Eastfield Resources Stock Beneish M Score

ETF Stock  CAD 0.03  0.00  0.00%   
This module uses fundamental data of Eastfield Resources to approximate the value of its Beneish M Score. Eastfield Resources 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 Eastfield Resources. 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, Eastfield Resources' Net Debt is fairly stable compared to the past year. Short and Long Term Debt Total is likely to climb to about 248 K in 2024, whereas Short Term Debt is likely to drop slightly above 104.2 K in 2024. At this time, Eastfield Resources' Days Sales Outstanding is fairly stable compared to the past year. Invested Capital is likely to climb to about 2.4 M in 2024, whereas PTB Ratio is likely to drop 0.78 in 2024.
At this time, Eastfield Resources' M Score is inapplicable. The earnings manipulation may begin if Eastfield Resources' 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 Eastfield Resources 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 Eastfield Resources' 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.
-3.44
Beneish M Score - Inapplicable
Elasticity of Receivables

N/A

Focus
Asset Quality

4.32

Focus
Expense Coverage

N/A

Focus
Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

0.92

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

0.75

Focus

Eastfield Resources 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 Eastfield Resources' 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 ReceivablesK7.3 K
Notably Down
Slightly volatile
Total Assets2.8 MM
Significantly Up
Slightly volatile
Total Current Assets402 K423.2 K
Notably Down
Slightly volatile
Non Current Assets Total1.9 M1.6 M
Fairly Up
Slightly volatile
Property Plant Equipment1.2 M1.3 M
Sufficiently Down
Slightly volatile
Depreciation And Amortization44.3 K42.2 K
Sufficiently Up
Slightly volatile
Selling General Administrative110.4 K162.5 K
Way Down
Pretty Stable
Total Current Liabilities283.3 K269.8 K
Sufficiently Up
Slightly volatile
Short Term Debt104.2 K123.5 K
Fairly Down
Slightly volatile
Long Term Investments78.6 K82.7 K
Notably Down
Pretty Stable

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

About Eastfield Resources 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

44,308.95

At this time, Eastfield Resources' Depreciation And Amortization is fairly stable compared to the past year.

About Eastfield Resources Fundamental Analysis

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

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