Greenwave Technology Solutions Stock Beneish M Score

GWAV Stock  USD 0.74  0.12  19.35%   
This module uses fundamental data of Greenwave Technology to approximate the value of its Beneish M Score. Greenwave Technology 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 Greenwave Technology Piotroski F Score and Greenwave Technology Altman Z Score analysis.
  
At this time, Greenwave Technology's Net Debt is fairly stable compared to the past year. Short and Long Term Debt Total is likely to climb to about 40.5 M in 2024, whereas Short and Long Term Debt is likely to drop slightly above 6.8 M in 2024. At this time, Greenwave Technology's Average Payables is fairly stable compared to the past year. Payables Turnover is likely to climb to 11.80 in 2024, whereas PTB Ratio is likely to drop (1.74) in 2024.
At this time, it appears that Greenwave Technology is an unlikely manipulator. The earnings manipulation may begin if Greenwave Technology'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 Greenwave Technology 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 Greenwave Technology'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.
-3.48
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

0.99

Focus
Expense Coverage

0.7

Focus
Gross Margin Strengs

1.92

Focus
Accruals Factor

0.7

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.93

Focus

Greenwave Technology Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Greenwave Technology's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Revenue37.5 M35.7 M
Sufficiently Up
Slightly volatile
Total Assets48.7 M46.4 M
Sufficiently Up
Slightly volatile
Total Current Assets2.8 M2.7 M
Sufficiently Up
Slightly volatile
Property Plant Equipment7.9 M7.5 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization7.8 M7.5 M
Sufficiently Up
Slightly volatile
Selling General Administrative10.8 M14.7 M
Way Down
Slightly volatile
Total Current Liabilities20.1 M23.3 M
Fairly Down
Slightly volatile
Short Term Debt6.4 M11 M
Way Down
Slightly volatile
Long Term Debt28.9 M27.5 M
Sufficiently Up
Slightly volatile
Gross Profit Margin0.780.4061
Way Up
Slightly volatile

Greenwave Technology Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Greenwave Technology's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Greenwave Technology in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Greenwave Technology's degree of accounting gimmicks and manipulations.

About Greenwave Technology Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation And Amortization

7.83 Million

At this time, Greenwave Technology's Depreciation And Amortization is fairly stable compared to the past year.

Greenwave Technology Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Greenwave Technology. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Total Revenue23.7K7.0K8.1M34.0M35.7M37.5M
Total Assets3.1K98.6K38.2M41.5M46.4M48.7M
Total Current Assets3.1K98.6K3.3M1.2M2.7M2.8M
Net Debt7.1M3.5M7.5M16.0M37.1M38.9M
Short Term Debt7.1M3.3M8.5M7.8M11.0M6.4M
Operating Income(3.4M)(1.2M)179.2M(10.9M)(19.5M)(18.5M)
Gross Profit Margin0.850.820.350.370.410.78

About Greenwave Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Greenwave Technology Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Greenwave Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Greenwave Technology Solutions 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 Greenwave Stock Analysis

When running Greenwave Technology's price analysis, check to measure Greenwave Technology'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 Greenwave Technology is operating at the current time. Most of Greenwave Technology's value examination focuses on studying past and present price action to predict the probability of Greenwave Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenwave Technology's price. Additionally, you may evaluate how the addition of Greenwave Technology to your portfolios can decrease your overall portfolio volatility.