GoFintech Quantum Innovation (HKSE:00290) Beneish M-Score: 1.16 (As of Aug. 21, 2026)

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HKSE:00290 GoFintech Quantum Innovation Ltd HKSE:00290
41 GF Score
Price HK$1.66
! 5 Warning Signs
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What is GoFintech Quantum Innovation Beneish M-Score?

GoFintech Quantum Innovation HKSE:00290 +4.09% 41 Beneish M-Score is 1.16 as of Aug. 21, 2026. GuruFocus rates HKSE:00290 with a GF Score™ of 41/100. The stock has 5 warning signs investors should review. Among 84 Diversified Financial Services companies, GoFintech Quantum Innovation ranks worse than 100% 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.

Warning Sign:

Beneish M-Score 1.16 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for GoFintech Quantum Innovation's Beneish M-Score or its related term are showing as below:

HKSE:00290' s Beneish M-Score Range Over the Past 10 Years
Min: -4.83   Med: -1.85   Max: 19.51
Current: 1.16

During the past 13 years, the highest Beneish M-Score of GoFintech Quantum Innovation was 19.51. The lowest was -4.83. And the median was -1.85.

GoFintech Quantum Innovation Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GoFintech Quantum Innovation'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.

GoFintech Quantum Innovation Beneish M-Score Chart

GoFintech Quantum Innovation Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.83 -4.29 -2.19 19.51 1.16

GoFintech Quantum Innovation Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -2.19 0.00 19.51 0.00 1.16

HKSE:00290 vs FRHC, VOYA: Beneish M-Score Comparison

For the Financial Conglomerates subindustry, GoFintech Quantum Innovation'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.

GoFintech Quantum Innovation Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, GoFintech Quantum Innovation's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where GoFintech Quantum Innovation's Beneish M-Score falls into.


HKSE:00290
41GF Score
GoFintech Quantum Innovation Ltd HKSE:00290
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GoFintech Quantum Innovation 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 GoFintech Quantum Innovation 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 * 5.8504+0.528 * 0.8618+0.404 * 0.6534+0.892 * 2.03+0.115 * 0.8634
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.5426+4.679 * -0.224539-0.327 * 1.6022
=1.16

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was HK$2,481 Mil.
Revenue was HK$1,753 Mil.
Gross Profit was HK$89 Mil.
Total Current Assets was HK$4,256 Mil.
Total Assets was HK$9,128 Mil.
Property, Plant and Equipment(Net PPE) was HK$7 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$11 Mil.
Selling, General, & Admin. Expense(SGA) was HK$33 Mil.
Total Current Liabilities was HK$2,170 Mil.
Long-Term Debt & Capital Lease Obligation was HK$5 Mil.
Net Income was HK$-2,131 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$-81 Mil.
 Total Receivables was HK$209 Mil.
Revenue was HK$863 Mil.
Gross Profit was HK$38 Mil.
Total Current Assets was HK$842 Mil.
Total Assets was HK$4,612 Mil.
Property, Plant and Equipment(Net PPE) was HK$8 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$6 Mil.
Total Current Liabilities was HK$679 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7 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)
=(2480.941 / 1752.677) / (208.901 / 863.4)
=1.415515 / 0.241952
=5.8504

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)
=(37.589 / 863.4) / (88.539 / 1752.677)
=0.043536 / 0.050516
=0.8618

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 - (4255.834 + 6.525) / 9128.445) / (1 - (841.714 + 7.683) / 4612.095)
=0.533068 / 0.815833
=0.6534

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
=1752.677 / 863.4
=2.03

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))
=(8.84 / (8.84 + 7.683)) / (10.629 / (10.629 + 6.525))
=0.535012 / 0.619622
=0.8634

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)
=(32.936 / 1752.677) / (6.381 / 863.4)
=0.018792 / 0.007391
=2.5426

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)
=((4.858 + 2169.807) / 9128.445) / ((6.88 + 678.89) / 4612.095)
=0.23823 / 0.148689
=1.6022

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
=(-2130.64 - 0 - -80.946) / 9128.445
=-0.224539

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.

GoFintech Quantum Innovation has a M-score of 1.16 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 1.16 mean?
GoFintech Quantum Innovation (HKSE:00290) has a Beneish M-Score of 1.16 as of Aug. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GoFintech Quantum Innovation and its competitors. According to the industry distribution chart, GoFintech Quantum Innovation ranks #84 out of 84 companies in the Diversified Financial Services industry.
Is GoFintech Quantum Innovation's Beneish M-Score too high?
GoFintech Quantum Innovation's current Beneish M-Score is 1.16. Based on the distribution chart, GoFintech Quantum Innovation ranks #84 out of 84 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, GoFintech Quantum Innovation has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does GoFintech Quantum Innovation's Beneish M-Score compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, GoFintech Quantum Innovation ranks #84 out of 84 companies for Beneish M-Score. This places GoFintech Quantum Innovation in the lower half of its 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 Diversified Financial Services company?
A good Beneish M-Score depends on the Diversified Financial 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 GoFintech Quantum Innovation and its competitors. GoFintech Quantum Innovation's current Beneish M-Score is 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GoFintech Quantum Innovation stock overvalued right now?
GoFintech Quantum Innovation (HKSE:00290) has a current Beneish M-Score of 1.16. The current Beneish M-Score is 1.16. GoFintech Quantum Innovation's overall GF Score™ is 41/100 with 5 warning signs to review. 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 GoFintech Quantum Innovation (HKSE:00290), the current Beneish M-Score is 1.16 as of Aug. 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.

GoFintech Quantum Innovation Business Description

Address 183 Queen’s Road Central, 41st Floor COSCO Tower, Room 4102-06, Hong Kong, HKG
GoFintech Quantum Innovation Ltd Formerly GoFintech Innovation Ltd is a cross-border financial service platform based in Hong Kong backed by the Greater Bay Area. The company's reportable and operating segments are; Securities brokerage and margin financing, Corporate finance, Money lending, Consultancy and Insurance brokerage, Asset management, and Equity investment. It generates maximum revenue from the Securities brokerage and margin financing segment which engages in securities brokerage and margin financing in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and the rest from the People's Republic of China.
41GF Score

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

HK$1.66
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