Vinfast Auto Ltd Stock Beneish M Score

VFS Stock   3.95  0.02  0.51%   
This module uses fundamental data of VinFast Auto to approximate the value of its Beneish M Score. VinFast Auto 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 VinFast Auto Piotroski F Score and VinFast Auto Altman Z Score analysis.
  
At this time, VinFast Auto's Long Term Debt is comparatively stable compared to the past year. Short Term Debt is likely to gain to about 84 T in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 87 T in 2024. At this time, VinFast Auto's Days Sales Outstanding is comparatively stable compared to the past year. Inventory Turnover is likely to gain to 2.83 in 2024, despite the fact that PTB Ratio is likely to grow to (2.62).
At this time, it appears that VinFast Auto is a possible manipulator. The earnings manipulation may begin if VinFast Auto'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 VinFast Auto 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 VinFast Auto'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.
-1.93
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.37

Focus
Asset Quality

1.23

Focus
Expense Coverage

1.29

Focus
Gross Margin Strengs

1.04

Focus
Accruals Factor

1.29

Focus
Depreciation Resistance

0.93

Focus
Net Sales Growth

0.7

Focus
Financial Leverage Condition

0.76

Focus

VinFast Auto 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 VinFast Auto'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 Receivables533.3 B552.1 B
Sufficiently Down
Slightly volatile
Total Revenue20.2 T28.6 T
Way Down
Slightly volatile
Total Assets116.5 T131.6 T
Fairly Down
Slightly volatile
Total Current Assets38.8 T49 T
Significantly Down
Slightly volatile
Non Current Assets Total77.6 T82.3 T
Notably Down
Very volatile
Property Plant Equipment61.9 T71 T
Fairly Down
Slightly volatile
Depreciation And AmortizationT6.3 T
Notably Down
Slightly volatile
Selling General Administrative4.8 T5.3 T
Moderately Down
Slightly volatile
Total Current Liabilities85.9 T138.8 T
Way Down
Slightly volatile
Non Current Liabilities Total56.9 T58.9 T
Sufficiently Down
Very volatile
Net Debt83.7 T113.9 T
Way Down
Slightly volatile
Short Term Debt84 T80 T
Sufficiently Up
Slightly volatile
Long Term Debt36.7 T30.2 T
Fairly Up
Pretty Stable
Short Term InvestmentsB4.1 B
Fairly Down
Slightly volatile
Long Term Investments70.2 B73.9 B
Notably Down
Slightly volatile

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

About VinFast Auto 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.

Other Operating Expenses

53.75 Trillion

At this time, VinFast Auto's Other Operating Expenses is comparatively stable compared to the past year.

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

About VinFast Auto Fundamental Analysis

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

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