51Job Beneish M Score

JOBS -  USA Stock  

USD 70.83  0.78  1.11%

This module uses fundamental data of 51Job Inc to approximate the value of its Beneish M Score. 51Job Inc 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. Please see 51Job Inc Piotroski F Score and 51Job Inc Altman Z Score analysis.

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51Job Inc Total Debt is relatively stable at the moment as compared to the past year. 51Job Inc reported last year Total Debt of 79.9 Million. As of 09/21/2021, Debt Current is likely to grow to about 35.9 M, while Issuance Repayment of Debt Securities is likely to drop (4.6 K). 51Job Inc Return on Average Assets are relatively stable at the moment as compared to the past year. 51Job Inc reported last year Return on Average Assets of 0.07. As of 09/21/2021, Return on Average Equity is likely to grow to 0.11, while Current Ratio is likely to drop 3.95.
At this time, it appears that 51Job Inc ADR is an unlikely manipulator. The earnings manipulation may begin if 51Job Inc'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 51Job Inc 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 51Job Inc'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.
-2.35
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables
1.2
Asset Quality
1.61
Expense Coverage
0.99
Gross Margin Strengs
0.99
Accruals Factor
0.99
Depreciation Resistance
1.18
Net Sales Growth
0.9
Financial Leverage Condition
1.16

51Job Inc 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 51Job Inc'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 ValueLast YearChange From Last Year 10 Year Trend
Revenues3.3 B3.7 B
Moderately Down
Increasing
Slightly volatile
Selling General and Administrative Expense1.4 B1.6 B
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1.3 B1.4 B
Notably Down
Increasing
Slightly volatile
Depreciation Amortization and Accretion109.9 M137 M
Significantly Down
Increasing
Slightly volatile
Total Assets12.7 B15.7 B
Significantly Down
Increasing
Slightly volatile
Investments10.5 B9.8 B
Significantly Up
Increasing
Slightly volatile
Investments Current6.2 B7.5 B
Significantly Down
Increasing
Slightly volatile
Investments Non Current2.5 B2.3 B
Significantly Up
Increasing
Slightly volatile
Property Plant and Equipment Net568.9 M581 M
Fairly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables313.4 M290.5 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities2.9 B3.1 B
Significantly Down
Increasing
Slightly volatile
Current Assets9.7 B11.5 B
Fairly Down
Increasing
Slightly volatile
Assets Non Current4.5 B4.1 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities2.5 B2.8 B
Fairly Down
Increasing
Slightly volatile
Liabilities Non Current403 M277 M
Way Up
Increasing
Stable
Total Debt82 M79.9 M
Fairly Up
Decreasing
Slightly volatile
Debt Current35.9 M35 M
Fairly Up
Decreasing
Slightly volatile
Debt Non Current46.1 M44.9 M
Fairly Up
Decreasing
Slightly volatile
Operating Income850.3 M867.1 M
Fairly Down
Increasing
Slightly volatile
Gross Margin0.650.658
Fairly Down
Decreasing
Slightly volatile

51Job Inc ADR 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 51Job Inc's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards 51Job Inc in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find 51Job Inc's degree of accounting gimmicks and manipulations.

About 51Job Inc 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

109.93 MillionShare
51Job Inc Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. 51Job Inc reported last year Depreciation Amortization and Accretion of 137.01 Million

51Job Inc 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 51Job Inc. 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.
201620172018201920202021 (projected)
Revenues2.34 B2.88 B3.78 B4 B3.69 B3.31 B
Total Assets7.74 B10.02 B12.24 B14.29 B15.68 B12.66 B
Current Assets6.72 B7.88 B9.68 B10.94 B11.55 B9.65 B
Assets Non Current1.02 B2.15 B2.56 B3.35 B4.13 B4.45 B
Total Liabilities2.76 B3.83 B4.42 B3.1 B3.09 B2.87 B
Current Liabilities2.7 B2.04 B4.21 B2.83 B2.81 B2.47 B
Total Debt1.26 B1.67 B1.73 B85.58 M79.9 M82 M
Operating Income611.84 M870.76 M1.15 B1.21 B867.11 M850.3 M
Investments4.35 B5.27 B7.59 B9.13 B9.76 B10.54 B
Investments Current4.16 B4.84 B6.87 B7.65 B7.47 B6.22 B

About 51Job Inc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze 51Job Inc ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 51Job Inc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 51Job Inc ADR 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.
51job, Inc., through its subsidiaries, provides integrated human resource services in the Peoples Republic of China. It offers its services through sales offices, and a national sales and customer service call center in Wuhan. 51job, Inc. was founded in 1998 and is headquartered in Shanghai, the Peoples Republic of China. 51Job Inc operates under Staffing Employment Services classification in the United States and is traded on NASDAQ Exchange. It employs 8431 people.

51Job Inc Investors Sentiment

The influence of 51Job Inc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 51Job. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - JOBS

51Job Inc ADR Investor Sentiment

Most of Macroaxis users are currently bullish on 51Job Inc ADR. What is your sentiment towards investing in 51Job Inc ADR? Are you bullish or bearish?
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2% Bearish
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Please see 51Job Inc Piotroski F Score and 51Job Inc Altman Z Score analysis. Note that the 51Job Inc ADR information on this page should be used as a complementary analysis to other 51Job Inc's 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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The market value of 51Job Inc ADR is measured differently than its book value, which is the value of 51Job that is recorded on the company's balance sheet. Investors also form their own opinion of 51Job Inc's value that differs from its market value or its book value, called intrinsic value, which is 51Job Inc's 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 51Job Inc's market value can be influenced by many factors that don't directly affect 51Job Inc ADR underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 51Job Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine 51Job Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 51Job Inc's 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.