Royce Micro Cap Fund Beneish M Score

RYOTX Fund  USD 11.07  0.16  1.47%   
This module uses fundamental data of Royce Micro to approximate the value of its Beneish M Score. Royce Micro 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Micro Cap Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
  
At this time, Royce Micro's M Score is inapplicable. The earnings manipulation may begin if Royce Micro'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 Royce Micro 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 Royce Micro'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.
-4.84
Beneish M Score - Inapplicable
Elasticity of Receivables

N/A

Focus
Asset Quality

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Expense Coverage

N/A

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Gross Margin Strengs

N/A

Focus
Accruals Factor

N/A

Focus
Depreciation Resistance

N/A

Focus
Net Sales Growth

N/A

Focus
Financial Leverage Condition

N/A

Focus

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About Royce Micro Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Royce Micro Cap Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Royce Micro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Royce Micro Cap Fund based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Micro Cap Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Please note, there is a significant difference between Royce Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royce Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royce Micro'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.