Nixxy, Inc Stock Beneish M Score

NIXX Stock   2.70  0.21  7.22%   
This module uses fundamental data of Nixxy, to approximate the value of its Beneish M Score. Nixxy, 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 Nixxy, Piotroski F Score and Nixxy, Altman Z Score analysis.
  
Long Term Debt is likely to rise to about 1.5 M in 2024, whereas Net Debt is likely to drop slightly above 3.4 M in 2024.
At this time, it appears that Nixxy, Inc is an unlikely manipulator. The earnings manipulation may begin if Nixxy,'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 Nixxy, 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 Nixxy,'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.
-5.69
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

N/A

Focus
Expense Coverage

1.57

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

1.57

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.95

Focus
Financial Leverage Condition

0.56

Focus

Nixxy, 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 Nixxy,'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 Receivables385.5 K405.8 K
Notably Down
Pretty Stable
Total RevenueM3.2 M
Notably Down
Pretty Stable
Total Assets15.6 M10.5 M
Way Up
Slightly volatile
Total Current Assets3.3 MM
Way Up
Slightly volatile
Non Current Assets Total11 M8.4 M
Significantly Up
Slightly volatile
Selling General Administrative9.7 M6.5 M
Way Up
Slightly volatile
Total Current Liabilities8.3 M9.6 M
Fairly Down
Slightly volatile
Net Debt3.4 M4.6 M
Way Down
Slightly volatile
Long Term Debt1.5 M1.4 M
Slightly Up
Slightly volatile

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

About Nixxy, 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

2.31 Million

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

About Nixxy, Fundamental Analysis

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

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