Qvc 6375 Percent Stock Beneish M Score

QVCD Stock  USD 12.80  0.15  1.19%   
This module uses fundamental data of QVC 6375 to approximate the value of its Beneish M Score. QVC 6375 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 QVC 6375 Piotroski F Score and QVC 6375 Altman Z Score analysis.
  
At present, QVC 6375's Net Debt To EBITDA is projected to slightly grow based on the last few years of reporting. At present, QVC 6375's ROIC is projected to increase based on the last few years of reporting. The current year's Days Of Inventory On Hand is expected to grow to 67.63, whereas Capex To Depreciation is forecasted to decline to 0.43.
At this time, it appears that QVC 6375 percent is an unlikely manipulator. The earnings manipulation may begin if QVC 6375'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 QVC 6375 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 QVC 6375'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.
-2.5
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.73

Focus
Asset Quality

0.87

Focus
Expense Coverage

0.85

Focus
Gross Margin Strengs

1.16

Focus
Accruals Factor

0.85

Focus
Depreciation Resistance

1.01

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.76

Focus

QVC 6375 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 QVC 6375'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 Receivables904.9 M1.2 B
Way Down
Slightly volatile
Total Revenue9.9 B9.4 B
Sufficiently Up
Slightly volatile
Total AssetsB11.7 B
Way Down
Slightly volatile
Total Current Assets2.1 B2.6 B
Significantly Down
Slightly volatile
Non Current Assets Total6.8 B9.1 B
Way Down
Slightly volatile
Property Plant Equipment1.3 B1.4 B
Sufficiently Down
Slightly volatile
Depreciation And Amortization230.8 M243 M
Notably Down
Slightly volatile
Selling General Administrative1.7 B1.9 B
Fairly Down
Slightly volatile
Non Current Liabilities Total3.2 B5.1 B
Way Down
Slightly volatile
Short Term Debt473.6 M451 M
Sufficiently Up
Slightly volatile
Operating Income1.2 B645 M
Way Up
Slightly volatile
Total Cash From Operating Activities1.1 B1.1 B
Slightly Down
Very volatile
Long Term Investments1.5 B1.6 B
Fairly Down
Slightly volatile
Gross Profit Margin0.390.3361
Fairly Up
Slightly volatile

QVC 6375 percent 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 QVC 6375's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards QVC 6375 in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find QVC 6375's degree of accounting gimmicks and manipulations.

About QVC 6375 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

230.85 Million

At present, QVC 6375's Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting.

QVC 6375 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 QVC 6375. 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 Receivables1.7B1.5B1.4B1.2B1.2B904.9M
Total Revenue11.0B11.5B11.4B9.9B9.4B9.9B
Total Assets14.9B16.6B16.1B12.4B11.7B9.0B
Total Current Assets3.8B3.7B3.7B2.9B2.6B2.1B
Non Current Assets Total11.1B12.9B12.4B9.5B9.1B6.8B
Depreciation And Amortization383M368M328M289M243M230.9M
Selling General Administrative1.7B1.8B1.7B1.8B1.9B1.7B
Total Current Liabilities2.0B2.8B2.5B2.0B2.3B1.4B
Non Current Liabilities Total6.1B5.6B6.0B5.8B5.1B3.2B
Net Debt4.7B4.5B4.7B5.0B4.5B2.5B
Short Term Debt15M43M47M37M451M473.6M
Operating Income1.5B1.6B1.5B576M645M1.2B
Total Cash From Operating Activities1.3B2.2B1.2B409M1.1B1.1B

QVC 6375 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, QVC 6375's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to QVC 6375's managers, analysts, and investors.
Environmental
Governance
Social

About QVC 6375 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze QVC 6375 percent's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of QVC 6375 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of QVC 6375 percent 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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When determining whether QVC 6375 percent is a strong investment it is important to analyze QVC 6375's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact QVC 6375's future performance. For an informed investment choice regarding QVC Stock, refer to the following important reports:
Check out QVC 6375 Piotroski F Score and QVC 6375 Altman Z Score analysis.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of QVC 6375. If investors know QVC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about QVC 6375 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of QVC 6375 percent is measured differently than its book value, which is the value of QVC that is recorded on the company's balance sheet. Investors also form their own opinion of QVC 6375's value that differs from its market value or its book value, called intrinsic value, which is QVC 6375's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because QVC 6375's market value can be influenced by many factors that don't directly affect QVC 6375's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between QVC 6375's value and its price as these two are different measures arrived at by different means. Investors typically determine if QVC 6375 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QVC 6375's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.