Foxx Development Holdings Stock Beneish M Score

FOXX Stock   5.82  0.45  7.18%   
This module uses fundamental data of Foxx Development to approximate the value of its Beneish M Score. Foxx Development 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 Foxx Development Piotroski F Score and Foxx Development Altman Z Score analysis.
  
At this time, Foxx Development's Net Debt is fairly stable compared to the past year. Interest Debt Per Share is likely to rise to 0.97 in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 3.6 M in 2024.
At this time, it appears that Foxx Development Holdings is a possible manipulator. The earnings manipulation may begin if Foxx Development'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 Foxx Development 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 Foxx Development'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.
-0.68
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.11

Focus
Asset Quality

N/A

Focus
Expense Coverage

0.56

Focus
Gross Margin Strengs

0.91

Focus
Accruals Factor

0.56

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.95

Focus
Financial Leverage Condition

1.35

Focus

Foxx Development 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 Foxx Development'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
Total Revenue3.1 M3.2 M
Notably Down
Slightly volatile
Total Assets2.9 M5.4 M
Way Down
Slightly volatile
Total Current Assets2.5 M4.3 M
Way Down
Slightly volatile
Non Current Assets Total1.1 MM
Sufficiently Up
Slightly volatile
Depreciation And Amortization75.9 K72.3 K
Sufficiently Up
Slightly volatile
Selling General Administrative1.1 M2.1 M
Way Down
Slightly volatile
Total Current Liabilities4.6 M8.9 M
Way Down
Slightly volatile
Net Debt6.5 M6.2 M
Sufficiently Up
Slightly volatile
Short Term Debt3.4 M6.4 M
Way Down
Slightly volatile
Long Term Debt84.2 K95.4 K
Fairly Down
Slightly volatile
Gross Profit Margin0.03260.0359
Moderately Down
Pretty Stable

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

About Foxx Development 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

75,863.55

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

About Foxx Development Fundamental Analysis

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

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