Shiyue Daotian Group Co (HKSE:09676) Beneish M-Score: -1.99 (As of Aug. 17, 2026)

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HKSE:09676 Shiyue Daotian Group Co Ltd HKSE:09676
42 GF Score
Price HK$4.32
! 3 Warning Signs
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What is Shiyue Daotian Group Co Beneish M-Score?

Shiyue Daotian Group Co HKSE:09676 +3.10% 42 Beneish M-Score is -1.99 as of Aug. 17, 2026. GuruFocus rates HKSE:09676 with a GF Score™ of 42/100. The stock has 3 warning signs investors should review. Among 1,858 Consumer Packaged Goods companies, Shiyue Daotian Group Co ranks worse than 78.42% 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.

Good Sign:

Beneish M-Score -1.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Shiyue Daotian Group Co's Beneish M-Score or its related term are showing as below:

HKSE:09676' s Beneish M-Score Range Over the Past 10 Years
Min: -4.93   Med: -2.25   Max: -1.26
Current: -1.99

During the past 6 years, the highest Beneish M-Score of Shiyue Daotian Group Co was -1.26. The lowest was -4.93. And the median was -2.25.

Shiyue Daotian Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Shiyue Daotian Group Co'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.

Shiyue Daotian Group Co Beneish M-Score Chart

Shiyue Daotian Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -4.93 -2.50 -1.26 -1.99

Shiyue Daotian Group Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only -2.50 0.00 -1.26 0.00 -1.99

HKSE:09676 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Shiyue Daotian Group Co'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.

Shiyue Daotian Group Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiyue Daotian Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Shiyue Daotian Group Co's Beneish M-Score falls into.


HKSE:09676
42GF Score
Shiyue Daotian Group Co Ltd HKSE:09676
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shiyue Daotian Group 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 Shiyue Daotian Group 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 * 1.0384+0.528 * 0.8928+0.404 * 0.7498+0.892 * 1.2264+0.115 * 0.9288
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0078+4.679 * 0.104369-0.327 * 1.2134
=-1.99

* 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$556 Mil.
Revenue was HK$7,523 Mil.
Gross Profit was HK$1,495 Mil.
Total Current Assets was HK$3,643 Mil.
Total Assets was HK$5,819 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,423 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$155 Mil.
Selling, General, & Admin. Expense(SGA) was HK$874 Mil.
Total Current Liabilities was HK$1,525 Mil.
Long-Term Debt & Capital Lease Obligation was HK$22 Mil.
Net Income was HK$473 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$-134 Mil.
 Total Receivables was HK$436 Mil.
Revenue was HK$6,134 Mil.
Gross Profit was HK$1,088 Mil.
Total Current Assets was HK$2,864 Mil.
Total Assets was HK$4,926 Mil.
Property, Plant and Equipment(Net PPE) was HK$1,212 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$122 Mil.
Selling, General, & Admin. Expense(SGA) was HK$707 Mil.
Total Current Liabilities was HK$1,047 Mil.
Long-Term Debt & Capital Lease Obligation was HK$33 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)
=(555.819 / 7523.144) / (436.427 / 6134.112)
=0.073881 / 0.071148
=1.0384

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)
=(1088.355 / 6134.112) / (1495.015 / 7523.144)
=0.177427 / 0.198722
=0.8928

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 - (3643.225 + 1422.97) / 5818.66) / (1 - (2864.413 + 1212.077) / 4926.045)
=0.129319 / 0.172462
=0.7498

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
=7523.144 / 6134.112
=1.2264

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))
=(121.527 / (121.527 + 1212.077)) / (154.794 / (154.794 + 1422.97))
=0.091127 / 0.09811
=0.9288

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)
=(873.707 / 7523.144) / (706.861 / 6134.112)
=0.116136 / 0.115234
=1.0078

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)
=((22.484 + 1524.748) / 5818.66) / ((32.835 + 1046.642) / 4926.045)
=0.265909 / 0.219137
=1.2134

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
=(473.141 - 0 - -134.148) / 5818.66
=0.104369

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.

Shiyue Daotian Group Co has a M-score of -1.99 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 -1.99 mean?
Shiyue Daotian Group Co (HKSE:09676) has a Beneish M-Score of -1.99 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shiyue Daotian Group Co and its competitors. According to the industry distribution chart, Shiyue Daotian Group Co ranks #1457 out of 1858 companies in the Consumer Packaged Goods industry, placing it in the top 78.4%.
Is Shiyue Daotian Group Co's Beneish M-Score too high?
Shiyue Daotian Group Co's current Beneish M-Score is -1.99. Based on the distribution chart, Shiyue Daotian Group Co ranks #1457 out of 1858 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Shiyue Daotian Group Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Shiyue Daotian Group Co's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shiyue Daotian Group Co ranks #1457 out of 1858 companies for Beneish M-Score. This places Shiyue Daotian Group Co 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Shiyue Daotian Group Co and its competitors. Shiyue Daotian Group Co's current Beneish M-Score is -1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiyue Daotian Group Co stock overvalued right now?
Shiyue Daotian Group Co (HKSE:09676) has a current Beneish M-Score of -1.99. The current Beneish M-Score is -1.99. Shiyue Daotian Group Co's overall GF Score™ is 42/100 with 3 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 Shiyue Daotian Group Co (HKSE:09676), the current Beneish M-Score is -1.99 as of Aug. 17, 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.

Shiyue Daotian Group Co Business Description

Address Yisha Wenxin Plaza, 2nd Floor, Building A, October Rice Field, Chaoyang, Beijing, CHN
Shiyue Daotian Group Co Ltd is a Chinese pantry staple food company that offers pre-packaged rice, corn, whole grains, beans, and dried food products. The company has four main segments which include Rice Products engaged in producing pre-packaged rice products of different varieties; Corn products segment produces pre-packaged corn products; Whole Grain, Bean, and Other Products segment produces packaged mixes of brown rice, millet, red beans, sesame, and more; and Dried Food and Other Products segment handles packaged dried mushrooms, lotus seeds, and related by-products such as bran, husk, and fractioned rice.
42GF 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$4.32
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