Al Kamil Power CoOG (MUS:KPCS) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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Al Kamil Power Co SAOG MUS:KPCS

35 GF Score

Price ر.ع0.18

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What is Al Kamil Power CoOG Beneish M-Score?

Al Kamil Power CoOG MUS:KPCS 35 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates MUS:KPCS with a GF Score™ of 35/100.

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 Al Kamil Power CoOG's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Al Kamil Power CoOG was 0.00. The lowest was 0.00. And the median was 0.00.

Al Kamil Power CoOG Beneish M-Score Related Terms

Al Kamil Power CoOG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Al Kamil Power CoOG'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.

Al Kamil Power CoOG Beneish M-Score Chart

Al Kamil Power CoOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

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-3.22

-2.20

-1.97

0.00

Al Kamil Power CoOG Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

Al Kamil Power CoOG Beneish M-Score Competitor Comparison

For the Utilities - Independent Power Producers subindustry, Al Kamil Power CoOG'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.

Al Kamil Power CoOG Beneish M-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Al Kamil Power CoOG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Al Kamil Power CoOG's Beneish M-Score falls into.

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35GF Score

Al Kamil Power Co SAOG MUS:KPCS

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Al Kamil Power CoOG 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 Al Kamil Power CoOG for today is based on a combination of the following eight different indices:

-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 *

This Year (Dec21) TTM:

Last Year (Dec20) TTM:

Total Receivables was ر.ع1.88 Mil.
Revenue was 1.467 + 2.683 + 1.756 + 1.456 = ر.ع7.36 Mil.
Gross Profit was 0.435 + 0.294 + 0.715 + 0.498 = ر.ع1.94 Mil.
Total Current Assets was ر.ع8.28 Mil.
Total Assets was ر.ع8.28 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع1.66 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.13 Mil.
Total Current Liabilities was ر.ع3.62 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.00 Mil.
Net Income was -0.047 + -15.606 + 0.543 + 0.343 = ر.ع-14.77 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ر.ع0.00 Mil.
Cash Flow from Operations was 0.7 + 1.363 + 0.57 + 1.134 = ر.ع3.77 Mil.

Total Receivables was ر.ع0.93 Mil.
Revenue was 1.465 + 1.862 + 1.732 + 1.456 = ر.ع6.52 Mil.
Gross Profit was 0.183 + 0.934 + 0.812 + 0.581 = ر.ع2.51 Mil.
Total Current Assets was ر.ع2.83 Mil.
Total Assets was ر.ع22.34 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع19.51 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع1.65 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.08 Mil.
Total Current Liabilities was ر.ع0.79 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.09 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)
	=	(1.875 / 7.362)	/	(0.93 / 6.515)
	=	0.254686	/	0.142748
	=

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)
	=	(2.51 / 6.515)	/	(1.942 / 7.362)
	=	0.385265	/	0.263787
	=

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 - (8.28 + 0) / 8.28)	/	(1 - (2.834 + 19.505) / 22.339)
	=	0	/	0
	=

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
	=	7.362	/	6.515
	=

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))
	=	(1.65 / (1.65 + 19.505))	/	(1.658 / (1.658 + 0))
	=	0.077996	/	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)
	=	(0.131 / 7.362)	/	(0.083 / 6.515)
	=	0.017794	/	0.01274
	=

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 + 3.621) / 8.28)	/	((0.085 + 0.793) / 22.339)
	=	0.437319	/	0.039303
	=

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
	=	(-14.767 - 0	-	3.767)	/	8.28
	=	-2.238406

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?

Al Kamil Power CoOG (MUS:KPCS) 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 Al Kamil Power CoOG and its competitors.

Is Al Kamil Power CoOG's Beneish M-Score too high?

Al Kamil Power CoOG's current Beneish M-Score is 0.00. Overall, Al Kamil Power CoOG has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.

How does Al Kamil Power CoOG's Beneish M-Score compare to competitors?

Al Kamil Power CoOG's Beneish M-Score of 0.00 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?

A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Al Kamil Power CoOG and its competitors. Al Kamil Power CoOG'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 Al Kamil Power CoOG stock overvalued right now?

Al Kamil Power CoOG (MUS:KPCS) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Al Kamil Power CoOG's overall GF Score™ is 35/100. 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 Al Kamil Power CoOG (MUS:KPCS), 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.

Al Kamil Power CoOG Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies MIC:TGKB KAR:EPQL KAR:SPWL PHS:PERC KAR:ALTN OSL:NSOL MUS:DGEN WAR:IRL XSGO:ENLASA KAR:NPL

Address P.O.Box 1360, Ruwi, OMN, 112

Website http://www.alkamilpower.com

Al Kamil Power Co SAOG is engaged in power generation and supplying of electricity into the North Oman Transmission Grid. It operates only in one business segment, namely, power generation. Natural gas is supplied by pipeline from the Saih Rawl gas field that also supplies gas to major industries in Sur. The natural gas is received at the plant, mixed with air and burned in the gas turbines to produce power.

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