Tailyn Technologies (ROCO:5353) Beneish M-Score: -2.44 (As of Jul. 24, 2026)

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ROCO:5353 Tailyn Technologies Inc ROCO:5353
91 GF Score
Price NT$28.00
GF Value NT$31.43
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tailyn Technologies Beneish M-Score?

Tailyn Technologies ROCO:5353 -0.71% 91 Beneish M-Score is -2.44 as of Jul. 24, 2026. GuruFocus rates ROCO:5353 with a GF Score™ of 91/100 and a GF Value™ of NT$31.43 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,405 Hardware companies, Tailyn Technologies ranks worse than 51.98% 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.

Good Sign:

Beneish M-Score -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROCO:5353' s Beneish M-Score Range Over the Past 10 Years
Min: -3.08   Med: -2.46   Max: -1.97
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Tailyn Technologies was -1.97. The lowest was -3.08. And the median was -2.46.


Tailyn Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Tailyn Technologies'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.

Tailyn Technologies Beneish M-Score Chart

Tailyn Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.97 -2.16 -3.01 -2.60 -2.44

Tailyn Technologies Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -2.60 -2.72 -2.71 -2.58 -2.44

ROCO:5353 vs CSCO, CIEN, MSI: Beneish M-Score Comparison

For the Communication Equipment subindustry, Tailyn Technologies'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.


Tailyn Technologies Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Tailyn Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Tailyn Technologies's Beneish M-Score falls into.


ROCO:5353
91GF Score
Tailyn Technologies Inc ROCO:5353
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tailyn Technologies 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 Tailyn Technologies 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 * 1.0373+0.528 * 1.0852+0.404 * 1.4115+0.892 * 0.9823+0.115 * 0.919
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9178+4.679 * -0.050325-0.327 * 0.89
=-2.44

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NT$327 Mil.
Revenue was 482.997 + 469.476 + 433.862 + 444.829 = NT$1,831 Mil.
Gross Profit was 117.17 + 112.185 + 93.611 + 110.144 = NT$433 Mil.
Total Current Assets was NT$1,291 Mil.
Total Assets was NT$2,042 Mil.
Property, Plant and Equipment(Net PPE) was NT$448 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$80 Mil.
Selling, General, & Admin. Expense(SGA) was NT$213 Mil.
Total Current Liabilities was NT$540 Mil.
Long-Term Debt & Capital Lease Obligation was NT$3 Mil.
Net Income was 28.15 + 37.707 + -2.084 + 39.71 = NT$103 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 80.221 + 59.884 + 17.437 + 48.711 = NT$206 Mil.
Total Receivables was NT$320 Mil.
Revenue was 433.994 + 504.835 + 441.054 + 484.217 = NT$1,864 Mil.
Gross Profit was 114.951 + 136.402 + 117.744 + 109.375 = NT$478 Mil.
Total Current Assets was NT$1,389 Mil.
Total Assets was NT$2,098 Mil.
Property, Plant and Equipment(Net PPE) was NT$489 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$79 Mil.
Selling, General, & Admin. Expense(SGA) was NT$237 Mil.
Total Current Liabilities was NT$620 Mil.
Long-Term Debt & Capital Lease Obligation was NT$7 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)
=(326.526 / 1831.164) / (320.462 / 1864.1)
=0.178316 / 0.171912
=1.0373

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)
=(478.472 / 1864.1) / (433.11 / 1831.164)
=0.256677 / 0.236522
=1.0852

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 - (1291.114 + 448.491) / 2042.144) / (1 - (1388.799 + 488.889) / 2097.871)
=0.148148 / 0.104955
=1.4115

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
=1831.164 / 1864.1
=0.9823

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))
=(78.562 / (78.562 + 488.889)) / (79.544 / (79.544 + 448.491))
=0.138447 / 0.150642
=0.919

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)
=(213.475 / 1831.164) / (236.781 / 1864.1)
=0.116579 / 0.127022
=0.9178

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)
=((3.158 + 540.374) / 2042.144) / ((7.051 + 620.331) / 2097.871)
=0.266158 / 0.299057
=0.89

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
=(103.483 - 0 - 206.253) / 2042.144
=-0.050325

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.

Tailyn Technologies has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.44 mean?
Tailyn Technologies (ROCO:5353) has a Beneish M-Score of -2.44 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tailyn Technologies and its competitors. According to the industry distribution chart, Tailyn Technologies ranks #1250 out of 2405 companies in the Hardware industry, placing it in the top 52%.
Is Tailyn Technologies' Beneish M-Score too high?
Tailyn Technologies' current Beneish M-Score is -2.44. Based on the distribution chart, Tailyn Technologies ranks #1250 out of 2405 companies in the Hardware industry, which is below the industry midpoint. Overall, Tailyn Technologies has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tailyn Technologies' Beneish M-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Tailyn Technologies ranks #1250 out of 2405 companies for Beneish M-Score. This places Tailyn Technologies in the lower half of its 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Tailyn Technologies and its competitors. Tailyn Technologies's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tailyn Technologies stock overvalued right now?
Based on GuruFocus' analysis, Tailyn Technologies (ROCO:5353) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$31.43, compared to a current price of NT$28.00 — trading 10.9% below its estimated fair value. The current Beneish M-Score is -2.44. Tailyn Technologies' overall GF Score™ is 91/100 with 3 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 Tailyn Technologies (ROCO:5353), the current Beneish M-Score is -2.44 as of Jul. 24, 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.

Is Tailyn Technologies (ROCO:5353) Overvalued in 2026?

Based on GuruFocus' analysis, Tailyn Technologies stock appears to be undervalued. The current stock price of NT$28.00 is trading 10.9% below its estimated GF Value™ of NT$31.43. GuruFocus considers Tailyn Technologies to be Modestly Undervalued.

Key valuation signals for ROCO:5353:

  • Beneish M-Score: -2.44
  • GF Value™: NT$31.43 vs. price of NT$28.00 (10.9% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the ROCO:5353 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tailyn Technologies Business Description

Address Rungan Road, No. 10, Luzhu District, Taoyuan, TWN
Tailyn Technologies Inc is engaged in product manufacturing, OEM, sales, and related software and hardware design services in communication and industrial applications. The Group has two operating units with different business natures: Tailyn Technologies, Inc., the main business items are product manufacturing, OEM, sales, and related software and hardware design services in communication and industrial applications; Chulin Investment Corporation Ltd: Mainly engages in general investment operations; and Chulin International Holdings Ltd: Mainly engages in general investment operations. The main source of revenue comes from the manufacturing and sale of communication networks, computers, peripheral equipment, and other electronic products.
91GF Score

Get the complete analysis for ROCO:5353

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$28.00
Price
NT$31.43
GF Value