Suzhou Recodeal Interconnect System Co (SHSE:688800) Beneish M-Score: -2.44 (As of Jul. 04, 2026)


SHSE:688800 Suzhou Recodeal Interconnect System Co Ltd SHSE:688800
87 GF Score
Price ¥83.00
GF Value ¥44.05
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Suzhou Recodeal Interconnect System Co Beneish M-Score?

Suzhou Recodeal Interconnect System Co SHSE:688800 -1.47% 87 Beneish M-Score is -2.44 as of Jul. 04, 2026. GuruFocus rates SHSE:688800 with a GF Score™ of 87/100 and a GF Value™ of ¥44.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,918 Industrial Products companies, Suzhou Recodeal Interconnect System Co ranks worse than 51.71% 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 Suzhou Recodeal Interconnect System Co's Beneish M-Score or its related term are showing as below:

SHSE:688800' s Beneish M-Score Range Over the Past 10 Years
Min: -2.5   Med: -2.05   Max: -0.69
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Suzhou Recodeal Interconnect System Co was -0.69. The lowest was -2.50. And the median was -2.05.


Suzhou Recodeal Interconnect System Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Suzhou Recodeal Interconnect System 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.

Suzhou Recodeal Interconnect System Co Beneish M-Score Chart

Suzhou Recodeal Interconnect System Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.29 -1.69 -2.50 -2.02 -2.15

Suzhou Recodeal Interconnect System Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.03 -1.53 -1.55 -2.15 -2.44

SHSE:688800 vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Suzhou Recodeal Interconnect System 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.


Suzhou Recodeal Interconnect System Co Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Recodeal Interconnect System Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Suzhou Recodeal Interconnect System Co's Beneish M-Score falls into.


SHSE:688800
87GF Score
Suzhou Recodeal Interconnect System Co Ltd SHSE:688800
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suzhou Recodeal Interconnect System 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 Suzhou Recodeal Interconnect System 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 * 0.9427+0.528 * 0.9924+0.404 * 0.9396+0.892 * 1.1576+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.747+4.679 * -0.005789-0.327 * 1.1182
=-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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ¥1,571 Mil.
Revenue was 751.647 + 829.827 + 796.437 + 763.428 = ¥3,141 Mil.
Gross Profit was 182.607 + 179.74 + 165.77 + 171.546 = ¥700 Mil.
Total Current Assets was ¥4,290 Mil.
Total Assets was ¥5,924 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,331 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥57 Mil.
Total Current Liabilities was ¥1,852 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,431 Mil.
Net Income was 58.906 + 66.069 + 76.016 + 81.373 = ¥282 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was 171.225 + 180.991 + 152.404 + -187.967 = ¥317 Mil.
Total Receivables was ¥1,440 Mil.
Revenue was 761.378 + 825.223 + 631.343 + 495.711 = ¥2,714 Mil.
Gross Profit was 180.764 + 184.299 + 131.266 + 103.472 = ¥600 Mil.
Total Current Assets was ¥3,163 Mil.
Total Assets was ¥4,521 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,111 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥66 Mil.
Total Current Liabilities was ¥1,980 Mil.
Long-Term Debt & Capital Lease Obligation was ¥261 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)
=(1571.013 / 3141.339) / (1439.622 / 2713.655)
=0.500109 / 0.53051
=0.9427

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)
=(599.801 / 2713.655) / (699.663 / 3141.339)
=0.221031 / 0.222728
=0.9924

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 - (4289.521 + 1331.027) / 5923.572) / (1 - (3163.225 + 1111.451) / 4520.798)
=0.051156 / 0.054442
=0.9396

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
=3141.339 / 2713.655
=1.1576

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 + 1111.451)) / (0 / (0 + 1331.027))
=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)
=(56.781 / 3141.339) / (65.666 / 2713.655)
=0.018075 / 0.024198
=0.747

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)
=((1430.804 + 1852.434) / 5923.572) / ((260.512 + 1980.306) / 4520.798)
=0.554267 / 0.495669
=1.1182

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
=(282.364 - 0 - 316.653) / 5923.572
=-0.005789

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.

Suzhou Recodeal Interconnect System Co has a M-score of -2.44 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 -2.44 mean?
Suzhou Recodeal Interconnect System Co (SHSE:688800) has a Beneish M-Score of -2.44 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Suzhou Recodeal Interconnect System Co and its competitors. According to the industry distribution chart, Suzhou Recodeal Interconnect System Co ranks #1509 out of 2918 companies in the Industrial Products industry, placing it in the top 51.7%.
Is Suzhou Recodeal Interconnect System Co's Beneish M-Score too high?
Suzhou Recodeal Interconnect System Co's current Beneish M-Score is -2.44. Based on the distribution chart, Suzhou Recodeal Interconnect System Co ranks #1509 out of 2918 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Suzhou Recodeal Interconnect System Co has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Suzhou Recodeal Interconnect System Co's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Suzhou Recodeal Interconnect System Co ranks #1509 out of 2918 companies for Beneish M-Score. This places Suzhou Recodeal Interconnect System 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 Suzhou Recodeal Interconnect System Co and its competitors. Suzhou Recodeal Interconnect System 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 Suzhou Recodeal Interconnect System Co stock overvalued right now?
Based on GuruFocus' analysis, Suzhou Recodeal Interconnect System Co (SHSE:688800) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥44.05, compared to a current price of ¥83.00 — trading 88.4% above its estimated fair value. The current Beneish M-Score is -2.44. Suzhou Recodeal Interconnect System Co's overall GF Score™ is 87/100 with 6 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 Suzhou Recodeal Interconnect System Co (SHSE:688800), the current Beneish M-Score is -2.44 as of Jul. 04, 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.

Is Suzhou Recodeal Interconnect System Co (SHSE:688800) Overvalued in 2026?

Based on GuruFocus' analysis, Suzhou Recodeal Interconnect System Co stock appears to be overvalued. The current stock price of ¥83.00 is trading 88.4% above its estimated GF Value™ of ¥44.05. GuruFocus considers Suzhou Recodeal Interconnect System Co to be Significantly Overvalued.

Key valuation signals for SHSE:688800:

  • Beneish M-Score: -2.44
  • GF Value™: ¥44.05 vs. price of ¥83.00 (88.4% above fair value)
  • GF Score™: 87/100 with 6 warning signs

No single metric tells the full story. See the SHSE:688800 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suzhou Recodeal Interconnect System Co Business Description

Address No.998 Songjia Road, Wusongjiang Science and Technology Industrial Park, Jiangsu Province, Wuzhong District, Suzhou, CHN, 215124
Suzhou Recodeal Interconnect System Co Ltd develops, produces and sells connection systems, microwave components and other products.
87GF Score

Get the complete analysis for SHSE:688800

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

¥83.00
Price
¥44.05
GF Value