Americas Car Mart Stock Beneish M Score

CRMT Stock  USD 47.59  0.49  1.02%   
This module uses fundamental data of Americas Car to approximate the value of its Beneish M Score. Americas Car 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 Americas Car Piotroski F Score and Americas Car Altman Z Score analysis.
  
At this time, Americas Car's Short and Long Term Debt Total is comparatively stable compared to the past year. Net Debt is likely to gain to about 981.9 M in 2025, whereas Debt To Assets are likely to drop 0.37 in 2025. At this time, Americas Car's Income Quality is comparatively stable compared to the past year. Net Debt To EBITDA is likely to gain to 23.95 in 2025, whereas Days Sales Outstanding is likely to drop 165.09 in 2025.
At this time, Americas Car's M Score is unavailable. The earnings manipulation may begin if Americas Car'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 Americas Car 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 Americas Car'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.
-2.29
Beneish M Score - Unavailable
Elasticity of Receivables

1.0

Focus
Asset Quality

0.99

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

0.83

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Americas Car 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 Americas Car'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 Receivables1.3 B1.3 B
Sufficiently Up
Slightly volatile
Total Revenue1.7 B1.6 B
Sufficiently Up
Slightly volatile
Total Assets1.8 B1.7 B
Sufficiently Up
Slightly volatile
Total Current Assets1.6 B1.5 B
Sufficiently Up
Slightly volatile
Non Current Assets Total202 M192.4 M
Sufficiently Up
Slightly volatile
Property Plant Equipment74.5 M70.9 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization8.3 M7.9 M
Sufficiently Up
Slightly volatile
Selling General Administrative216.7 M206.3 M
Sufficiently Up
Slightly volatile
Total Current Liabilities427.2 M406.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total788.1 M750.6 M
Sufficiently Up
Slightly volatile
Net Debt981.9 M935.2 M
Sufficiently Up
Slightly volatile
Short Term Debt242.5 M230.9 M
Sufficiently Up
Slightly volatile
Long Term Debt668.5 M636.7 M
Sufficiently Up
Slightly volatile
Operating Income29.2 M29.5 M
Fairly Down
Pretty Stable
Gross Profit Margin0.340.41
Significantly Down
Pretty Stable

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

About Americas Car 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

8.3 Million

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

Americas Car 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 Americas Car. 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 Receivables628.5M859.5M1.1B1.1B1.3B1.3B
Total Revenue918.6M1.2B1.4B1.4B1.6B1.7B
Total Assets822.2M1.1B1.4B1.5B1.7B1.8B
Total Current Assets719.8M1.0B1.3B1.3B1.5B1.6B
Net Debt287.7M495.2M628.8M813.2M935.2M981.9M
Short Term Debt1.8M43.9M638.6M200.8M230.9M242.5M
Long Term Debt225.9M396.0M471.4M553.6M636.7M668.5M
Operating Income141.2M131.5M64.5M25.7M29.5M29.2M
Investments(8.3M)(1.3M)(25.3M)(10.6M)(9.6M)(9.1M)

Americas Car ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Americas Car's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Americas Car's managers, analysts, and investors.
Environmental
Governance
Social

About Americas Car Fundamental Analysis

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

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