Nextplay Technologies Stock Beneish M Score

NXTP Stock  USD 0.66  0.02  2.94%   
This module uses fundamental data of Nextplay Technologies to approximate the value of its Beneish M Score. Nextplay 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 Nextplay Technologies Piotroski F Score and Nextplay Technologies Altman Z Score analysis.
To learn how to invest in Nextplay Stock, please use our How to Invest in Nextplay Technologies guide.
  
At this time, Nextplay Technologies' Net Debt is relatively stable compared to the past year. As of 03/28/2024, Short and Long Term Debt Total is likely to grow to about 4.1 M, while Debt Ratio is likely to drop 0.30. At this time, Nextplay Technologies' Net Income Per E B T is relatively stable compared to the past year. As of 03/28/2024, Free Cash Flow Operating Cash Flow Ratio is likely to grow to 1.11, while Price To Sales Ratio is likely to drop 41.47.
At this time, it appears that Nextplay Technologies is an unlikely manipulator. The earnings manipulation may begin if Nextplay 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 Nextplay 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 Nextplay 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.
-3.25
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

0.7

Focus
Expense Coverage

1.49

Focus
Gross Margin Strengs

0.95

Focus
Accruals Factor

1.49

Focus
Depreciation Resistance

1.1

Focus
Net Sales Growth

0.95

Focus
Financial Leverage Condition

1.46

Focus

Nextplay 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 Nextplay 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 Receivables41 K43.1 K
Notably Down
Slightly volatile
Total Revenue482.6 K508 K
Notably Down
Pretty Stable
Total Assets12.9 M11.8 M
Significantly Up
Slightly volatile
Total Current Assets3.3 M1.8 M
Way Up
Slightly volatile
Non Current Assets Total10.9 M10 M
Significantly Up
Slightly volatile
Property Plant Equipment5.5 M5.2 M
Sufficiently Up
Slightly volatile
Selling General Administrative5.7 MM
Significantly Up
Very volatile
Total Current Liabilities8.3 M4.7 M
Way Up
Very volatile
Short Term Debt4.7 M3.3 M
Way Up
Pretty Stable
Long Term Debt989.7 K1.1 M
Fairly Down
Slightly volatile
Short Term Investments926.1 K882 K
Sufficiently Up
Slightly volatile
Long Term InvestmentsM1.7 M
Way Up
Slightly volatile

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

About Nextplay 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

320,981

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

About Nextplay Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nextplay Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextplay Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextplay 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.
NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company was incorporated in 2005 and is based in Sunrise, Florida. Nextplay Technologies operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 250 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nextplay Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nextplay Technologies' short interest history, or implied volatility extrapolated from Nextplay Technologies options trading.

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When determining whether Nextplay Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nextplay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nextplay Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Nextplay Technologies Stock:
Check out Nextplay Technologies Piotroski F Score and Nextplay Technologies Altman Z Score analysis.
To learn how to invest in Nextplay Stock, please use our How to Invest in Nextplay Technologies guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Nextplay Stock analysis

When running Nextplay Technologies' price analysis, check to measure Nextplay 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 Nextplay Technologies is operating at the current time. Most of Nextplay Technologies' value examination focuses on studying past and present price action to predict the probability of Nextplay Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextplay Technologies' price. Additionally, you may evaluate how the addition of Nextplay Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Nextplay 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 Nextplay Technologies. If investors know Nextplay 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 Nextplay 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
(7.05)
Revenue Per Share
1.636
Quarterly Revenue Growth
0.495
Return On Assets
(0.13)
Return On Equity
(0.56)
The market value of Nextplay Technologies is measured differently than its book value, which is the value of Nextplay that is recorded on the company's balance sheet. Investors also form their own opinion of Nextplay Technologies' value that differs from its market value or its book value, called intrinsic value, which is Nextplay 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 Nextplay Technologies' market value can be influenced by many factors that don't directly affect Nextplay 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 Nextplay Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextplay Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextplay 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.