Boqii Beneish M Score

BQ -  USA Stock  

USD 0.29  0.01  3.57%

This module uses fundamental data of Boqii Holding to approximate the value of its Beneish M Score. Boqii Holding 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. Continue to Boqii Holding Piotroski F Score and Boqii Holding Altman Z Score analysis.
  
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Boqii Holding Debt Current is very stable at the moment as compared to the past year. Boqii Holding reported last year Debt Current of 84.27 Million. As of 27th of May 2022, Debt Non Current is likely to grow to about 646.9 M, while Total Debt is likely to drop about 596.3 M. Boqii Holding Book Value per Share is very stable at the moment as compared to the past year. Boqii Holding reported last year Book Value per Share of 1.06. As of 27th of May 2022, Current Ratio is likely to grow to 3.98, while Earnings per Diluted Share are likely to drop (1.20) .
At this time, it appears that Boqii Holding is an unlikely manipulator. The earnings manipulation may begin if Boqii Holding'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 Boqii Holding 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 Boqii Holding'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.
-2.29
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.98Focus
Asset Quality1.62Focus
Expense Coverage0.99Focus
Gross Margin Strengs1.06Focus
Accruals Factor0.99Focus
Depreciation Resistance0.91Focus
Net Sales Growth0.96Focus
Financial Leverage Condition1.06Focus

Boqii Holding 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 Boqii Holding'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
Revenues1.1 B1.2 B
Sufficiently Down
Increasing
Slightly volatile
Selling General and Administrative Expense297.4 M315.3 M
Notably Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion17.3 M16.9 M
Fairly Up
Decreasing
Slightly volatile
Total Assets836.6 MB
Significantly Down
Increasing
Slightly volatile
Investments301.4 M279.3 M
Significantly Up
Increasing
Slightly volatile
Investments Current150.8 M151.7 M
Slightly Down
Decreasing
Slightly volatile
Investments Non Current78.8 M85.5 M
Significantly Down
Increasing
Slightly volatile
Property Plant and Equipment Net39.1 M43.3 M
Moderately Down
Increasing
Slightly volatile
Trade and Non Trade Receivables61.3 M65.8 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities772.1 M859 M
Moderately Down
Increasing
Slightly volatile
Current Assets641.8 M799 M
Significantly Down
Increasing
Slightly volatile
Assets Non Current194.8 M213.6 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities218.1 M195 M
Moderately Up
Decreasing
Slightly volatile
Liabilities Non Current482.1 M609.9 M
Significantly Down
Increasing
Slightly volatile
Total Debt596.3 M707.2 M
Fairly Down
Increasing
Slightly volatile
Debt Current94.9 M84.3 M
Moderately Up
Decreasing
Very volatile
Debt Non Current646.9 M599.6 M
Significantly Up
Increasing
Slightly volatile
Gross Margin0.180.17
Notably Up
Decreasing
Slightly volatile

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

About Boqii Holding 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.

Deferred Revenue

4.27 Million

Share
Boqii Holding Deferred Revenue is very stable at the moment as compared to the past year. Boqii Holding reported last year Deferred Revenue of 3.48 Million

About Boqii Holding Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Boqii Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Boqii Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Boqii Holding 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.
Boqii Holding Limited operates a pet-focused platform in the Peoples Republic of China. The company was founded in 2008 and is headquartered in Shanghai, the Peoples Republic of China. Boqii Holding operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 325 people.

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Our tools can tell you how much better you can do entering a position in Boqii Holding 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 Boqii Holding

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 Boqii Holding 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 Boqii Holding will appreciate offsetting losses from the drop in the long position's value.

Boqii Holding Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Boqii Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boqii Holding 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 Boqii Holding - 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 Boqii Holding to buy it.
The correlation of Boqii Holding 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 Boqii Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boqii Holding 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 Boqii Holding 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
Continue to Boqii Holding Piotroski F Score and Boqii Holding Altman Z Score analysis. Note that the Boqii Holding information on this page should be used as a complementary analysis to other Boqii Holding's 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Boqii Holding's 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 Boqii Holding. If investors know Boqii 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 Boqii Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Boqii Holding is measured differently than its book value, which is the value of Boqii that is recorded on the company's balance sheet. Investors also form their own opinion of Boqii Holding's value that differs from its market value or its book value, called intrinsic value, which is Boqii Holding's 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 Boqii Holding's market value can be influenced by many factors that don't directly affect Boqii Holding's 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 Boqii Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine Boqii Holding value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boqii Holding's 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.