Eshallgo Class A Stock Beneish M Score

EHGO Stock   4.00  0.19  4.99%   
This module uses fundamental data of Eshallgo to approximate the value of its Beneish M Score. Eshallgo 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 Eshallgo Piotroski F Score and Eshallgo Altman Z Score analysis.
  
As of the 22nd of November 2024, Short and Long Term Debt Total is likely to grow to about 482.5 K, while Net Debt is likely to drop (5.2 M). At this time, Eshallgo's PE Ratio is very stable compared to the past year. As of the 22nd of November 2024, Receivables Turnover is likely to grow to 4.28, while Price To Sales Ratio is likely to drop 3.73.
At this time, it appears that Eshallgo Class A is an unlikely manipulator. The earnings manipulation may begin if Eshallgo'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 Eshallgo 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 Eshallgo'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.
-3.06
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.69

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.78

Focus
Gross Margin Strengs

0.85

Focus
Accruals Factor

0.78

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

1.16

Focus
Financial Leverage Condition

0.84

Focus

Eshallgo 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 Eshallgo'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 Receivables5.6 MM
Significantly Down
Slightly volatile
Total Revenue19.7 M17 M
Fairly Up
Slightly volatile
Total Assets18.7 M19.7 M
Notably Down
Slightly volatile
Total Current Assets16.4 M18.1 M
Moderately Down
Slightly volatile
Non Current Assets Total2.3 M1.6 M
Significantly Up
Slightly volatile
Depreciation And Amortization566 K609.7 K
Significantly Down
Slightly volatile
Selling General Administrative2.9 M3.2 M
Moderately Down
Slightly volatile
Total Current Liabilities3.2 M2.4 M
Significantly Up
Slightly volatile
Non Current Liabilities Total219.1 K210.4 K
Sufficiently Up
Pretty Stable
Operating Income1.5 M910.4 K
Way Up
Slightly volatile
Gross Profit Margin0.220.259
Fairly Down
Slightly volatile

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

About Eshallgo 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.

Reconciled Depreciation

497,695

At this time, Eshallgo's Reconciled Depreciation is very stable compared to the past year.

About Eshallgo Fundamental Analysis

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

Pair Trading with Eshallgo

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eshallgo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eshallgo will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eshallgo Stock

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Moving against Eshallgo Stock

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The ability to find closely correlated positions to Eshallgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eshallgo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eshallgo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eshallgo Class A to buy it.
The correlation of Eshallgo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eshallgo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Eshallgo Class A offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eshallgo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eshallgo Class A Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eshallgo Class A Stock:
Check out Eshallgo Piotroski F Score and Eshallgo Altman Z Score analysis.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eshallgo. If investors know Eshallgo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eshallgo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.269
Revenue Per Share
0.831
Quarterly Revenue Growth
(0.06)
Return On Assets
0.0282
Return On Equity
0.05
The market value of Eshallgo Class A is measured differently than its book value, which is the value of Eshallgo that is recorded on the company's balance sheet. Investors also form their own opinion of Eshallgo's value that differs from its market value or its book value, called intrinsic value, which is Eshallgo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eshallgo's market value can be influenced by many factors that don't directly affect Eshallgo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eshallgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eshallgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eshallgo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.