Aspira Beneish M Score

AWH
 Stock
  

USD 0.73  0.14  23.73%   

This module uses fundamental data of Aspira Womans to approximate the value of its Beneish M Score. Aspira Womans 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 Aspira Womans Piotroski F Score and Aspira Womans Altman Z Score analysis.
  
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Aspira Womans Debt to Equity Ratio is most likely to slightly decrease in the upcoming years. The last year's value of Debt to Equity Ratio was reported at 0.36. Aspira Womans Receivables Turnover is most likely to drop in the upcoming years. The last year's value of Receivables Turnover was reported at 7.20. The current Inventory Turnover is estimated to increase to 41.13, while Accrued Expenses Turnover is projected to decrease to 1.40.
At this time, it appears that Aspira Womans Health is an unlikely manipulator. The earnings manipulation may begin if Aspira Womans' 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 Aspira Womans 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 Aspira Womans' 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.
-3.58
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.34Focus
Asset QualityN/AFocus
Expense Coverage1.0Focus
Gross Margin Strengs0.89Focus
Accruals Factor1.0Focus
Depreciation Resistance0.98Focus
Net Sales Growth0.81Focus
Financial Leverage Condition1.09Focus

Aspira Womans 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 Aspira Womans' 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
Revenues5.5 M6.8 M
Significantly Down
Increasing
Slightly volatile
Selling General and Administrative Expense24.3 M30.3 M
Significantly Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion379.2 K339 K
Moderately Up
Increasing
Slightly volatile
Total Assets32.6 M41.1 M
Significantly Down
Increasing
Stable
Property Plant and Equipment Net882.4 K810 K
Significantly Up
Increasing
Slightly volatile
Trade and Non Trade Receivables1.1 MM
Significantly Up
Increasing
Slightly volatile
Total Liabilities9.3 M10.9 M
Fairly Down
Decreasing
Very volatile
Current Assets43.2 M40 M
Significantly Up
Increasing
Stable
Assets Non CurrentM1.1 M
Sufficiently Down
Increasing
Slightly volatile
Current Liabilities8.5 M7.8 M
Significantly Up
Decreasing
Stable
Liabilities Non Current2.5 M3.1 M
Significantly Down
Increasing
Slightly volatile
Total Debt3.7 M4.1 M
Moderately Down
Decreasing
Stable
Debt Current1.1 MM
Significantly Up
Decreasing
Slightly volatile
Debt Non Current2.8 M3.1 M
Significantly Down
Increasing
Slightly volatile
Gross Margin0.40.45
Fairly Down
Decreasing
Slightly volatile

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

About Aspira Womans 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.

Operating Expenses

28.72 Million

Share
Aspira Womans Operating Expenses is most likely to increase significantly in the upcoming years. The last year's value of Operating Expenses was reported at 35.66 Million

Aspira Womans 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 Aspira Womans. 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.
201720182019202020212022 (projected)
Revenues3.12 M3.05 M4.54 M4.65 M6.81 M5.49 M
Total Assets7.5 M11.41 M13.83 M19.61 M41.08 M32.62 M
Current Assets6.3 M10.79 M13.41 M18.6 M40.01 M43.16 M
Assets Non Current1.19 M620 K418 K1 M1.07 M1.04 M
Total Liabilities4.09 M4.26 M5.09 M9.89 M10.91 M9.29 M
Current Liabilities2.61 M2.96 M3.98 M6 M7.84 M8.46 M
Total Debt1.67 M1.48 M1.65 M5.17 M4.11 M3.68 M
Debt Current185 K189 K535 K1.28 M1.04 M1.13 M
Debt Non Current1.48 M1.29 M1.11 M3.89 M3.07 M2.82 M
Operating Income(10.44 M)(11.33 M)(15.28 M)(17.98 M)(32.59 M)(33.45 M)
Gross Margin0.066(0.029)0.260.270.450.4

About Aspira Womans Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aspira Womans Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aspira Womans using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aspira Womans Health 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.
Aspira Womens Health Inc., together with its subsidiaries, engages in developing and commercializing diagnostic tests for gynecologic disease in the United States. Aspira Womens Health Inc. was incorporated in 1993 and is headquartered in Austin, Texas. Aspira Womans operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 106 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aspira Womans 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 Aspira Womans

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 Aspira Womans 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 Aspira Womans will appreciate offsetting losses from the drop in the long position's value.

Aspira Womans Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Aspira Womans could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspira Womans 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 Aspira Womans - 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 Aspira Womans Health to buy it.
The correlation of Aspira Womans 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 Aspira Womans moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspira Womans Health 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 Aspira Womans 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 Aspira Womans Piotroski F Score and Aspira Womans Altman Z Score analysis. Note that the Aspira Womans Health information on this page should be used as a complementary analysis to other Aspira Womans' 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Aspira Womans Health price analysis, check to measure Aspira Womans' 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 Aspira Womans is operating at the current time. Most of Aspira Womans' value examination focuses on studying past and present price action to predict the probability of Aspira Womans' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aspira Womans' price. Additionally, you may evaluate how the addition of Aspira Womans to your portfolios can decrease your overall portfolio volatility.
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Is Aspira Womans' 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 Aspira Womans. If investors know Aspira 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 Aspira Womans listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
82.2 M
Quarterly Revenue Growth YOY
0.27
Return On Assets
-0.48
Return On Equity
-0.95
The market value of Aspira Womans Health is measured differently than its book value, which is the value of Aspira that is recorded on the company's balance sheet. Investors also form their own opinion of Aspira Womans' value that differs from its market value or its book value, called intrinsic value, which is Aspira Womans' 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 Aspira Womans' market value can be influenced by many factors that don't directly affect Aspira Womans' 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 Aspira Womans' value and its price as these two are different measures arrived at by different means. Investors typically determine Aspira Womans value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aspira Womans' 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.