Umax Group Corp Stock Beneish M Score

UMAX Stock  USD 0.0001  0.00  0.00%   
This module uses fundamental data of UMAX Group to approximate the value of its Beneish M Score. UMAX Group 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 UMAX Group Piotroski F Score and UMAX Group Altman Z Score analysis.
  
At this time, UMAX Group's Short and Long Term Debt is fairly stable compared to the past year. Short Term Debt is likely to rise to about 24 K in 2024, whereas Long Term Debt is likely to drop slightly above 92 K in 2024. At this time, UMAX Group's Average Payables is fairly stable compared to the past year. Cash Per Share is likely to rise to 0.000001 in 2024, whereas Price To Sales Ratio is likely to drop 34.20 in 2024.
At this time, it appears that UMAX Group Corp is a possible manipulator. The earnings manipulation may begin if UMAX Group'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 UMAX Group 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 UMAX Group'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.
33.76
Beneish M Score - Possible Manipulator
Elasticity of Receivables

N/A

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.5

Focus
Gross Margin Strengs

1.04

Focus
Accruals Factor

0.5

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

N/A

Focus

UMAX Group 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 UMAX Group'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
Total Assets23.4 K24.6 K
Notably Down
Slightly volatile
Total Current Assets16.5 K17.4 K
Notably Down
Slightly volatile
Non Current Assets Total4.5 K7.2 K
Way Down
Slightly volatile
Selling General Administrative57.8 K109.2 K
Way Down
Slightly volatile
Non Current Liabilities Total92 K106.5 K
Fairly Down
Slightly volatile
Net Debt74 K83.3 K
Fairly Down
Slightly volatile
Short Term Debt24 K22.9 K
Sufficiently Up
Slightly volatile
Long Term Debt92 K106.5 K
Fairly Down
Slightly volatile
Investments232.9 K338.2 K
Way Down
Slightly volatile
Short Term Investments196.1 K220.6 K
Fairly Down
Slightly volatile

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

About UMAX Group 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.

Capex To Depreciation

2.36E-4

At this time, UMAX Group's Capex To Depreciation is fairly stable compared to the past year.

About UMAX Group Fundamental Analysis

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

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