Reserve Capital REIT (XBUL:RSCL) Beneish M-Score: 0.00 (As of Jul. 09, 2026)

What is Reserve Capital REIT Beneish M-Score?

Reserve Capital REIT XBUL:RSCL Beneish M-Score is 0.00 as of Jul. 09, 2026.

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 Reserve Capital REIT's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Reserve Capital REIT was 0.00. The lowest was 0.00. And the median was 0.00.

Reserve Capital REIT Beneish M-Score Related Terms

Reserve Capital REIT Beneish M-Score Historical Data

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The historical data trend for Reserve Capital REIT'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.

Reserve Capital REIT Beneish M-Score Chart

Reserve Capital REIT Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Beneish M-Score

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0.00

Reserve Capital REIT Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Dec18	Mar19
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

XBUL:RSCL vs RASF, PRLE, ACMC: Beneish M-Score Comparison

For the REIT - Diversified subindustry, Reserve Capital REIT'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.

Reserve Capital REIT Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Reserve Capital REIT's Beneish M-Score distribution charts can be found below:

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

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Reserve Capital REIT 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 Reserve Capital REIT for today is based on a combination of the following eight different indices:

-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 *

This Year (Mar19) TTM:

Last Year (Dec17) TTM:

Total Receivables was лв0.01 Mil.
Revenue was 0 + 0 + 0 + 0 = лв0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = лв0.00 Mil.
Total Current Assets was лв0.74 Mil.
Total Assets was лв0.74 Mil.
Property, Plant and Equipment(Net PPE) was лв0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was лв0.00 Mil.
Selling, General, & Admin. Expense(SGA) was лв0.00 Mil.
Total Current Liabilities was лв0.19 Mil.
Long-Term Debt & Capital Lease Obligation was лв0.00 Mil.
Net Income was -0.001 + -0.018 + 0 + -0.005 = лв-0.02 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = лв0.00 Mil.
Cash Flow from Operations was -0.002 + 0 + 0 + 0.008 = лв0.01 Mil.

Total Receivables was лв0.78 Mil.
Revenue was 0 + 0 + 0 + 0 = лв0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = лв0.00 Mil.
Total Current Assets was лв0.78 Mil.
Total Assets was лв0.78 Mil.
Property, Plant and Equipment(Net PPE) was лв0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was лв0.00 Mil.
Selling, General, & Admin. Expense(SGA) was лв0.00 Mil.
Total Current Liabilities was лв0.20 Mil.
Long-Term Debt & Capital Lease Obligation was лв0.00 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)
	=	(0.007 / 0)	/	(0.779 / 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 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.738 + 0) / 0.738)	/	(1 - (0.782 + 0) / 0.782)
	=	0	/	0
	=

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	/	0
	=

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 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 + 0.191) / 0.738)	/	((0 + 0.198) / 0.782)
	=	0.258808	/	0.253197
	=

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
	=	(-0.024 - 0	-	0.006)	/	0.738
	=	-0.04065

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?

Reserve Capital REIT (XBUL:RSCL) has a Beneish M-Score of 0.00 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Reserve Capital REIT and its competitors.

Is Reserve Capital REIT's Beneish M-Score too high?

Reserve Capital REIT's current Beneish M-Score is 0.00.

How does Reserve Capital REIT's Beneish M-Score compare to RASF and PRLE?

Reserve Capital REIT's Beneish M-Score of 0.00 can be compared against companies in the REITs 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 REITs company?

A good Beneish M-Score depends on the REITs 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 Reserve Capital REIT and its competitors. Reserve Capital REIT'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 Reserve Capital REIT stock overvalued right now?

Reserve Capital REIT (XBUL:RSCL) 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 Reserve Capital REIT (XBUL:RSCL), the current Beneish M-Score is 0.00 as of Jul. 09, 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.

Reserve Capital REIT Business Description

Industry Real Estate REITs

Comparable Companies RASF ASX:AGJ BSP:TFOF11 XBUL:E7P PRLE XBUL:6BMA XBUL:4IC ACMC XMAD:YHAB IST:EDIP IST:PEGYO HHDS XBUL:6F3 XBUL:5BD IST:YKGYO PW IST:MRGYO TSX:HRR.UN IST:ATAGY MDRR

Address ap. 6, 2nd floor, ent. A, 139 Vitosha boulevard, Sofia, BGR, 1408

Website http://www.reservecapital.eu

Reserve Capital REIT is engaged in raising funds by issuing securities and investing the cash reserve in receivables, purchase of receivables, and performing other commercial activities directly related to the purchase and/or securitization of receivables.