SISI (Shineco) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


SISI Shineco Inc SISI
36 GF Score
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What is Shineco Beneish M-Score?

Shineco SISI 36 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates SISI with a GF Score™ of 36/100.

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 Shineco's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of Shineco was 0.00. The lowest was 0.00. And the median was 0.00.

Shineco Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Shineco'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.

Shineco Beneish M-Score Chart

Shineco Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.85 -5.71 16,618.00 485.75 19.06

Shineco Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.00 19.06 0.93 -1.29 -1.64

SISI vs SHMP, DTCK, ADM: Beneish M-Score Comparison

For the Farm Products subindustry, Shineco'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.

Shineco Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shineco's Beneish M-Score distribution charts can be found below:

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


SISI
36GF Score
Shineco Inc SISI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shineco 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 Shineco 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 * 0.5717+0.528 * 1.9057+0.404 * 0.8229+0.892 * 3.3038+0.115 * 0.1493
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.4568+4.679 * -0.241278-0.327 * 1.2998
=-1.64

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $9.68 Mil.
Revenue was 0.041 + 3.049 + 2.174 + 9.342 = $14.61 Mil.
Gross Profit was -0.014 + 0.121 + 0.292 + 0.636 = $1.04 Mil.
Total Current Assets was $34.92 Mil.
Total Assets was $85.50 Mil.
Property, Plant and Equipment(Net PPE) was $0.14 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.05 Mil.
Selling, General, & Admin. Expense(SGA) was $19.34 Mil.
Total Current Liabilities was $48.60 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Net Income was -15.119 + -1.624 + -2.023 + -20.139 = $-38.91 Mil.
Non Operating Income was 0.026 + 0.439 + -0.05 + -14.702 = $-14.29 Mil.
Cash Flow from Operations was -0.43 + -0.605 + -2.085 + -0.868 = $-3.99 Mil.
 Total Receivables was $5.13 Mil.
Revenue was 0.149 + 2.307 + 1.646 + 0.319 = $4.42 Mil.
Gross Profit was 0.071 + 0.312 + 0.099 + 0.115 = $0.60 Mil.
Total Current Assets was $22.45 Mil.
Total Assets was $101.69 Mil.
Property, Plant and Equipment(Net PPE) was $6.34 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.08 Mil.
Selling, General, & Admin. Expense(SGA) was $12.81 Mil.
Total Current Liabilities was $43.37 Mil.
Long-Term Debt & Capital Lease Obligation was $1.10 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)
=(9.68 / 14.606) / (5.125 / 4.421)
=0.662741 / 1.15924
=0.5717

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)
=(0.597 / 4.421) / (1.035 / 14.606)
=0.135037 / 0.070861
=1.9057

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 - (34.919 + 0.142) / 85.503) / (1 - (22.448 + 6.335) / 101.688)
=0.589944 / 0.716948
=0.8229

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
=14.606 / 4.421
=3.3038

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))
=(1.076 / (1.076 + 6.335)) / (5.047 / (5.047 + 0.142))
=0.14519 / 0.972634
=0.1493

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)
=(19.337 / 14.606) / (12.812 / 4.421)
=1.323908 / 2.897987
=0.4568

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)
=((0.006 + 48.602) / 85.503) / ((1.103 + 43.374) / 101.688)
=0.568495 / 0.437387
=1.2998

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
=(-38.905 - -14.287 - -3.988) / 85.503
=-0.241278

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.

Shineco has a M-score of -1.64 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?
Shineco (SISI) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shineco and its competitors.
Is Shineco's Beneish M-Score too high?
Shineco's current Beneish M-Score is 0.00. Overall, Shineco has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Shineco's Beneish M-Score compare to SHMP and DTCK?
Shineco's Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Shineco and its competitors. Shineco'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 Shineco stock overvalued right now?
Shineco (SISI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Shineco's overall GF Score™ is 36/100. 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 Shineco (SISI), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Shineco Business Description

Address No. 88, Jianguo Road, Room 1707, Block D, Modern City SOHO, Chaoyang District, Beijing, CHN, 100022
Shineco Inc processes and distributes agricultural produce. It also engages in the growing and cultivation of mulberry trees and silkworm cocoons; distribution of fruit business; and processing and distribution of silk and silk fabrics, as well as other by-products.
36GF Score

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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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