Akoustis Technologies Stock Beneish M Score

AKTS Stock  USD 0.58  0.01  1.69%   
This module uses fundamental data of Akoustis Technologies to approximate the value of its Beneish M Score. Akoustis 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 Akoustis Technologies Piotroski F Score and Akoustis Technologies Altman Z Score analysis.
For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.
At this time, Akoustis Technologies' Issuance Repayment of Debt Securities is comparatively stable as compared to the past year. Long Term Debt to Equity is likely to gain to 0.62 in 2023, whereas Total Debt is likely to drop slightly above 23.9 M in 2023. At this time, Akoustis Technologies' Asset Turnover is comparatively stable as compared to the past year. . Current Ratio is likely to gain to 18.17 in 2023, whereas Accounts Payable Turnover is likely to drop 5.68 in 2023.
At this time, it appears that Akoustis Technologies is an unlikely manipulator. The earnings manipulation may begin if Akoustis 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 Akoustis 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 Akoustis 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.
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.0Focus
Asset QualityN/AFocus
Expense Coverage0.49Focus
Gross Margin Strengs1.04Focus
Accruals Factor0.49Focus
Depreciation Resistance1.0Focus
Net Sales Growth1.08Focus
Financial Leverage Condition1.0Focus

Akoustis 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 Akoustis 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
Selling General and Administrative Expense15.7 M29.7 M
Way Down
Slightly volatile
Revenues29.3 M27.1 M
Significantly Up
Slightly volatile
Trade and Non Trade Receivables5.1 M4.8 M
Significantly Up
Slightly volatile
Property Plant and Equipment Net63.9 M59.2 M
Significantly Up
Slightly volatile
Liabilities Non Current48.7 M45.1 M
Significantly Up
Slightly volatile
Current Liabilities9.2 M17.6 M
Way Down
Slightly volatile
Total Liabilities33 M62.7 M
Way Down
Slightly volatile
Gross Margin(0.12)(0.115)
Sufficiently Down
Slightly volatile
Depreciation Amortization and Accretion12.6 M11.7 M
Significantly Up
Slightly volatile
Debt Non Current37.5 M45 M
Significantly Down
Slightly volatile
Debt Current231.2 K439 K
Way Down
Slightly volatile
Total Debt23.9 M45.4 M
Way Down
Slightly volatile
Assets Non Current96.1 M89.1 M
Significantly Up
Slightly volatile
Current Assets31.5 M59.8 M
Way Down
Slightly volatile
Total Assets78.4 M148.9 M
Way Down
Slightly volatile

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

About Akoustis 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.

Depreciation Amortization and Accretion

12.57 Million

At this time, Akoustis Technologies' Depreciation Amortization and Accretion is comparatively stable as compared to the past year.

Akoustis 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 Akoustis 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.
201820192020202120222023 (projected)
Total Assets47.9M71.4M125.0M161.3M148.9M78.4M
Current Assets31.7M46.2M93.2M91.7M59.8M31.5M
Assets Non Current16.2M25.2M31.8M69.6M89.1M96.1M
Total Liabilities22.0M29.9M7.6M57.9M62.7M33.0M
Current Liabilities3.7M6.1M7.3M12.7M17.6M9.2M
Total Debt18.2M23.9M472K44.9M45.4M23.9M
Debt Non Current18.2M23.7M202K44.5M45.0M37.5M
Operating Income(27.6M)(32.0M)(41.4M)(60.6M)(66.1M)(34.8M)
Gross Margin0.3(0.35)(0.61)(0.27)(0.11)(0.12)

About Akoustis Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Akoustis Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akoustis Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akoustis 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.
Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., designs, develops, manufactures, and sells radio frequency filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. Akoustis Technologies, Inc. is headquartered in Huntersville, North Carolina. Akoustis Technologies operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 205 people.

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Our tools can tell you how much better you can do entering a position in Akoustis Technologies 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 Akoustis Technologies

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 Akoustis Technologies 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 Akoustis Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Akoustis Stock

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The ability to find closely correlated positions to Akoustis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akoustis Technologies 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 Akoustis Technologies - 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 Akoustis Technologies to buy it.
The correlation of Akoustis Technologies 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 Akoustis Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akoustis Technologies 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 Akoustis Technologies 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 CorrelationCorrelation Matching
When determining whether Akoustis Technologies is a strong investment it is important to analyze Akoustis Technologies' 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 Akoustis Technologies' future performance. For an informed investment choice regarding Akoustis Stock, refer to the following important reports:
Check out Akoustis Technologies Piotroski F Score and Akoustis Technologies Altman Z Score analysis.
For more information on how to buy Akoustis Stock please use our How to Invest in Akoustis Technologies guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Akoustis Technologies' price analysis, check to measure Akoustis 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 Akoustis Technologies is operating at the current time. Most of Akoustis Technologies' value examination focuses on studying past and present price action to predict the probability of Akoustis Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akoustis Technologies' price. Additionally, you may evaluate how the addition of Akoustis Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Akoustis Technologies' 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 Akoustis Technologies. If investors know Akoustis 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 Akoustis Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
Return On Equity
The market value of Akoustis Technologies is measured differently than its book value, which is the value of Akoustis that is recorded on the company's balance sheet. Investors also form their own opinion of Akoustis Technologies' value that differs from its market value or its book value, called intrinsic value, which is Akoustis Technologies' 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 Akoustis Technologies' market value can be influenced by many factors that don't directly affect Akoustis Technologies' 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 Akoustis Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Akoustis Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akoustis Technologies' 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.