Innoviz Technologies Stock Beneish M Score

INVZ Stock  USD 1.34  0.01  0.75%   
This module uses fundamental data of Innoviz Technologies to approximate the value of its Beneish M Score. Innoviz 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 Innoviz Technologies Piotroski F Score and Innoviz Technologies Altman Z Score analysis.
For more information on how to buy Innoviz Stock please use our How to Invest in Innoviz Technologies guide.
  
At this time, Innoviz Technologies' Net Debt is fairly stable compared to the past year. Short Term Debt is likely to rise to about 5.3 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 19.7 M in 2024. At this time, Innoviz Technologies' Cash Conversion Cycle is fairly stable compared to the past year. Free Cash Flow Operating Cash Flow Ratio is likely to rise to 1.23 in 2024, whereas Short Term Coverage Ratios is likely to drop (24.11) in 2024.
At this time, it appears that Innoviz Technologies is an unlikely manipulator. The earnings manipulation may begin if Innoviz 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 Innoviz 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 Innoviz 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.
-3.18
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

0.87

Focus
Expense Coverage

0.75

Focus
Gross Margin Strengs

0.95

Focus
Accruals Factor

0.75

Focus
Depreciation Resistance

1.93

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

0.76

Focus

Innoviz 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 Innoviz 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 Receivables7.8 M7.4 M
Sufficiently Up
Slightly volatile
Total Assets219.6 M219.2 M
Slightly Up
Slightly volatile
Total Current Assets149.4 M160.5 M
Significantly Down
Slightly volatile
Non Current Assets Total45.4 M58.8 M
Significantly Down
Slightly volatile
Property Plant Equipment69.3 M66 M
Sufficiently Up
Slightly volatile
Depreciation And Amortization4.7 M9.2 M
Way Down
Slightly volatile
Selling General Administrative15.3 M19.5 M
Significantly Down
Slightly volatile
Total Current Liabilities26.7 M37.2 M
Way Down
Slightly volatile
Non Current Liabilities Total27.3 M28.7 M
Notably Down
Slightly volatile
Short Term Debt5.3 MM
Significantly Up
Slightly volatile
Long Term Debt1.8 MM
Moderately Down
Slightly volatile
Long Term Investments4.6 M4.8 M
Notably Down
Slightly volatile

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

About Innoviz 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 And Amortization

4.7 Million

At this time, Innoviz Technologies' Depreciation And Amortization is fairly stable compared to the past year.

Innoviz 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 Innoviz 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 Receivables1.0M2.5M513K1.8M7.4M7.8M
Total Revenue1.6M(9.4M)5.5M6.0M20.9M21.9M
Total Current Assets111.8M57.9M274.4M187.6M160.5M149.4M
Operating Income(69.5M)(82.0M)(157.7M)(133.3M)(132.6M)(139.2M)
Investments(34.7M)34.7M(277.9M)125.4M41.1M43.1M
Gross Profit Margin(0.26)1.68(0.92)(1.45)(0.56)(0.53)

About Innoviz Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Innoviz Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innoviz Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innoviz 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.
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel. Innoviz Technologies operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 404 people.

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When determining whether Innoviz Technologies is a strong investment it is important to analyze Innoviz 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 Innoviz Technologies' future performance. For an informed investment choice regarding Innoviz Stock, refer to the following important reports:
Check out Innoviz Technologies Piotroski F Score and Innoviz Technologies Altman Z Score analysis.
For more information on how to buy Innoviz Stock please use our How to Invest in Innoviz Technologies guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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Is Innoviz 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 Innoviz Technologies. If investors know Innoviz 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 Innoviz 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
(0.84)
Revenue Per Share
0.142
Quarterly Revenue Growth
8.459
Return On Assets
(0.35)
Return On Equity
(0.71)
The market value of Innoviz Technologies is measured differently than its book value, which is the value of Innoviz that is recorded on the company's balance sheet. Investors also form their own opinion of Innoviz Technologies' value that differs from its market value or its book value, called intrinsic value, which is Innoviz 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 Innoviz Technologies' market value can be influenced by many factors that don't directly affect Innoviz 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 Innoviz Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Innoviz Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innoviz 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.