Hai Kwang Enterprise Stock Beneish M Score

2038 Stock  TWD 15.60  0.10  0.64%   
This module uses fundamental data of Hai Kwang to approximate the value of its Beneish M Score. Hai Kwang M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hai Kwang Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Hai Kwang's M Score is inapplicable. The earnings manipulation may begin if Hai Kwang's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Hai Kwang executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Hai Kwang's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

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Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

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Depreciation Resistance

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Net Sales Growth

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Financial Leverage Condition

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About Hai Kwang Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hai Kwang Enterprise's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hai Kwang using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hai Kwang Enterprise based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Hai Stock Analysis

When running Hai Kwang's price analysis, check to measure Hai Kwang's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hai Kwang is operating at the current time. Most of Hai Kwang's value examination focuses on studying past and present price action to predict the probability of Hai Kwang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hai Kwang's price. Additionally, you may evaluate how the addition of Hai Kwang to your portfolios can decrease your overall portfolio volatility.