Adynxx Beneish M Score

Summary

ADYXDelisted Stock

USD 0.0001 0.00 0.00%

This module uses fundamental data of Adynxx to approximate the value of its Beneish M Score. Adynxx 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 Trending Equities.

Adynxx Total Debt is fairly stable at the moment as compared to the past year. Adynxx reported Total Debt of 7.48 Million in 2022. Debt Current is likely to rise to about 8.1 M in 2023, whereas Debt Non Current is likely to drop slightly above 10.8 M in 2023. Adynxx Enterprise Value over EBITDA is fairly stable at the moment as compared to the past year. Adynxx reported Enterprise Value over EBITDA of 0.30 in 2022. Price to Sales Ratio is likely to rise to 5.88 in 2023, whereas Asset Turnover is likely to drop 0.16 in 2023.

At this time, Adynxx's M Score is inapplicable. The earnings manipulation may begin if Adynxx'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 Adynxx 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 Adynxx'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.

5.64

Beneish M Score - Inapplicable

Elasticity of Receivables

1.0

Focus

Asset Quality

N/A

Focus

Expense Coverage

1.0

Focus

Gross Margin Strengs

0.85

Focus

Accruals Factor

1.0

Focus

Depreciation Resistance

1.0

Focus

Net Sales Growth

1.03

Focus

Financial Leverage Condition

1.06

Focus

Adynxx 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 Adynxx'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 Value

Last Year

Change From Last Year

10 Year Trend

Selling General and Administrative Expense

6.8 M

6.7 M

Fairly Up

Down

Pretty Stable

Revenues

2.6 M

2.5 M

Fairly Up

Down

Very volatile

Trade and Non Trade Receivables

116.8 K

113.8 K

Fairly Up

Down

Pretty Stable

Property Plant and Equipment Net

9.2 K

9 K

Fairly Up

Down

Slightly volatile

Liabilities Non Current

35.8 M

33.2 M

Significantly Up

Slightly volatile

Current Liabilities

10.6 M

11.1 M

Notably Down

Slightly volatile

Total Liabilities

47.8 M

44.3 M

Significantly Up

Slightly volatile

Gross Margin

0.22

0.26

Fairly Down

Slightly volatile

Depreciation Amortization and Accretion

2.4 M

2.2 M

Significantly Up

Slightly volatile

Debt Non Current

10.8 M

10.9 M

Slightly Down

Down

Slightly volatile

Debt Current

8.1 M

7.5 M

Significantly Up

Down

Slightly volatile

Total Debt

8.4 M

7.5 M

Moderately Up

Down

Slightly volatile

Assets Non Current

33 K

32.2 K

Fairly Up

Down

Slightly volatile

Current Assets

2.3 M

2.2 M

Fairly Up

Down

Pretty Stable

Total Assets

2.3 M

Fairly Up

Down

Slightly volatile

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

About Adynxx 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 Amortization and Accretion

2.39 Million

Adynxx Depreciation Amortization and Accretion is fairly stable at the moment as compared to the past year. Adynxx reported Depreciation Amortization and Accretion of 2.16 Million in 2022

About Adynxx Fundamental Analysis

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

Adynxx, Inc., a clinical stage biopharmaceutical company, focuses on the development and marketing of transcription factor decoy technologies for the treatment of pain and inflammatory diseases. The company was founded in 2007 and is headquartered in San Francisco, California. ADYNXX INC operates under Biotechnology classification in the United States and is traded on OTC Exchange. It employs 6 people.

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Our tools can tell you how much better you can do entering a position in Adynxx without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Adynxx

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adynxx position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adynxx will appreciate offsetting losses from the drop in the long position's value.

Moving against Adynxx

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The ability to find closely correlated positions to Adynxx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adynxx when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adynxx - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adynxx Inc to buy it.

The correlation of Adynxx is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adynxx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adynxx Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Adynxx can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out Trending Equities. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Consideration for investing in Adynxx Pink Sheet

If you are still planning to invest in Adynxx Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Adynxx's history and understand the potential risks before investing.

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	Trade and Non Trade Receivables	Revenues	Total Assets	Current Assets	Assets Non Current	Property Plant and Equipment Net	Depreciation Amortization and Accretion	Selling General and Administrative Expense	Total Liabilities
Trade and Non Trade Receivables		0.99	0.87	0.75	0.84	0.46	0.41	0.97	0.04
Revenues	0.99		0.81	0.66	0.82	0.4	0.48	0.92	0.12
Total Assets	0.87	0.81		0.88	0.97	0.57	0.43	0.85	-0.12
Current Assets	0.75	0.66	0.88		0.73	0.39	0.24	0.85	-0.03
Assets Non Current	0.84	0.82	0.97	0.73		0.6	0.49	0.76	-0.16
Property Plant and Equipment Net	0.46	0.4	0.57	0.39	0.6		-0.25	0.44	-0.8
Depreciation Amortization and Accretion	0.41	0.48	0.43	0.24	0.49	-0.25		0.32	0.39
Selling General and Administrative Expense	0.97	0.92	0.85	0.85	0.76	0.44	0.32		0.02
Total Liabilities	0.04	0.12	-0.12	-0.03	-0.16	-0.8	0.39	0.02

Adynxx Beneish M Score

Adynxx Beneish M-Score Indicator Trends

Adynxx Inc Beneish M-Score Driver Matrix

About Adynxx Beneish M Score

Depreciation Amortization and Accretion

2.39 Million

About Adynxx Fundamental Analysis

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