Genesys Logic (ROCO:6104) Beneish M-Score: -2.24 (As of Jul. 08, 2026)


ROCO:6104 Genesys Logic Inc ROCO:6104
73 GF Score
Price NT$101.50
GF Value NT$203.08
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Genesys Logic Beneish M-Score?

Genesys Logic ROCO:6104 -3.79% 73 Beneish M-Score is -2.24 as of Jul. 08, 2026. GuruFocus rates ROCO:6104 with a GF Score™ of 73/100 and a GF Value™ of NT$203.08 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 987 Semiconductors companies, Genesys Logic ranks worse than 59.88% 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 -2.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROCO:6104' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39   Med: -2.39   Max: -1.99
Current: -2.24

During the past 13 years, the highest Beneish M-Score of Genesys Logic was -1.99. The lowest was -3.39. And the median was -2.39.


Genesys Logic Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Genesys Logic'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.

Genesys Logic Beneish M-Score Chart

Genesys Logic 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 -2.54 -1.99 -3.39 -2.66 -2.24

Genesys Logic 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 -2.66 -2.19 -2.28 -2.47 -2.24

ROCO:6104 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Genesys Logic'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.


Genesys Logic Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Genesys Logic's Beneish M-Score distribution charts can be found below:

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


ROCO:6104
73GF Score
Genesys Logic Inc ROCO:6104
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Genesys Logic 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 Genesys Logic 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 * 0.7826+0.528 * 0.9382+0.404 * 1.571+0.892 * 1.276+0.115 * 0.9316
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9537+4.679 * -0.001697-0.327 * 0.9743
=-2.24

* 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$285 Mil.
Revenue was 990.187 + 946.904 + 1086.824 + 1032.245 = NT$4,056 Mil.
Gross Profit was 417.688 + 396.623 + 520.705 + 582.999 = NT$1,918 Mil.
Total Current Assets was NT$2,384 Mil.
Total Assets was NT$3,704 Mil.
Property, Plant and Equipment(Net PPE) was NT$919 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$114 Mil.
Selling, General, & Admin. Expense(SGA) was NT$355 Mil.
Total Current Liabilities was NT$1,405 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Net Income was 88.405 + 83.518 + 123.698 + 214.186 = NT$510 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 222.107 + -27.327 + 249.926 + 71.387 = NT$516 Mil.
Total Receivables was NT$286 Mil.
Revenue was 945.952 + 881.462 + 727.223 + 624.053 = NT$3,179 Mil.
Gross Profit was 457.629 + 384.378 + 299.332 + 268.853 = NT$1,410 Mil.
Total Current Assets was NT$2,140 Mil.
Total Assets was NT$3,292 Mil.
Property, Plant and Equipment(Net PPE) was NT$926 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$106 Mil.
Selling, General, & Admin. Expense(SGA) was NT$291 Mil.
Total Current Liabilities was NT$1,282 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 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)
=(285.109 / 4056.16) / (285.511 / 3178.69)
=0.07029 / 0.08982
=0.7826

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)
=(1410.192 / 3178.69) / (1918.015 / 4056.16)
=0.443639 / 0.472865
=0.9382

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 - (2384.311 + 919.246) / 3703.971) / (1 - (2140.108 + 925.808) / 3292.477)
=0.108104 / 0.068812
=1.571

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
=4056.16 / 3178.69
=1.276

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))
=(106.479 / (106.479 + 925.808)) / (114.458 / (114.458 + 919.246))
=0.103149 / 0.110726
=0.9316

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)
=(354.593 / 4056.16) / (291.366 / 3178.69)
=0.087421 / 0.091662
=0.9537

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 + 1404.946) / 3703.971) / ((0 + 1281.816) / 3292.477)
=0.379308 / 0.389317
=0.9743

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
=(509.807 - 0 - 516.093) / 3703.971
=-0.001697

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.

Genesys Logic has a M-score of -2.24 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 -2.24 mean?
Genesys Logic (ROCO:6104) has a Beneish M-Score of -2.24 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Genesys Logic and its competitors. According to the industry distribution chart, Genesys Logic ranks #591 out of 987 companies in the Semiconductors industry, placing it in the top 59.9%.
Is Genesys Logic's Beneish M-Score too high?
Genesys Logic's current Beneish M-Score is -2.24. Based on the distribution chart, Genesys Logic ranks #591 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Genesys Logic has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genesys Logic's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Genesys Logic ranks #591 out of 987 companies for Beneish M-Score. This places Genesys Logic 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Genesys Logic and its competitors. Genesys Logic's current Beneish M-Score is -2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genesys Logic stock overvalued right now?
Based on GuruFocus' analysis, Genesys Logic (ROCO:6104) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$203.08, compared to a current price of NT$101.50 — trading 50% below its estimated fair value. The current Beneish M-Score is -2.24. Genesys Logic's overall GF Score™ is 73/100 with 1 warning sign 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 Genesys Logic (ROCO:6104), the current Beneish M-Score is -2.24 as of Jul. 08, 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 Genesys Logic (ROCO:6104) Overvalued in 2026?

Based on GuruFocus' analysis, Genesys Logic stock appears to be undervalued. The current stock price of NT$101.50 is trading 50% below its estimated GF Value™ of NT$203.08. GuruFocus considers Genesys Logic to be Significantly Undervalued.

Key valuation signals for ROCO:6104:

  • Beneish M-Score: -2.24
  • GF Value™: NT$203.08 vs. price of NT$101.50 (50% below fair value)
  • GF Score™: 73/100 with 1 warning sign

No single metric tells the full story. See the ROCO:6104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Genesys Logic Business Description

Address No. 205, Beixin Road, 13th Floor, Section 3, Xindian District, Taipei, TWN
Genesys Logic Inc mainly specializes in designing, manufacturing, testing and sales of integrated circuit, semiconductor, digital communication products, computer equipment and relevant products, as well as computer program designing. It also act as an import and export agent for the products. The company's products are Integrated circuit chip, USB Hub & PD Products, Storage Products, Repeater Products, Mux/DeMux Products, CC Controller Products, Image & Video Products, and Others. The Group is mainly involved in the design and manufacture of integrated circuit and semiconductor. The company has presence in Taiwan, China, Others. The company generates majority of revenue from Taiwan.
73GF Score

Get the complete analysis for ROCO:6104

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

NT$101.50
Price
NT$203.08
GF Value