Yu-Chen System Technology (ROCO:7813) Beneish M-Score: -2.61 (As of Jul. 03, 2026)


ROCO:7813 Yu-Chen System Technology Corp ROCO:7813
17 GF Score
Price NT$121.50
! 4 Warning Signs
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What is Yu-Chen System Technology Beneish M-Score?

Yu-Chen System Technology ROCO:7813 +0.41% 17 Beneish M-Score is -2.61 as of Jul. 03, 2026. GuruFocus rates ROCO:7813 with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 2,631 Software companies, Yu-Chen System Technology ranks better than 54.81% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROCO:7813' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.38   Max: -2.15
Current: -2.61

During the past 4 years, the highest Beneish M-Score of Yu-Chen System Technology was -2.15. The lowest was -2.61. And the median was -2.38.

Yu-Chen System Technology Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yu-Chen System Technology'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.

Yu-Chen System Technology Beneish M-Score Chart

Yu-Chen System Technology Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.15 -2.61

Yu-Chen System Technology Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.15 0.00 -2.61

ROCO:7813 vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Yu-Chen System Technology'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.

Yu-Chen System Technology Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Yu-Chen System Technology's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yu-Chen System Technology's Beneish M-Score falls into.


ROCO:7813
17GF Score
Yu-Chen System Technology Corp ROCO:7813
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yu-Chen System Technology 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 Yu-Chen System Technology 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 * 0.9127+0.528 * 0.9942+0.404 * 1.1784+0.892 * 1.1113+0.115 * 0.9633
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1039+4.679 * -0.037022-0.327 * 1.0567
=-2.61

* 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$789 Mil.
Revenue was NT$1,953 Mil.
Gross Profit was NT$414 Mil.
Total Current Assets was NT$1,591 Mil.
Total Assets was NT$2,028 Mil.
Property, Plant and Equipment(Net PPE) was NT$94 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$40 Mil.
Selling, General, & Admin. Expense(SGA) was NT$324 Mil.
Total Current Liabilities was NT$777 Mil.
Long-Term Debt & Capital Lease Obligation was NT$38 Mil.
Net Income was NT$5 Mil.
Gross Profit was NT$0 Mil.
Cash Flow from Operations was NT$80 Mil.
 Total Receivables was NT$778 Mil.
Revenue was NT$1,757 Mil.
Gross Profit was NT$371 Mil.
Total Current Assets was NT$1,463 Mil.
Total Assets was NT$1,803 Mil.
Property, Plant and Equipment(Net PPE) was NT$81 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$32 Mil.
Selling, General, & Admin. Expense(SGA) was NT$264 Mil.
Total Current Liabilities was NT$640 Mil.
Long-Term Debt & Capital Lease Obligation was NT$46 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)
=(788.654 / 1952.523) / (777.551 / 1756.952)
=0.403915 / 0.442557
=0.9127

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)
=(370.607 / 1756.952) / (414.278 / 1952.523)
=0.210937 / 0.212176
=0.9942

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 - (1590.983 + 93.675) / 2027.808) / (1 - (1462.956 + 80.906) / 1802.734)
=0.169222 / 0.1436
=1.1784

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
=1952.523 / 1756.952
=1.1113

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))
=(32.4 / (32.4 + 80.906)) / (39.544 / (39.544 + 93.675))
=0.285951 / 0.296835
=0.9633

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)
=(323.67 / 1952.523) / (263.849 / 1756.952)
=0.16577 / 0.150174
=1.1039

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)
=((38.338 + 777.469) / 2027.808) / ((46.413 + 639.958) / 1802.734)
=0.40231 / 0.380739
=1.0567

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
=(5.212 - 0 - 80.285) / 2027.808
=-0.037022

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.

Yu-Chen System Technology has a M-score of -2.61 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 -2.61 mean?
Yu-Chen System Technology (ROCO:7813) has a Beneish M-Score of -2.61 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yu-Chen System Technology and its competitors. According to the industry distribution chart, Yu-Chen System Technology ranks #1189 out of 2631 companies in the Software industry, placing it in the top 45.2%.
Is Yu-Chen System Technology's Beneish M-Score too high?
Yu-Chen System Technology's current Beneish M-Score is -2.61. Based on the distribution chart, Yu-Chen System Technology ranks #1189 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, Yu-Chen System Technology has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Yu-Chen System Technology's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Yu-Chen System Technology ranks #1189 out of 2631 companies for Beneish M-Score. This puts Yu-Chen System Technology in the upper 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 Software company?
A good Beneish M-Score depends on the Software 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 Yu-Chen System Technology and its competitors. Yu-Chen System Technology's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yu-Chen System Technology stock overvalued right now?
Yu-Chen System Technology (ROCO:7813) has a current Beneish M-Score of -2.61. The current Beneish M-Score is -2.61. Yu-Chen System Technology'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 Yu-Chen System Technology (ROCO:7813), the current Beneish M-Score is -2.61 as of Jul. 03, 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.

Yu-Chen System Technology Business Description

Address Lane. 91, Dongmei Road, 4 Floor, No. 5, Hsinchu, TWN
Yu-Chen System Technology Corp is engaged in providing services to customers. The company focuses on providing intelligent software solutions to understand customer needs, develops more humane operations, and provides complete and convenient system integration and solutions. The company's products and services include smart monitoring, Vial acid management, factory management, energy management, and others.
17GF Score

Get the complete analysis for ROCO:7813

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

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