Quoin Pharmaceuticals Ltd Stock Beneish M Score

QNRX Stock  USD 0.60  0.01  1.69%   
This module uses fundamental data of Quoin Pharmaceuticals to approximate the value of its Beneish M Score. Quoin Pharmaceuticals 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 Quoin Pharmaceuticals Piotroski F Score and Quoin Pharmaceuticals Altman Z Score analysis.
  
At this time, Quoin Pharmaceuticals' Net Debt To EBITDA is fairly stable compared to the past year. Debt To Equity is likely to rise to 1,076 in 2024, despite the fact that Net Debt is likely to grow to (2.3 M). At this time, Quoin Pharmaceuticals' Capex To Depreciation is fairly stable compared to the past year. Days Of Inventory On Hand is likely to rise to 0 in 2024, whereas PTB Ratio is likely to drop 0.74 in 2024.
At this time, it appears that Quoin Pharmaceuticals is an unlikely manipulator. The earnings manipulation may begin if Quoin Pharmaceuticals' 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 Quoin Pharmaceuticals 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 Quoin Pharmaceuticals' 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.
-5.58
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

N/A

Focus
Asset Quality

N/A

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

0.85

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

2.82

Focus

Quoin Pharmaceuticals 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 Quoin Pharmaceuticals' 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 Receivables61.8 K69.6 K
Fairly Down
Slightly volatile
Total Assets11.7 M12.2 M
Sufficiently Down
Pretty Stable
Total Current Assets8.3 M11.3 M
Way Down
Slightly volatile
Non Current Assets TotalM883.3 K
Fairly Up
Slightly volatile
Depreciation And Amortization96.1 K103.7 K
Significantly Down
Slightly volatile
Selling General AdministrativeM6.1 M
Way Down
Slightly volatile
Total Current Liabilities5.5 M3.6 M
Way Up
Slightly volatile
Non Current Liabilities Total2.8 M2.9 M
Notably Down
Pretty Stable
Short Term Debt513540
Notably Down
Pretty Stable
Gross Profit Margin1.11.3
Fairly Down
Very volatile

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

About Quoin Pharmaceuticals 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

96,126.58

At this time, Quoin Pharmaceuticals' Depreciation And Amortization is fairly stable compared to the past year.

Quoin Pharmaceuticals 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 Quoin Pharmaceuticals. 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)
Total Assets6.2M1.4M9.4M14.5M12.2M11.7M
Total Current Assets5.4M465.2K8.5M13.4M11.3M8.3M
Non Current Assets Total794.7K912.6K858.6K1.1M883.3K1.0M
Selling General Administrative1.5M1.4M4.5M6.6M6.1M4.0M
Net Debt(4.9M)889.5K736.4M(2.9M)(2.4M)(2.3M)
Operating Income(1.6M)(2.0M)(20.4M)(8.8M)(9.4M)(8.9M)
Total Cash From Operating Activities(1.3M)(1.3M)(5.7M)(8.5M)(7.9M)(8.3M)

About Quoin Pharmaceuticals Fundamental Analysis

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

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