Imperial Petroleum Stock Beneish M Score

IMPP Stock  USD 3.18  0.02  0.63%   
This module uses fundamental data of Imperial Petroleum to approximate the value of its Beneish M Score. Imperial Petroleum 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 Imperial Petroleum Piotroski F Score and Imperial Petroleum Altman Z Score analysis.
To learn how to invest in Imperial Stock, please use our How to Invest in Imperial Petroleum guide.
  
At this time, Imperial Petroleum's Short and Long Term Debt Total is relatively stable compared to the past year. As of 12/01/2024, Cash Flow To Debt Ratio is likely to grow to 0.71, though Net Debt is likely to grow to (87.3 M). At this time, Imperial Petroleum's POCF Ratio is relatively stable compared to the past year. As of 12/01/2024, Interest Coverage is likely to grow to 38.05, while Days Sales Outstanding is likely to drop 89.32.
At this time, it appears that Imperial Petroleum is a possible manipulator. The earnings manipulation may begin if Imperial Petroleum'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 Imperial Petroleum 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 Imperial Petroleum'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.
-0.79
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

5.5

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.05

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

0.64

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.97

Focus

Imperial Petroleum 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 Imperial Petroleum'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
Net Receivables54 M51.4 M
Sufficiently Up
Slightly volatile
Total Revenue192.9 M183.7 M
Sufficiently Up
Slightly volatile
Total Assets395.7 M376.8 M
Sufficiently Up
Slightly volatile
Total Current Assets192.3 M183.2 M
Sufficiently Up
Slightly volatile
Non Current Assets Total203.3 M193.6 M
Sufficiently Up
Slightly volatile
Property Plant Equipment168.1 M260.3 M
Way Down
Slightly volatile
Depreciation And Amortization16.4 M15.6 M
Sufficiently Up
Slightly volatile
Selling General Administrative6.8 M6.5 M
Sufficiently Up
Slightly volatile
Total Current Liabilities8.6 M14.5 M
Way Down
Slightly volatile
Short Term Debt5.1 M9.4 M
Way Down
Pretty Stable
Long Term Debt45.6 M68.8 M
Way Down
Slightly volatile
Total Cash From Operating Activities83.5 M79.5 M
Sufficiently Up
Slightly volatile

Imperial Petroleum 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 Imperial Petroleum's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Imperial Petroleum in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Imperial Petroleum's degree of accounting gimmicks and manipulations.

About Imperial Petroleum 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

16.41 Million

At this time, Imperial Petroleum's Depreciation And Amortization is relatively stable compared to the past year.

Imperial Petroleum ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Imperial Petroleum's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Imperial Petroleum's managers, analysts, and investors.
Environmental
Governance
Social

About Imperial Petroleum Fundamental Analysis

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

Additional Tools for Imperial Stock Analysis

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