Desert Gold Ventures Stock Beneish M Score

DAU Stock  CAD 0.07  0.01  12.50%   
This module uses fundamental data of Desert Gold to approximate the value of its Beneish M Score. Desert Gold 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Gold Ventures. 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, Desert Gold's Short and Long Term Debt Total is fairly stable compared to the past year. Net Debt To EBITDA is likely to climb to 0.30 in 2024, whereas Net Debt is likely to drop (293.6 K) in 2024. At this time, Desert Gold's PTB Ratio is fairly stable compared to the past year. PB Ratio is likely to climb to 28.86 in 2024, whereas Free Cash Flow Yield is likely to drop (0.27) in 2024.
At this time, Desert Gold's M Score is inapplicable. The earnings manipulation may begin if Desert Gold'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 Desert Gold 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 Desert Gold'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.
-0.39
Beneish M Score - Inapplicable
Elasticity of Receivables

N/A

Focus
Asset Quality

1.0

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

1.19

Focus

Desert Gold 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 Desert Gold'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 Receivables10.3 K10.8 K
Notably Down
Slightly volatile
Total Assets284.1 K299.1 K
Notably Down
Slightly volatile
Total Current Assets282.9 K297.8 K
Notably Down
Slightly volatile
Property Plant Equipment3.2 K3.4 K
Notably Down
Slightly volatile
Depreciation And Amortization2.4 K2.5 K
Notably Down
Pretty Stable
Selling General Administrative403.6 K424.8 K
Notably Down
Slightly volatile
Total Current Liabilities117.9 K124.1 K
Notably Down
Pretty Stable
Short Term Debt146.6 K164.9 K
Fairly Down
Slightly volatile

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

About Desert Gold 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

2,422.5

At this time, Desert Gold's Depreciation And Amortization is fairly stable compared to the past year.

Desert Gold 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 Desert Gold. 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 Receivables23.1K49.0K192.7K92.6K10.8K10.3K
Total Assets263.7K4.0M1.5M1.4M299.1K284.1K
Total Current Assets233.7K4.0M1.5M1.4M297.8K282.9K
Non Current Assets Total30.0K13.6K7.7K3.8K1.3K1.2K
Property Plant Equipment46.8K30.0K13.6K3.8K3.4K3.2K
Depreciation And Amortization16.8K31.0K5.2K3.8K2.6K2.4K
Selling General Administrative1.1M910.2K792.8K818.0K424.8K403.6K
Total Current Liabilities316.9K457.5K476.9K539.7K124.1K117.9K
Net Debt(204.4K)(3.9M)(1.2M)(1.2M)(279.6K)(293.6K)
Operating Income(7.4M)(2.7M)(4.4M)(2.7M)(978.4K)(1.0M)
Total Cash From Operating Activities(2.8M)(2.4M)(4.0M)(2.7M)(1.2M)(1.3M)

About Desert Gold Fundamental Analysis

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

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