Nanjing Innovative Data Technologies Co (BJSE:920305) Beneish M-Score: -5.64 (As of Jun. 27, 2026)

What is Nanjing Innovative Data Technologies Co Beneish M-Score?

Nanjing Innovative Data Technologies Co BJSE:920305 32 Beneish M-Score is -5.64 as of Jun. 27, 2026. GuruFocus rates BJSE:920305 with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 2,404 Hardware companies, Nanjing Innovative Data Technologies Co ranks better than 98.29% 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 -5.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Nanjing Innovative Data Technologies Co's Beneish M-Score or its related term are showing as below:

BJSE:920305' s Beneish M-Score Range Over the Past 10 Years
Min: -26.49 Med: -1.5 Max: 25.06
Current: -5.64

During the past 13 years, the highest Beneish M-Score of Nanjing Innovative Data Technologies Co was 25.06. The lowest was -26.49. And the median was -1.50.

Nanjing Innovative Data Technologies Co Beneish M-Score Related Terms

Nanjing Innovative Data Technologies Co Beneish M-Score Historical Data

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The historical data trend for Nanjing Innovative Data Technologies 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.

Nanjing Innovative Data Technologies Co Beneish M-Score Chart

Nanjing Innovative Data Technologies Co Annual Data

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Beneish M-Score

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-0.86

-1.41

-26.49

1.04

-5.63

Nanjing Innovative Data Technologies Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															25.06	0.00	0.00	-5.63	-5.64

BJSE:920305 vs DELL, SNDK, ANET: Beneish M-Score Comparison

For the Computer Hardware subindustry, Nanjing Innovative Data Technologies 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.

Nanjing Innovative Data Technologies Co Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Nanjing Innovative Data Technologies Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Nanjing Innovative Data Technologies Co's Beneish M-Score falls into.

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Nanjing Innovative Data Technologies Co Ltd BJSE:920305

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Nanjing Innovative Data Technologies 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 Nanjing Innovative Data Technologies Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.5609

0.528 * -3.6508

0.404 * 0.8015

0.892 * 1.5576

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6612

4.679 * -0.164689

0.327 * 1.0165

-5.64

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ¥515.20 Mil.
Revenue was 3.081 + 2.145 + 13.88 + 6.117 = ¥25.22 Mil.
Gross Profit was 0.793 + -7.324 + 1.081 + 1.836 = ¥-3.61 Mil.
Total Current Assets was ¥627.65 Mil.
Total Assets was ¥693.43 Mil.
Property, Plant and Equipment(Net PPE) was ¥28.48 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ¥6.50 Mil.
Total Current Liabilities was ¥198.06 Mil.
Long-Term Debt & Capital Lease Obligation was ¥15.75 Mil.
Net Income was -5.614 + -114.946 + -10.282 + -13.778 = ¥-144.62 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0.00 Mil.
Cash Flow from Operations was 0.389 + 9.43 + -13.478 + -26.76 = ¥-30.42 Mil.

Total Receivables was ¥589.74 Mil.
Revenue was 8.833 + -102.961 + 31 + 79.322 = ¥16.19 Mil.
Gross Profit was 1.126 + -18.544 + 10.28 + 15.609 = ¥8.47 Mil.
Total Current Assets was ¥775.12 Mil.
Total Assets was ¥897.08 Mil.
Property, Plant and Equipment(Net PPE) was ¥61.76 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ¥6.32 Mil.
Total Current Liabilities was ¥268.89 Mil.
Long-Term Debt & Capital Lease Obligation was ¥3.24 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)
	=	(515.196 / 25.223)	/	(589.741 / 16.194)
	=	20.425643	/	36.417253
	=	0.5609

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)
	=	(8.471 / 16.194)	/	(-3.614 / 25.223)
	=	0.523095	/	-0.143282
	=	-3.6508

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 - (627.651 + 28.483) / 693.433)	/	(1 - (775.118 + 61.756) / 897.076)
	=	0.053789	/	0.067109
	=	0.8015

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
	=	25.223	/	16.194
	=	1.5576

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 + 61.756))	/	(0 / (0 + 28.483))
	=	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)
	=	(6.504 / 25.223)	/	(6.315 / 16.194)
	=	0.25786	/	0.389959
	=	0.6612

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)
	=	((15.753 + 198.06) / 693.433)	/	((3.238 + 268.886) / 897.076)
	=	0.30834	/	0.303346
	=	1.0165

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
	=	(-144.62 - 0	-	-30.419)	/	693.433
	=	-0.164689

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.

Nanjing Innovative Data Technologies Co has a M-score of -5.64 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 -5.64 mean?

Nanjing Innovative Data Technologies Co (BJSE:920305) has a Beneish M-Score of -5.64 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nanjing Innovative Data Technologies Co and its competitors. According to the industry distribution chart, Nanjing Innovative Data Technologies Co ranks #41 out of 2404 companies in the Hardware industry, placing it in the top 1.7%.

Is Nanjing Innovative Data Technologies Co's Beneish M-Score too high?

Nanjing Innovative Data Technologies Co's current Beneish M-Score is -5.64. Based on the distribution chart, Nanjing Innovative Data Technologies Co ranks #41 out of 2404 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nanjing Innovative Data Technologies Co has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.

How does Nanjing Innovative Data Technologies Co's Beneish M-Score compare to DELL and SNDK?

According to the Hardware industry distribution chart, Nanjing Innovative Data Technologies Co ranks #41 out of 2404 companies for Beneish M-Score. This places Nanjing Innovative Data Technologies Co in the top 2% 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 Nanjing Innovative Data Technologies Co and its competitors. Nanjing Innovative Data Technologies Co's current Beneish M-Score is -5.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nanjing Innovative Data Technologies Co stock overvalued right now?

Nanjing Innovative Data Technologies Co (BJSE:920305) has a current Beneish M-Score of -5.64. The current Beneish M-Score is -5.64. Nanjing Innovative Data Technologies Co's overall GF Score™ is 32/100 with 5 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 Nanjing Innovative Data Technologies Co (BJSE:920305), the current Beneish M-Score is -5.64 as of Jun. 27, 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.

Nanjing Innovative Data Technologies Co Business Description

Industry Technology Hardware

Comparable Companies BJSE:920090 SZSE:300645 BJSE:920190 BJSE:920036 DELL SNDK ANET STX WDC SHSE:688041 SHSE:688795 TPE:2382 SZSE:002415 HKSE:00992 SZSE:301308 TPE:6669 SMCI IONQ P HPQ

Address No. 6 Yongzhi Road, Building A-4, Floor 9, Nanjing Baixia High-tech Industrial Park, Qinhuai District, Nanjing, CHN, 210014

Website http://www.cstor.cn

Nanjing Innovative Data Technologies Co Ltd focuses the big data storage and intelligent processing business. It is engaged in the development, operation, sales, and related technical services of basic technology products and application systems for intelligent storage and processing of big data information. It includes products such as cStor C1000 cloud storage system, Yunchuang network disk, and rStor FS series disk array storage system.

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