Climax Technology Co (ROCO:7689) Beneish M-Score: -1.89 (As of Jul. 17, 2026)

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ROCO:7689 Climax Technology Co Ltd ROCO:7689
17 GF Score
Price NT$210.00
! 4 Warning Signs
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What is Climax Technology Co Beneish M-Score?

Climax Technology Co ROCO:7689 -9.87% 17 Beneish M-Score is -1.89 as of Jul. 17, 2026. GuruFocus rates ROCO:7689 with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 1,700 Construction companies, Climax Technology Co ranks worse than 79.76% 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 -1.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROCO:7689' s Beneish M-Score Range Over the Past 10 Years
Min: -2.22   Med: -2.06   Max: -1.89
Current: -1.89

During the past 4 years, the highest Beneish M-Score of Climax Technology Co was -1.89. The lowest was -2.22. And the median was -2.06.

Climax Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Climax Technology Co'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.

Climax Technology Co Beneish M-Score Chart

Climax Technology Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.22 -1.89

Climax Technology Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.22 0.00 -1.89

ROCO:7689 vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Climax Technology Co'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.

Climax Technology Co Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Climax Technology Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Climax Technology Co's Beneish M-Score falls into.


ROCO:7689
17GF Score
Climax Technology Co Ltd ROCO:7689
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Climax Technology 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 Climax Technology 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 * 1.2049+0.528 * 0.8709+0.404 * 0.5765+0.892 * 1.2063+0.115 * 1.9058
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9651+4.679 * 0.07313-0.327 * 0.9915
=-1.89

* 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$1,490 Mil.
Revenue was NT$4,461 Mil.
Gross Profit was NT$1,355 Mil.
Total Current Assets was NT$3,296 Mil.
Total Assets was NT$5,613 Mil.
Property, Plant and Equipment(Net PPE) was NT$2,224 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$93 Mil.
Selling, General, & Admin. Expense(SGA) was NT$368 Mil.
Total Current Liabilities was NT$1,867 Mil.
Long-Term Debt & Capital Lease Obligation was NT$2,106 Mil.
Net Income was NT$529 Mil.
Gross Profit was NT$0 Mil.
Cash Flow from Operations was NT$118 Mil.
 Total Receivables was NT$1,025 Mil.
Revenue was NT$3,698 Mil.
Gross Profit was NT$979 Mil.
Total Current Assets was NT$2,360 Mil.
Total Assets was NT$3,477 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,017 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$85 Mil.
Selling, General, & Admin. Expense(SGA) was NT$316 Mil.
Total Current Liabilities was NT$1,967 Mil.
Long-Term Debt & Capital Lease Obligation was NT$516 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)
=(1489.704 / 4461.401) / (1024.957 / 3698.396)
=0.333909 / 0.277136
=1.2049

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)
=(978.52 / 3698.396) / (1355.4 / 4461.401)
=0.26458 / 0.303806
=0.8709

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 - (3295.736 + 2224.182) / 5613.3) / (1 - (2359.779 + 1016.794) / 3476.899)
=0.016636 / 0.028855
=0.5765

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
=4461.401 / 3698.396
=1.2063

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))
=(84.622 / (84.622 + 1016.794)) / (93.431 / (93.431 + 2224.182))
=0.07683 / 0.040313
=1.9058

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)
=(368.282 / 4461.401) / (316.327 / 3698.396)
=0.082549 / 0.085531
=0.9651

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)
=((2105.857 + 1867.398) / 5613.3) / ((515.531 + 1966.524) / 3476.899)
=0.707829 / 0.71387
=0.9915

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
=(528.72 - 0 - 118.22) / 5613.3
=0.07313

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.

Climax Technology Co has a M-score of -1.89 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 -1.89 mean?
Climax Technology Co (ROCO:7689) has a Beneish M-Score of -1.89 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Climax Technology Co and its competitors. According to the industry distribution chart, Climax Technology Co ranks #1356 out of 1700 companies in the Construction industry, placing it in the top 79.8%.
Is Climax Technology Co's Beneish M-Score too high?
Climax Technology Co's current Beneish M-Score is -1.89. Based on the distribution chart, Climax Technology Co ranks #1356 out of 1700 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Climax Technology Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Climax Technology Co's Beneish M-Score compare to TT and JCI?
According to the Construction industry distribution chart, Climax Technology Co ranks #1356 out of 1700 companies for Beneish M-Score. This places Climax Technology Co 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Climax Technology Co and its competitors. Climax Technology Co's current Beneish M-Score is -1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Climax Technology Co stock overvalued right now?
Climax Technology Co (ROCO:7689) has a current Beneish M-Score of -1.89. The current Beneish M-Score is -1.89. Climax Technology Co's overall GF Score™ is 17/100 with 4 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 Climax Technology Co (ROCO:7689), the current Beneish M-Score is -1.89 as of Jul. 17, 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.

Climax Technology Co Business Description

Address Hsin Hu 2nd Road, No.258, Taipei, TWN, 114
Climax Technology Co Ltd is an expert in the field of wireless home security systems, smart home solutions, telecare solutions, its own portal servers, and an extensive range of accessories, while specializing in RF technology, wireless and wired communication. Its products include wireless and wired alarm systems.
17GF Score

Get the complete analysis for ROCO:7689

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

NT$210.00
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