Autosports Group Stock Beneish M Score

ASG Stock   1.80  0.01  0.56%   
This module uses fundamental data of Autosports Group to approximate the value of its Beneish M Score. Autosports Group 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. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autosports Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
  
At this time, Autosports Group's Long Term Debt is comparatively stable compared to the past year. Short and Long Term Debt is likely to gain to about 702 M in 2025, whereas Long Term Debt Total is likely to drop slightly above 261.3 M in 2025.
At this time, Autosports Group's M Score is inapplicable. The earnings manipulation may begin if Autosports Group'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 Autosports Group 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 Autosports Group'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.
-3.37
Beneish M Score - Inapplicable
Elasticity of Receivables

1.07

Focus
Asset Quality

0.23

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.56

Focus
Financial Leverage Condition

1.41

Focus

Autosports Group 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 Autosports Group'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
Net Receivables72.6 M121.1 M
Way Down
Slightly volatile
Total Revenue1.7 BB
Way Down
Slightly volatile
Total Assets1.1 BB
Way Down
Slightly volatile
Total Current Assets404.1 M749.4 M
Way Down
Slightly volatile
Non Current Assets Total840.1 M1.2 B
Way Down
Slightly volatile
Property Plant Equipment632 M601.9 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization71.7 M68.3 M
Sufficiently Up
Slightly volatile
Selling General Administrative137.3 M244.8 M
Way Down
Slightly volatile
Short Term Debt749.2 M713.5 M
Sufficiently Up
Slightly volatile
Long Term Debt214.1 M203.9 M
Sufficiently Up
Slightly volatile
Operating Income176 M167.6 M
Sufficiently Up
Slightly volatile

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

About Autosports Group 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 And Amortization

71.68 Million

At this time, Autosports Group's Depreciation And Amortization is comparatively stable compared to the past year.

Autosports Group 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 Autosports Group. 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.
202020212022202320242025 (projected)
Net Receivables72.9M58.7M89.6M105.3M121.1M72.6M
Total Revenue2.0B1.9B2.4B2.6B3.0B1.7B
Total Assets1.2B1.2B1.6B1.7B2.0B1.1B
Total Current Assets430.2M381.6M523.0M651.7M749.4M404.1M
Net Debt513.2M488.3M861.0M955.7M1.1B585.3M
Short Term Debt320.2M286.5M487.3M620.4M713.5M749.2M
Long Term Debt75.6M93.9M195.1M177.3M203.9M214.1M
Operating Income72.1M99.2M145.9M145.7M167.6M176.0M
Investments(36.1M)(88.2M)(250.5M)(29.2M)(26.3M)(27.6M)

About Autosports Group Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Autosports Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Autosports Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Autosports Group 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.

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Additional Tools for Autosports Stock Analysis

When running Autosports Group's price analysis, check to measure Autosports Group'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 Autosports Group is operating at the current time. Most of Autosports Group's value examination focuses on studying past and present price action to predict the probability of Autosports Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autosports Group's price. Additionally, you may evaluate how the addition of Autosports Group to your portfolios can decrease your overall portfolio volatility.