RHLD (Resolute Holdings Management) Beneish M-Score: 11.18 (As of Jun. 26, 2026) — Near Median


RHLD Resolute Holdings Management Inc RHLD
13 GF Score
Price $125.06
! 6 Warning Signs
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What is Resolute Holdings Management Beneish M-Score?

Resolute Holdings Management RHLD +2.17% 13 Beneish M-Score is 11.18 as of Jun. 26, 2026, which is at its 10-year median of 11.18. GuruFocus rates RHLD with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 1,020 Business Services companies, Resolute Holdings Management ranks worse than 99.02% on this metric.

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 11.18 higher than -1.78, which implies that the company might have manipulated its financial results.

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

RHLD' s Beneish M-Score Range Over the Past 10 Years
Min: 11.18   Med: 11.18   Max: 11.18
Current: 11.18

During the past 2 years, the highest Beneish M-Score of Resolute Holdings Management was 11.18. The lowest was 11.18. And the median was 11.18.


Resolute Holdings Management Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Resolute Holdings Management'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.

Resolute Holdings Management Beneish M-Score Chart

Resolute Holdings Management Annual Data
Trend Dec24 Dec25
Beneish M-Score
0.00 0.00

Resolute Holdings Management Quarterly Data
Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 11.18

RHLD vs KODK, LZ, SPIR: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Resolute Holdings Management'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.


Resolute Holdings Management Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Resolute Holdings Management's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Resolute Holdings Management's Beneish M-Score falls into.


RHLD
13GF Score
Resolute Holdings Management Inc RHLD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Resolute Holdings Management 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 Resolute Holdings Management 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 * 2.4356+0.528 * 0.7805+0.404 * 27.3358+0.892 * 2.3966+0.115 * 2.1016
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.0434+4.679 * 0.016679-0.327 * 0.4003
=11.18

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $316.3 Mil.
Revenue was 407.8 + 117.709 + 120.865 + 119.592 = $766.0 Mil.
Gross Profit was 155.6 + 65.538 + 71.327 + 68.8 = $361.3 Mil.
Total Current Assets was $937.5 Mil.
Total Assets was $6,215.0 Mil.
Property, Plant and Equipment(Net PPE) was $557.9 Mil.
Depreciation, Depletion and Amortization(DDA) was $66.4 Mil.
Selling, General, & Admin. Expense(SGA) was $250.6 Mil.
Total Current Liabilities was $588.6 Mil.
Long-Term Debt & Capital Lease Obligation was $2,178.3 Mil.
Net Income was 61.5 + -1.715 + -0.231 + -0.611 = $58.9 Mil.
Non Operating Income was -105.6 + 0 + 0 + 0 = $-105.6 Mil.
Cash Flow from Operations was -116.8 + 69.207 + 59.591 + 48.888 = $60.9 Mil.
Total Receivables was $54.2 Mil.
Revenue was 103.9 + 0 + 107.135 + 108.567 = $319.6 Mil.
Gross Profit was 54.5 + -48.325 + 55.408 + 56.072 = $117.7 Mil.
Total Current Assets was $176.2 Mil.
Total Assets was $214.3 Mil.
Property, Plant and Equipment(Net PPE) was $32.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $9.3 Mil.
Selling, General, & Admin. Expense(SGA) was $2,407.7 Mil.
Total Current Liabilities was $48.8 Mil.
Long-Term Debt & Capital Lease Obligation was $189.5 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)
=(316.3 / 765.966) / (54.188 / 319.602)
=0.412943 / 0.169548
=2.4356

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)
=(117.655 / 319.602) / (361.265 / 765.966)
=0.36813 / 0.471646
=0.7805

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 - (937.5 + 557.9) / 6215) / (1 - (176.18 + 32.155) / 214.288)
=0.759389 / 0.02778
=27.3358

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
=765.966 / 319.602
=2.3966

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))
=(9.253 / (9.253 + 32.155)) / (66.377 / (66.377 + 557.9))
=0.223459 / 0.106326
=2.1016

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)
=(250.627 / 765.966) / (2407.714 / 319.602)
=0.327204 / 7.533476
=0.0434

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)
=((2178.3 + 588.6) / 6215) / ((189.475 + 48.819) / 214.288)
=0.445197 / 1.112027
=0.4003

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
=(58.943 - -105.6 - 60.886) / 6215
=0.016679

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.

Resolute Holdings Management has a M-score of 11.18 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 11.18 mean?
Resolute Holdings Management (RHLD) has a Beneish M-Score of 11.18 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Resolute Holdings Management and its competitors. This is near median its historical median of 11.18. Over the past decade, Resolute Holdings Management's Beneish M-Score has ranged from 11.18 to 11.18. According to the industry distribution chart, Resolute Holdings Management ranks #1010 out of 1020 companies in the Business Services industry, placing it in the top 99%.
Is Resolute Holdings Management's Beneish M-Score too high?
Resolute Holdings Management's current Beneish M-Score of 11.18 is near median its 10-year median of 11.18. Over the past 10 years, this metric has ranged from a low of 11.18 to a high of 11.18. Based on the distribution chart, Resolute Holdings Management ranks #1010 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Resolute Holdings Management has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Resolute Holdings Management's Beneish M-Score compare to KODK and LZ?
According to the Business Services industry distribution chart, Resolute Holdings Management ranks #1010 out of 1020 companies for Beneish M-Score. This places Resolute Holdings Management in the lower half of its industry. Historically, Resolute Holdings Management's own Beneish M-Score has ranged from 11.18 to 11.18 over the past decade. 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Resolute Holdings Management and its competitors. Resolute Holdings Management's current Beneish M-Score is 11.18, which is near median its own 10-year median of 11.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resolute Holdings Management stock overvalued right now?
Resolute Holdings Management (RHLD) has a current Beneish M-Score of 11.18. The current Beneish M-Score is 11.18, which is near median its 10-year median of 11.18. Resolute Holdings Management's overall GF Score™ is 13/100 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 Resolute Holdings Management (RHLD), the current Beneish M-Score is 11.18 as of Jun. 26, 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.

Resolute Holdings Management Business Description

Address 445 Park Avenue, Suite 5B, New York, NY, USA, 10022
Resolute Holdings Management Inc provides operating management services. The company generates recurring, long-duration management fees. It applies a differentiated approach of value creation through the systematic deployment of the Resolute Operating System (ROS) to drive performance at businesses it manages with the intention of creating value at both the underlying managed businesses. The company is managed and operated as two segments given each of Resolute Holdings and GPGI Holdings.
13GF Score

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