Alpha and Omega Semiconductor L — Earnings Quality Grade F
AOSL · Technology
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO increased by 11 days
AR growth 177.2% exceeds revenue growth 5.9%
Revenue 5.9%, CFFO 15.4%. Cash follows revenue
Expense Quality
Inventory -3.1% vs COGS 10.3%. Normal
CapEx growth 0.2% vs revenue 5.9%. Normal
SG&A/Gross Profit = 59.1%. Normal
Gross margin 23.1%, change -3.0pp. Stable
Cash Flow Quality
CFFO/NI = -0.31. Below 1.0
FCF is negative ($-0.0B)
Accruals ratio = -12.2%. Low accruals
Cash $0.2B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 0% of equity. Manageable
Interest coverage = -10.8x (<2x). Financial stress
Other assets grew 63.0% vs revenue 5.9%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -92% YoY. Normal
Manipulation Score
M-Score = -1.54 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25