The Byke Hospitality Stock Beneish M Score

BYKE Stock   84.39  1.72  2.08%   
This module uses fundamental data of Byke Hospitality to approximate the value of its Beneish M Score. Byke Hospitality 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 The Byke Hospitality. 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, Byke Hospitality's Short Term Debt is comparatively stable compared to the past year. Long Term Debt Total is likely to gain to about 825.8 M in 2024, whereas Net Debt is likely to drop slightly above 262.8 M in 2024.
At this time, Byke Hospitality's M Score is inapplicable. The earnings manipulation may begin if Byke Hospitality'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 Byke Hospitality 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 Byke Hospitality'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.
-2.1
Beneish M Score - Inapplicable
Elasticity of Receivables

0.73

Focus
Asset Quality

0.22

Focus
Expense Coverage

0.58

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

0.58

Focus
Depreciation Resistance

1.37

Focus
Net Sales Growth

1.37

Focus
Financial Leverage Condition

1.15

Focus

Byke Hospitality 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 Byke Hospitality'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 Receivables200.3 M200.8 M
Slightly Down
Slightly volatile
Total Revenue1.2 B838.6 M
Significantly Up
Very volatile
Total Assets1.7 B2.7 B
Way Down
Slightly volatile
Total Current Assets516.8 M768.7 M
Way Down
Slightly volatile
Non Current Assets Total1.2 B1.9 B
Way Down
Slightly volatile
Property Plant Equipment1.3 B1.8 B
Way Down
Slightly volatile
Depreciation And Amortization132.2 M252.2 M
Way Down
Slightly volatile
Selling General Administrative20.6 M25.9 M
Significantly Down
Slightly volatile
Total Current Liabilities246.8 M180.2 M
Significantly Up
Slightly volatile
Non Current Liabilities Total491 M467.6 M
Sufficiently Up
Slightly volatile
Short Term Debt173.7 M129.9 M
Significantly Up
Slightly volatile
Long Term Debt43.8 M58.4 M
Way Down
Slightly volatile
Total Cash From Operating Activities193.7 M208.2 M
Significantly Down
Slightly volatile
Long Term Investments1.3 M1.3 M
Notably Down
Slightly volatile

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

About Byke Hospitality 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

132.16 Million

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

Byke Hospitality 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 Byke Hospitality. 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.
201920202021202220232024 (projected)
Net Receivables269.6M248.7M252.2M207.8M200.8M200.3M
Total Revenue1.2B656.1M932.9M1.1B838.6M1.2B
Total Assets2.6B2.6B2.6B2.5B2.7B1.7B
Total Current Assets696.2M679.9M739.7M509.5M768.7M516.8M
Net Debt538.8M770.8M915.7M760.2M522.0M262.8M
Short Term Debt260.5M263.5M282.8M294.5M129.9M173.7M
Long Term Debt797K71.3M118.1M89.5M58.4M43.8M
Operating Income80.4M(124.5M)(65.6M)101.6M546.1M573.4M
Investments(599K)(2.7M)3.0M(404.9M)(230.7M)(219.1M)

About Byke Hospitality Fundamental Analysis

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

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