Beijing KMT Technology Co (BJSE:920189) Beneish M-Score: 0.00 (As of Aug. 30, 2026)

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BJSE:920189 Beijing KMT Technology Co Ltd BJSE:920189
45 GF Score
Price ¥21.52
! 2 Warning Signs
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What is Beijing KMT Technology Co Beneish M-Score?

Beijing KMT Technology Co BJSE:920189 45 Beneish M-Score is 0.00 as of Aug. 30, 2026. GuruFocus rates BJSE:920189 with a GF Score™ of 45/100. The stock has 2 warning signs investors should review. Among 1,538 Chemicals companies, Beijing KMT Technology Co ranks worse than 65019.44% 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.

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

During the past 12 years, the highest Beneish M-Score of Beijing KMT Technology Co was 0.00. The lowest was 0.00. And the median was 0.00.


Beijing KMT Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Beijing KMT Technology 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.

Beijing KMT Technology Co Beneish M-Score Chart

Beijing KMT Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Beijing KMT Technology Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Dec21 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00

BJSE:920189 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Beijing KMT Technology 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.


Beijing KMT Technology Co Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Beijing KMT Technology Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Beijing KMT Technology Co's Beneish M-Score falls into.


BJSE:920189
45GF Score
Beijing KMT Technology Co Ltd BJSE:920189
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Beijing KMT Technology 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 Beijing KMT Technology 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 * 0.9488+0.528 * 0.9235+0.404 * 1.058+0.892 * 1.1456+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.2401+4.679 * 0.059114-0.327 * 0.6468
=-1.89

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ¥217.7 Mil.
Revenue was 164.326 + 114.431 + 116.27 + 124.241 = ¥519.3 Mil.
Gross Profit was 0.129 + 114.431 + 49.324 + 54.198 = ¥218.1 Mil.
Total Current Assets was ¥385.7 Mil.
Total Assets was ¥727.3 Mil.
Property, Plant and Equipment(Net PPE) was ¥274.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0.0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥8.1 Mil.
Total Current Liabilities was ¥68.0 Mil.
Long-Term Debt & Capital Lease Obligation was ¥14.4 Mil.
Net Income was 27.821 + 21.606 + 22.579 + 27.262 = ¥99.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0.0 Mil.
Cash Flow from Operations was 12.141 + -5.242 + 30.774 + 18.599 = ¥56.3 Mil.
Total Receivables was ¥200.3 Mil.
Revenue was 129.072 + 99.737 + 111.459 + 113.009 = ¥453.3 Mil.
Gross Profit was -11.961 + 99.737 + 46.741 + 41.285 = ¥175.8 Mil.
Total Current Assets was ¥334.1 Mil.
Total Assets was ¥655.2 Mil.
Property, Plant and Equipment(Net PPE) was ¥264.1 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0.0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥29.5 Mil.
Total Current Liabilities was ¥90.4 Mil.
Long-Term Debt & Capital Lease Obligation was ¥24.5 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)
=(217.686 / 519.268) / (200.275 / 453.277)
=0.419217 / 0.441838
=0.9488

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)
=(175.802 / 453.277) / (218.082 / 519.268)
=0.387847 / 0.41998
=0.9235

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 - (385.665 + 274.754) / 727.344) / (1 - (334.119 + 264.107) / 655.209)
=0.092013 / 0.086969
=1.058

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
=519.268 / 453.277
=1.1456

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 / (0 + 264.107)) / (0 / (0 + 274.754))
=0 / 0
=1

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)
=(8.102 / 519.268) / (29.453 / 453.277)
=0.015603 / 0.064978
=0.2401

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)
=((14.412 + 68.043) / 727.344) / ((24.46 + 90.382) / 655.209)
=0.113365 / 0.175275
=0.6468

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
=(99.268 - 0 - 56.272) / 727.344
=0.059114

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.

Beijing KMT Technology Co has a M-score of -1.89 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 0.00 mean?
Beijing KMT Technology Co (BJSE:920189) has a Beneish M-Score of 0.00 as of Aug. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beijing KMT Technology Co and its competitors. According to the industry distribution chart, Beijing KMT Technology Co ranks #999999 out of 1538 companies in the Chemicals industry.
Is Beijing KMT Technology Co's Beneish M-Score too high?
Beijing KMT Technology Co's current Beneish M-Score is 0.00. Based on the distribution chart, Beijing KMT Technology Co ranks #999999 out of 1538 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Beijing KMT Technology Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Beijing KMT Technology Co's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Beijing KMT Technology Co ranks #999999 out of 1538 companies for Beneish M-Score. This places Beijing KMT Technology Co 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Beijing KMT Technology Co and its competitors. Beijing KMT Technology Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing KMT Technology Co stock overvalued right now?
Beijing KMT Technology Co (BJSE:920189) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Beijing KMT Technology Co's overall GF Score™ is 45/100 with 2 warning signs to review. 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 Beijing KMT Technology Co (BJSE:920189), the current Beneish M-Score is 0.00 as of Aug. 30, 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.

Beijing KMT Technology Co Business Description

Address No. 9 Yongteng North Road, Room 101, 1st Floor, Building 7, Haidian District, Beijing, CHN, 100094
Beijing KMT Technology Co Ltd is engaged in the research, development, production and sales of new polymer materials such as electronic packaging materials and high-performance modified plastics. The company's main business includes the production and sale of electrolytic manganese dioxide and new energy battery materials, centralized treatment of urban sewage, and industrial trade. Its products are divided into five main categories: carbon-zinc battery grade, mercury-free alkaline manganese battery grade, primary lithium manganese battery grade, lithium manganese oxide battery grade, and high-performance battery grade. These products are exported to various countries and regions including Southeast Asia, South Asia, and South America.
45GF Score

Get the complete analysis for BJSE:920189

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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