Xelpmoc Design And Stock Beneish M Score

XELPMOC Stock   135.96  2.43  1.76%   
This module uses fundamental data of Xelpmoc Design to approximate the value of its Beneish M Score. Xelpmoc Design 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xelpmoc Design And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
  
At present, Xelpmoc Design's Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Short Term Debt is expected to grow to about 21.3 M, whereas Short and Long Term Debt Total is forecasted to decline to about 12.3 M.
At this time, Xelpmoc Design's M Score is inapplicable. The earnings manipulation may begin if Xelpmoc Design'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 Xelpmoc Design 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 Xelpmoc Design'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.
-2.65
Beneish M Score - Inapplicable
Elasticity of Receivables

0.87

Focus
Asset Quality

0.66

Focus
Expense Coverage

1.49

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

1.49

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.22

Focus
Financial Leverage Condition

0.89

Focus

Xelpmoc Design 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 Xelpmoc Design'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 Receivables34.1 M32.3 M
Notably Up
Slightly volatile
Total Revenue78.8 M64.7 M
Fairly Up
Slightly volatile
Total Assets596.1 M749.4 M
Significantly Down
Slightly volatile
Total Current Assets196.2 M149.3 M
Significantly Up
Slightly volatile
Non Current Assets Total399.9 M600.1 M
Way Down
Slightly volatile
Property Plant Equipment53.8 M51.3 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization21.9 M20.9 M
Sufficiently Up
Slightly volatile
Selling General Administrative27.8 M15.4 M
Way Up
Slightly volatile
Total Current Liabilities24.9 M42.8 M
Way Down
Slightly volatile
Non Current Liabilities Total73.7 M85.8 M
Fairly Down
Slightly volatile
Long Term Debt1.3 M1.5 M
Fairly Down
Slightly volatile
Long Term Investments235.2 M316.1 M
Way Down
Slightly volatile

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

About Xelpmoc Design 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

21.93 Million

At present, Xelpmoc Design's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting.

Xelpmoc Design 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 Xelpmoc Design. 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 Receivables22.1M57.4M37.1M92.0M32.3M34.1M
Total Revenue81.1M140.5M80.5M147.4M64.7M78.8M
Total Assets535.3M697.9M1.1B806.9M749.4M596.1M
Total Current Assets160.7M204.2M480.8M354.2M149.3M196.2M
Net Debt1.2M(8.8M)(117.5M)21.4M16.0M16.8M
Short Term Debt178.8K3.3M50.014.3M20.2M21.3M
Operating Income(32.1M)32.4M(136.9M)(161.9M)(36.0M)(37.8M)
Investments28.0M14.6M(211.5M)39.9M108.4M113.8M

About Xelpmoc Design Fundamental Analysis

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

Xelpmoc Design financial ratios help investors to determine whether Xelpmoc Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Xelpmoc with respect to the benefits of owning Xelpmoc Design security.