Elite Material Co Stock Beneish M Score

2383 Stock  TWD 468.50  5.50  1.19%   
This module uses fundamental data of Elite Material to approximate the value of its Beneish M Score. Elite Material 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Elite Material Co. 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.
  
At this time, Elite Material's M Score is inapplicable. The earnings manipulation may begin if Elite Material'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 Elite Material 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 Elite Material'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.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

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Asset Quality

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Expense Coverage

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Gross Margin Strengs

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Accruals Factor

N/A

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Depreciation Resistance

N/A

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Net Sales Growth

N/A

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Financial Leverage Condition

N/A

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About Elite Material Fundamental Analysis

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

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