Gold Peak Technology Group (HKSE:00040) Beneish M-Score : -3.13 (As of Jul. 24, 2025)

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What is Gold Peak Technology Group Beneish M-Score?

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 -3.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Gold Peak Technology Group's Beneish M-Score or its related term are showing as below:

HKSE:00040' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13 Med: -2.53 Max: -2.29
Current: -3.13

During the past 13 years, the highest Beneish M-Score of Gold Peak Technology Group was -2.29. The lowest was -3.13. And the median was -2.53.

Gold Peak Technology Group Beneish M-Score Historical Data

The historical data trend for Gold Peak Technology 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.

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Gold Peak Technology Group Beneish M-Score Chart

Gold Peak Technology Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Beneish M-Score

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-2.29

-3.02

-3.13

Gold Peak Technology Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25
Beneish M-Score	Get a 7-Day Free Trial															-3.02	-	-3.13	-	-

Competitive Comparison of Gold Peak Technology Group's Beneish M-Score

For the Electronic Components subindustry, Gold Peak Technology 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.

Gold Peak Technology Group's Beneish M-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gold Peak Technology Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gold Peak Technology Group's Beneish M-Score falls into.

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Gold Peak Technology 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 Gold Peak Technology Group 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 * 1.0108

0.528 * 0.9346

0.404 * 0.8295

0.892 * 0.9841

0.115 * 0.9668

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9934

4.679 * -0.110987

0.327 * 1.068

-3.13

This Year (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was HK$1,307 Mil.
Revenue was HK$6,476 Mil.
Gross Profit was HK$1,844 Mil.
Total Current Assets was HK$3,679 Mil.
Total Assets was HK$7,603 Mil.
Property, Plant and Equipment(Net PPE) was HK$2,532 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$274 Mil.
Selling, General, & Admin. Expense(SGA) was HK$1,658 Mil.
Total Current Liabilities was HK$3,696 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,712 Mil.
Net Income was HK$-367 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$476 Mil.

Total Receivables was HK$1,314 Mil.
Revenue was HK$6,581 Mil.
Gross Profit was HK$1,751 Mil.
Total Current Assets was HK$3,859 Mil.
Total Assets was HK$8,268 Mil.
Property, Plant and Equipment(Net PPE) was HK$2,584 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$270 Mil.
Selling, General, & Admin. Expense(SGA) was HK$1,696 Mil.
Total Current Liabilities was HK$4,236 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,271 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)
	=	(1306.875 / 6476.406)	/	(1313.806 / 6581.026)
	=	0.20179	/	0.199635
	=	1.0108

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)
	=	(1751.006 / 6581.026)	/	(1843.664 / 6476.406)
	=	0.266069	/	0.284674
	=	0.9346

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 - (3678.862 + 2531.79) / 7602.685)	/	(1 - (3859.46 + 2583.543) / 8268.065)
	=	0.183098	/	0.220736
	=	0.8295

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
	=	6476.406	/	6581.026
	=	0.9841

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))
	=	(269.722 / (269.722 + 2583.543))	/	(274.384 / (274.384 + 2531.79))
	=	0.094531	/	0.097779
	=	0.9668

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)
	=	(1657.867 / 6476.406)	/	(1695.914 / 6581.026)
	=	0.255986	/	0.257698
	=	0.9934

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)
	=	((1711.663 + 3696.376) / 7602.685)	/	((1270.731 + 4236.125) / 8268.065)
	=	0.711333	/	0.666039
	=	1.068

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
	=	(-367.329 - 0	-	476.474)	/	7602.685
	=	-0.110987

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.

Gold Peak Technology Group has a M-score of -3.13 suggests that the company is unlikely to be a manipulator.

Gold Peak Technology Group Beneish M-Score Related Terms

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Gold Peak Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gold Peak Technology Group Ltd (HKSE:00040) » Definitions » Beneish M-Score

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Traded in Other Exchanges

N/A

Address

12 Science Park West Avenue, 9th Floor, Building 12W, Phase 3, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong, HKG

Website

https://www.goldpeak.com

Gold Peak Technology Group Ltd is an Asian multinational group that owns industrial investment and it is an industrial investment vehicle. The company is operating its business through its subsidiaries which are engaged in the development, manufacture, marketing, and trading of batteries, electronics and acoustics products, automotive wire harnesses, batteries, and battery-related products. It operates in three segments namely, Electronics, Batteries, and Other investments. It generates an extensive part of the revenue from the sale of batteries.

Executives

Lo Chung Wing Victor	2101 Beneficial owner
To May Mee	2101 Beneficial owner
Ng Ka Fai Karen	2101 Beneficial owner
Ng Sheen Fai Jessica	2101 Beneficial owner
Ubs Group Ag	2201 Interest of corporation controlled by you

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