Invesco Pennsylvania Value Stock Beneish M Score

VPV Stock  USD 11.19  0.10  0.90%   
This module uses fundamental data of Invesco Pennsylvania to approximate the value of its Beneish M Score. Invesco Pennsylvania 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 Invesco Pennsylvania Piotroski F Score and Invesco Pennsylvania Altman Z Score analysis.
  
At this time, Invesco Pennsylvania's Net Debt is fairly stable compared to the past year. Cash Flow To Debt Ratio is likely to climb to 0.11 in 2024, whereas Long Term Debt is likely to drop slightly above 179.6 M in 2024. At this time, Invesco Pennsylvania's Free Cash Flow Per Share is fairly stable compared to the past year. Payables Turnover is likely to climb to 43.72 in 2024, whereas ROIC is likely to drop 0.03 in 2024.
At this time, it appears that Invesco Pennsylvania is an unlikely manipulator. The earnings manipulation may begin if Invesco Pennsylvania'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 Invesco Pennsylvania 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 Invesco Pennsylvania'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.
-2.69
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.62

Focus
Asset Quality

N/A

Focus
Expense Coverage

1.32

Focus
Gross Margin Strengs

0.95

Focus
Accruals Factor

1.32

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.8

Focus
Financial Leverage Condition

1.04

Focus

Invesco Pennsylvania 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 Invesco Pennsylvania'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 Receivables6.1 M4.7 M
Significantly Up
Slightly volatile
Total Assets436.9 M437.7 M
Slightly Down
Slightly volatile
Total Current Assets5.7 M4.7 M
Fairly Up
Pretty Stable
Non Current Assets Total378.9 M484.6 M
Significantly Down
Slightly volatile
Selling General Administrative2.8 M2.7 M
Sufficiently Up
Slightly volatile
Total Current Liabilities1.9 M3.2 M
Way Down
Slightly volatile
Non Current Liabilities Total150.2 M156.9 M
Sufficiently Down
Slightly volatile
Short Term Debt877.5 K923.7 K
Notably Down
Slightly volatile
Long Term Debt179.6 M221.4 M
Significantly Down
Slightly volatile
Operating Income16.6 M15.6 M
Notably Up
Slightly volatile
Investments90.6 M101.9 M
Fairly Down
Slightly volatile
Long Term Investments421.7 M433 M
Fairly Down
Slightly volatile

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

About Invesco Pennsylvania 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

2.57 Million

At this time, Invesco Pennsylvania's Other Operating Expenses is fairly stable compared to the past year.

About Invesco Pennsylvania Fundamental Analysis

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

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