MQ Technology Bhd (XKLS:0070) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is MQ Technology Bhd Beneish M-Score?

MQ Technology Bhd XKLS:0070 Beneish M-Score is 0.00 as of Jun. 26, 2026. The stock has 1 warning sign investors should review. Among 2,926 Industrial Products companies, MQ Technology Bhd ranks worse than 34176.32% 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 MQ Technology Bhd's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of MQ Technology Bhd was 1.45. The lowest was 1.45. And the median was 1.45.

MQ Technology Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MQ Technology 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.

MQ Technology Bhd Beneish M-Score Chart

MQ Technology Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Sep22 Sep23 Sep24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.45 0.00 0.00

MQ Technology Bhd Quarterly Data
Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 May25 Aug25 Nov25 Feb26
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 Premium Member Only 0.00 0.00 0.00 0.00 0.00

XKLS:0070 vs SNA, RBC, LECO: Beneish M-Score Comparison

For the Tools & Accessories subindustry, MQ Technology 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.

MQ Technology Bhd Beneish M-Score vs Industrial Products Industry

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

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


MQ Technology 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 MQ Technology Bhd 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was RM17.96 Mil.
Revenue was RM9.31 Mil.
Gross Profit was RM0.85 Mil.
Total Current Assets was RM49.63 Mil.
Total Assets was RM78.92 Mil.
Property, Plant and Equipment(Net PPE) was RM26.75 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.39 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM16.35 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.76 Mil.
Net Income was RM-5.56 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM2.86 Mil.
 Total Receivables was RM0.00 Mil.
Revenue was RM0.00 Mil.
Gross Profit was RM0.00 Mil.
Total Current Assets was RM0.00 Mil.
Total Assets was RM0.00 Mil.
Property, Plant and Equipment(Net PPE) was RM0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM0.00 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 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)
=(17.962 / 9.311) / (0 / 0)
=1.929116 /
=

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) / (0.848 / 9.311)
= / 0.091075
=

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 - (49.627 + 26.754) / 78.923) / (1 - (0 + 0) / 0)
=0.032209 /
=

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
=9.311 / 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))
=(3.003 / (3.003 + 0)) / (1.39 / (1.39 + 26.754))
=1 / 0.049389
=

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 / 9.311) / (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)
=((1.764 + 16.352) / 78.923) / ((0 + 0) / 0)
=0.22954 /
=

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
=(-5.558 - 0 - 2.86) / 78.923
=-0.106661

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?
MQ Technology Bhd (XKLS:0070) 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 MQ Technology Bhd and its competitors. Over the past decade, MQ Technology Bhd's Beneish M-Score has ranged from 1.45 to 1.45. According to the industry distribution chart, MQ Technology Bhd ranks #999999 out of 2926 companies in the Industrial Products industry.
Is MQ Technology Bhd's Beneish M-Score too high?
MQ Technology Bhd's current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 1.45. Based on the distribution chart, MQ Technology Bhd ranks #999999 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does MQ Technology Bhd's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, MQ Technology Bhd ranks #999999 out of 2926 companies for Beneish M-Score. This places MQ Technology Bhd in the lower half of its industry. Historically, MQ Technology Bhd's own Beneish M-Score has ranged from 1.45 to 1.45 over the past decade. 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 MQ Technology Bhd and its competitors. MQ Technology Bhd'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 MQ Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, MQ Technology Bhd (XKLS:0070) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.06 — trading 57.7% below its estimated fair value. 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 MQ Technology Bhd (XKLS:0070), 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.

MQ Technology Bhd Business Description

Address Plot 86-B, Lintang Bayan Lepas 9, Bayan Lepas Industrial Park 4, Bayan Lepas, George Town, PNG, MYS, 11900
MQ Technology Bhd is an investment holding company. Through its subsidiaries, it provides a rapid tooling and prototyping division, which automates, designs, develops, and manufactures molds, tools, dies, jigs, and fixtures used in the manufacture of hard disk drives, automotive and medical industries. The company's business segment consists of Manufacture segment, Investment holdings, and others. The company generates the majority of its revenue from Manufacture business segment. Geographically the company operates in Malaysia, Thailand, the USA, Singapore, and Ireland, of which key revenue is derived from Thailand and Malaysia.