Staffing 360 Solutions Stock Beneish M Score

STAF Stock  USD 2.40  0.05  2.13%   
This module uses fundamental data of Staffing 360 to approximate the value of its Beneish M Score. Staffing 360 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 Staffing 360 Piotroski F Score and Staffing 360 Altman Z Score analysis.
  
At this time, Staffing 360's Short and Long Term Debt is most likely to increase significantly in the upcoming years. The Staffing 360's current Net Debt To EBITDA is estimated to increase to 14.33, while Net Debt is projected to decrease to roughly 31.1 M. The current Average Payables is estimated to decrease to about 2.2 M
At this time, Staffing 360's M Score is unavailable. The earnings manipulation may begin if Staffing 360'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 Staffing 360 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 Staffing 360'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.
-2.06
Beneish M Score - Unavailable
Elasticity of Receivables

1.32

Focus
Asset Quality

1.0

Focus
Expense Coverage

0.7

Focus
Gross Margin Strengs

1.05

Focus
Accruals Factor

0.7

Focus
Depreciation Resistance

1.21

Focus
Net Sales Growth

0.92

Focus
Financial Leverage Condition

0.73

Focus

Staffing 360 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 Staffing 360'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 Receivables21.5 M17.8 M
Fairly Up
Slightly volatile
Total Revenue175.2 M190.9 M
Significantly Down
Slightly volatile
Total Assets61.7 M70.7 M
Fairly Down
Slightly volatile
Total Current Assets24.3 M28.7 M
Fairly Down
Slightly volatile
Non Current Assets Total44.2 M42 M
Sufficiently Up
Slightly volatile
Property Plant Equipment1.6 M994.8 K
Way Up
Slightly volatile
Selling General Administrative24.5 M38.2 M
Way Down
Slightly volatile
Total Current Liabilities39.7 M74.1 M
Way Down
Slightly volatile
Non Current Liabilities Total4.2 M4.4 M
Notably Down
Slightly volatile
Short Term Debt35.9 M34.2 M
Sufficiently Up
Slightly volatile
Long Term Debt12 M10 M
Fairly Up
Pretty Stable
Long Term Investments2.3 M2.7 M
Fairly Down
Slightly volatile
Gross Profit Margin0.210.2
Sufficiently Up
Slightly volatile

Staffing 360 Solutions 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 Staffing 360's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Staffing 360 in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Staffing 360's degree of accounting gimmicks and manipulations.

About Staffing 360 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

2.72 Million

At this time, Staffing 360's Depreciation And Amortization is most likely to increase significantly in the upcoming years.

Staffing 360 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 Staffing 360. 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 Receivables26.6M24.6M20.7M21.3M17.8M21.5M
Total Revenue278.5M204.5M197.8M244.9M190.9M175.2M
Total Assets88.8M86.9M73.7M81.7M70.7M61.7M
Total Current Assets28.6M36.2M26.3M27.4M28.7M24.3M
Net Debt62.0M67.0M25.7M35.0M37.7M31.1M
Short Term Debt59.6M16.1M25.4M1.3M34.2M35.9M
Long Term Debt360K7.8M279K8.7M10.0M12.0M
Operating Income3.2M(5.8M)(4.2M)(2.7M)(11.6M)(11.0M)
Investments13.5M11.7M7.1M8.7M(2.0M)(1.9M)

Staffing 360 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, Staffing 360's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Staffing 360's managers, analysts, and investors.
Environmental
Governance
Social

About Staffing 360 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Staffing 360 Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Staffing 360 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Staffing 360 Solutions 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.

Currently Active Assets on Macroaxis

When determining whether Staffing 360 Solutions is a strong investment it is important to analyze Staffing 360's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Staffing 360's future performance. For an informed investment choice regarding Staffing Stock, refer to the following important reports:
Check out Staffing 360 Piotroski F Score and Staffing 360 Altman Z Score analysis.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Human Resource & Employment Services 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 Staffing 360. If investors know Staffing 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 Staffing 360 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(31.45)
Revenue Per Share
255.284
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.11)
The market value of Staffing 360 Solutions is measured differently than its book value, which is the value of Staffing that is recorded on the company's balance sheet. Investors also form their own opinion of Staffing 360's value that differs from its market value or its book value, called intrinsic value, which is Staffing 360'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 Staffing 360's market value can be influenced by many factors that don't directly affect Staffing 360'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 Staffing 360's value and its price as these two are different measures arrived at by different means. Investors typically determine if Staffing 360 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Staffing 360'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.