Jsc National Atomic Stock Beneish M Score

KAP Stock  USD 38.40  0.75  1.99%   
This module uses fundamental data of JSC National to approximate the value of its Beneish M Score. JSC National 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in JSC National Atomic. 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, JSC National's Debt Ratio is quite stable compared to the past year. Cash Flow To Debt Ratio is expected to rise to 2.56 this year, although the value of Short and Long Term Debt will most likely fall to about 95.1 B. At this time, JSC National's ROIC is quite stable compared to the past year. Inventory Turnover is expected to rise to 1.91 this year, although the value of Dividend Yield will most likely fall to 0.04.
At this time, JSC National's M Score is inapplicable. The earnings manipulation may begin if JSC National'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 JSC National 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 JSC National'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.
-1.36
Beneish M Score - Inapplicable
Elasticity of Receivables

1.19

Focus
Asset Quality

1.35

Focus
Expense Coverage

1.08

Focus
Gross Margin Strengs

0.56

Focus
Accruals Factor

1.08

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

0.52

Focus
Financial Leverage Condition

0.88

Focus

JSC National 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 JSC National'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 Receivables203.8 B332 B
Way Down
Slightly volatile
Total Revenue740.3 B1.4 T
Way Down
Slightly volatile
Total Assets1.8 T2.6 T
Way Down
Slightly volatile
Total Current Assets743 B1.3 T
Way Down
Slightly volatile
Non Current Assets Total1.1 T1.3 T
Significantly Down
Slightly volatile
Property Plant Equipment807.8 BT
Significantly Down
Slightly volatile
Selling General Administrative27.9 B50.2 B
Way Down
Slightly volatile
Total Current Liabilities248.6 B430.8 B
Way Down
Slightly volatile
Non Current Liabilities Total202.4 B160.2 B
Significantly Up
Slightly volatile
Net Debt53 B55.5 B
Sufficiently Down
Slightly volatile
Short Term Debt116 B210.9 B
Way Down
Slightly volatile
Operating Income713.4 B679.4 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities114.7 B136.5 B
Fairly Down
Slightly volatile
Short Term Investments49 B46.7 B
Sufficiently Up
Slightly volatile
Gross Profit Margin0.30.5317
Way Down
Slightly volatile

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

About JSC National 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.

Reconciled Depreciation

2.06 Billion

At this time, JSC National's Reconciled Depreciation is quite stable compared to the past year.

JSC National 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 JSC National. 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 Receivables143.7B169.7B270.2B258.6B332.0B203.8B
Total Revenue502.3B587.5B691.0B1.0T1.4T740.3B
Total Assets1.7T1.7T2.0T2.2T2.6T1.8T
Total Current Assets498.0B542.3B771.8B947.7B1.3T743.0B
Long Term Debt16.3B69.3B76.3B77.7B83.3B0.0
Operating Income149.9B220.8B230.5B454.3B679.4B713.4B
Investments11.7B83.2B(26.7B)(10.9B)(61.2B)(58.1B)

About JSC National Fundamental Analysis

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

JSC National financial ratios help investors to determine whether JSC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in JSC with respect to the benefits of owning JSC National security.