stockrowNexentis Technologies Inc.
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Nexentis Technologies Inc.’s revenue for fiscal 2024 (year ended December 2024) was $210,000.00, down 20.2% from fiscal 2023.
- Revenue
- −100.0%
- EPS
- +69.0%
- Free cash flow
- −2.86%
- Total debt
- −39.6%
Quarter to June 2026, against a year earlier
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Nexentis Technologies Inc. (NXTS) Beneish M-score
Nexentis Technologies Inc.'s Beneish M-score for fiscal 2024 is −1.38; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2024 | −1.38 | (0.36) |
| FY2023 | −1.01 | 1.94 |
| FY2022 | −2.96 | (0.35) |
| FY2021 | −2.61 | 4.85 |
| FY2020 | −7.46 | 0.30 |
| FY2019 | −7.76 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.60 | — | 1.48 | |
| Gross margin index | 3.69 | — | 1.95 | |
| Asset quality index | 1.52 | — | 0.62 | |
| Sales growth index | 0.80 | — | 0.71 | |
| Depreciation index | 0.88 | — | 0.10 | |
| SG&A index | 0.70 | — | −0.12 | |
| Total accruals to total assets | (0.16) | — | −0.77 | |
| Leverage index | 1.52 | — | −0.50 | |
| Beneish M-score | Flagged by the model | −1.38 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| LVROF Lavoro Limited compare | −5.8× |
| BIOX Bioceres Crop Solutions Corp. compare | −4.2× |
| FMC FMC Corporation compare | −4.0× |
| SEED Origin Agritech Limited compare | −3.3× |
| BHILQ Benson Hill, Inc. compare | −3.3× |
| AVD American Vanguard Corporation compare | −2.9× |
| UAN CVR Partners, LP compare | −2.8× |
| IPI Intrepid Potash, Inc compare | −2.8× |
| NXTS Nexentis Technologies Inc. | −1.4× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI