RAHGF (Roan Holdings Group Co) Beneish M-Score: 0.00 (As of Jul. 30, 2026)

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RAHGF Roan Holdings Group Co Ltd RAHGF
16 GF Score
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What is Roan Holdings Group Co Beneish M-Score?

Roan Holdings Group Co RAHGF 16 Beneish M-Score is 0.00 as of Jul. 30, 2026. GuruFocus rates RAHGF with a GF Score™ of 16/100.

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 Roan Holdings Group Co's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Roan Holdings Group Co was 0.00. The lowest was 0.00. And the median was 0.00.

RAHGF
16GF Score
Roan Holdings Group Co Ltd RAHGF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Roan Holdings Group Co 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 Roan Holdings Group Co 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 (Dec22) TTM:Last Year (Dec21) TTM:
Total Receivables was $8.40 Mil.
Revenue was $4.46 Mil.
Gross Profit was $4.46 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $56.73 Mil.
Property, Plant and Equipment(Net PPE) was $0.12 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.92 Mil.
Selling, General, & Admin. Expense(SGA) was $1.27 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Net Income was $-0.35 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $0.62 Mil.
 Total Receivables was $7.59 Mil.
Revenue was $3.60 Mil.
Gross Profit was $3.60 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $66.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.99 Mil.
Selling, General, & Admin. Expense(SGA) was $1.06 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(8.399 / 4.463) / (7.592 / 3.604)
=1.881918 / 2.106548
=

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)
=(3.604 / 3.604) / (4.463 / 4.463)
=1 / 1
=

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 + 0.123) / 56.733) / (1 - (0 + 0.114) / 66.643)
=0.997832 / 0.998289
=

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
=4.463 / 3.604
=

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))
=(0.986 / (0.986 + 0.114)) / (0.921 / (0.921 + 0.123))
=0.896364 / 0.882184
=

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)
=(1.273 / 4.463) / (1.055 / 3.604)
=0.285234 / 0.29273
=

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)
=((0.03 + 0) / 56.733) / ((0 + 0) / 66.643)
=0.000529 / 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
=(-0.352 - 0 - 0.62) / 56.733
=-0.017133

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?
Roan Holdings Group Co (RAHGF) has a Beneish M-Score of 0.00 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Roan Holdings Group Co and its competitors.
Is Roan Holdings Group Co's Beneish M-Score too high?
Roan Holdings Group Co's current Beneish M-Score is 0.00. Overall, Roan Holdings Group Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Roan Holdings Group Co's Beneish M-Score compare to NECAD and BWMY?
Roan Holdings Group Co's Beneish M-Score of 0.00 can be compared against companies in the Credit 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 Credit Services company?
A good Beneish M-Score depends on the Credit 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 Roan Holdings Group Co and its competitors. Roan Holdings Group Co'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 Roan Holdings Group Co stock overvalued right now?
Roan Holdings Group Co (RAHGF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Roan Holdings Group Co's overall GF Score™ is 16/100. 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 Roan Holdings Group Co (RAHGF), the current Beneish M-Score is 0.00 as of Jul. 30, 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.

Roan Holdings Group Co Business Description

Address 5 Bailiantan Road, No. 1 Building, Yuhang District, Zhejiang, Hangzhou, CHN
Roan Holdings Group Co Ltd functions in the financial services domain in the People's Republic of China. In association with its subsidiaries, it conducts the business of offering loans to various sectors such as supply chain finance, manufacturing, real estate, mineral, and energy. Its service offering includes Direct Lending Services, Financial Consulting Services, and Financial Leasing. It has two operating business lines, including business conducted by Adrie and its subsidiaries, management and assessment services and factoring business, and business conducted by Lixin Cayman and its subsidiaries, financial guarantee and consulting services.
16GF Score

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