Crossamerica Partners Lp Stock Beneish M Score

CAPL Stock  USD 20.27  0.68  3.47%   
This module uses fundamental data of Crossamerica Partners to approximate the value of its Beneish M Score. Crossamerica Partners 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 Crossamerica Partners Piotroski F Score and Crossamerica Partners Altman Z Score analysis.
  
At this time, Crossamerica Partners' Net Debt To EBITDA is quite stable compared to the past year. Debt To Equity is expected to rise to 317.92 this year, although the value of Net Debt will most likely fall to about 594 M. At this time, Crossamerica Partners' ROIC is quite stable compared to the past year. Days Of Inventory On Hand is expected to rise to 5.01 this year, although Book Value Per Share will most likely fall to 0.07.
At this time, it appears that Crossamerica Partners is a possible manipulator. The earnings manipulation may begin if Crossamerica Partners' 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 Crossamerica Partners 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 Crossamerica Partners' 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.
-1.38
Beneish M Score - Possible Manipulator
Elasticity of Receivables

1.58

Focus
Asset Quality

3.57

Focus
Expense Coverage

1.17

Focus
Gross Margin Strengs

0.6

Focus
Accruals Factor

1.17

Focus
Depreciation Resistance

0.87

Focus
Net Sales Growth

0.62

Focus
Financial Leverage Condition

0.89

Focus

Crossamerica Partners 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 Crossamerica Partners' 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 Receivables31 M31.6 M
Fairly Down
Slightly volatile
Total Revenue2.7 B4.4 B
Way Down
Slightly volatile
Total Assets869.3 M1.2 B
Way Down
Slightly volatile
Total Current Assets72 M108.5 M
Way Down
Slightly volatile
Non Current Assets Total797.3 M1.1 B
Way Down
Slightly volatile
Property Plant Equipment615.5 MB
Way Down
Slightly volatile
Depreciation And Amortization53.5 M77.2 M
Way Down
Slightly volatile
Selling General Administrative31 M42.5 M
Way Down
Pretty Stable
Total Current Liabilities105.9 M161.1 M
Way Down
Slightly volatile
Non Current Liabilities Total660.4 MB
Way Down
Slightly volatile
Net Debt594 M905.5 M
Way Down
Slightly volatile
Short Term Debt21.7 M37.9 M
Way Down
Slightly volatile
Long Term Debt519.1 M745.9 M
Way Down
Slightly volatile
Operating Income92.5 M88.1 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities77.3 M117.1 M
Way Down
Slightly volatile
Gross Profit Margin0.05210.0872
Way Down
Slightly volatile

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

About Crossamerica Partners 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

53.45 Million

At this time, Crossamerica Partners' Depreciation And Amortization is quite stable compared to the past year.

Crossamerica Partners 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 Crossamerica Partners. 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 Receivables36.5M29.5M34.5M31.6M31.6M31.0M
Total Revenue2.1B1.9B3.6B5.0B4.4B2.7B
Total Assets905.3M1.0B1.3B1.3B1.2B869.3M
Total Current Assets63.5M74.8M106.3M118.4M108.5M72.0M
Net Debt659.1M702.8M988.9M927.3M905.5M594.0M
Short Term Debt26.0M34.6M45.8M46.5M37.9M21.7M
Long Term Debt534.9M509.9M796.6M750.6M745.9M519.1M
Operating Income43.3M35.2M36.1M96.0M88.1M92.5M
Investments1.1M974K793K(46.4M)(38.8M)(40.7M)
Gross Profit Margin0.07190.110.07740.07560.08720.0521

Crossamerica Partners ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Crossamerica Partners' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Crossamerica Partners' managers, analysts, and investors.
Environmental
Governance
Social

About Crossamerica Partners Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Crossamerica Partners LP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Crossamerica Partners using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Crossamerica Partners LP 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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When determining whether Crossamerica Partners is a strong investment it is important to analyze Crossamerica Partners' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Crossamerica Partners' future performance. For an informed investment choice regarding Crossamerica Stock, refer to the following important reports:
Check out Crossamerica Partners Piotroski F Score and Crossamerica Partners Altman Z Score analysis.
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Is Crossamerica Partners' industry 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 Crossamerica Partners. If investors know Crossamerica 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 Crossamerica Partners 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
(0.03)
Dividend Share
2.1
Earnings Share
0.61
Revenue Per Share
105.74
Quarterly Revenue Growth
(0.08)
The market value of Crossamerica Partners is measured differently than its book value, which is the value of Crossamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Crossamerica Partners' value that differs from its market value or its book value, called intrinsic value, which is Crossamerica Partners' 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 Crossamerica Partners' market value can be influenced by many factors that don't directly affect Crossamerica Partners' 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 Crossamerica Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crossamerica Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crossamerica Partners' 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.