Sacks Parente Golf, Stock Beneish M Score

SPGC Stock   1.63  0.01  0.62%   
This module uses fundamental data of Sacks Parente to approximate the value of its Beneish M Score. Sacks Parente 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 Sacks Parente Piotroski F Score and Sacks Parente Altman Z Score analysis.
  
The current year's Net Debt To EBITDA is expected to grow to 1.21, whereas Short and Long Term Debt Total is forecasted to decline to about 61.8 K. At present, Sacks Parente's Days Sales Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 4.97, whereas Price To Sales Ratio is forecasted to decline to 22.88.
At this time, it appears that Sacks Parente Golf, is a possible manipulator. The earnings manipulation may begin if Sacks Parente'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 Sacks Parente 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 Sacks Parente'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.
-2.2
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.45

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.8

Focus
Gross Margin Strengs

1.54

Focus
Accruals Factor

0.8

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.73

Focus
Financial Leverage Condition

0.9

Focus

Sacks Parente 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 Sacks Parente'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 Receivables55.6 K53 K
Sufficiently Up
Slightly volatile
Total Revenue253.3 K349 K
Way Down
Slightly volatile
Total Assets6.7 M6.4 M
Sufficiently Up
Slightly volatile
Total Current Assets6.1 M5.8 M
Sufficiently Up
Slightly volatile
Non Current Assets Total587 K559 K
Sufficiently Up
Slightly volatile
Depreciation And Amortization55.1 K58 K
Notably Down
Slightly volatile
Selling General Administrative1.8 M3.2 M
Way Down
Slightly volatile
Total Current Liabilities451.2 K475 K
Notably Down
Pretty Stable
Non Current Liabilities Total122.5 K129 K
Notably Down
Slightly volatile
Short Term Debt29.4 K31 K
Notably Down
Very volatile
Long Term Debt852.5 KM
Significantly Down
Slightly volatile
Gross Profit Margin0.540.3496
Way Up
Slightly volatile

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

About Sacks Parente 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

55,100

At present, Sacks Parente's Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting.

About Sacks Parente Fundamental Analysis

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Sacks Parente Golf, offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sacks Parente'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 Sacks Parente Golf, Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sacks Parente Golf, Stock:
Check out Sacks Parente Piotroski F Score and Sacks Parente Altman Z Score analysis.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Leisure Products 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 Sacks Parente. If investors know Sacks 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 Sacks Parente listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.70)
Revenue Per Share
0.973
Quarterly Revenue Growth
16.298
Return On Assets
(1.41)
Return On Equity
(17.71)
The market value of Sacks Parente Golf, is measured differently than its book value, which is the value of Sacks that is recorded on the company's balance sheet. Investors also form their own opinion of Sacks Parente's value that differs from its market value or its book value, called intrinsic value, which is Sacks Parente'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 Sacks Parente's market value can be influenced by many factors that don't directly affect Sacks Parente'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 Sacks Parente's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sacks Parente is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sacks Parente'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.