Enjoy Warmth Co (TPE:7760) Beneish M-Score: -2.95 (As of Jul. 13, 2026)


TPE:7760 Enjoy Warmth Co Ltd TPE:7760
12 GF Score
Price NT$35.60
! 5 Warning Signs
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What is Enjoy Warmth Co Beneish M-Score?

Enjoy Warmth Co TPE:7760 12 Beneish M-Score is -2.95 as of Jul. 13, 2026. GuruFocus rates TPE:7760 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 976 Media - Diversified companies, Enjoy Warmth Co ranks better than 73.26% 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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TPE:7760' s Beneish M-Score Range Over the Past 10 Years
Min: -2.95   Med: -2.62   Max: -0.39
Current: -2.95

During the past 5 years, the highest Beneish M-Score of Enjoy Warmth Co was -0.39. The lowest was -2.95. And the median was -2.62.

Enjoy Warmth Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Enjoy Warmth 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.

Enjoy Warmth Co Beneish M-Score Chart

Enjoy Warmth Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -0.39 -2.62 -2.95

Enjoy Warmth Co Quarterly Data
Dec21 Dec22 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -2.62 0.00 0.00 -2.95

TPE:7760 vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Enjoy Warmth 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.

Enjoy Warmth Co Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Enjoy Warmth Co's Beneish M-Score distribution charts can be found below:

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


TPE:7760
12GF Score
Enjoy Warmth Co Ltd TPE:7760
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Enjoy Warmth 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 Enjoy Warmth 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 * 0.6447+0.528 * 1.0791+0.404 * 0.962+0.892 * 0.9804+0.115 * 0.9039
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0904+4.679 * -0.033394-0.327 * 0.8954
=-2.95

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NT$4.3 Mil.
Revenue was NT$1,291.3 Mil.
Gross Profit was NT$466.0 Mil.
Total Current Assets was NT$349.2 Mil.
Total Assets was NT$4,445.6 Mil.
Property, Plant and Equipment(Net PPE) was NT$3,572.5 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$199.8 Mil.
Selling, General, & Admin. Expense(SGA) was NT$412.1 Mil.
Total Current Liabilities was NT$300.8 Mil.
Long-Term Debt & Capital Lease Obligation was NT$2,107.7 Mil.
Net Income was NT$35.5 Mil.
Gross Profit was NT$0.0 Mil.
Cash Flow from Operations was NT$183.9 Mil.
 Total Receivables was NT$6.7 Mil.
Revenue was NT$1,317.1 Mil.
Gross Profit was NT$512.9 Mil.
Total Current Assets was NT$317.6 Mil.
Total Assets was NT$4,319.7 Mil.
Property, Plant and Equipment(Net PPE) was NT$3,472.9 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$174.6 Mil.
Selling, General, & Admin. Expense(SGA) was NT$385.5 Mil.
Total Current Liabilities was NT$331.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$2,282.7 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)
=(4.262 / 1291.287) / (6.743 / 1317.052)
=0.003301 / 0.00512
=0.6447

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)
=(512.91 / 1317.052) / (466.022 / 1291.287)
=0.389438 / 0.360897
=1.0791

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 - (349.211 + 3572.498) / 4445.602) / (1 - (317.603 + 3472.941) / 4319.689)
=0.117845 / 0.122496
=0.962

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
=1291.287 / 1317.052
=0.9804

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))
=(174.622 / (174.622 + 3472.941)) / (199.789 / (199.789 + 3572.498))
=0.047874 / 0.052962
=0.9039

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)
=(412.102 / 1291.287) / (385.47 / 1317.052)
=0.319141 / 0.292676
=1.0904

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)
=((2107.715 + 300.762) / 4445.602) / ((2282.651 + 331.068) / 4319.689)
=0.541766 / 0.605071
=0.8954

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
=(35.48 - 0 - 183.936) / 4445.602
=-0.033394

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.

Enjoy Warmth Co has a M-score of -2.95 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 -2.95 mean?
Enjoy Warmth Co (TPE:7760) has a Beneish M-Score of -2.95 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Enjoy Warmth Co and its competitors. According to the industry distribution chart, Enjoy Warmth Co ranks #261 out of 976 companies in the Media - Diversified industry, placing it in the top 26.7%.
Is Enjoy Warmth Co's Beneish M-Score too high?
Enjoy Warmth Co's current Beneish M-Score is -2.95. Based on the distribution chart, Enjoy Warmth Co ranks #261 out of 976 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Enjoy Warmth Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Enjoy Warmth Co's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Enjoy Warmth Co ranks #261 out of 976 companies for Beneish M-Score. This puts Enjoy Warmth Co in the upper 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Enjoy Warmth Co and its competitors. Enjoy Warmth Co's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enjoy Warmth Co stock overvalued right now?
Enjoy Warmth Co (TPE:7760) has a current Beneish M-Score of -2.95. The current Beneish M-Score is -2.95. Enjoy Warmth Co's overall GF Score™ is 12/100 with 5 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 Enjoy Warmth Co (TPE:7760), the current Beneish M-Score is -2.95 as of Jul. 13, 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.

Enjoy Warmth Co Business Description

Address No. 175-15, Jianguo 1st Road, Lingya District, Kaohsiung City, TWN
Enjoy Warmth Co Ltd operates in the audiovisual, karaoke and food and beverage service industries. Its segments include Karaoke Business Branch Offices, which generate maximum revenue and consist of 16 branch offices providing KTV private room karaoke services and KTV private room food and beverage services, and Food and Beverage Business Branch Offices, which consist of 4 branch offices providing banquet catering services. The company operates in Taiwan.
12GF Score

Get the complete analysis for TPE:7760

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

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