Oman Chlorine CoOG (MUS:OCHL) Beneish M-Score: 0.00 (As of Jun. 28, 2026)


What is Oman Chlorine CoOG Beneish M-Score?

Oman Chlorine CoOG MUS:OCHL Beneish M-Score is 0.00 as of Jun. 28, 2026.

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 Oman Chlorine CoOG's Beneish M-Score or its related term are showing as below:

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

Oman Chlorine CoOG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Oman Chlorine 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.

Oman Chlorine CoOG Beneish M-Score Chart

Oman Chlorine CoOG Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.30 -3.34 -2.58 -2.10 11.68

Oman Chlorine CoOG Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Dec18
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 -1.95 -2.32 -2.10 1.52 11.68

Oman Chlorine CoOG Beneish M-Score Competitor Comparison

For the Chemicals subindustry, Oman Chlorine 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.

Oman Chlorine CoOG Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Oman Chlorine CoOG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Oman Chlorine CoOG's Beneish M-Score falls into.


Oman Chlorine 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 Oman Chlorine CoOG 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 * 1.1652+0.528 * 1.372+0.404 * 35.2851+0.892 * 1.0681+0.115 * 0.4266
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.0824+4.679 * -0.027306-0.327 * 1.0811
=11.72

* 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 (Dec18) TTM:Last Year (Jun17) TTM:
Total Receivables was ر.ع3.46 Mil.
Revenue was 0 + 3.039 + 2.858 + 1.715 = ر.ع7.61 Mil.
Gross Profit was 0 + 1.257 + 1.17 + 0.665 = ر.ع3.09 Mil.
Total Current Assets was ر.ع11.71 Mil.
Total Assets was ر.ع89.47 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع74.68 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع1.15 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.06 Mil.
Total Current Liabilities was ر.ع11.32 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع42.33 Mil.
Net Income was 0 + 0.287 + 0.188 + 0.219 = ر.ع0.69 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ر.ع0.00 Mil.
Cash Flow from Operations was 0 + 1.742 + 1.078 + 0.317 = ر.ع3.14 Mil.
 Total Receivables was ر.ع2.78 Mil.
Revenue was 1.513 + 1.899 + 1.856 + 1.859 = ر.ع7.13 Mil.
Gross Profit was 0.796 + 0.971 + 1.104 + 1.101 = ر.ع3.97 Mil.
Total Current Assets was ر.ع9.18 Mil.
Total Assets was ر.ع75.88 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع66.63 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.44 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.63 Mil.
Total Current Liabilities was ر.ع11.87 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع30.22 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)
=(3.456 / 7.612) / (2.777 / 7.127)
=0.45402 / 0.389645
=1.1652

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)
=(3.972 / 7.127) / (3.092 / 7.612)
=0.557317 / 0.406201
=1.372

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 - (11.708 + 74.683) / 89.469) / (1 - (9.176 + 66.634) / 75.884)
=0.034403 / 0.000975
=35.2851

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
=7.612 / 7.127
=1.0681

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))
=(0.435 / (0.435 + 66.634)) / (1.153 / (1.153 + 74.683))
=0.006486 / 0.015204
=0.4266

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)
=(0.055 / 7.612) / (0.625 / 7.127)
=0.007225 / 0.087695
=0.0824

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)
=((42.325 + 11.32) / 89.469) / ((30.222 + 11.865) / 75.884)
=0.599593 / 0.554623
=1.0811

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
=(0.694 - 0 - 3.137) / 89.469
=-0.027306

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.

Oman Chlorine CoOG has a M-score of 11.72 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?
Oman Chlorine CoOG (MUS:OCHL) has a Beneish M-Score of 0.00 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oman Chlorine CoOG and its competitors.
Is Oman Chlorine CoOG's Beneish M-Score too high?
Oman Chlorine CoOG's current Beneish M-Score is 0.00.
How does Oman Chlorine CoOG's Beneish M-Score compare to competitors?
Oman Chlorine CoOG's Beneish M-Score of 0.00 can be compared against companies in the Chemicals 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Oman Chlorine CoOG and its competitors. Oman Chlorine 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 Oman Chlorine CoOG stock overvalued right now?
Oman Chlorine CoOG (MUS:OCHL) 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 Oman Chlorine CoOG (MUS:OCHL), the current Beneish M-Score is 0.00 as of Jun. 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.

Oman Chlorine CoOG Business Description

Address Al Bashaar Street, Bldg No. 708, Way No. 2114, Madinat Sulatan Qaboos, Muscat, OMN
Oman Chlorine Co SAOG manufactures and sells industrial chemicals. The company focuses on manufacturing Hydrochloric Acid, Caustic Lye, Calcium Chloride, and Sodium Hypochlorite. Hydrochloric acid is mainly supplied to oil producers in the Gulf market. The caustic is used in desalination plants and refineries. Sodium Hypochlorite is used mainly in water treatment applications. Calcium Chloride is used in establishing and maintaining oil and gas wells. The company generates the majority of its revenue from Oman. The firm also exports its products to the United Arab Emirates and Saudi Arabia.