HAOTF (Hao Tian International Construction Investment Group) Beneish M-Score: -3.56 (As of Jun. 29, 2026)


What is Hao Tian International Construction Investment Group Beneish M-Score?

Hao Tian International Construction Investment Group HAOTF -10.00% Beneish M-Score is -3.56 as of Jun. 29, 2026. The stock has 5 warning signs investors should review. Among 1,020 Business Services companies, Hao Tian International Construction Investment Group ranks better than 91.57% 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 -3.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Hao Tian International Construction Investment Group's Beneish M-Score or its related term are showing as below:

HAOTF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.56   Med: -2.51   Max: -0.55
Current: -3.56

During the past 11 years, the highest Beneish M-Score of Hao Tian International Construction Investment Group was -0.55. The lowest was -3.56. And the median was -2.51.

Hao Tian International Construction Investment Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hao Tian International Construction Investment Group'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.

Hao Tian International Construction Investment Group Beneish M-Score Chart

Hao Tian International Construction Investment Group Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.13 -3.44 -2.51 -2.93 -3.56

Hao Tian International Construction Investment Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -2.93 0.00 -3.56 0.00

HAOTF vs URI, SUNB, AER: Beneish M-Score Comparison

For the Rental & Leasing Services subindustry, Hao Tian International Construction Investment Group'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.

Hao Tian International Construction Investment Group Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Hao Tian International Construction Investment Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hao Tian International Construction Investment Group's Beneish M-Score falls into.


Hao Tian International Construction Investment Group 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 Hao Tian International Construction Investment Group 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 * 0.3701+0.528 * 1.3411+0.404 * 1.2862+0.892 * 0.8436+0.115 * 0.8324
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0697+4.679 * -0.141016-0.327 * 0.8693
=-3.55

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $25.86 Mil.
Revenue was $18.66 Mil.
Gross Profit was $5.15 Mil.
Total Current Assets was $33.06 Mil.
Total Assets was $219.87 Mil.
Property, Plant and Equipment(Net PPE) was $21.49 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.53 Mil.
Selling, General, & Admin. Expense(SGA) was $6.69 Mil.
Total Current Liabilities was $16.34 Mil.
Long-Term Debt & Capital Lease Obligation was $74.11 Mil.
Net Income was $-24.44 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $6.56 Mil.
 Total Receivables was $82.83 Mil.
Revenue was $22.11 Mil.
Gross Profit was $8.18 Mil.
Total Current Assets was $98.81 Mil.
Total Assets was $305.25 Mil.
Property, Plant and Equipment(Net PPE) was $27.99 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.75 Mil.
Selling, General, & Admin. Expense(SGA) was $7.41 Mil.
Total Current Liabilities was $70.82 Mil.
Long-Term Debt & Capital Lease Obligation was $73.63 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)
=(25.859 / 18.655) / (82.833 / 22.114)
=1.38617 / 3.745727
=0.3701

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)
=(8.181 / 22.114) / (5.146 / 18.655)
=0.369947 / 0.275851
=1.3411

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 - (33.064 + 21.485) / 219.869) / (1 - (98.811 + 27.994) / 305.254)
=0.751902 / 0.584592
=1.2862

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
=18.655 / 22.114
=0.8436

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))
=(5.752 / (5.752 + 27.994)) / (5.532 / (5.532 + 21.485))
=0.17045 / 0.20476
=0.8324

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)
=(6.69 / 18.655) / (7.414 / 22.114)
=0.358617 / 0.335263
=1.0697

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)
=((74.105 + 16.339) / 219.869) / ((73.629 + 70.817) / 305.254)
=0.411354 / 0.473199
=0.8693

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
=(-24.444 - 0 - 6.561) / 219.869
=-0.141016

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.

Hao Tian International Construction Investment Group has a M-score of -3.55 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 -3.56 mean?
Hao Tian International Construction Investment Group (HAOTF) has a Beneish M-Score of -3.56 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hao Tian International Construction Investment Group and its competitors. According to the industry distribution chart, Hao Tian International Construction Investment Group ranks #86 out of 1020 companies in the Business Services industry, placing it in the top 8.4%.
Is Hao Tian International Construction Investment Group's Beneish M-Score too high?
Hao Tian International Construction Investment Group's current Beneish M-Score is -3.56. Based on the distribution chart, Hao Tian International Construction Investment Group ranks #86 out of 1020 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does Hao Tian International Construction Investment Group's Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Hao Tian International Construction Investment Group ranks #86 out of 1020 companies for Beneish M-Score. This places Hao Tian International Construction Investment Group in the top 8% 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Hao Tian International Construction Investment Group and its competitors. Hao Tian International Construction Investment Group's current Beneish M-Score is -3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hao Tian International Construction Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Hao Tian International Construction Investment Group (HAOTF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.07, compared to a current price of $0.00 — trading 93.6% below its estimated fair value. The current Beneish M-Score is -3.56. 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 Hao Tian International Construction Investment Group (HAOTF), the current Beneish M-Score is -3.56 as of Jun. 29, 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.

Hao Tian International Construction Investment Group Business Description

Other Exchanges 01341:Hong Kong
Address 6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, and Property development business. The company operates in Hong Kong, Macau, United Kingdom, Malaysia and Cambodia geographically.