A finished study on a fictitious company, published so you can read one before uploading anything.

Avalon Telematics Ltd

No rating
Avalon Telematics LtdTechnology · Software and IT servicesFY2020–FY2026IFRS · NZDRun 1 · 6 Sep 2026, 16:44
Rating withheld
FY2026 · Coverage 35% is below the 40% floor · risk index 0.85
Verdict: mixed
Full reportExecutive summaryData qualityData quality · 11 sections · 8 tables
AI-generated analysis · figures computed, not written AI-generated analysis of the filings uploaded for this study. It is a screening analysis of accounting quality, manipulation and fraud risk: it detects the signs; it does not prove them. It is not investment, credit, audit or legal advice, and it must not be used to make a decision about a natural person. The prose is machine-written; the figures under it are not.

Data quality

AI-generated analysis · figures computed, not written

How much of your data was read for 2026

How much of your data was read for 2026
MeasureShareWhat it means
Extraction coverage58%the share of the metric catalogue found in your documents
Analysis coverage35%the share of the weighted indicators computed from your data

With every upload listed below, analysis coverage would reach 43% to 47%: an estimate of the share of the weighted indicators these uploads would let the study compute, assuming the filing prints every listed figure for every year the analysis needs; a figure that arrives for one year only may still leave an indicator short of history.

Confidence in this study

Overall confidence: low (index 0.64).

Held at low confidence because no rating was issued for the latest fiscal year.

Grades

Study quality grade: E, the worst of the three readings below.

Grades
ReadingMeasuredGrade
Extraction coverage58% of the metric catalogueC
Analyses fully computed4 of the analysesE
Score qualitylimitedC

Reporting quality grade: V.

Grades (2)
ObservationRead from
Audit fees moved +33% against the prior year.Auditor Fees
The filings state the accounting framework they were prepared under.Accounting Standards
24 restated figures move a reported line materially.Restated comparatives
The filed figures deviate from the expected digit distribution.Digit Distribution
Every published figure passes the statement identities it takes part in.Statement identities
90% of the published figures were not confirmed by a second reading.Re-read figures

The figures behind the study

622 figures were published from your documents.

The figures behind the study
Reading confidenceFiguresShare
high55389%
low305%
medium396%

What is missing

What is missing
MetricWhere it is printedAnalyses blockedImpact
Gross ProfitIncome statement4critical
Cost of Goods SoldIncome statement3high
Long-Term InvestmentsBalance sheet, non-current assets2high
Preferred EquityBalance sheet, equity section2medium
Extraordinary ItemsIncome statement2medium
Operating IncomeIncome statement1medium
Auditor FeesNotes0low
Stock Options OutstandingNotes0low
Dividends PaidCash flow statement, financing0low
Share Price at Year EndNot printed in the filings0low

How complete each analysis is

How complete each analysis is
AnalysisIndicators computedStateWhy not complete
Cash6 of 6healthy—
Digit Distribution6 of 6healthy—
Governance6 of 6healthy—
Growth6 of 6healthy—
Accrual Quality2 of 6severely degradedmissing Gross Profit
Assets2 of 6severely degradedmissing Gross Profit
Bankruptcy Risk2 of 6severely degradedmissing Gross Profit
Business Model2 of 6severely degradedmissing Gross Profit
Credit2 of 6severely degradedmissing Gross Profit
Discretionary Accruals2 of 6severely degradedmissing Gross Profit
Financial Strength1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Income1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Interim1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Investing1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Manipulation Detection1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Margins1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Miscellaneous1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Real Activity Cost Management1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Real Activity Manipulation1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Smoothing1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Valuation1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Working Capital1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold
Working Capital Accrual Quality1 of 7severely degradedmissing Gross Profit, Cost of Goods Sold

Year by year

Year by year
YearRatingScore qualityAnalysis coverageCarried by
2026withheld (coverage below floor)limited35%Provision for Bad Debt Relative to Trade Receivables
2025withheld (coverage below floor)limited39%—
2024withheld (coverage below floor)limited31%—
2023withheld (coverage below floor)limited27%—
2022withheld (coverage below floor)limited14%—
2021withheld (coverage below floor)limited21%—
2020withheld (coverage below floor)insufficient11%—

What to upload next

What to upload next
ActionMetrics addedAnalyses unblocked
The uploaded filings do not print the Income Statement lines that carry these 6 figures64
Upload a filing whose balance sheet prints long-term investments21
Share price and market capitalisation by fiscal year are not printed in a filing and can be entered on a re-run21

Assessment

The study quality grade is E, decided by breadth rather than by reading quality. Four of the twenty-three analyses computed every indicator they read; the rest are short of income-statement lines the filings do not print. Coverage is the lever: no year reaches the floor a rating requires, and the first recommended upload targets the lines that carry the most blocked analyses.

Why these uploads

The ranking follows what each upload returns: the income-statement lines unblock four analyses between them, the balance-sheet line one, and the market figures one.

In plain terms

This study reads the accounts you uploaded for signs of window-dressing or misreporting; this assessment says how much of that reading was possible, not how well the company is run. A little over half of the figures the analysis looks for were present in the documents supplied, and about a third of the indicators could be worked out from them, which is below the level a rating requires — which is why no rating was issued in any year. The figures that were present were read accurately: almost all of them with high confidence, all matching the text they were quoted from, and all consistent with the arithmetic of the statements they sit in. So the weakness is not in the reading; it is in what was there to read. The overall grade is set by the weakest of three readings, and here that reading is how many of the individual analyses had everything they needed: only four of roughly two dozen did. Read the findings as specific observations about specific figures, not as a verdict on manipulation, which this study could not test.