Asiya Capital Investments Company KSCP (KUW:ASIYA) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


What is Asiya Capital Investments Company KSCP Beneish M-Score?

Asiya Capital Investments Company KSCP KUW:ASIYA -0.24% Beneish M-Score is 0.00 as of Jun. 25, 2026. The stock has 1 warning sign investors should review. Among 955 Asset Management companies, Asiya Capital Investments Company KSCP ranks worse than 104711.94% on this metric.

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 Asiya Capital Investments Company KSCP's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Asiya Capital Investments Company KSCP was 0.00. The lowest was 0.00. And the median was 0.00.

Asiya Capital Investments Company KSCP 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 Asiya Capital Investments Company KSCP 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was KWD0.00 Mil.
Revenue was -8.102 + -12.085 + -2.359 + 9.281 = KWD-13.27 Mil.
Gross Profit was -8.102 + -12.085 + -2.359 + 9.281 = KWD-13.27 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD48.79 Mil.
Property, Plant and Equipment(Net PPE) was KWD0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.02 Mil.
Selling, General, & Admin. Expense(SGA) was KWD0.30 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.
Net Income was -8.26 + -12.267 + -2.474 + 9.068 = KWD-13.93 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = KWD0.00 Mil.
Cash Flow from Operations was -0.067 + 0.016 + 0.131 + -0.142 = KWD-0.06 Mil.
 Total Receivables was KWD0.00 Mil.
Revenue was -7.579 + -4.837 + 0.527 + -0.912 = KWD-12.80 Mil.
Gross Profit was -7.579 + -4.837 + 0.527 + -0.912 = KWD-12.80 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD62.87 Mil.
Property, Plant and Equipment(Net PPE) was KWD0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.02 Mil.
Selling, General, & Admin. Expense(SGA) was KWD0.34 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD0.00 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 / -13.265) / (0 / -12.801)
= /
=

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)
=(-12.801 / -12.801) / (-13.265 / -13.265)
= /
=

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 + 0) / 48.787) / (1 - (0 + 0) / 62.869)
=1 / 1
=

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
=-13.265 / -12.801
=

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))
=(0.02 / (0.02 + 0)) / (0.021 / (0.021 + 0))
=1 / 1
=

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)
=(0.301 / -13.265) / (0.344 / -12.801)
= /
=

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)
=((0 + 0) / 48.787) / ((0 + 0) / 62.869)
=0 / 0
=

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
=(-13.933 - 0 - -0.062) / 48.787
=-0.284318

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?
Asiya Capital Investments Company KSCP (KUW:ASIYA) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Asiya Capital Investments Company KSCP and its competitors. According to the industry distribution chart, Asiya Capital Investments Company KSCP ranks #999999 out of 955 companies in the Asset Management industry.
Is Asiya Capital Investments Company KSCP's Beneish M-Score too high?
Asiya Capital Investments Company KSCP's current Beneish M-Score is 0.00. Based on the distribution chart, Asiya Capital Investments Company KSCP ranks #999999 out of 955 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does Asiya Capital Investments Company KSCP's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Asiya Capital Investments Company KSCP ranks #999999 out of 955 companies for Beneish M-Score. This places Asiya Capital Investments Company KSCP 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 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 Asiya Capital Investments Company KSCP and its competitors. Asiya Capital Investments Company KSCP'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 Asiya Capital Investments Company KSCP stock overvalued right now?
Asiya Capital Investments Company KSCP (KUW:ASIYA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Asiya Capital Investments Company KSCP (KUW:ASIYA), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Asiya Capital Investments Company KSCP Business Description

Address Khalid Bin Al Waleed Street, Kipco Tower, 29nd Floor, P.O. Box 26106, Sharq, Kuwait City, KWT, 13122
Asiya Capital Investments Company KSCP is a specialized investment firm. Its product portfolio includes private equity and direct investments, providing access to long-term capital and advisory support; and real estate investments, which involve direct property purchases or investments in real estate funds. The company's geographic segments include Kuwait, India, Pan Asia, and the Cayman Islands.