BKTH (Breakthrough Chemistry) Beneish M-Score: 0.00 (As of Sep. 21, 2026)

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What is Breakthrough Chemistry Beneish M-Score?

Breakthrough Chemistry BKTH -62.74% Beneish M-Score is 0.00 as of Sep. 21, 2026.

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 Breakthrough Chemistry's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Breakthrough Chemistry was 0.00. The lowest was 0.00. And the median was 0.00.

Breakthrough Chemistry Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Breakthrough Chemistry'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.

Breakthrough Chemistry Beneish M-Score Chart

Breakthrough Chemistry Annual Data
Trend Jul13 Jul14 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -3.11 -1.57 -4.30

Breakthrough Chemistry Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 - -5.83 5.39 -3.96 -

BKTH vs DSOX, CDTI, SGSI: Beneish M-Score Comparison

For the Pollution & Treatment Controls subindustry, Breakthrough Chemistry'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.

Breakthrough Chemistry Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Breakthrough Chemistry's Beneish M-Score distribution charts can be found below:

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


Breakthrough Chemistry 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 Breakthrough Chemistry 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 * 1+0.528 * 8.1329+0.404 * 0+0.892 * 1.7726+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6179+4.679 * 0.296133-0.327 * 0.632
=3.14

* 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 $0.00 Mil.
Revenue was 0.003 + 0.001 + 0.01 + 0.003 = $0.02 Mil.
Gross Profit was 0 + 0 + -0.002 + -0.009 = $-0.01 Mil.
Total Current Assets was $1.30 Mil.
Total Assets was $1.30 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $0.14 Mil.
Total Current Liabilities was $0.38 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -1.083 + 0.079 + 1.402 + -0.02 = $0.38 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.007 + 0.054 + -0.052 + -0.002 = $-0.01 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0 + 0.008 + 0.002 + 0 = $0.01 Mil.
Gross Profit was -0.011 + -0.002 + -0.035 + 0 = $-0.05 Mil.
Total Current Assets was $0.08 Mil.
Total Assets was $0.85 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $-0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $0.13 Mil.
Total Current Liabilities was $0.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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 / 0.018) / (0 / 0.01)
=0 / 0
=1

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)
=(-0.049 / 0.01) / (-0.011 / 0.018)
=-4.911649 / -0.603926
=8.1329

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 - (1.3 + 0) / 1.3) / (1 - (0.077 + 0) / 0.847)
=0 / 0.908543
=0

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
=0.018 / 0.01
=1.7726

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))
=(-0.016 / (-0.016 + 0)) / (0.027 / (0.027 + 0))
=1 / 1
=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)
=(0.137 / 0.018) / (0.125 / 0.01)
=7.794196 / 12.614523
=0.6179

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 + 0.377) / 1.3) / ((0 + 0.389) / 0.847)
=0.289814 / 0.458564
=0.632

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
=(0.378 - 0 - -0.007) / 1.3
=0.296133

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.

Breakthrough Chemistry has a M-score of 3.14 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 0.00 mean?
Breakthrough Chemistry (BKTH) has a Beneish M-Score of 0.00 as of Sep. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Breakthrough Chemistry and its competitors.
Is Breakthrough Chemistry's Beneish M-Score too high?
Breakthrough Chemistry's current Beneish M-Score is 0.00.
How does Breakthrough Chemistry's Beneish M-Score compare to DSOX and CDTI?
Breakthrough Chemistry's Beneish M-Score of 0.00 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Breakthrough Chemistry and its competitors. Breakthrough Chemistry'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 Breakthrough Chemistry stock overvalued right now?
Breakthrough Chemistry (BKTH) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Breakthrough Chemistry (BKTH), the current Beneish M-Score is 0.00 as of Sep. 21, 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.

Breakthrough Chemistry Business Description

Address 8891 Brighton Lane, Suite 108, Bonita Springs, FL, USA, 34135
Breakthrough Chemistry Inc is engaged in the chemicals business. The company through its Breakthrough Chemistry brand represents a combination of its chemistry platforms; Stabilize Halogen Oxidizers, Eco Fire Inhibitors and Pesticides, and Silicon Dioxide Coatings. With these platforms, it develops and launches products to address critical solution areas including food security and spoilage reduction, personal hygiene, protective coatings, odor elimination, and chemical neutralization.