Ranger Energy Services Stock Beneish M Score

RNGR Stock  USD 16.50  0.33  1.96%   
This module uses fundamental data of Ranger Energy to approximate the value of its Beneish M Score. Ranger Energy 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 Ranger Energy Piotroski F Score and Ranger Energy Altman Z Score analysis.
  
At this time, Ranger Energy's Long Term Debt is relatively stable compared to the past year. As of 11/26/2024, Long Term Debt Total is likely to grow to about 21.8 M, though Net Debt is likely to grow to (760 K). At this time, Ranger Energy's Cash Per Share is relatively stable compared to the past year. As of 11/26/2024, POCF Ratio is likely to grow to 2.91, while PTB Ratio is likely to drop 0.92.
At this time, it appears that Ranger Energy Services is an unlikely manipulator. The earnings manipulation may begin if Ranger Energy'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 Ranger Energy 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 Ranger Energy'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.
-27.55
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.64

Focus
Asset Quality

-58.05

Focus
Expense Coverage

0.9

Focus
Gross Margin Strengs

0.93

Focus
Accruals Factor

0.9

Focus
Depreciation Resistance

1.01

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.04

Focus

Ranger Energy 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 Ranger Energy'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 Receivables57.5 M85.4 M
Way Down
Slightly volatile
Total Revenue668.4 M636.6 M
Sufficiently Up
Slightly volatile
Total Assets298.1 M378 M
Significantly Down
Slightly volatile
Total Current Assets75 M135.4 M
Way Down
Slightly volatile
Non Current Assets Total223.1 M242.6 M
Significantly Down
Slightly volatile
Property Plant Equipment206.4 M267.7 M
Significantly Down
Slightly volatile
Depreciation And Amortization30.3 M39.9 M
Way Down
Slightly volatile
Selling General Administrative27.9 M29.5 M
Notably Down
Slightly volatile
Total Current Liabilities56.6 M69 M
Significantly Down
Slightly volatile
Non Current Liabilities Total31.9 M37.2 M
Fairly Down
Slightly volatile
Short Term Debt7.6 MM
Notably Down
Slightly volatile
Long Term Debt19.2 M13.3 M
Way Up
Slightly volatile

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

About Ranger Energy 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

30.27 Million

At this time, Ranger Energy's Depreciation And Amortization is relatively stable compared to the past year.

Ranger Energy 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 Ranger Energy. 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 Receivables42.7M27M93.8M118.1M85.4M57.5M
Total Revenue336.9M187.8M293.1M608.5M636.6M668.4M
Total Assets293.5M240.6M393.1M381.6M378M298.1M
Total Current Assets58.7M35.7M105.2M140.1M135.4M75.0M
Net Debt48.7M30.7M67.7M24.3M(800K)(760K)
Short Term Debt20.9M12.5M46.3M14.1M8M7.6M
Long Term Debt26.6M14.5M18.4M11.6M13.3M19.2M
Operating Income12.4M(15.1M)(3.5M)19.7M36.9M38.7M
Investments(23.4M)(5.4M)(36.4M)11.3M(24.2M)(25.4M)

Ranger Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ranger Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ranger Energy's managers, analysts, and investors.
Environmental
Governance
Social

About Ranger Energy Fundamental Analysis

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

Additional Tools for Ranger Stock Analysis

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