Mogu Inc Beneish M Score

MOGU -  USA Stock  

USD 1.85  0.14  8.19%

This module uses fundamental data of Mogu Inc to approximate the value of its Beneish M Score. Mogu Inc 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. Additionally, see Mogu Inc Piotroski F Score and Mogu Inc Altman Z Score analysis.
  
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Debt to Equity Ratio is likely to gain to 0.33 in 2022. Mogu Inc Tangible Assets Book Value per Share are comparatively stable at the moment as compared to the past year. Mogu Inc reported Tangible Assets Book Value per Share of 125.98 in 2021
At this time, it appears that Mogu Inc ADR is an unlikely manipulator. The earnings manipulation may begin if Mogu Inc'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 Mogu Inc 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 Mogu Inc'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.
-2.61
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables0.77Focus
Asset Quality1.41Focus
Expense Coverage1.11Focus
Gross Margin Strengs1.02Focus
Accruals Factor1.11Focus
Depreciation Resistance1.0Focus
Net Sales Growth1.39Focus
Financial Leverage ConditionN/AFocus

Mogu Inc 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 Mogu Inc'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
Revenues605.3 M434.2 M
Significantly Up
Decreasing
Slightly volatile
Selling General and Administrative Expense465.1 M299.5 M
Way Up
Decreasing
Slightly volatile
Depreciation Amortization and Accretion324.5 M316 M
Fairly Up
Decreasing
Slightly volatile
Total Assets2.3 B1.7 B
Significantly Up
Decreasing
Slightly volatile
Investments408.4 M383.9 M
Notably Up
Decreasing
Slightly volatile
Investments Current324.6 M324.2 M
Slightly Up
Decreasing
Slightly volatile
Investments Non Current112.3 M76.3 M
Way Up
Increasing
Slightly volatile
Property Plant and Equipment Net10 M9.7 M
Fairly Up
Decreasing
Slightly volatile
Trade and Non Trade Receivables7.5 MM
Significantly Up
Increasing
Slightly volatile
Total Liabilities459 M346.5 M
Significantly Up
Decreasing
Slightly volatile
Current Assets1.2 B888.4 M
Significantly Up
Decreasing
Slightly volatile
Assets Non Current1.2 B767.5 M
Way Up
Decreasing
Slightly volatile
Current Liabilities433.5 M328.8 M
Significantly Up
Decreasing
Slightly volatile
Liabilities Non Current25.5 M17.7 M
Way Up
Decreasing
Slightly volatile
Gross Margin0.570.56
Fairly Up
Decreasing
Slightly volatile

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

About Mogu Inc 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.

Depreciation Amortization and Accretion

324.54 Million

Share
Mogu Inc Depreciation Amortization and Accretion is comparatively stable at the moment as compared to the past year. Mogu Inc reported Depreciation Amortization and Accretion of 316.02 Million in 2021

Mogu Inc 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 Mogu Inc. 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)
Revenues973.21 M1.07 B835.31 M482.39 M434.15 M605.35 M
Total Assets3.58 B4.6 B2.44 B1.84 B1.66 B2.32 B
Current Assets1.66 B1.78 B1.31 B987.07 M888.37 M1.16 B
Assets Non Current1.92 B2.83 B1.13 B852.78 M767.5 M1.16 B
Total Liabilities695.31 M556.11 M460.28 M384.96 M346.46 M459 M
Current Liabilities670.07 M548.9 M435.11 M365.28 M328.75 M433.52 M
Operating Income(866.38 M)(582.94 M)(2.08 B)(478.81 M)(430.93 M)(464.95 M)
Investments435.28 M574.62 M453.48 M426.59 M383.93 M408.44 M
Investments Current234.25 M332.9 M351.11 M360.21 M324.19 M324.58 M
Gross Margin0.670.710.650.620.560.57

About Mogu Inc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mogu Inc ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mogu Inc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mogu Inc ADR 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.
MOGU Inc., through its subsidiaries, engages in the online fashion and lifestyle business in the Peoples Republic of China. MOGU Inc. was incorporated in 2011 and is headquartered in Hangzhou, the Peoples Republic of China. Mogu Inc operates under Internet Retail classification in the United States and is traded on New York Stock Exchange. It employs 605 people.

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Additionally, see Mogu Inc Piotroski F Score and Mogu Inc Altman Z Score analysis. Note that the Mogu Inc ADR information on this page should be used as a complementary analysis to other Mogu Inc'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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