Zoomd Technologies Stock Beneish M Score

ZOMD Stock  CAD 0.80  0.04  5.26%   
This module uses fundamental data of Zoomd Technologies to approximate the value of its Beneish M Score. Zoomd Technologies 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomd Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
  
At this time, Zoomd Technologies' Interest Debt Per Share is fairly stable compared to the past year. Debt To Assets is likely to climb to 0.11 in 2024, despite the fact that Net Debt To EBITDA is likely to grow to (0.98). At this time, Zoomd Technologies' Days Sales Outstanding is fairly stable compared to the past year. Operating Cash Flow Per Share is likely to climb to 0 in 2024, whereas PTB Ratio is likely to drop 0.57 in 2024.
At this time, Zoomd Technologies' M Score is inapplicable. The earnings manipulation may begin if Zoomd Technologies' 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 Zoomd Technologies 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 Zoomd Technologies' 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.
-2.79
Beneish M Score - Inapplicable
Elasticity of Receivables

1.08

Focus
Asset Quality

0.72

Focus
Expense Coverage

0.81

Focus
Gross Margin Strengs

0.69

Focus
Accruals Factor

0.81

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

1.07

Focus
Financial Leverage Condition

N/A

Focus

Zoomd Technologies 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 Zoomd Technologies' 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 Receivables5.4 M4.7 M
Fairly Up
Slightly volatile
Total Assets18.2 M18.6 M
Fairly Down
Slightly volatile
Total Current Assets9.7 M7.9 M
Fairly Up
Slightly volatile
Property Plant Equipment3.9 M3.7 M
Sufficiently Up
Slightly volatile
Selling General Administrative8.1 M9.2 M
Fairly Down
Slightly volatile
Total Current Liabilities8.7 M7.8 M
Moderately Up
Slightly volatile
Gross Profit Margin0.260.3744
Way Down
Slightly volatile

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

About Zoomd Technologies 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

2.75 Million

At this time, Zoomd Technologies' Reconciled Depreciation is fairly stable compared to the past year.

Zoomd Technologies 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 Zoomd Technologies. 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 Receivables5.2M3.7M8.5M5.8M4.7M5.4M
Total Revenue27.1M25.4M52.6M53.0M32.1M34.4M
Total Assets26.0M19.4M26.6M25.0M18.6M18.2M
Total Current Assets11.5M6.9M14.1M10.4M7.9M9.7M
Non Current Assets Total14.5M12.6M12.4M14.6M10.8M12.5M
Property Plant Equipment1.8M1.4M814K3.2M3.7M3.9M
Selling General Administrative6.4M7.3M9.1M12.0M9.2M8.1M
Total Current Liabilities6.4M5.9M11.0M9.1M7.8M8.7M
Non Current Liabilities Total1.7M1.2M567K2.8M2.2M1.4M
Operating Income(3.4M)(5.2M)3.0M(2.1M)(1.3M)(1.3M)
Total Cash From Operating Activities(2.2M)(2.3M)3.8M1.8M428K279.4K
Investments(185K)(415K)(2.5M)(2.7M)(1.1M)(1.1M)

About Zoomd Technologies Fundamental Analysis

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

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