Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) Beneish M-Score: 0.00 (As of Aug. 20, 2026)

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HKSE:01915 Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd HKSE:01915
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Price HK$0.27
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What is Yangzhou Guangling District Taihe Rural Micro-finance Co Beneish M-Score?

Yangzhou Guangling District Taihe Rural Micro-finance Co HKSE:01915 4 Beneish M-Score is 0.00 as of Aug. 20, 2026. GuruFocus rates HKSE:01915 with a GF Score™ of 4/100.

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 Yangzhou Guangling District Taihe Rural Micro-finance Co's Beneish M-Score or its related term are showing as below:

During the past 10 years, the highest Beneish M-Score of Yangzhou Guangling District Taihe Rural Micro-finance Co was 0.00. The lowest was 0.00. And the median was 0.00.

HKSE:01915
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Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd HKSE:01915
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yangzhou Guangling District Taihe Rural Micro-finance Co 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 Yangzhou Guangling District Taihe Rural Micro-finance Co 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 * 1+0.528 * 1+0.404 * 1.0008+0.892 * 0.9601+0.115 * 0.8889
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6677+4.679 * -0.006515-0.327 * 2.1746
=-2.89

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was HK$0.00 Mil.
Revenue was HK$57.32 Mil.
Gross Profit was HK$57.32 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$970.09 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.56 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$1.67 Mil.
Selling, General, & Admin. Expense(SGA) was HK$4.21 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.68 Mil.
Net Income was HK$-9.01 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-2.69 Mil.
 Total Receivables was HK$0.00 Mil.
Revenue was HK$59.69 Mil.
Gross Profit was HK$59.69 Mil.
Total Current Assets was HK$0.00 Mil.
Total Assets was HK$1,002.60 Mil.
Property, Plant and Equipment(Net PPE) was HK$2.41 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$2.05 Mil.
Selling, General, & Admin. Expense(SGA) was HK$6.56 Mil.
Total Current Liabilities was HK$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.80 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 / 57.315) / (0 / 59.694)
=0 / 0
=1

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)
=(59.694 / 59.694) / (57.315 / 57.315)
=1 / 1
=1

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 + 1.561) / 970.092) / (1 - (0 + 2.405) / 1002.597)
=0.998391 / 0.997601
=1.0008

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
=57.315 / 59.694
=0.9601

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))
=(2.045 / (2.045 + 2.405)) / (1.671 / (1.671 + 1.561))
=0.459551 / 0.517017
=0.8889

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)
=(4.208 / 57.315) / (6.564 / 59.694)
=0.073419 / 0.109961
=0.6677

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)
=((1.679 + 0) / 970.092) / ((0.798 + 0) / 1002.597)
=0.001731 / 0.000796
=2.1746

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
=(-9.005 - 0 - -2.685) / 970.092
=-0.006515

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.

Yangzhou Guangling District Taihe Rural Micro-finance Co has a M-score of -2.89 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?
Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) has a Beneish M-Score of 0.00 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yangzhou Guangling District Taihe Rural Micro-finance Co and its competitors.
Is Yangzhou Guangling District Taihe Rural Micro-finance Co's Beneish M-Score too high?
Yangzhou Guangling District Taihe Rural Micro-finance Co's current Beneish M-Score is 0.00. Overall, Yangzhou Guangling District Taihe Rural Micro-finance Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Yangzhou Guangling District Taihe Rural Micro-finance Co's Beneish M-Score compare to V and MA?
Yangzhou Guangling District Taihe Rural Micro-finance Co's Beneish M-Score of 0.00 can be compared against companies in the Credit Services 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 Credit Services company?
A good Beneish M-Score depends on the Credit 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 Yangzhou Guangling District Taihe Rural Micro-finance Co and its competitors. Yangzhou Guangling District Taihe Rural Micro-finance Co'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 Yangzhou Guangling District Taihe Rural Micro-finance Co stock overvalued right now?
Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Yangzhou Guangling District Taihe Rural Micro-finance Co's overall GF Score™ is 4/100. 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 Yangzhou Guangling District Taihe Rural Micro-finance Co (HKSE:01915), the current Beneish M-Score is 0.00 as of Aug. 20, 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.

Yangzhou Guangling District Taihe Rural Micro-finance Co Business Description

Address Beizhou Road, Lidian Town, Guangling District, Jiangsu Province, Yangzhou, CHN
Yangzhou Guangling District Taihe Rural Micro-finance Co Ltd is engaged in the microfinance business. The company offers micro and small loans in two formats, term loans, and loans under the credit facility to its customers. Its services are the granting of loans to Agriculture, Rural Areas, and Farmers, provision of financial guarantees, acting as a financial institution agent, and other financial businesses. The group's revenue is generated from the provision of loans to small and medium-sized and micro enterprises located in Yangzhou, Jiangsu Province in the PRC.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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