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Finesse Technology CoROCO:7704 +2.34%45 Beneish M-Score is -2.44 as of Jul. 16, 2026. GuruFocus rates ROCO:7704 with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 2,910 Industrial Products companies, Finesse Technology Co ranks worse than 51.72% 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 Finesse Technology Co's Beneish M-Score or its related term are showing as below:
ROCO:7704'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.44 Med: -2.43 Max: -2.41
Current: -2.44
During the past 6 years, the highest Beneish M-Score of Finesse Technology Co was -2.41. The lowest was -2.44. And the median was -2.43.
Finesse Technology Co Beneish M-Score Related Terms
Finesse Technology Co Beneish M-Score Historical Data
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The historical data trend for Finesse 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.
For the Electrical Equipment & Parts subindustry, Finesse 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.
Finesse Technology Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finesse Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Finesse Technology Co's Beneish M-Score falls into.
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 Finesse 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 * 1.0306
+
0.528 * 1.0752
+
0.404 * 1.215
+
0.892 * 0.8827
+
0.115 * 0.8603
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9581
+
4.679 * -0.019066
-
0.327 * 0.7423
=
-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.
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.
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))
=
(23.801 / (23.801 + 302.838))
/
(27.373 / (27.373 + 295.822))
=
0.072866
/
0.084695
=
0.8603
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
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
=
(69.512 - 0
-
94.643)
/
1318.109
=
-0.019066
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.
Finesse Technology Co has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Finesse Technology Co (ROCO:7704) has a Beneish M-Score of -2.44 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Finesse Technology Co and its competitors. According to the industry distribution chart, Finesse Technology Co ranks #1505 out of 2910 companies in the Industrial Products industry, placing it in the top 51.7%.
Is Finesse Technology Co's Beneish M-Score too high?
Finesse Technology Co's current Beneish M-Score is -2.44. Based on the distribution chart, Finesse Technology Co ranks #1505 out of 2910 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Finesse Technology Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Finesse Technology Co's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finesse Technology Co ranks #1505 out of 2910 companies for Beneish M-Score. This places Finesse 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Finesse Technology Co and its competitors. Finesse Technology Co'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 Finesse Technology Co stock overvalued right now?
Finesse Technology Co (ROCO:7704) has a current Beneish M-Score of -2.44. The current Beneish M-Score is -2.44. Finesse Technology Co's overall GF Score™ is 45/100 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 Finesse Technology Co (ROCO:7704), the current Beneish M-Score is -2.44 as of Jul. 16, 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.
Finesse Technology Co Ltd is a company that is focused on the development of ozone generators, RPS generators, RF systems, microwave devices, electronic circuits, control systems, and other core technologies. Additionally, the company offers technical support, maintenance, and product manufacturing services. Its main sales and service area is the semiconductor industry. The company's own brand product portfolio comprises gas pressure regulators, ozone sensors, remote plasma source, ozone controllers, RF generator system, ozone generators, etc. Finesse Technology operates in a single operating segment: the manufacturing, repair, and trading of electronic components. Geographically, it generates maximum revenue from Taiwan, and the rest from Asia (excluding Taiwan), America, and Europe.
45GF Score
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