was $1.54 Mil.
Total Assets was $2.03 Mil.
Property, Plant and Equipment(Net PPE) was $0.49 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.07 Mil.
Selling, General, & Admin. Expense(SGA) was $0.90 Mil.
Total Current Liabilities was $0.43 Mil.
Long-Term Debt & Capital Lease Obligation was $0.12 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)
	=	(0.445 / 5.019)	/	(0.426 / 5.063)
	=	0.088663	/	0.08414
	=	1.0538

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)
	=	(1.857 / 5.063)	/	(1.762 / 5.019)
	=	0.366779	/	0.351066
	=	1.0448

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 - (2 + 0.456) / 2.456)	/	(1 - (1.54 + 0.486) / 2.025)
	=	0	/	-0.000494
	=	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
	=	5.019	/	5.063
	=	0.9913

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))
	=	(0.073 / (0.073 + 0.486))	/	(0.071 / (0.071 + 0.456))
	=	0.13059	/	0.134725
	=	0.9693

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)
	=	(0.908 / 5.019)	/	(0.903 / 5.063)
	=	0.180913	/	0.178353
	=	1.0144

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 + 0.334) / 2.456)	/	((0.119 + 0.427) / 2.025)
	=	0.135993	/	0.26963
	=	0.5044

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
	=	(0.643 - 0.212	-	0.367)	/	2.456
	=	0.026059

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.

RJD Green has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.

RJD Green Beneish M-Score Related Terms

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

RJD Green (RJD Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » RJD Green Inc (OTCPK:RJDG) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

5151 South Mingo Road, Suite F, Tulsa, OK, USA, 741146

Website

http://www.rjdgreen.com

RJD Green Inc a development stage company. The company is focused on acquiring and managing assets and companies. It operates in three sectors namely Green environmental, Energy and Specialty contracting services sectors.