Datable Technology Corp Stock Beneish M Score

DAC Stock  CAD 0.04  0.00  0.00%   
This module uses fundamental data of Datable Technology to approximate the value of its Beneish M Score. Datable Technology 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Datable Technology Corp. 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, Datable Technology's Net Debt is fairly stable compared to the past year. Short and Long Term Debt Total is likely to climb to about 3.8 M in 2024, whereas Long Term Debt is likely to drop slightly above 2.1 M in 2024. At this time, Datable Technology's Days Sales Outstanding is fairly stable compared to the past year. Average Payables is likely to climb to about 878.1 K in 2024, despite the fact that PTB Ratio is likely to grow to (0.50).
At this time, Datable Technology's M Score is inapplicable. The earnings manipulation may begin if Datable Technology'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 Datable Technology 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 Datable Technology'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.
-7.12
Beneish M Score - Inapplicable
Elasticity of Receivables

1.74

Focus
Asset Quality

0.65

Focus
Expense Coverage

1.78

Focus
Gross Margin Strengs

1.39

Focus
Accruals Factor

1.78

Focus
Depreciation Resistance

1.2

Focus
Net Sales Growth

0.6

Focus
Financial Leverage Condition

0.97

Focus

Datable Technology 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 Datable Technology'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 Receivables334.4 K318.5 K
Sufficiently Up
Slightly volatile
Total RevenueM3.3 M
Way Down
Slightly volatile
Total Assets1.1 MM
Significantly Up
Slightly volatile
Total Current AssetsM886.5 K
Fairly Up
Slightly volatile
Non Current Assets Total80.3 K139.3 K
Way Down
Slightly volatile
Property Plant Equipment114.4 K139.3 K
Significantly Down
Slightly volatile
Depreciation And Amortization60 K97.6 K
Way Down
Slightly volatile
Selling General Administrative2.2 M2.1 M
Notably Up
Slightly volatile
Total Current Liabilities4.1 M3.9 M
Sufficiently Up
Slightly volatile
Short Term Debt66.4 K117.7 K
Way Down
Slightly volatile
Long Term Debt2.1 M3.5 M
Way Down
Slightly volatile
Gross Profit Margin0.390.28
Significantly Up
Pretty Stable

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

About Datable Technology 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

60,007.08

At this time, Datable Technology's Depreciation And Amortization is fairly stable compared to the past year.

Datable Technology 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 Datable Technology. 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 Receivables66.6K257.7K644.7K276.9K318.5K334.4K
Total Revenue1.6M2.0M3.5M3.9M3.3M2.0M
Total Assets867.8K2.1M2.5M892.0K1.0M1.1M
Total Current Assets663.0K2.0M2.2M770.9K886.5K1.0M
Net Debt(304.6K)(1.3M)1.8M2.8M3.2M3.4M
Short Term Debt96.6K60.4K84.4K102.3K117.7K66.4K
Operating Income(2.2M)(2.6M)(4.3M)(3.8M)(2.1M)(2.2M)
Investments(1.1K)(6.6K)(81.7K)(100.9K)(165.5K)(157.2K)

About Datable Technology Fundamental Analysis

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

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