Aeries Technology Stock Beneish M Score

AERT Stock  USD 1.05  0.10  8.70%   
This module uses fundamental data of Aeries Technology to approximate the value of its Beneish M Score. Aeries Technology 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 Aeries Technology Piotroski F Score and Aeries Technology Altman Z Score analysis.
For more information on how to buy Aeries Stock please use our How to Invest in Aeries Technology guide.
  
At this time, Aeries Technology's Net Debt To EBITDA is comparatively stable compared to the past year. Interest Debt Per Share is likely to gain to 0.59 in 2024, whereas Long Term Debt is likely to drop slightly above 1 M in 2024.
At this time, it appears that Aeries Technology is an unlikely manipulator. The earnings manipulation may begin if Aeries Technology'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 Aeries Technology 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 Aeries Technology'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.
-2.43
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.83

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.83

Focus
Gross Margin Strengs

0.74

Focus
Accruals Factor

0.83

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.84

Focus
Financial Leverage Condition

0.74

Focus

Aeries Technology 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 Aeries Technology'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 Receivables16.6 M23.8 M
Way Down
Slightly volatile
Total Revenue61.1 M72.5 M
Fairly Down
Slightly volatile
Total Assets37.6 M49.4 M
Way Down
Slightly volatile
Total Current Assets24 M32.8 M
Way Down
Slightly volatile
Non Current Assets Total13.7 M16.6 M
Significantly Down
Slightly volatile
Depreciation And Amortization1.3 M1.4 M
Slightly Down
Slightly volatile
Selling General Administrative13 M18.7 M
Way Down
Slightly volatile
Total Current Liabilities21 M38.1 M
Way Down
Slightly volatile
Non Current Liabilities TotalM12.5 M
Way Down
Slightly volatile
Net Debt8.7 M14.3 M
Way Down
Slightly volatile
Short Term Debt4.8 M9.2 M
Way Down
Slightly volatile
Long Term DebtM1.1 M
Significantly Down
Slightly volatile
Operating Income3.2 MM
Notably Up
Slightly volatile
Long Term Investments1.7 M1.8 M
Sufficiently Down
Slightly volatile
Gross Profit Margin0.220.2985
Way Down
Slightly volatile

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

About Aeries Technology 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

1.34 Million

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

About Aeries Technology Fundamental Analysis

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

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