YBS International Bhd (XKLS:0025) Beneish M-Score : -3.03 (As of Apr. 03, 2025)

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What is YBS International Bhd Beneish M-Score?

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 -3.03 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for YBS International Bhd's Beneish M-Score or its related term are showing as below:

XKLS:0025' s Beneish M-Score Range Over the Past 10 Years
Min: -14.29 Med: -2.63 Max: -0.49
Current: -3.03

During the past 13 years, the highest Beneish M-Score of YBS International Bhd was -0.49. The lowest was -14.29. And the median was -2.63.

YBS International Bhd Beneish M-Score Historical Data

The historical data trend for YBS International Bhd'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.

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YBS International Bhd Beneish M-Score Chart

YBS International Bhd Annual Data

Trend

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Beneish M-Score

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-2.79

-3.03

-2.35

-2.53

-2.71

YBS International Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial															-2.13	-2.71	-2.81	-3.22	-3.03

Competitive Comparison of YBS International Bhd's Beneish M-Score

For the Specialty Industrial Machinery subindustry, YBS International Bhd'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.

YBS International Bhd's Beneish M-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, YBS International Bhd's Beneish M-Score distribution charts can be found below:

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

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YBS International Bhd 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 YBS International Bhd 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 * 0.8542

0.528 * 0.7105

0.404 * 1.0593

0.892 * 1.3087

0.115 * 0.8666

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.4509

4.679 * -0.098582

0.327 * 1.0122

-3.03

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was RM20.3 Mil.
Revenue was 27.566 + 28.99 + 31.739 + 31.183 = RM119.5 Mil.
Gross Profit was 3.75 + 1.878 + 4.993 + 5.286 = RM15.9 Mil.
Total Current Assets was RM47.9 Mil.
Total Assets was RM152.1 Mil.
Property, Plant and Equipment(Net PPE) was RM92.8 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.4 Mil.
Selling, General, & Admin. Expense(SGA) was RM26.5 Mil.
Total Current Liabilities was RM36.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM42.1 Mil.
Net Income was 0.222 + -7.889 + 0.241 + -4.923 = RM-12.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -4.599 + 1.906 + 0.016 + 5.325 = RM2.6 Mil.

Total Receivables was RM18.2 Mil.
Revenue was 22.174 + 23.361 + 21.827 + 23.934 = RM91.3 Mil.
Gross Profit was 0.942 + 2.723 + 1.856 + 3.115 = RM8.6 Mil.
Total Current Assets was RM51.4 Mil.
Total Assets was RM157.3 Mil.
Property, Plant and Equipment(Net PPE) was RM94.8 Mil.
Depreciation, Depletion and Amortization(DDA) was RM6.5 Mil.
Selling, General, & Admin. Expense(SGA) was RM14.0 Mil.
Total Current Liabilities was RM35.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM44.7 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)
	=	(20.293 / 119.478)	/	(18.152 / 91.296)
	=	0.169847	/	0.198826
	=	0.8542

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)
	=	(8.636 / 91.296)	/	(15.907 / 119.478)
	=	0.094593	/	0.133137
	=	0.7105

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 - (47.903 + 92.823) / 152.127)	/	(1 - (51.366 + 94.766) / 157.258)
	=	0.074944	/	0.07075
	=	1.0593

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
	=	119.478	/	91.296
	=	1.3087

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))
	=	(6.452 / (6.452 + 94.766))	/	(7.37 / (7.37 + 92.823))
	=	0.063744	/	0.073558
	=	0.8666

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)
	=	(26.541 / 119.478)	/	(13.978 / 91.296)
	=	0.222141	/	0.153106
	=	1.4509

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)
	=	((42.148 + 36.097) / 152.127)	/	((44.677 + 35.23) / 157.258)
	=	0.51434	/	0.508127
	=	1.0122

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
	=	(-12.349 - 0	-	2.648)	/	152.127
	=	-0.098582

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.

YBS International Bhd has a M-score of -3.03 suggests that the company is unlikely to be a manipulator.

YBS International Bhd Beneish M-Score Related Terms

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YBS International Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » YBS International Bhd (XKLS:0025) » Definitions » Beneish M-Score

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Traded in Other Exchanges

N/A

Address

No. 978, Lorong Perindustrian Bukit Minyak 20, Taman Perindustrian Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website

https://www.ybsinternational.com

YBS International Bhd is a Malaysian-based investment holding company involved in the provision of management services. It operates in two main segments - Precision engineering and plastic injection molding, and Precision machining and stamping, Paper products and Electronic manufacturing services. The company earns maximum revenue from the Precision machining and stamping segment which is involved in the manufacture and sale of precision machining and stamping components for telecommunication, industrial sensors, switches, electronic equipment, and other industries.

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