SMKG (Smart Card Marketing Systems) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Smart Card Marketing Systems Beneish M-Score?

Smart Card Marketing Systems SMKG Beneish M-Score is 0.00 as of Jun. 26, 2026. The stock has 2 warning signs investors should review. Among 2,634 Software companies, Smart Card Marketing Systems ranks worse than 37965.03% 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.

The historical rank and industry rank for Smart Card Marketing Systems's Beneish M-Score or its related term are showing as below:

During the past 2 years, the highest Beneish M-Score of Smart Card Marketing Systems was -2.62. The lowest was -3.85. And the median was -3.34.

Smart Card Marketing Systems Beneish M-Score Historical Data

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The historical data trend for Smart Card Marketing Systems'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.

Smart Card Marketing Systems Beneish M-Score Chart

Smart Card Marketing Systems Annual Data
Trend Dec20 Dec21
Beneish M-Score
0.00 0.00

Smart Card Marketing Systems Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 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 0.00 -3.74 0.00 0.00 0.00

SMKG vs SEII, VHAI, KCRD: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Smart Card Marketing Systems'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.

Smart Card Marketing Systems Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Smart Card Marketing Systems's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Smart Card Marketing Systems's Beneish M-Score falls into.


Smart Card Marketing Systems 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 Smart Card Marketing Systems 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Sep24) TTM:
Total Receivables was $0.53 Mil.
Revenue was 0.062 + 0.068 + 0.075 + 0.179 = $0.38 Mil.
Gross Profit was 0.062 + 0.068 + 0.075 + 0.179 = $0.38 Mil.
Total Current Assets was $0.53 Mil.
Total Assets was $1.73 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.19 Mil.
Total Current Liabilities was $3.49 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.096 + -0.28 + -0.353 + -6.073 = $-6.80 Mil.
Non Operating Income was 0 + -0.008 + -0.082 + -5.909 = $-6.00 Mil.
Cash Flow from Operations was 0.004 + 0.001 + 0.001 + 0.001 = $0.01 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0.161 + 0.071 + 0.077 + 0.012 = $0.32 Mil.
Gross Profit was 0.159 + 0.061 + 0.072 + -0.011 = $0.28 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.18 Mil.
Selling, General, & Admin. Expense(SGA) was $0.77 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $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)
=(0.527 / 0.384) / (0 / 0.321)
=1.372396 / 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)
=(0.281 / 0.321) / (0.384 / 0.384)
=0.875389 / 1
=

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 - (0.527 + 0) / 1.732) / (1 - (0 + 0) / 0)
=0.695727 /
=

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
=0.384 / 0.321
=

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))
=(0.184 / (0.184 + 0)) / (0 / (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)
=(1.187 / 0.384) / (0.767 / 0.321)
=3.091146 / 2.389408
=

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 + 3.488) / 1.732) / ((0 + 0) / 0)
=2.013857 /
=

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
=(-6.802 - -5.999 - 0.007) / 1.732
=-0.467667

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?
Smart Card Marketing Systems (SMKG) 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 Smart Card Marketing Systems and its competitors. According to the industry distribution chart, Smart Card Marketing Systems ranks #999999 out of 2634 companies in the Software industry.
Is Smart Card Marketing Systems' Beneish M-Score too high?
Smart Card Marketing Systems' current Beneish M-Score is 0.00. Based on the distribution chart, Smart Card Marketing Systems ranks #999999 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers.
How does Smart Card Marketing Systems' Beneish M-Score compare to SEII and VHAI?
According to the Software industry distribution chart, Smart Card Marketing Systems ranks #999999 out of 2634 companies for Beneish M-Score. This places Smart Card Marketing Systems 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 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 Smart Card Marketing Systems and its competitors. Smart Card Marketing Systems'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 Smart Card Marketing Systems stock overvalued right now?
Smart Card Marketing Systems (SMKG) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Smart Card Marketing Systems (SMKG), 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.

Smart Card Marketing Systems Business Description

Address 20C Trolley Square, Wilmington, DE, USA, 19806
Smart Card Marketing Systems Inc is a fintech and paytech and Blockchain Accelerator offering proprietary Platforms as a Service "PAAS" with Embedded Payments, Digital Assets Issuance Cross-border Rails, and Banking as a Service "BAAS" for Financial Institutions, Telecoms & Global Enterprises on cloud and mobility Platforms with Ai and Business Intelligence. Smart Card is creating a new channel of business by offering specialized solutions accelerating Digital Assets Issuance by transformation delivery of Real World Assets and Utility Tokens with its white-label licensing and branding of its solutions: offering Interoperability, global reach, security, scalability and compliance standards.