Inspire Veterinary Partners, Stock Beneish M Score

IVP Stock   0.19  0.01  5.00%   
This module uses fundamental data of Inspire Veterinary to approximate the value of its Beneish M Score. Inspire Veterinary 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 Inspire Veterinary Piotroski F Score and Inspire Veterinary Altman Z Score analysis.
  
At this time, Inspire Veterinary's Short and Long Term Debt is relatively stable compared to the past year. As of 12/16/2024, Short Term Debt is likely to grow to about 3.8 M, while Long Term Debt is likely to drop slightly above 13.2 M. At this time, Inspire Veterinary's ROE is relatively stable compared to the past year. As of 12/16/2024, Graham Number is likely to grow to 254.13, though Free Cash Flow Yield is likely to grow to (1.73).
At this time, it appears that Inspire Veterinary is an unlikely manipulator. The earnings manipulation may begin if Inspire Veterinary'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 Inspire Veterinary 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 Inspire Veterinary'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.
-3.14
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.77

Focus
Asset Quality

1.2

Focus
Expense Coverage

1.64

Focus
Gross Margin Strengs

1.41

Focus
Accruals Factor

1.64

Focus
Depreciation Resistance

0.63

Focus
Net Sales Growth

0.64

Focus
Financial Leverage Condition

1.2

Focus

Inspire Veterinary 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 Inspire Veterinary'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 Receivables240.8 K212.9 K
Moderately Up
Slightly volatile
Total Revenue10.7 M16.7 M
Way Down
Slightly volatile
Total Assets13.3 M21.8 M
Way Down
Slightly volatile
Total Current Assets1.5 M1.4 M
Moderately Up
Slightly volatile
Non Current Assets Total15.7 M20.4 M
Way Down
Slightly volatile
Property Plant Equipment5.6 M9.3 M
Way Down
Slightly volatile
Depreciation And Amortization1.5 M1.4 M
Sufficiently Up
Slightly volatile
Selling General Administrative10 M9.5 M
Sufficiently Up
Slightly volatile
Total Current Liabilities6.2 M7.6 M
Significantly Down
Slightly volatile
Non Current Liabilities Total14 M15 M
Notably Down
Slightly volatile
Short Term Debt3.8 M3.4 M
Moderately Up
Slightly volatile
Long Term Debt13.2 M13.5 M
Fairly Down
Slightly volatile
Gross Profit Margin0.30.2131
Significantly Up
Slightly volatile

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

About Inspire Veterinary 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.

Other Operating Expenses

25.06 Million

At this time, Inspire Veterinary's Other Operating Expenses is relatively stable compared to the past year.

About Inspire Veterinary Fundamental Analysis

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

Pair Trading with Inspire Veterinary

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inspire Veterinary position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inspire Veterinary will appreciate offsetting losses from the drop in the long position's value.

Moving together with Inspire Stock

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Moving against Inspire Stock

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The ability to find closely correlated positions to Inspire Veterinary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Veterinary when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inspire Veterinary - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inspire Veterinary Partners, to buy it.
The correlation of Inspire Veterinary is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inspire Veterinary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Veterinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inspire Veterinary can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Inspire Stock Analysis

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