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Beneish M-Score

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NASDAQGS:IVAC

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Analysis

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The following section summarizes insights on 's Beneish M-Score:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024-8.00-4.000.00
Performance Summary

    How does null's Beneish M-Score benchmark against competitors?

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    We've identified the following companies as similar to because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

    Beneish M-Score Benchmarks
    NameTickerBeneish M-Score
    NASDAQGS:IVAC0.13
    #ERROR!UNDEFINED.UNDEFINED-
    Sonim Technologies IncNASDAQCM:SONM-6.76
    One Stop Systems IncNASDAQCM:OSS-3.64
    Qualstar CorporationPINC:QBAK-3.39
    AstroNova IncNASDAQGM:ALOT-3.35
    Corsair Gaming IncNASDAQGS:CRSR-3.16
    Diebold Nixdorf IncNYSE:DBD-2.86
    Socket Mobile IncNASDAQCM:SCKT-2.85
    CompoSecure IncNASDAQGM:CMPO-2.74
    Veritec, Inc.PINC:VRTCNM
    CPI Card Group IncNASDAQGM:PMTS-2.66

    Metric Usage: Beneish M-Score

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    beneish_mscore
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    number
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    current
    Default Period
    FY, LTM
    Periods Supported
    Free
    Plan

    To view the full list of supported financial metrics please see Complete Metrics Listing.

    Similar Metrics

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    Metrics similar to Beneish M-Score in the risk category include:

    • Degree of Operating Leverage (DOL) - The degree of operating leverage measures the sensitivity of a company's operating income with respect to a change in revenue.
    • FCF / Net Income - This data item measures the ratio of levered free cash flow to net income to common, excluding extra items. It is a quick and helpful check on the quality of earnings.
    • Long-term Debt / Equity - A ratio that measures the level of the long-term debt relative to the book value of common equity.
    • Beta (1 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. Beta (1 Year) is calculated using one year of weekly returns.
    View Full List

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    Beneish M-Score

    A statistical score that uses financial ratios to identify whether a company has manipulated its earnings

    Definition of Beneish M-Score

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    The Beneish M-Score statistical score that uses financial ratios to identify whether a company has manipulated its earnings. 's Beneish M-Score of 0.13 implies the company is possibly an earnings manipulator.

    The Beneish M-Score outlines eight financial ratios required to calculate the score:

    1) Days Sales in Receivables Index (DSRI)

    DSRI = (Net Receivablest / Salest) / (Net Receivablest-1 / Salest-1)

    2) Gross Margin Index (GMI)

    GMI = [(Salest-1 - COGSt-1) / Salest-1] / [(Salest - COGSt) / Salest]

    3) Asset Quality Index (AQI)

    AQI = [(Total Assets - Current Assetst - PP&Et) / Total Assetst] / [(Total Assets - Current Assetst-1 - PP&Et-1) / Total Assetst-1]

    4) Sales Growth Index (SGI)

    SGI = Salest / Salest-1

    5) Depreciation Index (DEPI)

    DEPI = (Depreciationt-1/ (PP&Et-1 + Depreciationt-1)) / (Depreciationt / (PP&Et + Depreciationt))

    6) Sales General and Administrative Expenses Index (SGAI)

    SGAI = (SG&A Expenset / Salest) / (SG&A Expenset-1 / Salest-1)

    7) Leverage Index (LVGI)

    LVGI = [(Current Liabilitiest + Total Long Term Debtt) / Total Assetst] / [(Current Liabilitiest-1 + Total Long Term Debtt-1) / Total Assetst-1]

    8) Total Accruals to Total Assets (TATA)

    TATA = (Income from Continuing Operationst - Cash Flows from Operationst) / Total Assetst

    After computing the eight variables outlined above, they can be weighted together using the following multivariate model to calculate the score:

    Beneish M-Score =
-4.84
(+) 0.92 × DSRI
(+) 0.528 × GMI
(+) 0.404 × AQI
(+) 0.892 × SGI
(+) 0.115 × DEPI
(+) -0.172 × SGAI
(+) 4.679 × TATA
(+) -0.327 × LVGI
    Click the link below to download a spreadsheet with an example Beneish M-Score calculation for NASDAQGS:IVAC below:

    Sector Benchmark Analysis

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