STTTF (Splitit Payments) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


STTTF Splitit Payments Ltd STTTF
12 GF Score
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What is Splitit Payments Beneish M-Score?

Splitit Payments STTTF 12 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates STTTF with a GF Score™ of 12/100.

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

During the past 4 years, the highest Beneish M-Score of Splitit Payments was 0.00. The lowest was 0.00. And the median was 0.00.

Splitit Payments Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Splitit Payments'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.

Splitit Payments Beneish M-Score Chart

Splitit Payments Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Beneish M-Score
0.00 0.00 166.13 -3.41

Splitit Payments Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 166.13 0.00 -3.41 0.00

STTTF vs MSFT, ORCL, ADBE: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Splitit Payments'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.

Splitit Payments Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Splitit Payments's Beneish M-Score distribution charts can be found below:

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


STTTF
12GF Score
Splitit Payments Ltd STTTF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Splitit Payments 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 Splitit Payments 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 * 0.946+0.528 * 0.9957+0.404 * 0.2759+0.892 * 1.0139+0.115 * 1.1417
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6431+4.679 * -0.133027-0.327 * 1.1662
=-3.41

* 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 (Dec22) TTM:Last Year (Dec21) TTM:
Total Receivables was $71.11 Mil.
Revenue was $10.59 Mil.
Gross Profit was $9.39 Mil.
Total Current Assets was $102.13 Mil.
Total Assets was $103.69 Mil.
Property, Plant and Equipment(Net PPE) was $0.51 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.22 Mil.
Selling, General, & Admin. Expense(SGA) was $16.98 Mil.
Total Current Liabilities was $5.10 Mil.
Long-Term Debt & Capital Lease Obligation was $72.10 Mil.
Net Income was $-22.61 Mil.
Gross Profit was $-0.58 Mil.
Cash Flow from Operations was $-8.24 Mil.
 Total Receivables was $74.14 Mil.
Revenue was $10.45 Mil.
Gross Profit was $9.22 Mil.
Total Current Assets was $104.27 Mil.
Total Assets was $108.38 Mil.
Property, Plant and Equipment(Net PPE) was $0.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.08 Mil.
Selling, General, & Admin. Expense(SGA) was $26.04 Mil.
Total Current Liabilities was $4.94 Mil.
Long-Term Debt & Capital Lease Obligation was $64.26 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)
=(71.114 / 10.59) / (74.143 / 10.445)
=6.715203 / 7.09842
=0.946

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)
=(9.221 / 10.445) / (9.389 / 10.59)
=0.882815 / 0.886591
=0.9957

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 - (102.13 + 0.511) / 103.686) / (1 - (104.274 + 0.15) / 108.383)
=0.010079 / 0.036528
=0.2759

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
=10.59 / 10.445
=1.0139

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))
=(0.077 / (0.077 + 0.15)) / (0.216 / (0.216 + 0.511))
=0.339207 / 0.297111
=1.1417

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)
=(16.978 / 10.59) / (26.037 / 10.445)
=1.603211 / 2.492772
=0.6431

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)
=((72.096 + 5.102) / 103.686) / ((64.256 + 4.939) / 108.383)
=0.744536 / 0.63843
=1.1662

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
=(-22.614 - -0.58 - -8.241) / 103.686
=-0.133027

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.

Splitit Payments has a M-score of -3.41 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 0.00 mean?
Splitit Payments (STTTF) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Splitit Payments and its competitors.
Is Splitit Payments' Beneish M-Score too high?
Splitit Payments' current Beneish M-Score is 0.00. Overall, Splitit Payments has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Splitit Payments' Beneish M-Score compare to MSFT and ORCL?
Splitit Payments' Beneish M-Score of 0.00 can be compared against companies in the Software 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 Splitit Payments and its competitors. Splitit Payments'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 Splitit Payments stock overvalued right now?
Splitit Payments (STTTF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Splitit Payments' overall GF Score™ is 12/100. 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 Splitit Payments (STTTF), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Splitit Payments Business Description

Address 32 HaArba\'a Street, Tel Aviv, ISR, 6473970
Splitit Payments Ltd is a cross-border payment solution enabling customers to pay for purchases with an existing debit or credit card by splitting the purchase into fee and interest-free monthly installments, without the need for registration, application, or approval. Splitit operates in three geographical regions: North America, the United Kingdom & Europe, and Australia.
12GF 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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