wrkr (ASX:WRK) Beneish M-Score: -1.72 (As of Jun. 26, 2026)


What is wrkr Beneish M-Score?

wrkr ASX:WRK +2.25% Beneish M-Score is -1.72 as of Jun. 26, 2026. The stock has 3 warning signs investors should review. Among 2,634 Software companies, wrkr ranks worse than 81.97% 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.

Warning Sign:

Beneish M-Score -1.72 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ASX:WRK' s Beneish M-Score Range Over the Past 10 Years
Min: -6.65   Med: -3.8   Max: -1.24
Current: -1.72

During the past 9 years, the highest Beneish M-Score of wrkr was -1.24. The lowest was -6.65. And the median was -3.80.

wrkr Beneish M-Score Historical Data

* Premium members only.

The historical data trend for wrkr'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.

wrkr Beneish M-Score Chart

wrkr Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.24 -2.81 -3.80 -4.46 -1.72

wrkr Semi-Annual Data
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 0.00 -4.46 0.00 -1.72 0.00

ASX:WRK vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, wrkr'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.

wrkr Beneish M-Score vs Software Industry

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

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


wrkr 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 wrkr 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 * 2.0437+0.528 * 1+0.404 * 0.8386+0.892 * 1.0672+0.115 * 0.9855
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1074+4.679 * -0.043839-0.327 * 0.8967
=-1.72

* 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$1.12 Mil.
Revenue was A$7.98 Mil.
Gross Profit was A$7.98 Mil.
Total Current Assets was A$57.50 Mil.
Total Assets was A$70.92 Mil.
Property, Plant and Equipment(Net PPE) was A$0.17 Mil.
Depreciation, Depletion and Amortization(DDA) was A$2.68 Mil.
Selling, General, & Admin. Expense(SGA) was A$7.16 Mil.
Total Current Liabilities was A$53.00 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Net Income was A$-2.62 Mil.
Gross Profit was A$0.11 Mil.
Cash Flow from Operations was A$0.38 Mil.
 Total Receivables was A$0.51 Mil.
Revenue was A$7.48 Mil.
Gross Profit was A$7.48 Mil.
Total Current Assets was A$42.65 Mil.
Total Assets was A$55.15 Mil.
Property, Plant and Equipment(Net PPE) was A$0.22 Mil.
Depreciation, Depletion and Amortization(DDA) was A$2.78 Mil.
Selling, General, & Admin. Expense(SGA) was A$6.06 Mil.
Total Current Liabilities was A$45.95 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.02 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)
=(1.121 / 7.977) / (0.514 / 7.475)
=0.140529 / 0.068763
=2.0437

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)
=(7.475 / 7.475) / (7.977 / 7.977)
=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 - (57.5 + 0.166) / 70.918) / (1 - (42.647 + 0.216) / 55.153)
=0.186864 / 0.222835
=0.8386

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
=7.977 / 7.475
=1.0672

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))
=(2.782 / (2.782 + 0.216)) / (2.677 / (2.677 + 0.166))
=0.927952 / 0.941611
=0.9855

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)
=(7.158 / 7.977) / (6.057 / 7.475)
=0.89733 / 0.810301
=1.1074

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 + 52.996) / 70.918) / ((0.018 + 45.945) / 55.153)
=0.747286 / 0.833373
=0.8967

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
=(-2.624 - 0.11 - 0.375) / 70.918
=-0.043839

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.

wrkr has a M-score of -1.72 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.72 mean?
wrkr (ASX:WRK) has a Beneish M-Score of -1.72 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on wrkr and its competitors. According to the industry distribution chart, wrkr ranks #2159 out of 2634 companies in the Software industry, placing it in the top 82%.
Is wrkr's Beneish M-Score too high?
wrkr's current Beneish M-Score is -1.72. Based on the distribution chart, wrkr ranks #2159 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers.
How does wrkr's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, wrkr ranks #2159 out of 2634 companies for Beneish M-Score. This places wrkr in the lower half of its industry. 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 wrkr and its competitors. wrkr's current Beneish M-Score is -1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is wrkr stock overvalued right now?
Based on GuruFocus' analysis, wrkr (ASX:WRK) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.04, compared to a current price of A$0.09 — trading 127.5% above its estimated fair value. The current Beneish M-Score is -1.72. 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 wrkr (ASX:WRK), the current Beneish M-Score is -1.72 as of Jun. 26, 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.

wrkr Business Description

Address 104-112 Commonwealth Street, Suite 1, Level 3, Surry Hills, Sydney, NSW, AUS, 2010
wrkr Ltd, formerly Integrated Payment Technologies Ltd develops technology to facilitate the secure storage and transmission of data concerning payments. Its services include ClickSuper Service, Payment Adviser Service, and Bill Exchange Service. The company's only operating segment is engaged in the provision of services that enable its customers to meet their regulatory compliance across the hire-to-retire life cycle. It does that by facilitating the transfer of data and payments between regulated authorities and participants of the ecosystem (HR/payrolls, Accountants, Banks, APRA, SMSF Funds, and federal departments like the ATO). It operates in the one geographical segment of Australia.