Venus Concept Stock Beneish M Score

VERO Stock  USD 0.53  0  0.19%   
This module uses fundamental data of Venus Concept to approximate the value of its Beneish M Score. Venus Concept 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 Venus Concept Piotroski F Score and Venus Concept Altman Z Score analysis.
To learn how to invest in Venus Stock, please use our How to Invest in Venus Concept guide.
  
At this time, Venus Concept's Net Debt is very stable compared to the past year. As of the 28th of May 2024, Long Term Debt Total is likely to grow to about 91.2 M, while Short and Long Term Debt Total is likely to drop about 56.5 M. At this time, Venus Concept's Receivables Turnover is very stable compared to the past year.
At this time, it appears that Venus Concept is an unlikely manipulator. The earnings manipulation may begin if Venus Concept'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 Venus Concept 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 Venus Concept'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.
-3.35
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.1

Focus
Asset Quality

1.08

Focus
Expense Coverage

0.9

Focus
Gross Margin Strengs

0.63

Focus
Accruals Factor

0.9

Focus
Depreciation Resistance

1.2

Focus
Net Sales Growth

0.87

Focus
Financial Leverage Condition

0.92

Focus

Venus Concept 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 Venus Concept'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
Net Receivables29.4 M30.6 M
Sufficiently Down
Slightly volatile
Total Revenue66.7 M76.4 M
Fairly Down
Slightly volatile
Total Assets102 M93.7 M
Significantly Up
Slightly volatile
Total Current Assets70.5 M66.4 M
Notably Up
Slightly volatile
Non Current Assets Total31.5 M27.2 M
Fairly Up
Slightly volatile
Property Plant Equipment3.1 M3.1 M
Fairly Up
Slightly volatile
Depreciation And Amortization2.8 M4.1 M
Way Down
Slightly volatile
Selling General Administrative32.2 M41 M
Significantly Down
Slightly volatile
Total Current Liabilities27.4 M31.2 M
Fairly Down
Slightly volatile
Non Current Liabilities Total62.6 M75.9 M
Significantly Down
Slightly volatile
Short Term Debt5.6 M5.7 M
Sufficiently Down
Slightly volatile
Long Term Debt47.5 M80.5 M
Way Down
Slightly volatile
Long Term Investments17.5 M19.6 M
Fairly Down
Slightly volatile
Gross Profit Margin0.430.6832
Way Down
Slightly volatile

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

About Venus Concept 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

2.83 Million

At this time, Venus Concept's Depreciation And Amortization is very stable compared to the past year.

Venus Concept 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 Venus Concept. 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 Receivables59.0M52.8M46.9M37.3M30.6M29.4M
Total Revenue110.4M78.0M105.6M99.5M76.4M66.7M
Total Assets191.1M160.5M153.9M125.4M93.7M102.0M
Total Current Assets99.7M115.4M107.0M84.0M66.4M70.5M
Net Debt53.4M45.3M47.0M72.2M74.3M78.0M
Short Term Debt49K7.8M543K9.5M5.7M5.6M
Long Term Debt61.2M79.6M77.3M70.0M80.5M47.5M
Operating Income(20.3M)(40.4M)(17.5M)(34.9M)(28.3M)(29.7M)
Investments6.4M(2.4M)(552K)(336K)(128K)(121.6K)

About Venus Concept Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Venus Concept's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Venus Concept using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Venus Concept 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 Venus Concept offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Venus Concept'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 Venus Concept Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Venus Concept Stock:
Check out Venus Concept Piotroski F Score and Venus Concept Altman Z Score analysis.
To learn how to invest in Venus Stock, please use our How to Invest in Venus Concept guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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Is Venus Concept'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 Venus Concept. If investors know Venus 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 Venus Concept listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(6.84)
Revenue Per Share
14.031
Quarterly Revenue Growth
(0.25)
Return On Assets
(0.16)
Return On Equity
(4.64)
The market value of Venus Concept is measured differently than its book value, which is the value of Venus that is recorded on the company's balance sheet. Investors also form their own opinion of Venus Concept's value that differs from its market value or its book value, called intrinsic value, which is Venus Concept'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 Venus Concept's market value can be influenced by many factors that don't directly affect Venus Concept'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 Venus Concept's value and its price as these two are different measures arrived at by different means. Investors typically determine if Venus Concept is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Venus Concept'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.