MCTA (Charming Medical) Beneish M-Score: -1.64 (As of Jul. 28, 2026)

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MCTA Charming Medical Ltd MCTA
29 GF Score
Price $29.36
! 6 Warning Signs
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What is Charming Medical Beneish M-Score?

Charming Medical MCTA -0.15% 29 Beneish M-Score is -1.64 as of Jul. 28, 2026. GuruFocus rates MCTA with a GF Score™ of 29/100. The stock has 6 warning signs investors should review.

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.

Warning Sign:

Beneish M-Score -1.64 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Charming Medical's Beneish M-Score or its related term are showing as below:

MCTA' s Beneish M-Score Range Over the Past 10 Years
Min: -1.64   Med: -1.64   Max: -1.64
Current: -1.64

During the past 3 years, the highest Beneish M-Score of Charming Medical was -1.64. The lowest was -1.64. And the median was -1.64.

Charming Medical Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Charming Medical'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.

Charming Medical Beneish M-Score Chart

Charming Medical Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -1.64

Charming Medical Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 -1.64 0.00

MCTA vs EHAB, CYH, SRTA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Charming Medical'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.

Charming Medical Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Charming Medical's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Charming Medical's Beneish M-Score falls into.


MCTA
29GF Score
Charming Medical Ltd MCTA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Charming Medical 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 Charming Medical 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 * 0.3644+0.528 * 0.9686+0.404 * 2.4203+0.892 * 1.0344+0.115 * 1.672
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9532+4.679 * 0.146751-0.327 * 0.8023
=-1.64

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $0.58 Mil.
Revenue was $6.22 Mil.
Gross Profit was $4.18 Mil.
Total Current Assets was $3.37 Mil.
Total Assets was $5.36 Mil.
Property, Plant and Equipment(Net PPE) was $1.21 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.26 Mil.
Selling, General, & Admin. Expense(SGA) was $2.32 Mil.
Total Current Liabilities was $4.95 Mil.
Long-Term Debt & Capital Lease Obligation was $0.36 Mil.
Net Income was $1.20 Mil.
Gross Profit was $-0.01 Mil.
Cash Flow from Operations was $0.43 Mil.
 Total Receivables was $1.54 Mil.
Revenue was $6.02 Mil.
Gross Profit was $3.91 Mil.
Total Current Assets was $3.67 Mil.
Total Assets was $4.88 Mil.
Property, Plant and Equipment(Net PPE) was $0.92 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.39 Mil.
Selling, General, & Admin. Expense(SGA) was $2.35 Mil.
Total Current Liabilities was $5.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 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)
=(0.579 / 6.222) / (1.536 / 6.015)
=0.093057 / 0.255362
=0.3644

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)
=(3.914 / 6.015) / (4.18 / 6.222)
=0.650707 / 0.67181
=0.9686

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 - (3.367 + 1.211) / 5.356) / (1 - (3.667 + 0.922) / 4.882)
=0.145258 / 0.060016
=2.4203

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
=6.222 / 6.015
=1.0344

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))
=(0.392 / (0.392 + 0.922)) / (0.263 / (0.263 + 1.211))
=0.298326 / 0.178426
=1.672

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)
=(2.317 / 6.222) / (2.35 / 6.015)
=0.372388 / 0.39069
=0.9532

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)
=((0.358 + 4.948) / 5.356) / ((0.148 + 5.88) / 4.882)
=0.990665 / 1.23474
=0.8023

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
=(1.199 - -0.013 - 0.426) / 5.356
=0.146751

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.

Charming Medical has a M-score of -1.64 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 -1.64 mean?
Charming Medical (MCTA) has a Beneish M-Score of -1.64 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Charming Medical and its competitors.
Is Charming Medical's Beneish M-Score too high?
Charming Medical's current Beneish M-Score is -1.64. Overall, Charming Medical has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Charming Medical's Beneish M-Score compare to EHAB and CYH?
Charming Medical's Beneish M-Score of -1.64 can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & 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 Charming Medical and its competitors. Charming Medical's current Beneish M-Score is -1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charming Medical stock overvalued right now?
Charming Medical (MCTA) has a current Beneish M-Score of -1.64. The current Beneish M-Score is -1.64. Charming Medical's overall GF Score™ is 29/100 with 6 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 Charming Medical (MCTA), the current Beneish M-Score is -1.64 as of Jul. 28, 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.

Charming Medical Business Description

Address 2-20 Paterson Street, Causeway Bay, Units 1803-1806, 18th Floor, Hang Lung Centre, Hong Kong, HKG
Charming Medical Ltd is a Hong Kong-based provider of Traditional Chinese Medicine (TCM)-inspired therapies and products. It offers a wide range of beauty, wellness, and postpartum services and products rooted and influenced by the principles and practices of TCM, such as the use of herbal ingredients, acupuncture techniques, Tuina massage, and dietary guidance. Its beauty, wellness, and postpartum services include but are not limited to womb-warming therapy, BTS (Beauty, Tailor-made, Slim) pelvic detox therapy, agarwood moxibustion therapy, TCM-inspired prenatal massage, and Indonesian traditional abdominal binding.
29GF Score

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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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