Moore Threads Technology Co (SHSE:688795) Beneish M-Score: 0.66 (As of Sep. 12, 2026) — Near Median

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SHSE:688795 Moore Threads Technology Co Ltd SHSE:688795
5 GF Score
Price ¥357.85
! 4 Warning Signs
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What is Moore Threads Technology Co Beneish M-Score?

Moore Threads Technology Co SHSE:688795 -1.70% 5 Beneish M-Score is 0.66 as of Sep. 12, 2026, which is at its 10-year median of 0.66. GuruFocus rates SHSE:688795 with a GF Score™ of 5/100. The stock has 4 warning signs investors should review. Among 2,404 Hardware companies, Moore Threads Technology Co ranks worse than 96.92% 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.

Warning Sign:

Beneish M-Score 0.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

SHSE:688795' s Beneish M-Score Range Over the Past 10 Years
Min: 0.66   Med: 0.66   Max: 0.66
Current: 0.66

During the past 4 years, the highest Beneish M-Score of Moore Threads Technology Co was 0.66. The lowest was 0.66. And the median was 0.66.


Moore Threads Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Moore Threads 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.

Moore Threads Technology Co Beneish M-Score Chart

Moore Threads Technology Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Moore Threads Technology Co Quarterly Data
Dec22 Dec23 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.66

SHSE:688795 vs DELL, ANET, SNDK: Beneish M-Score Comparison

For the Computer Hardware subindustry, Moore Threads 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.


Moore Threads Technology Co Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Moore Threads Technology Co's Beneish M-Score distribution charts can be found below:

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


SHSE:688795
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Moore Threads Technology Co Ltd SHSE:688795
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Moore Threads 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 Moore Threads 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 * 0.6372+0.528 * 1.2091+0.404 * 2.6074+0.892 * 2.9468+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0704+4.679 * 0.190247-0.327 * 0.6996
=0.66

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ¥883 Mil.
Revenue was 998.714 + 737.596 + 720.926 + 82.837 = ¥2,540 Mil.
Gross Profit was 491.983 + 496.781 + 501.756 + 0.208 = ¥1,491 Mil.
Total Current Assets was ¥14,335 Mil.
Total Assets was ¥16,924 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,245 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥364 Mil.
Total Current Liabilities was ¥1,703 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2,837 Mil.
Net Income was -40.922 + 29.359 + -277.258 + -452.586 = ¥-741 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -682.31 + -1486.677 + -1456.85 + -335.286 = ¥-3,961 Mil.
Total Receivables was ¥470 Mil.
Revenue was 412.903 + 288.859 + 160.227 + 0 = ¥862 Mil.
Gross Profit was 260.964 + 224.258 + 126.441 + 0 = ¥612 Mil.
Total Current Assets was ¥6,670 Mil.
Total Assets was ¥7,022 Mil.
Property, Plant and Equipment(Net PPE) was ¥138 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥115 Mil.
Total Current Liabilities was ¥2,056 Mil.
Long-Term Debt & Capital Lease Obligation was ¥636 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)
=(882.521 / 2540.073) / (469.994 / 861.989)
=0.347439 / 0.545244
=0.6372

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)
=(611.663 / 861.989) / (1490.728 / 2540.073)
=0.709595 / 0.586884
=1.2091

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 - (14334.716 + 1245.128) / 16923.889) / (1 - (6670.037 + 137.675) / 7021.572)
=0.079417 / 0.030458
=2.6074

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
=2540.073 / 861.989
=2.9468

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 + 137.675)) / (0 / (0 + 1245.128))
=0 / 0
=1

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)
=(364.128 / 2540.073) / (115.445 / 861.989)
=0.143353 / 0.133929
=1.0704

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)
=((2837.302 + 1702.943) / 16923.889) / ((636.307 + 2056.147) / 7021.572)
=0.268274 / 0.383455
=0.6996

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
=(-741.407 - 0 - -3961.123) / 16923.889
=0.190247

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.

Moore Threads Technology Co has a M-score of 0.66 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 0.66 mean?
Moore Threads Technology Co (SHSE:688795) has a Beneish M-Score of 0.66 as of Sep. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Moore Threads Technology Co and its competitors. This is near median its historical median of 0.66. Over the past decade, Moore Threads Technology Co's Beneish M-Score has ranged from 0.66 to 0.66. According to the industry distribution chart, Moore Threads Technology Co ranks #2330 out of 2404 companies in the Hardware industry, placing it in the top 96.9%.
Is Moore Threads Technology Co's Beneish M-Score too high?
Moore Threads Technology Co's current Beneish M-Score of 0.66 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.66. Based on the distribution chart, Moore Threads Technology Co ranks #2330 out of 2404 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Moore Threads Technology Co has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Moore Threads Technology Co's Beneish M-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Moore Threads Technology Co ranks #2330 out of 2404 companies for Beneish M-Score. This places Moore Threads Technology Co in the lower half of its industry. Historically, Moore Threads Technology Co's own Beneish M-Score has ranged from 0.66 to 0.66 over the past decade. 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Moore Threads Technology Co and its competitors. Moore Threads Technology Co's current Beneish M-Score is 0.66, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moore Threads Technology Co stock overvalued right now?
Moore Threads Technology Co (SHSE:688795) has a current Beneish M-Score of 0.66. The current Beneish M-Score is 0.66, which is near median its 10-year median of 0.66. Moore Threads Technology Co's overall GF Score™ is 5/100 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 Moore Threads Technology Co (SHSE:688795), the current Beneish M-Score is 0.66 as of Sep. 12, 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.

Moore Threads Technology Co Business Description

Address Donghu Street, 3rd floor, Block I, Wangjing International R&D Park, Chaoyang District, Beijing, CHN, 100102
Moore Threads Technology Co Ltd is principally engaged in the R&D, design and sales of graphics processing units(GPUs) and related products. The business includes providing technical services, technology development, technical consulting, technology exchanges, technology transfers, technology promotion and information system integration. Besides chip design and sales, it also engages in import-export activities related to technology and hardware products.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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