Rokae (Shandong) Robotics Group (HKSE:03752) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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HKSE:03752 Rokae (Shandong) Robotics Group Inc HKSE:03752
7 GF Score
Price HK$50.60
! 2 Warning Signs
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What is Rokae (Shandong) Robotics Group Beneish M-Score?

Rokae (Shandong) Robotics Group HKSE:03752 +8.58% 7 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates HKSE:03752 with a GF Score™ of 7/100. The stock has 2 warning signs investors should review. Among 2,403 Hardware companies, Rokae (Shandong) Robotics Group ranks worse than 41614.61% 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.

The historical rank and industry rank for Rokae (Shandong) Robotics Group's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Rokae (Shandong) Robotics Group was 0.00. The lowest was 0.00. And the median was 0.00.

Rokae (Shandong) Robotics Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rokae (Shandong) Robotics 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.

Rokae (Shandong) Robotics Group Beneish M-Score Chart

Rokae (Shandong) Robotics Group Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Rokae (Shandong) Robotics Group Quarterly Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00

HKSE:03752 vs DELL, ANET, SNDK: Beneish M-Score Comparison

For the Computer Hardware subindustry, Rokae (Shandong) Robotics 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.

Rokae (Shandong) Robotics Group Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Rokae (Shandong) Robotics Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Rokae (Shandong) Robotics Group's Beneish M-Score falls into.


HKSE:03752
7GF Score
Rokae (Shandong) Robotics Group Inc HKSE:03752
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rokae (Shandong) Robotics 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 Rokae (Shandong) Robotics 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 * 0.8952+0.528 * 1.0003+0.404 * 2.8025+0.892 * 1.6598+0.115 * 1.0278
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6743+4.679 * -0.081207-0.327 * 1.3402
=-1.69

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was HK$397.8 Mil.
Revenue was HK$576.4 Mil.
Gross Profit was HK$126.1 Mil.
Total Current Assets was HK$1,055.8 Mil.
Total Assets was HK$1,384.8 Mil.
Property, Plant and Equipment(Net PPE) was HK$186.9 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$15.7 Mil.
Selling, General, & Admin. Expense(SGA) was HK$32.3 Mil.
Total Current Liabilities was HK$391.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1.1 Mil.
Net Income was HK$-198.1 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$-85.6 Mil.
 Total Receivables was HK$267.7 Mil.
Revenue was HK$347.3 Mil.
Gross Profit was HK$76.0 Mil.
Total Current Assets was HK$812.4 Mil.
Total Assets was HK$1,029.2 Mil.
Property, Plant and Equipment(Net PPE) was HK$179.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$15.5 Mil.
Selling, General, & Admin. Expense(SGA) was HK$28.9 Mil.
Total Current Liabilities was HK$215.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.8 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)
=(397.816 / 576.387) / (267.734 / 347.268)
=0.690189 / 0.770972
=0.8952

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)
=(76.01 / 347.268) / (126.124 / 576.387)
=0.21888 / 0.218818
=1.0003

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 - (1055.758 + 186.862) / 1384.759) / (1 - (812.449 + 179.086) / 1029.232)
=0.102645 / 0.036626
=2.8025

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
=576.387 / 347.268
=1.6598

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))
=(15.539 / (15.539 + 179.086)) / (15.738 / (15.738 + 186.862))
=0.079841 / 0.07768
=1.0278

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)
=(32.312 / 576.387) / (28.869 / 347.268)
=0.05606 / 0.083132
=0.6743

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)
=((1.086 + 391.728) / 1384.759) / ((2.838 + 215.018) / 1029.232)
=0.28367 / 0.211669
=1.3402

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
=(-198.09 - 0 - -85.638) / 1384.759
=-0.081207

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.

Rokae (Shandong) Robotics Group has a M-score of -1.69 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?
Rokae (Shandong) Robotics Group (HKSE:03752) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rokae (Shandong) Robotics Group and its competitors. According to the industry distribution chart, Rokae (Shandong) Robotics Group ranks #999999 out of 2403 companies in the Hardware industry.
Is Rokae (Shandong) Robotics Group's Beneish M-Score too high?
Rokae (Shandong) Robotics Group's current Beneish M-Score is 0.00. Based on the distribution chart, Rokae (Shandong) Robotics Group ranks #999999 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Rokae (Shandong) Robotics Group has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Rokae (Shandong) Robotics Group's Beneish M-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Rokae (Shandong) Robotics Group ranks #999999 out of 2403 companies for Beneish M-Score. This places Rokae (Shandong) Robotics Group 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Rokae (Shandong) Robotics Group and its competitors. Rokae (Shandong) Robotics Group'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 Rokae (Shandong) Robotics Group stock overvalued right now?
Rokae (Shandong) Robotics Group (HKSE:03752) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Rokae (Shandong) Robotics Group's overall GF Score™ is 7/100 with 2 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 Rokae (Shandong) Robotics Group (HKSE:03752), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

Rokae (Shandong) Robotics Group Business Description

Address No. 888 Huarun Road, Central Electromechanical Industrial Park, Zhongxindian Town, Zoucheng City, Shandong Province, Jining, CHN
Rokae (Shandong) Robotics Group Inc is principally in the design, development, manufacturing, and sale of robotic products and related robotic solutions in the Chinese Mainland and international markets. Its product portfolio includes industrial robots, collaborative robots, embodied intelligent robots, and related robotic solutions. The majority of the company's revenue is derived from the sales of robotic products and the provision of robotic solutions in the Chinese Mainland.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$50.60
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