Ecoloclean Industrs Stock Beneish M Score
This module uses fundamental data of Ecoloclean Industrs to approximate the value of its Beneish M Score. Ecoloclean Industrs 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 Ecoloclean Industrs Piotroski F Score and Ecoloclean Industrs Altman Z Score analysis. For more detail on how to invest in Ecoloclean Stock please use our How to Invest in Ecoloclean Industrs guide.
The current Long Term Debt is estimated to decrease to about 1.1 M. The current Short and Long Term Debt is estimated to decrease to about 127.9 K.
Ecoloclean | Beneish M Score |
At this time, it appears that Ecoloclean Industrs is an unlikely manipulator. The earnings manipulation may begin if Ecoloclean Industrs' 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 Ecoloclean Industrs 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 Ecoloclean Industrs' 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.
-6.67
Beneish M Score - Unlikely Manipulator
Ecoloclean Industrs 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 Ecoloclean Industrs' 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 | ||||||
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| Net Receivables | 121.8 K | 116 K |
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| Total Revenue | 263.9 K | 445.8 K |
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| Total Assets | 829.3 K | 1.1 M |
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| Total Current Assets | 182.6 K | 332 K |
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| Property Plant Equipment | 370.9 K | 418.7 K |
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| Selling General Administrative | 1.6 M | 1.7 M |
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| Total Current Liabilities | 967.9 K | 1.8 M |
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| Short Term Debt | 127.9 K | 187.4 K |
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| Long Term Debt | 1.1 M | 1.5 M |
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Ecoloclean Industrs 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 Ecoloclean Industrs' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ecoloclean Industrs in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Ecoloclean Industrs' degree of accounting gimmicks and manipulations.
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About Ecoloclean Industrs 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.
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About Ecoloclean Industrs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ecoloclean Industrs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ecoloclean Industrs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ecoloclean Industrs 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.
Pair Trading with Ecoloclean Industrs
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 Ecoloclean Industrs 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 Ecoloclean Industrs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ecoloclean Industrs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecoloclean Industrs 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 Ecoloclean Industrs - 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 Ecoloclean Industrs to buy it.
The correlation of Ecoloclean Industrs is a statistical measure of how it moves in relation to other instruments. 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 Ecoloclean Industrs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecoloclean Industrs 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 Ecoloclean Industrs 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.Check out Ecoloclean Industrs Piotroski F Score and Ecoloclean Industrs Altman Z Score analysis. For more detail on how to invest in Ecoloclean Stock please use our How to Invest in Ecoloclean Industrs guide.Note that the Ecoloclean Industrs information on this page should be used as a complementary analysis to other Ecoloclean Industrs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Ecoloclean Industrs' price analysis, check to measure Ecoloclean Industrs' 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 Ecoloclean Industrs is operating at the current time. Most of Ecoloclean Industrs' value examination focuses on studying past and present price action to predict the probability of Ecoloclean Industrs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecoloclean Industrs' price. Additionally, you may evaluate how the addition of Ecoloclean Industrs to your portfolios can decrease your overall portfolio volatility.
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Is Ecoloclean Industrs' 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 Ecoloclean Industrs. If investors know Ecoloclean 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 Ecoloclean Industrs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.01 | Quarterly Revenue Growth 7.213 | Return On Assets (0.91) |
The market value of Ecoloclean Industrs is measured differently than its book value, which is the value of Ecoloclean that is recorded on the company's balance sheet. Investors also form their own opinion of Ecoloclean Industrs' value that differs from its market value or its book value, called intrinsic value, which is Ecoloclean Industrs' 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 Ecoloclean Industrs' market value can be influenced by many factors that don't directly affect Ecoloclean Industrs' 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 Ecoloclean Industrs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecoloclean Industrs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecoloclean Industrs' 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.