Parts Beneish M Score

ID
 Stock
  

USD 1.27  0.12  8.63%   

This module uses fundamental data of Parts ID to approximate the value of its Beneish M Score. Parts ID 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 see Parts ID Piotroski F Score and Parts ID Altman Z Score analysis.
  
Parts ID Debt Current is projected to decrease significantly based on the last few years of reporting. The past year's Debt Current was at 17,735.4. Parts ID Free Cash Flow per Share is projected to slightly decrease based on the last few years of reporting. The past year's Free Cash Flow per Share was at 0.032. The current year Return on Average Equity is expected to grow to 0.66, whereas Debt to Equity Ratio is forecasted to decline to (4.96) .
At this time, it appears that Parts ID is an unlikely manipulator. The earnings manipulation may begin if Parts ID'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 Parts ID 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 Parts ID'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.
-4.06
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.01Focus
Asset Quality0.99Focus
Expense Coverage0.8Focus
Gross Margin Strengs1.0Focus
Accruals Factor0.8Focus
Depreciation Resistance1.04Focus
Net Sales Growth1.02Focus
Financial Leverage Condition0.84Focus

Parts ID 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 Parts ID'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
Revenues455.6 M448.7 M
Fairly Up
Increasing
Slightly volatile
Selling General and Administrative Expense74.6 M91.9 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations10 M8.6 M
Fairly Up
Decreasing
Stable
Depreciation Amortization and Accretion7.3 M7.5 M
Fairly Down
Increasing
Slightly volatile
Total Assets53.9 M52.5 M
Fairly Up
Decreasing
Slightly volatile
Investments356.4 M345.5 M
Sufficiently Up
Increasing
Slightly volatile
Investments Non Current356.4 M345.5 M
Sufficiently Up
Increasing
Slightly volatile
Property Plant and Equipment Net14.2 M13.7 M
Sufficiently Up
Increasing
Slightly volatile
Trade and Non Trade Receivables2.2 M2.2 M
Fairly Up
Increasing
Slightly volatile
Total Liabilities56.9 M66.2 M
Fairly Down
Increasing
Slightly volatile
Current Assets30 M36 M
Significantly Down
Increasing
Slightly volatile
Assets Non Current17 M16.5 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities54.5 M66.2 M
Significantly Down
Increasing
Slightly volatile
Liabilities Non Current14.8 K14.4 K
Fairly Up
Decreasing
Slightly volatile
Total Debt22 K17.7 K
Fairly Up
Decreasing
Slightly volatile
Debt Current18.7 K17.7 K
Sufficiently Up
Decreasing
Slightly volatile
Debt Non Current14.3 K14.4 K
Slightly Down
Decreasing
Slightly volatile
Operating Income(9.4 M)(9.1 M)
Fairly Down
Decreasing
Slightly volatile
Gross Margin0.20.201
Slightly Down
Decreasing
Slightly volatile

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

About Parts ID 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.

Cost of Revenue

362.35 Million

Parts ID Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 358.44 Million

About Parts ID Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Parts ID's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parts ID using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parts ID 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.
PARTS iD, Inc., a digital commerce company, primarily sells automotive parts and accessories through its proprietary platforms. The company was founded in 2008 and is based in Cranbury, New Jersey. Parts ID operates under Internet Retail classification in the United States and is traded on NYSEMKT Exchange. It employs 108 people.

Parts ID Investors Sentiment

The influence of Parts ID'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 Parts. 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 Parts ID 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, Parts ID's short interest history, or implied volatility extrapolated from Parts ID options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Parts ID using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see Parts ID Piotroski F Score and Parts ID Altman Z Score analysis. Note that the Parts ID information on this page should be used as a complementary analysis to other Parts ID'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Parts ID price analysis, check to measure Parts ID'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 Parts ID is operating at the current time. Most of Parts ID's value examination focuses on studying past and present price action to predict the probability of Parts ID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parts ID's price. Additionally, you may evaluate how the addition of Parts ID to your portfolios can decrease your overall portfolio volatility.
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Is Parts ID'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 Parts ID. If investors know Parts 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 Parts ID 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
-0.78
Market Capitalization
47.3 M
Quarterly Revenue Growth YOY
-0.2
Return On Assets
-0.2
The market value of Parts ID is measured differently than its book value, which is the value of Parts that is recorded on the company's balance sheet. Investors also form their own opinion of Parts ID's value that differs from its market value or its book value, called intrinsic value, which is Parts ID'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 Parts ID's market value can be influenced by many factors that don't directly affect Parts ID'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 Parts ID's value and its price as these two are different measures arrived at by different means. Investors typically determine Parts ID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parts ID'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.