Mount Ridley Mines Stock Beneish M Score

MRD Stock   0.01  0.00  0.00%   
This module uses fundamental data of Mount Ridley to approximate the value of its Beneish M Score. Mount Ridley 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mount Ridley Mines. 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.
  
Long Term Debt Total is likely to gain to about 28.1 K in 2024, whereas Long Term Debt is likely to drop slightly above 524.8 K in 2024.
At this time, Mount Ridley's M Score is inapplicable. The earnings manipulation may begin if Mount Ridley'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 Mount Ridley 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 Mount Ridley'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.
-2.48
Beneish M Score - Inapplicable
Elasticity of Receivables

0.71

Focus
Asset Quality

2.13

Focus
Expense Coverage

0.96

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

0.96

Focus
Depreciation Resistance

1.49

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.18

Focus

Mount Ridley 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 Mount Ridley'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 Receivables80.1 K108 K
Way Down
Slightly volatile
Total Revenue1.1 M1.1 M
Sufficiently Up
Slightly volatile
Total Assets3.6 MM
Moderately Down
Slightly volatile
Total Current Assets2.1 M1.9 M
Significantly Up
Slightly volatile
Non Current Assets Total1.1 MM
Way Down
Pretty Stable
Property Plant Equipment2.9 M2.8 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization59.1 K84.8 K
Way Down
Pretty Stable
Selling General Administrative527.3 K524.8 K
Slightly Up
Very volatile
Total Current Liabilities154 K162.1 K
Notably Down
Pretty Stable
Long Term Debt524.8 K590.4 K
Fairly Down
Slightly volatile
Long Term Investments12.4 K18.1 K
Way Down
Slightly volatile

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

About Mount Ridley 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

59,075.14

At this time, Mount Ridley's Depreciation And Amortization is comparatively stable compared to the past year.

Mount Ridley 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 Mount Ridley. 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)
Net Receivables19.2K132.0K140.3K115.6K108.0K80.1K
Total Revenue114.1K6.3K9.6K683.5K1.1M1.1M
Total Assets2.9M5.9M5.2M6.4M4.0M3.6M
Total Current Assets2.0M4.0M2.9M4.0M1.9M2.1M
Net Debt(399.9K)(1.4M)(2.2M)(3.4M)(1.4M)(1.4M)
Short Term Debt619.7K1.3M29.6K34.1K24.2K23.0K
Operating Income(1.2M)(1.8M)(3.0M)(5.2M)(1.8M)(1.9M)
Investments(81K)(26.4K)348.8K(253.0K)5.0K5.3K

About Mount Ridley Fundamental Analysis

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

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