This module uses fundamental data of Nuveen California to approximate the value of its Beneish M Score. Nuveen California 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 Nuveen California Piotroski F Score and Nuveen California Altman Z Score analysis.
Nuveen
Beneish M Score
Days Sales Outstanding
Ev To Sales
Roic
Inventory Turnover
Days Of Inventory On Hand
Sales General And Administrative To Revenue
Roe
Return On Tangible Assets
Current Ratio
Receivables Turnover
Operating Cycle
Pretax Profit Margin
Operating Profit Margin
Return On Capital Employed
Ebit Per Revenue
Quick Ratio
Cash Conversion Cycle
Days Of Inventory Outstanding
Days Of Sales Outstanding
Return On Assets
Asset Turnover
Net Profit Margin
Return On Equity
Change In Cash
Dividends Paid
Total Cash From Operating Activities
Net Income
Total Cash From Financing Activities
Other Non Cash Items
End Period Cash Flow
Begin Period Cash Flow
Total Assets
Other Current Liab
Total Stockholder Equity
Net Tangible Assets
Retained Earnings
Accounts Payable
Other Assets
Long Term Debt
Net Receivables
Total Liab
Long Term Investments
Common Stock
Cash
Common Stock Shares Outstanding
Total Current Liabilities
Net Debt
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Other Stockholder Equity
Total Current Assets
Common Stock Total Equity
Liabilities And Stockholders Equity
Non Current Liabilities Total
Other Current Assets
Capital Stock
Interest Expense
Selling General Administrative
Total Revenue
Gross Profit
Operating Income
Net Income From Continuing Ops
Ebit
Cost Of Revenue
Total Operating Expenses
Income Before Tax
Total Other Income Expense Net
Net Income Applicable To Common Shares
Income Tax Expense
Depreciation And Amortization
Other Operating Expenses
Ebitda
Net Interest Income
Interest Income
Probability Of Bankruptcy
At present, Nuveen California's Debt To Assets are projected to increase slightly based on the last few years of reporting. The current year's Total Debt To Capitalization is expected to grow to 0.01, whereas Long Term Debt is forecasted to decline to about 1.4 M. At present, Nuveen California's Receivables Turnover is projected to increase slightly based on the last few years of reporting. The current year's Pretax Profit Margin is expected to grow to 1.01, whereas Days Sales Outstanding is forecasted to decline to 61.51.
At this time, it appears that Nuveen California Select is a possible manipulator. The earnings manipulation may begin if Nuveen California'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 Nuveen California 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 Nuveen California'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.
Nuveen California 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 Nuveen California'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.
Nuveen California Select 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 Nuveen California's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Nuveen California in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Nuveen California's degree of accounting gimmicks and manipulations.
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.
Operating Income
2.53 Million
At present, Nuveen California's Operating Income is projected to decrease significantly based on the last few years of reporting.
About Nuveen California Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nuveen California Select's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuveen California using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuveen California Select 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.
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When determining whether Nuveen California Select offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nuveen California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nuveen California Select Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nuveen California Select Stock:
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Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nuveen California. If investors know Nuveen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nuveen California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
13.302
Dividend Share
0.54
Earnings Share
0.85
Revenue Per Share
0.581
Quarterly Revenue Growth
0.016
The market value of Nuveen California Select is measured differently than its book value, which is the value of Nuveen that is recorded on the company's balance sheet. Investors also form their own opinion of Nuveen California's value that differs from its market value or its book value, called intrinsic value, which is Nuveen California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nuveen California's market value can be influenced by many factors that don't directly affect Nuveen California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nuveen California's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuveen California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuveen California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.