Hengyang Petrochemical Logistics (SGX:5PD) Beneish M-Score: 0.00 (As of Jul. 02, 2026)

What is Hengyang Petrochemical Logistics Beneish M-Score?

Hengyang Petrochemical Logistics SGX:5PD 14 Beneish M-Score is 0.00 as of Jul. 02, 2026. GuruFocus rates SGX:5PD with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

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 Hengyang Petrochemical Logistics's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Hengyang Petrochemical Logistics was 32.80. The lowest was -54.04. And the median was -3.18.

Hengyang Petrochemical Logistics Beneish M-Score Related Terms

Hengyang Petrochemical Logistics Beneish M-Score Historical Data

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The historical data trend for Hengyang Petrochemical Logistics'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.

Hengyang Petrochemical Logistics Beneish M-Score Chart

Hengyang Petrochemical Logistics Annual Data

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Beneish M-Score

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Hengyang Petrochemical Logistics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

SGX:5PD vs WMB, EPD, KMI: Beneish M-Score Comparison

For the Oil & Gas Midstream subindustry, Hengyang Petrochemical Logistics'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.

Hengyang Petrochemical Logistics Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyang Petrochemical Logistics's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hengyang Petrochemical Logistics's Beneish M-Score falls into.

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Hengyang Petrochemical Logistics Ltd SGX:5PD

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Hengyang Petrochemical Logistics 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 Hengyang Petrochemical Logistics for today is based on a combination of the following eight different indices:

-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 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was S$0.07 Mil.
Revenue was 0 + 0 + 0 + 0 = S$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = S$0.00 Mil.
Total Current Assets was S$2.88 Mil.
Total Assets was S$90.16 Mil.
Property, Plant and Equipment(Net PPE) was S$0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.01 Mil.
Selling, General, & Admin. Expense(SGA) was S$0.81 Mil.
Total Current Liabilities was S$0.66 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.01 Mil.
Net Income was -4.119 + -5.374 + -0.728 + -1.38 = S$-11.60 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = S$0.00 Mil.
Cash Flow from Operations was 0.003 + -0.195 + -0.21 + -0.271 = S$-0.67 Mil.

Total Receivables was S$0.04 Mil.
Revenue was 0 + 0 + 0 + 0 = S$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = S$0.00 Mil.
Total Current Assets was S$3.52 Mil.
Total Assets was S$100.97 Mil.
Property, Plant and Equipment(Net PPE) was S$0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.01 Mil.
Selling, General, & Admin. Expense(SGA) was S$0.86 Mil.
Total Current Liabilities was S$0.50 Mil.
Long-Term Debt & Capital Lease Obligation was S$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)
	=	(0.069 / 0)	/	(0.04 / 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 - (2.882 + 0.02) / 90.163)	/	(1 - (3.519 + 0.007) / 100.97)
	=	0.967814	/	0.965079
	=

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))
	=	(0.012 / (0.012 + 0.007))	/	(0.01 / (0.01 + 0.02))
	=	0.631579	/	0.333333
	=

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)
	=	(0.806 / 0)	/	(0.862 / 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)
	=	((0.008 + 0.656) / 90.163)	/	((0 + 0.5) / 100.97)
	=	0.007364	/	0.004952
	=

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
	=	(-11.601 - 0	-	-0.673)	/	90.163
	=	-0.121203

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?

Hengyang Petrochemical Logistics (SGX:5PD) has a Beneish M-Score of 0.00 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hengyang Petrochemical Logistics and its competitors.

Is Hengyang Petrochemical Logistics' Beneish M-Score too high?

Hengyang Petrochemical Logistics' current Beneish M-Score is 0.00. Overall, Hengyang Petrochemical Logistics has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.

How does Hengyang Petrochemical Logistics' Beneish M-Score compare to WMB and EPD?

Hengyang Petrochemical Logistics' Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Hengyang Petrochemical Logistics and its competitors. Hengyang Petrochemical Logistics'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 Hengyang Petrochemical Logistics stock overvalued right now?

Hengyang Petrochemical Logistics (SGX:5PD) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Hengyang Petrochemical Logistics' overall GF Score™ is 14/100 with 2 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 Hengyang Petrochemical Logistics (SGX:5PD), the current Beneish M-Score is 0.00 as of Jul. 02, 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.

Hengyang Petrochemical Logistics Business Description

Industry Energy Oil & Gas

Comparable Companies SGX:585 SGX:FQ7 TSX:ENB WMB EPD KMI ET TSX:TRP LNG MPLX OKE TRGP VG CQP TSX:PPL WES PAA DTM SHSE:601872 AM

Address 1 Hengyang Road, Shizhuang Industrial Park, New Harbor City, Jiangsu Province, Jiangyin, CHN, 214446

Website http://www.hyplc.com

Hengyang Petrochemical Logistics Ltd is engaged in logistic services for the petrochemical industry. The group provides storage and land transportation services for different types of bulk liquid petrochemicals, gases, and oils such as Methanol, Acetic Acid, Phenol, Acetone, Styrene, Ethylene Glycol, Polyether Polyol, Propane, Butane, Gasoline, Diesel, Kerosene, Fuel Oil and Base Oil. It's petrochemical storage business offers whole-tank leasing services for a fixed period of time (typically for one year) and spot leasing services for a period ranging from one month to three months.

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