Oneview Healthcare Plc Stock Beneish M Score

ONE Stock   0.32  0.01  3.23%   
This module uses fundamental data of Oneview Healthcare to approximate the value of its Beneish M Score. Oneview Healthcare 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneview Healthcare PLC. 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, Oneview Healthcare's Short Term Debt is comparatively stable compared to the past year. Long Term Debt Total is likely to gain to about 596.6 K in 2024, whereas Net Debt is likely to drop (11.1 M) in 2024.
At this time, Oneview Healthcare's M Score is inapplicable. The earnings manipulation may begin if Oneview Healthcare'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 Oneview Healthcare 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 Oneview Healthcare'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.
-0.73
Beneish M Score - Inapplicable
Elasticity of Receivables

1.5

Focus
Asset Quality

3.35

Focus
Expense Coverage

1.7

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

1.7

Focus
Depreciation Resistance

0.81

Focus
Net Sales Growth

0.7

Focus
Financial Leverage Condition

-4.07

Focus

Oneview Healthcare 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 Oneview Healthcare'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 ReceivablesM5.7 M
Sufficiently Up
Slightly volatile
Total Revenue6.6 M9.4 M
Way Down
Slightly volatile
Total Assets23.1 M21.9 M
Notably Up
Slightly volatile
Total Current Assets16.5 M19.9 M
Significantly Down
Pretty Stable
Non Current Assets Total2.5 MM
Fairly Up
Slightly volatile
Property Plant Equipment835.4 K705.8 K
Fairly Up
Slightly volatile
Depreciation And Amortization854.1 K486 K
Way Up
Slightly volatile
Selling General Administrative3.7 M3.1 M
Fairly Up
Slightly volatile
Total Current Liabilities6.3 M11.7 M
Way Down
Slightly volatile
Non Current Liabilities Total1.3 MM
Significantly Up
Slightly volatile
Long Term Debt91.5 K96.3 K
Notably Down
Slightly volatile

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

About Oneview Healthcare 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

854,093

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

Oneview Healthcare 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 Oneview Healthcare. 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 Receivables2.7M2.6M1.5M1.7M5.7M6.0M
Total Revenue7.1M7.1M9.7M8.9M9.4M6.6M
Total Assets17.8M14.2M21.1M12.8M21.9M23.1M
Total Current Assets14.4M11.3M18.7M11.2M19.9M16.5M
Non Current Assets Total3.4M3.0M2.4M1.5M2.0M2.5M
Property Plant Equipment2.0M1.6M1.3M613.8K705.8K835.4K
Depreciation And Amortization1.1M1.2M1.1M1.0M486.0K854.1K
Selling General Administrative4.7M3.4M3.3M3.5M3.1M3.7M
Total Current Liabilities8.2M8.7M10.3M7.3M11.7M6.3M
Non Current Liabilities Total1.9M1.5M892.6K3.2M1.0M1.3M
Net Debt(8.5M)(5.3M)(14.0M)(5.9M)(10.6M)(11.1M)
Short Term Debt241.7K423.8K366.7K172.3K152.9K160.5K
Operating Income(15.6M)(8.2M)(8.0M)(10.8M)(13.6M)(14.2M)
Total Cash From Operating Activities(13.2M)(7.7M)(4.0M)(10.2M)(11.8M)(12.4M)
Investments(672.6K)(397.8K)(65.3K)(44.5K)(521.4K)(547.4K)

About Oneview Healthcare Fundamental Analysis

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

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