Beach Hatchery (DHA:BEACHHATCH) Beneish M-Score: 0.00 (As of Jul. 15, 2026)

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Beach Hatchery Ltd DHA:BEACHHATCH

48 GF Score

Price BDT35.70

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What is Beach Hatchery Beneish M-Score?

Beach Hatchery DHA:BEACHHATCH +4.39% 48 Beneish M-Score is 0.00 as of Jul. 15, 2026. GuruFocus rates DHA:BEACHHATCH with a GF Score™ of 48/100.

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 Beach Hatchery's Beneish M-Score or its related term are showing as below:

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

Beach Hatchery Beneish M-Score Related Terms

Beach Hatchery Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Beach Hatchery'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.

Beach Hatchery Beneish M-Score Chart

Beach Hatchery Annual Data

Trend

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Beneish M-Score

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Beach Hatchery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

DHA:BEACHHATCH vs ADM, TSN, BG: Beneish M-Score Comparison

For the Farm Products subindustry, Beach Hatchery'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.

Beach Hatchery Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beach Hatchery's Beneish M-Score distribution charts can be found below:

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

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48GF Score

Beach Hatchery Ltd DHA:BEACHHATCH

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Beach Hatchery 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 Beach Hatchery 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was BDT473.6 Mil.
Revenue was 144.859 + 69.685 + 30.459 + 65.765 = BDT310.8 Mil.
Gross Profit was 104.633 + 37.52 + 10.677 + 36.27 = BDT189.1 Mil.
Total Current Assets was BDT533.7 Mil.
Total Assets was BDT751.2 Mil.
Property, Plant and Equipment(Net PPE) was BDT217.5 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT2.9 Mil.
Selling, General, & Admin. Expense(SGA) was BDT1.0 Mil.
Total Current Liabilities was BDT99.4 Mil.
Long-Term Debt & Capital Lease Obligation was BDT24.3 Mil.
Net Income was 76.601 + 35.026 + 4.887 + 24.803 = BDT141.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BDT0.0 Mil.
Cash Flow from Operations was 0.535 + 12.64 + 6.192 + 5.229 = BDT24.6 Mil.

Total Receivables was BDT301.5 Mil.
Revenue was 80.389 + 42.657 + 29.627 + 29.536 = BDT182.2 Mil.
Gross Profit was 48.224 + 27.384 + 13.32 + 20.194 = BDT109.1 Mil.
Total Current Assets was BDT367.0 Mil.
Total Assets was BDT587.4 Mil.
Property, Plant and Equipment(Net PPE) was BDT220.4 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT2.7 Mil.
Selling, General, & Admin. Expense(SGA) was BDT1.8 Mil.
Total Current Liabilities was BDT73.5 Mil.
Long-Term Debt & Capital Lease Obligation was BDT21.2 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)
	=	(473.599 / 310.768)	/	(301.508 / 182.209)
	=	1.523963	/	1.654737
	=

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)
	=	(109.122 / 182.209)	/	(189.1 / 310.768)
	=	0.598884	/	0.608493
	=

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 - (533.725 + 217.495) / 751.22)	/	(1 - (366.961 + 220.443) / 587.404)
	=	0	/	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
	=	310.768	/	182.209
	=

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))
	=	(2.671 / (2.671 + 220.443))	/	(2.948 / (2.948 + 217.495))
	=	0.011971	/	0.013373
	=

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)
	=	(1.031 / 310.768)	/	(1.771 / 182.209)
	=	0.003318	/	0.00972
	=

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)
	=	((24.287 + 99.368) / 751.22)	/	((21.169 + 73.52) / 587.404)
	=	0.164606	/	0.161199
	=

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
	=	(141.317 - 0	-	24.596)	/	751.22
	=	0.155375

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Beach Hatchery (DHA:BEACHHATCH) has a Beneish M-Score of 0.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beach Hatchery and its competitors.

Is Beach Hatchery's Beneish M-Score too high?

Beach Hatchery's current Beneish M-Score is 0.00. Overall, Beach Hatchery has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.

How does Beach Hatchery's Beneish M-Score compare to ADM and TSN?

Beach Hatchery's Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Beach Hatchery and its competitors. Beach Hatchery'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 Beach Hatchery stock overvalued right now?

Beach Hatchery (DHA:BEACHHATCH) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Beach Hatchery's overall GF Score™ is 48/100. 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 Beach Hatchery (DHA:BEACHHATCH), the current Beneish M-Score is 0.00 as of Jul. 15, 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.

Beach Hatchery Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies DHA:GOLDENSON DHA:GHAIL DHA:RDFOOD DHA:FUWANGFOOD SZSE:002714 ADM TSN BG SZSE:300498 OSL:MOWI OSL:SALM SZSE:000876 SZSE:300972 BKK:CPF SZSE:002157 XKLS:2089 SHSE:600095 ISX:CPIN CALM XKLS:4065

Address House No.B-139, 3rd Floor, Road no. 22, Mohakhali DOHS, Dhaka, BGD, 1206

Website https://www.bhlbd.net

Beach Hatchery Ltd is engaged in the production of shrimp fry for selling it in local markets. The company has its factory located in Moheshkhalipara, Teknaf Sea beach, Teknaf, Cox's Bazar, Bangladesh. It produces shrimp fry in 6-7 cycles.

48GF Score

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

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