MULG (Muliang Viagoo Technology) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


MULG Muliang Viagoo Technology Inc MULG
12 GF Score
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What is Muliang Viagoo Technology Beneish M-Score?

Muliang Viagoo Technology MULG 12 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates MULG with a GF Score™ of 12/100.

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 Muliang Viagoo Technology's Beneish M-Score or its related term are showing as below:

During the past 10 years, the highest Beneish M-Score of Muliang Viagoo Technology was 0.00. The lowest was 0.00. And the median was 0.00.

Muliang Viagoo Technology Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Muliang Viagoo Technology'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.

Muliang Viagoo Technology Beneish M-Score Chart

Muliang Viagoo Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.38 4.99 -3.32 -1.02 -1.70

Muliang Viagoo Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.02 -1.32 -1.40 -1.68 -1.70

MULG vs BHIL, CGA, PUBC: Beneish M-Score Comparison

For the Agricultural Inputs subindustry, Muliang Viagoo Technology'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.

Muliang Viagoo Technology Beneish M-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Muliang Viagoo Technology's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Muliang Viagoo Technology's Beneish M-Score falls into.


MULG
12GF Score
Muliang Viagoo Technology Inc MULG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Muliang Viagoo Technology 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 Muliang Viagoo Technology 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 * 1.0746+0.528 * 1.1128+0.404 * 1.2989+0.892 * 0.7833+0.115 * 0.6891
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7709+4.679 * 0.12522-0.327 * 0.5935
=-1.70

* 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 $11.16 Mil.
Revenue was 1.953 + 3.837 + 1.488 + 1.378 = $8.66 Mil.
Gross Profit was 0.388 + 1.515 + 0.858 + 0.542 = $3.30 Mil.
Total Current Assets was $14.55 Mil.
Total Assets was $22.15 Mil.
Property, Plant and Equipment(Net PPE) was $5.31 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.88 Mil.
Selling, General, & Admin. Expense(SGA) was $0.43 Mil.
Total Current Liabilities was $4.84 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Net Income was 0.348 + 0.715 + 0.38 + 0.396 = $1.84 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.619 + -0.065 + -0.123 + -0.127 = $-0.93 Mil.
 Total Receivables was $13.25 Mil.
Revenue was 4.544 + 3.467 + 1.494 + 1.545 = $11.05 Mil.
Gross Profit was 1.865 + 1.469 + 0.684 + 0.674 = $4.69 Mil.
Total Current Assets was $17.34 Mil.
Total Assets was $25.09 Mil.
Property, Plant and Equipment(Net PPE) was $5.76 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.63 Mil.
Selling, General, & Admin. Expense(SGA) was $0.72 Mil.
Total Current Liabilities was $9.22 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 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)
=(11.156 / 8.656) / (13.253 / 11.05)
=1.288817 / 1.199367
=1.0746

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)
=(4.692 / 11.05) / (3.303 / 8.656)
=0.424615 / 0.381585
=1.1128

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 - (14.548 + 5.31) / 22.145) / (1 - (17.335 + 5.761) / 25.091)
=0.103274 / 0.079511
=1.2989

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
=8.656 / 11.05
=0.7833

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))
=(0.627 / (0.627 + 5.761)) / (0.882 / (0.882 + 5.31))
=0.098153 / 0.142442
=0.6891

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)
=(0.433 / 8.656) / (0.717 / 11.05)
=0.050023 / 0.064887
=0.7709

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)
=((0.023 + 4.843) / 22.145) / ((0.068 + 9.222) / 25.091)
=0.219734 / 0.370252
=0.5935

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
=(1.839 - 0 - -0.934) / 22.145
=0.12522

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.

Muliang Viagoo Technology has a M-score of -1.70 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?
Muliang Viagoo Technology (MULG) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Muliang Viagoo Technology and its competitors.
Is Muliang Viagoo Technology's Beneish M-Score too high?
Muliang Viagoo Technology's current Beneish M-Score is 0.00. Overall, Muliang Viagoo Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Muliang Viagoo Technology's Beneish M-Score compare to BHIL and CGA?
Muliang Viagoo Technology's Beneish M-Score of 0.00 can be compared against companies in the Agriculture 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 Agriculture company?
A good Beneish M-Score depends on the Agriculture 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 Muliang Viagoo Technology and its competitors. Muliang Viagoo Technology'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 Muliang Viagoo Technology stock overvalued right now?
Muliang Viagoo Technology (MULG) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Muliang Viagoo Technology's overall GF Score™ is 12/100. 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 Muliang Viagoo Technology (MULG), the current Beneish M-Score is 0.00 as of Jul. 04, 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.

Muliang Viagoo Technology Business Description

Address 2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501
Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. Organic fertilizer products are sold under the VIE and its subsidiaries' brand names Zongbao, Fukang, and Muliang. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China. The company gains maximum of its revenue from China.
12GF 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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