Academy Beneish M Score

ASO
 Stock
  

USD 34.99  0.55  1.55%   

This module uses fundamental data of Academy Sports to approximate the value of its Beneish M Score. Academy Sports 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. Please continue to Academy Sports Piotroski F Score and Academy Sports Altman Z Score analysis.
  
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Academy Sports Total Debt is quite stable at the moment as compared to the past year. The company's current value of Total Debt is estimated at 2.03 Billion. Debt Current is expected to rise to about 89.7 M this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (403.9 M).
At this time, it appears that Academy Sports And is an unlikely manipulator. The earnings manipulation may begin if Academy Sports' 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 Academy Sports 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 Academy Sports' 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.
-3.11
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.02Focus
Asset QualityN/AFocus
Expense Coverage1.04Focus
Gross Margin Strengs1.01Focus
Accruals Factor1.04Focus
Depreciation Resistance0.95Focus
Net Sales Growth0.97Focus
Financial Leverage Condition1.06Focus

Academy Sports 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 Academy Sports' 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
Revenues6.6 B6.8 B
Sufficiently Down
Increasing
Slightly volatile
Selling General and Administrative Expense1.5 B1.4 B
Slightly Up
Increasing
Slightly volatile
Net Cash Flow from Operations886.8 M673.3 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion115.3 M99.7 M
Fairly Up
Decreasing
Slightly volatile
Total Assets4.7 B4.6 B
Fairly Up
Increasing
Slightly volatile
Property Plant and Equipment Net1.6 B1.4 B
Significantly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables19.5 M19.7 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities3.4 B3.1 B
Significantly Up
Decreasing
Slightly volatile
Current Assets1.6 B1.7 B
Sufficiently Down
Increasing
Slightly volatile
Assets Non Current3.1 B2.9 B
Notably Up
Decreasing
Slightly volatile
Current Liabilities1.2 B1.1 B
Notably Up
Increasing
Slightly volatile
Liabilities Non Current2.2 BB
Significantly Up
Decreasing
Slightly volatile
Total DebtB1.8 B
Significantly Up
Decreasing
Slightly volatile
Debt Current89.7 M86.1 M
Sufficiently Up
Decreasing
Slightly volatile
Debt Non Current1.9 B1.8 B
Significantly Up
Decreasing
Slightly volatile
Operating Income699.1 M907.9 M
Significantly Down
Increasing
Slightly volatile
Gross Margin0.350.347
Slightly Up
Increasing
Slightly volatile

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

About Academy Sports 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.

Accumulated Other Comprehensive Income

(3.07 Million)

Share
Academy Sports Accumulated Other Comprehensive Income is quite stable at the moment as compared to the past year. The company's current value of Accumulated Other Comprehensive Income is estimated at (3.07 Million)

About Academy Sports Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Academy Sports And's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Academy Sports using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Academy Sports And 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.
Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas. Academy Sports operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 22000 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Academy Sports without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Academy Sports

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Academy Sports position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Academy Sports will appreciate offsetting losses from the drop in the long position's value.

Academy Sports Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Academy Sports - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Academy Sports And to buy it.
The correlation of Academy Sports is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports And moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Academy Sports can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Academy Sports Piotroski F Score and Academy Sports Altman Z Score analysis. Note that the Academy Sports And information on this page should be used as a complementary analysis to other Academy Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Academy Sports And price analysis, check to measure Academy Sports' 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 Academy Sports is operating at the current time. Most of Academy Sports' value examination focuses on studying past and present price action to predict the probability of Academy Sports' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Academy Sports' price. Additionally, you may evaluate how the addition of Academy Sports to your portfolios can decrease your overall portfolio volatility.
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Is Academy Sports' industry 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 Academy Sports. If investors know Academy 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 Academy Sports 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 YOY
-0.082
Market Capitalization
3.1 B
Quarterly Revenue Growth YOY
-0.071
Return On Assets
0.12
Return On Equity
0.45
The market value of Academy Sports And is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Academy Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.