Abico Asia Capital (ROCO:7777) Beneish M-Score: 0.00 (As of Jul. 15, 2026)

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ROCO:7777 Abico Asia Capital Corp ROCO:7777
17 GF Score
Price NT$40.00
! 1 Warning Sign
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What is Abico Asia Capital Beneish M-Score?

Abico Asia Capital ROCO:7777 +6.67% 17 Beneish M-Score is 0.00 as of Jul. 15, 2026. GuruFocus rates ROCO:7777 with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 952 Asset Management companies, Abico Asia Capital ranks worse than 105041.91% 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.

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

During the past 4 years, the highest Beneish M-Score of Abico Asia Capital was 0.00. The lowest was 0.00. And the median was 0.00.

Abico Asia Capital Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Abico Asia Capital'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.

Abico Asia Capital Beneish M-Score Chart

Abico Asia Capital Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Abico Asia Capital Quarterly Data
Dec22 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

ROCO:7777 vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Abico Asia Capital'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.

Abico Asia Capital Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Abico Asia Capital's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Abico Asia Capital's Beneish M-Score falls into.


ROCO:7777
17GF Score
Abico Asia Capital Corp ROCO:7777
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Abico Asia Capital 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 Abico Asia Capital 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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$1.19 Mil.
Revenue was NT$0.00 Mil.
Gross Profit was NT$0.00 Mil.
Total Current Assets was NT$568.69 Mil.
Total Assets was NT$2,168.47 Mil.
Property, Plant and Equipment(Net PPE) was NT$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was NT$39.85 Mil.
Total Current Liabilities was NT$13.25 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0.00 Mil.
Net Income was NT$97.80 Mil.
Gross Profit was NT$0.00 Mil.
Cash Flow from Operations was NT$51.34 Mil.
 Total Receivables was NT$7.34 Mil.
Revenue was NT$0.00 Mil.
Gross Profit was NT$0.00 Mil.
Total Current Assets was NT$396.23 Mil.
Total Assets was NT$1,885.50 Mil.
Property, Plant and Equipment(Net PPE) was NT$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was NT$25.99 Mil.
Total Current Liabilities was NT$20.42 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0.00 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)
=(1.185 / 0) / (7.339 / 0)
= /
=

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)
=(0 / 0) / (0 / 0)
= /
=

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 - (568.693 + 0) / 2168.473) / (1 - (396.227 + 0) / 1885.495)
=0.737745 / 0.789855
=

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
=0 / 0
=

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))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(39.849 / 0) / (25.993 / 0)
= /
=

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 + 13.249) / 2168.473) / ((0 + 20.42) / 1885.495)
=0.00611 / 0.01083
=

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
=(97.8 - 0 - 51.344) / 2168.473
=0.021423

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Abico Asia Capital (ROCO:7777) has a Beneish M-Score of 0.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Abico Asia Capital and its competitors. According to the industry distribution chart, Abico Asia Capital ranks #999999 out of 952 companies in the Asset Management industry.
Is Abico Asia Capital's Beneish M-Score too high?
Abico Asia Capital's current Beneish M-Score is 0.00. Based on the distribution chart, Abico Asia Capital ranks #999999 out of 952 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Abico Asia Capital has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Abico Asia Capital's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Abico Asia Capital ranks #999999 out of 952 companies for Beneish M-Score. This places Abico Asia Capital 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Abico Asia Capital and its competitors. Abico Asia Capital's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abico Asia Capital stock overvalued right now?
Abico Asia Capital (ROCO:7777) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Abico Asia Capital's overall GF Score™ is 17/100 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 Abico Asia Capital (ROCO:7777), the current Beneish M-Score is 0.00 as of Jul. 15, 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.

Abico Asia Capital Business Description

Address Section 3, Nanjing East Road, 6th Floor - 2, No. 248, Songshan District, Taipei, TWN, 105403
Abico Asia Capital Corp is a venture capital company. Its investment areas include high-tech, aerospace, new energy vehicles, and manufacturing.
17GF Score

Get the complete analysis for ROCO:7777

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

NT$40.00
Price