LYC Healthcare Bhd (XKLS:0075) Beneish M-Score: -2.68 (As of Jul. 04, 2026)


What is LYC Healthcare Bhd Beneish M-Score?

LYC Healthcare Bhd XKLS:0075 Beneish M-Score is -2.68 as of Jul. 04, 2026. The stock has 4 warning signs investors should review. Among 2,631 Software companies, LYC Healthcare Bhd ranks better than 60.05% 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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0075' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39   Med: -2.68   Max: 0.17
Current: -2.68

During the past 13 years, the highest Beneish M-Score of LYC Healthcare Bhd was 0.17. The lowest was -3.39. And the median was -2.68.

LYC Healthcare Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for LYC Healthcare 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.

LYC Healthcare Bhd Beneish M-Score Chart

LYC Healthcare Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.10 -3.25 -3.37 -3.00 -2.68

LYC Healthcare Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -3.00 0.00 0.00 0.00 -2.68

XKLS:0075 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, LYC Healthcare 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.

LYC Healthcare Bhd Beneish M-Score vs Software Industry

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

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


LYC Healthcare 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 LYC Healthcare 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 * 1.8188+0.528 * 0.8186+0.404 * 1.2324+0.892 * 0.8629+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.213744-0.327 * 0.9887
=-2.68

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM25.6 Mil.
Revenue was RM134.2 Mil.
Gross Profit was RM72.7 Mil.
Total Current Assets was RM51.1 Mil.
Total Assets was RM222.4 Mil.
Property, Plant and Equipment(Net PPE) was RM77.7 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM125.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM40.2 Mil.
Net Income was RM-23.3 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM24.3 Mil.
 Total Receivables was RM16.3 Mil.
Revenue was RM155.5 Mil.
Gross Profit was RM69.0 Mil.
Total Current Assets was RM53.7 Mil.
Total Assets was RM235.3 Mil.
Property, Plant and Equipment(Net PPE) was RM101.3 Mil.
Depreciation, Depletion and Amortization(DDA) was RM17.5 Mil.
Selling, General, & Admin. Expense(SGA) was RM70.4 Mil.
Total Current Liabilities was RM117.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM59.6 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)
=(25.614 / 134.193) / (16.321 / 155.519)
=0.190874 / 0.104945
=1.8188

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)
=(68.968 / 155.519) / (72.696 / 134.193)
=0.44347 / 0.541727
=0.8186

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 - (51.073 + 77.727) / 222.364) / (1 - (53.682 + 101.286) / 235.31)
=0.42077 / 0.34143
=1.2324

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
=134.193 / 155.519
=0.8629

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))
=(17.537 / (17.537 + 101.286)) / (0 / (0 + 77.727))
=0.147589 / 0
=1

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 / 134.193) / (70.399 / 155.519)
=0 / 0.452671
=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)
=((40.221 + 125.011) / 222.364) / ((59.646 + 117.198) / 235.31)
=0.74307 / 0.751536
=0.9887

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
=(-23.271 - 0 - 24.258) / 222.364
=-0.213744

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.

LYC Healthcare Bhd has a M-score of -2.68 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 -2.68 mean?
LYC Healthcare Bhd (XKLS:0075) has a Beneish M-Score of -2.68 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LYC Healthcare Bhd and its competitors. According to the industry distribution chart, LYC Healthcare Bhd ranks #1051 out of 2631 companies in the Software industry, placing it in the top 39.9%.
Is LYC Healthcare Bhd's Beneish M-Score too high?
LYC Healthcare Bhd's current Beneish M-Score is -2.68. Based on the distribution chart, LYC Healthcare Bhd ranks #1051 out of 2631 companies in the Software industry, which is above the industry midpoint.
How does LYC Healthcare Bhd's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, LYC Healthcare Bhd ranks #1051 out of 2631 companies for Beneish M-Score. This puts LYC Healthcare Bhd 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 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 LYC Healthcare Bhd and its competitors. LYC Healthcare Bhd's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LYC Healthcare Bhd stock overvalued right now?
Based on GuruFocus' analysis, LYC Healthcare Bhd (XKLS:0075) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.08, compared to a current price of RM0.02 — trading 81.3% below its estimated fair value. The current Beneish M-Score is -2.68. 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 LYC Healthcare Bhd (XKLS:0075), the current Beneish M-Score is -2.68 as of Jul. 04, 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.

LYC Healthcare Bhd Business Description

Address No. 1, Jalan Tun Mohd Fuad, 2nd and 3rd Floor, Podium Block, Plaza VADS, Taman Tun Dr. Ismail, Kuala Lumpur, SGR, MYS, 60000
LYC Healthcare Bhd is an investment holding company. The company's operating segment includes Healthcare Services; Computing and Electronic Services and Others. It generates maximum revenue from the Healthcare Services segment. The Healthcare Services segment involves the provision of mother and childcare-related services such as postnatal and postpartum care, post-delivery confinement care, and aesthetics, provision of senior nursing home care and related services. Computing and electronic segment involves research and development and provision of e-manufacturing solutions and IT outsourcing service, dealers of computers and its related products. Other segments includes investment holding and provision of management services.