Carmen Century Investment (HKSE:00612) Beneish M-Score: 0.00 (As of Jul. 07, 2026)


HKSE:00612 Carmen Century Investment Ltd HKSE:00612
34 GF Score
Price HK$0.34
! 1 Warning Sign
View Full Analysis

What is Carmen Century Investment Beneish M-Score?

Carmen Century Investment HKSE:00612 34 Beneish M-Score is 0.00 as of Jul. 07, 2026. GuruFocus rates HKSE:00612 with a GF Score™ of 34/100. The stock has 1 warning sign investors should review.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Carmen Century Investment's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Carmen Century Investment was -2.95. The lowest was -2.95. And the median was -2.95.

HKSE:00612
34GF Score
Carmen Century Investment Ltd HKSE:00612
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carmen Century Investment 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 Carmen Century Investment 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was HK$0.00 Mil.
Revenue was HK$-248.97 Mil.
Gross Profit was HK$-248.97 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$517.10 Mil.
Property, Plant and Equipment(Net PPE) was HK$312.56 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$23.86 Mil.
Selling, General, & Admin. Expense(SGA) was HK$110.61 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$10.21 Mil.
Net Income was HK$-470.81 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-50.34 Mil.
 Total Receivables was HK$0.00 Mil.
Revenue was HK$-212.29 Mil.
Gross Profit was HK$-212.29 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$1,067.86 Mil.
Property, Plant and Equipment(Net PPE) was HK$467.43 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$25.32 Mil.
Selling, General, & Admin. Expense(SGA) was HK$118.97 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$67.85 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)
=(0 / -248.972) / (0 / -212.286)
= /
=

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)
=(-212.286 / -212.286) / (-248.972 / -248.972)
= /
=

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 - (0 + 312.56) / 517.095) / (1 - (0 + 467.429) / 1067.861)
=0.395546 / 0.562275
=

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
=-248.972 / -212.286
=

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))
=(25.317 / (25.317 + 467.429)) / (23.858 / (23.858 + 312.56))
=0.051379 / 0.070918
=

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)
=(110.605 / -248.972) / (118.969 / -212.286)
= /
=

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)
=((10.209 + 0) / 517.095) / ((67.853 + 0) / 1067.861)
=0.019743 / 0.063541
=

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
=(-470.81 - 0 - -50.343) / 517.095
=-0.813133

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?
Carmen Century Investment (HKSE:00612) has a Beneish M-Score of 0.00 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Carmen Century Investment and its competitors.
Is Carmen Century Investment's Beneish M-Score too high?
Carmen Century Investment's current Beneish M-Score is 0.00. Overall, Carmen Century Investment has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Carmen Century Investment's Beneish M-Score compare to BLK and BX?
Carmen Century Investment's Beneish M-Score of 0.00 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Carmen Century Investment and its competitors. Carmen Century Investment'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 Carmen Century Investment stock overvalued right now?
Carmen Century Investment (HKSE:00612) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Carmen Century Investment's overall GF Score™ is 34/100 with 1 warning sign 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 Carmen Century Investment (HKSE:00612), the current Beneish M-Score is 0.00 as of Jul. 07, 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.

Carmen Century Investment Business Description

Address 1 Austin Road West, Unit 6602-03, Level 66, International Commerce Centre, Kowloon, Hong Kong, HKG
Carmen Century Investment Ltd Formerly Ding Yi Feng Holdings Group International Ltd is engaged in providing financial services in Hong Kong. The principal activities of the Company and its subsidiaries are investing in listed and unlisted securities. Its operations are held in two geographical segments, namely, Hong Kong, which derives maximum revenue, and the People's Republic of China. The group earns its revenue in the form of interest income and dividend income from financial assets.
34GF Score

Get the complete analysis for HKSE:00612

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

HK$0.34
Price