EBODF (New Energy Exchange) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is New Energy Exchange Beneish M-Score?

New Energy Exchange EBODF Beneish M-Score is 0.00 as of Jun. 26, 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 New Energy Exchange's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of New Energy Exchange was 0.00. The lowest was 0.00. And the median was 0.00.

New Energy Exchange Beneish M-Score Historical Data

* Premium members only.

The historical data trend for New Energy Exchange'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.

New Energy Exchange Beneish M-Score Chart

New Energy Exchange Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 6,410.81 0.00 1,386.67 -2.79

New Energy Exchange Semi-Annual Data
Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12
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 1,386.67 0.00 -2.79 0.00

EBODF vs YGEHY, BSRC: Beneish M-Score Comparison

For the Solar subindustry, New Energy Exchange'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.

New Energy Exchange Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, New Energy Exchange's Beneish M-Score distribution charts can be found below:

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


New Energy Exchange 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 New Energy Exchange 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 * 2.3698+0.528 * -2.3671+0.404 * 0.5385+0.892 * 1.2688+0.115 * 0.3866
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9503+4.679 * -0.091906-0.327 * 2.8094
=-4.03

* 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 (Dec11) TTM:Last Year (Dec10) TTM:
Total Receivables was $12.34 Mil.
Revenue was $10.25 Mil.
Gross Profit was $-0.69 Mil.
Total Current Assets was $35.05 Mil.
Total Assets was $42.50 Mil.
Property, Plant and Equipment(Net PPE) was $4.41 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.93 Mil.
Selling, General, & Admin. Expense(SGA) was $6.52 Mil.
Total Current Liabilities was $32.50 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-10.18 Mil.
Gross Profit was $-3.06 Mil.
Cash Flow from Operations was $-3.21 Mil.
 Total Receivables was $4.10 Mil.
Revenue was $8.08 Mil.
Gross Profit was $1.29 Mil.
Total Current Assets was $16.90 Mil.
Total Assets was $24.94 Mil.
Property, Plant and Equipment(Net PPE) was $4.73 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.34 Mil.
Selling, General, & Admin. Expense(SGA) was $5.41 Mil.
Total Current Liabilities was $6.79 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)
=(12.34 / 10.247) / (4.104 / 8.076)
=1.204255 / 0.508172
=2.3698

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)
=(1.291 / 8.076) / (-0.692 / 10.247)
=0.159856 / -0.067532
=-2.3671

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 - (35.05 + 4.408) / 42.5) / (1 - (16.901 + 4.726) / 24.942)
=0.071576 / 0.132908
=0.5385

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
=10.247 / 8.076
=1.2688

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))
=(0.34 / (0.34 + 4.726)) / (0.926 / (0.926 + 4.408))
=0.067114 / 0.173603
=0.3866

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)
=(6.522 / 10.247) / (5.409 / 8.076)
=0.636479 / 0.669762
=0.9503

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 + 32.5) / 42.5) / ((0 + 6.789) / 24.942)
=0.764706 / 0.272191
=2.8094

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
=(-10.181 - -3.061 - -3.214) / 42.5
=-0.091906

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.

New Energy Exchange has a M-score of -4.03 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?
New Energy Exchange (EBODF) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on New Energy Exchange and its competitors.
Is New Energy Exchange's Beneish M-Score too high?
New Energy Exchange's current Beneish M-Score is 0.00.
How does New Energy Exchange's Beneish M-Score compare to YGEHY and BSRC?
New Energy Exchange's Beneish M-Score of 0.00 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 New Energy Exchange and its competitors. New Energy Exchange'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 New Energy Exchange stock overvalued right now?
New Energy Exchange (EBODF) 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 New Energy Exchange (EBODF), the current Beneish M-Score is 0.00 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.

New Energy Exchange Business Description

Address Unit 1407, 14 Floor West Tower Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, HKG
New Energy Exchange Ltd is a renewable energy company. It is a service provider focusing on the new ecology of energy Internet and provides integrated solutions based on blockchain technologies. The company has three business division: Blockchain technology application; New energy and Internet+.