Asset Vison Co (ASX:ASV) Beneish M-Score: -4.07 (As of Jul. 14, 2026)

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What is Asset Vison Co Beneish M-Score?

Asset Vison Co ASX:ASV Beneish M-Score is -4.07 as of Jul. 14, 2026. The stock has 5 warning signs investors should review. Among 2,631 Software companies, Asset Vison Co ranks better than 91.94% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -4.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Asset Vison Co's Beneish M-Score or its related term are showing as below:

ASX:ASV' s Beneish M-Score Range Over the Past 10 Years
Min: -4.25   Med: -3.03   Max: -2.01
Current: -4.07

During the past 12 years, the highest Beneish M-Score of Asset Vison Co was -2.01. The lowest was -4.25. And the median was -3.03.

Asset Vison Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Asset Vison Co's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Asset Vison Co Beneish M-Score Chart

Asset Vison Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.25 -2.63 -3.83 -3.11 -4.07

Asset Vison Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -3.11 0.00 -4.07 0.00

ASX:ASV vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Asset Vison Co's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Asset Vison Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Asset Vison Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Asset Vison Co's Beneish M-Score falls into.


Asset Vison Co Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Asset Vison Co for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.6875+0.528 * 1+0.404 * 0.8852+0.892 * 1.2289+0.115 * 0.8777
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0757+4.679 * -0.30977-0.327 * 0.9506
=-4.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was A$0.57 Mil.
Revenue was A$5.03 Mil.
Gross Profit was A$5.03 Mil.
Total Current Assets was A$2.29 Mil.
Total Assets was A$7.14 Mil.
Property, Plant and Equipment(Net PPE) was A$0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.39 Mil.
Selling, General, & Admin. Expense(SGA) was A$4.31 Mil.
Total Current Liabilities was A$1.90 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.03 Mil.
Net Income was A$-0.39 Mil.
Gross Profit was A$0.50 Mil.
Cash Flow from Operations was A$1.33 Mil.
 Total Receivables was A$0.68 Mil.
Revenue was A$4.09 Mil.
Gross Profit was A$4.09 Mil.
Total Current Assets was A$1.48 Mil.
Total Assets was A$6.68 Mil.
Property, Plant and Equipment(Net PPE) was A$0.18 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.39 Mil.
Selling, General, & Admin. Expense(SGA) was A$3.26 Mil.
Total Current Liabilities was A$1.79 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.11 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.572 / 5.025) / (0.677 / 4.089)
=0.113831 / 0.165566
=0.6875

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(4.089 / 4.089) / (5.025 / 5.025)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (2.287 + 0.106) / 7.144) / (1 - (1.484 + 0.176) / 6.675)
=0.665034 / 0.751311
=0.8852

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=5.025 / 4.089
=1.2289

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.392 / (0.392 + 0.176)) / (0.39 / (0.39 + 0.106))
=0.690141 / 0.78629
=0.8777

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(4.311 / 5.025) / (3.261 / 4.089)
=0.85791 / 0.797506
=1.0757

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.029 + 1.903) / 7.144) / ((0.112 + 1.787) / 6.675)
=0.270437 / 0.284494
=0.9506

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-0.386 - 0.498 - 1.329) / 7.144
=-0.30977

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Asset Vison Co has a M-score of -4.07 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -4.07 mean?
Asset Vison Co (ASX:ASV) has a Beneish M-Score of -4.07 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Asset Vison Co and its competitors. According to the industry distribution chart, Asset Vison Co ranks #212 out of 2631 companies in the Software industry, placing it in the top 8.1%.
Is Asset Vison Co's Beneish M-Score too high?
Asset Vison Co's current Beneish M-Score is -4.07. Based on the distribution chart, Asset Vison Co ranks #212 out of 2631 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does Asset Vison Co's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Asset Vison Co ranks #212 out of 2631 companies for Beneish M-Score. This places Asset Vison Co in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Software company?
A good Beneish M-Score depends on the Software industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Asset Vison Co and its competitors. Asset Vison Co's current Beneish M-Score is -4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Vison Co stock overvalued right now?
Based on GuruFocus' analysis, Asset Vison Co (ASX:ASV) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.04, compared to a current price of A$0.05 — trading 17.5% above its estimated fair value. The current Beneish M-Score is -4.07. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Asset Vison Co (ASX:ASV), the current Beneish M-Score is -4.07 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Asset Vison Co Business Description

Address 799 Springvale Road, Suite 4, Mulgrave, AUS, 3170
Asset Vison Co Ltd is an IT professional services provider to corporations and all levels of government in Australia. The products of the company include Enterprise Platform, CoPilot and AutoPilot. An operating segment is a component of an entity: that engages in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available.