Tuanche Adr Stock Beneish M Score
| TC Stock | USD 1.71 0.04 2.40% |
TuanChe | Beneish M Score |
At this time, TuanChe ADR's M Score is unavailable. The earnings manipulation may begin if TuanChe ADR'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 TuanChe ADR 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 TuanChe ADR'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.
-3.73
Beneish M Score - Unavailable
TuanChe ADR 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 TuanChe ADR'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 Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Net Receivables | 45.9 M | 28.9 M |
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| Total Revenue | 272.7 M | 162.4 M |
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| Total Assets | 113.4 M | 119.3 M |
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| Total Current Assets | 58.9 M | 62 M |
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| Non Current Assets Total | 68.4 M | 57.4 M |
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| Property Plant Equipment | 6.9 M | 11.7 M |
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| Selling General Administrative | 71.7 M | 44.7 M |
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| Total Current Liabilities | 106.5 M | 86.8 M |
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| Short Term Debt | 29.8 M | 15.7 M |
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| Long Term Debt | 1.8 M | 1.4 M |
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| Long Term Investments | 6 M | 6.2 M |
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| Gross Profit Margin | 0.78 | 0.5754 |
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TuanChe 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 TuanChe ADR's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards TuanChe ADR in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find TuanChe ADR's degree of accounting gimmicks and manipulations.
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About TuanChe ADR 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.
Current Deferred Revenue |
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TuanChe ADR 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 TuanChe ADR. 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.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Receivables | 72.4M | 66.1M | 48.0M | 35.9M | 28.9M | 45.9M | |
| Total Revenue | 644.8M | 330.2M | 357.6M | 183.2M | 162.4M | 272.7M | |
| Total Assets | 567.2M | 474.4M | 353.1M | 235.3M | 119.3M | 113.4M | |
| Total Current Assets | 531.4M | 311.4M | 205.7M | 173.7M | 62.0M | 58.9M | |
| Net Debt | (193.9M) | (100.0M) | (52.4M) | (52.5M) | 15.2M | 16.0M | |
| Short Term Debt | 90.5M | 5.9M | 9.6M | 8.4M | 15.7M | 29.8M | |
| Operating Income | (261.0M) | (171.3M) | (110.8M) | (91.2M) | (119.5M) | (125.5M) | |
| Investments | (187.5M) | 38.4M | 47.9M | (212K) | (243.8K) | (256.0K) | |
| Gross Profit Margin | 0.71 | 0.73 | 0.76 | 0.66 | 0.58 | 0.78 |
About TuanChe ADR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TuanChe ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TuanChe ADR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TuanChe 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.
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When determining whether TuanChe ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TuanChe ADR's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tuanche Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tuanche Adr Stock:Check out TuanChe ADR Piotroski F Score and TuanChe ADR Altman Z Score analysis. For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.Note that the TuanChe ADR information on this page should be used as a complementary analysis to other TuanChe ADR'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 the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for TuanChe Stock analysis
When running TuanChe ADR's price analysis, check to measure TuanChe ADR's 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 TuanChe ADR is operating at the current time. Most of TuanChe ADR's value examination focuses on studying past and present price action to predict the probability of TuanChe ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TuanChe ADR's price. Additionally, you may evaluate how the addition of TuanChe ADR to your portfolios can decrease your overall portfolio volatility.
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Is TuanChe ADR's 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 TuanChe ADR. If investors know TuanChe 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 TuanChe ADR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.63) | Revenue Per Share 95.791 | Quarterly Revenue Growth (0.25) | Return On Assets (0.42) | Return On Equity (1.48) |
The market value of TuanChe ADR is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe ADR's value that differs from its market value or its book value, called intrinsic value, which is TuanChe ADR'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 TuanChe ADR's market value can be influenced by many factors that don't directly affect TuanChe ADR's 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 TuanChe ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if TuanChe ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe ADR'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.