Ruentex Interior Design (ROCO:6881) Beneish M-Score: -1.70 (As of Aug. 31, 2026)

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ROCO:6881 Ruentex Interior Design Inc ROCO:6881
75 GF Score
Price NT$218.00
GF Value NT$271.14
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ruentex Interior Design Beneish M-Score?

Ruentex Interior Design ROCO:6881 75 Beneish M-Score is -1.70 as of Aug. 31, 2026. GuruFocus rates ROCO:6881 with a GF Score™ of 75/100 and a GF Value™ of NT$271.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,016 Business Services companies, Ruentex Interior Design ranks worse than 85.83% 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 -1.7 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ROCO:6881' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39   Med: -2.11   Max: -0.64
Current: -1.7

During the past 7 years, the highest Beneish M-Score of Ruentex Interior Design was -0.64. The lowest was -3.39. And the median was -2.11.


Ruentex Interior Design Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ruentex Interior Design'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.

Ruentex Interior Design Beneish M-Score Chart

Ruentex Interior Design Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -1.01 -3.39 -0.64

Ruentex Interior Design Quarterly Data
Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.37 -2.76 -0.64 -1.47 -1.70

ROCO:6881 vs VRSK, EFX, BAH: Beneish M-Score Comparison

For the Consulting Services subindustry, Ruentex Interior Design'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.


Ruentex Interior Design Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Ruentex Interior Design's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Ruentex Interior Design's Beneish M-Score falls into.


ROCO:6881
75GF Score
Ruentex Interior Design Inc ROCO:6881
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ruentex Interior Design 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 Ruentex Interior Design 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 * 0.9571+0.528 * 0.9452+0.404 * 0.5909+0.892 * 1.0626+0.115 * 13.1129
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9166+4.679 * -0.086986-0.327 * 1.1392
=-1.70

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was NT$1,039 Mil.
Revenue was 538.499 + 644.41 + 642.334 + 635.163 = NT$2,460 Mil.
Gross Profit was 114.052 + 135.926 + 138.874 + 106.978 = NT$496 Mil.
Total Current Assets was NT$1,997 Mil.
Total Assets was NT$2,463 Mil.
Property, Plant and Equipment(Net PPE) was NT$325 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$12 Mil.
Selling, General, & Admin. Expense(SGA) was NT$132 Mil.
Total Current Liabilities was NT$1,631 Mil.
Long-Term Debt & Capital Lease Obligation was NT$46 Mil.
Net Income was 64.274 + 78.416 + 96.304 + 67.304 = NT$306 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 369.157 + 224.796 + -452.645 + 379.272 = NT$521 Mil.
Total Receivables was NT$1,022 Mil.
Revenue was 611.106 + 575.902 + 590.088 + 538.367 = NT$2,315 Mil.
Gross Profit was 117.87 + 107.146 + 111.232 + 104.78 = NT$441 Mil.
Total Current Assets was NT$1,695 Mil.
Total Assets was NT$1,891 Mil.
Property, Plant and Equipment(Net PPE) was NT$13 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$10 Mil.
Selling, General, & Admin. Expense(SGA) was NT$135 Mil.
Total Current Liabilities was NT$1,130 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)
=(1038.918 / 2460.406) / (1021.532 / 2315.463)
=0.422255 / 0.441178
=0.9571

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)
=(441.028 / 2315.463) / (495.83 / 2460.406)
=0.190471 / 0.201524
=0.9452

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 - (1997.449 + 324.825) / 2463.418) / (1 - (1695.448 + 12.526) / 1891.37)
=0.057296 / 0.096965
=0.5909

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
=2460.406 / 2315.463
=1.0626

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))
=(10.375 / (10.375 + 12.526)) / (11.624 / (11.624 + 324.825))
=0.453037 / 0.034549
=13.1129

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)
=(131.715 / 2460.406) / (135.242 / 2315.463)
=0.053534 / 0.058408
=0.9166

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)
=((45.956 + 1630.566) / 2463.418) / ((0 + 1129.888) / 1891.37)
=0.680567 / 0.597391
=1.1392

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
=(306.298 - 0 - 520.58) / 2463.418
=-0.086986

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.

Ruentex Interior Design has a M-score of -1.70 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 -1.70 mean?
Ruentex Interior Design (ROCO:6881) has a Beneish M-Score of -1.70 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ruentex Interior Design and its competitors. According to the industry distribution chart, Ruentex Interior Design ranks #872 out of 1016 companies in the Business Services industry, placing it in the top 85.8%.
Is Ruentex Interior Design's Beneish M-Score too high?
Ruentex Interior Design's current Beneish M-Score is -1.70. Based on the distribution chart, Ruentex Interior Design ranks #872 out of 1016 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Ruentex Interior Design has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ruentex Interior Design's Beneish M-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Ruentex Interior Design ranks #872 out of 1016 companies for Beneish M-Score. This places Ruentex Interior Design 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 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 Ruentex Interior Design and its competitors. Ruentex Interior Design's current Beneish M-Score is -1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruentex Interior Design stock overvalued right now?
Based on GuruFocus' analysis, Ruentex Interior Design (ROCO:6881) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$271.14, compared to a current price of NT$218.00 — trading 19.6% below its estimated fair value. The current Beneish M-Score is -1.70. Ruentex Interior Design's overall GF Score™ is 75/100 with 5 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 Ruentex Interior Design (ROCO:6881), the current Beneish M-Score is -1.70 as of Aug. 31, 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 Ruentex Interior Design (ROCO:6881) Overvalued in 2026?

Based on GuruFocus' analysis, Ruentex Interior Design stock appears to be undervalued. The current stock price of NT$218.00 is trading 19.6% below its estimated GF Value™ of NT$271.14. GuruFocus considers Ruentex Interior Design to be Modestly Undervalued.

Key valuation signals for ROCO:6881:

  • Beneish M-Score: -1.70
  • GF Value™: NT$271.14 vs. price of NT$218.00 (19.6% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the ROCO:6881 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruentex Interior Design Business Description

Address No.308, Sec.2 Bade Road, 11th Floor, Zhongshan District, Taipei, TWN, 104
Ruentex Interior Design Inc engages in interior design and decoration and landscape design engineering, and construction. It focuses on design, planning, construction, and project management. Its project portfolio comprises Corporate Office, Residential, Commercial Space, Landscape, Laboratory, Education, and Culture spaces.
75GF Score

Get the complete analysis for ROCO:6881

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

NT$218.00
Price
NT$271.14
GF Value