Extended Beneish M Score


USD 98.97  3.22  3.15%   

This module uses fundamental data of Extended Dur to approximate the value of its Beneish M Score. Extended Dur 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 Extended Dur Piotroski F Score and Extended Dur Altman Z Score analysis.
Long Term Debt to Equity is likely to climb to 0.29 in 2022. Debt to Equity Ratio is likely to climb to 0.29 in 2022. Extended Dur Quick Ratio is fairly stable at the moment as compared to the past year. Extended Dur reported Quick Ratio of 1.78 in 2021. Net Current Assets as percentage of Total Assets is likely to climb to 15.88 in 2022, whereas Inventory Turnover is likely to drop 6.11 in 2022.
At this time, Extended Dur's M Score is inapplicable. The earnings manipulation may begin if Extended Dur'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 Extended Dur 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 Extended Dur'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.
Beneish M Score - Inapplicable
Elasticity of ReceivablesN/AFocus
Asset QualityN/AFocus
Expense CoverageN/AFocus
Gross Margin Strengs0.82Focus
Accruals FactorN/AFocus
Depreciation ResistanceN/AFocus
Net Sales Growth1.08Focus
Financial Leverage ConditionN/AFocus

Extended Dur 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 Extended Dur'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
RevenuesB2.8 B
Significantly Up
Slightly volatile
Net Cash Flow from Operations1.3 B1.2 B
Significantly Up
Slightly volatile
Total Assets7.3 B6.8 B
Significantly Up
Slightly volatile
Total Liabilities3.1 B2.8 B
Significantly Up
Slightly volatile
Current Assets1.5 B1.4 B
Significantly Up
Slightly volatile
Current Liabilities611.9 M567.1 M
Significantly Up
Slightly volatile
Operating Income528.9 M490.2 M
Significantly Up
Slightly volatile
Gross Margin26.1832.0651
Significantly Down
Slightly volatile

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

About Extended Dur 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 Income

528.9 Million

Extended Dur Operating Income is fairly stable at the moment as compared to the past year. Extended Dur reported Operating Income of 490.2 Million in 2021

Extended Dur 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 Extended Dur. 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)
Revenues652.08 M751.96 M886.37 M1.42 B2.78 B3 B
Total Assets1.69 B1.92 B1.87 B3.88 B6.77 B7.31 B
Current Assets361.77 M327.84 M396.04 M1.09 B1.37 B1.47 B
Total Liabilities708.65 M1.06 B1.15 B1.82 B2.85 B3.07 B
Current Liabilities241.19 M248.42 M268.01 M546.65 M567.1 M611.87 M
Operating Income(81.81 M)102.25 M(39.94 M)268.8 M490.2 M528.9 M
Net Cash Flow from Operations221.79 M250.92 M301.88 M748.93 M1.17 B1.26 B
Gross Margin18.720.623.734.4132.0726.18

About Extended Dur Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Extended Dur Trs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extended Dur using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extended Dur Trs based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
The advisor employs an indexing investment approach designed to track the performance of the Bloomberg U.S. Extended Dur is traded on NYSEArca Exchange in the United States.

Extended Dur Investors Sentiment

The influence of Extended Dur's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Extended. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Extended Dur in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Extended Dur's short interest history, or implied volatility extrapolated from Extended Dur options trading.
Continue to Extended Dur Piotroski F Score and Extended Dur Altman Z Score analysis. Note that the Extended Dur Trs information on this page should be used as a complementary analysis to other Extended Dur'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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The market value of Extended Dur Trs is measured differently than its book value, which is the value of Extended that is recorded on the company's balance sheet. Investors also form their own opinion of Extended Dur's value that differs from its market value or its book value, called intrinsic value, which is Extended Dur'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 Extended Dur's market value can be influenced by many factors that don't directly affect Extended Dur'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 Extended Dur's value and its price as these two are different measures arrived at by different means. Investors typically determine Extended Dur value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extended Dur'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.