Mtouche Technology Bhd (XKLS:0092) Beneish M-Score: -2.86 (As of Jul. 14, 2026)

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What is Mtouche Technology Bhd Beneish M-Score?

Mtouche Technology Bhd XKLS:0092 -16.67% Beneish M-Score is -2.86 as of Jul. 14, 2026. The stock has 4 warning signs investors should review. Among 351 Telecommunication Services companies, Mtouche Technology Bhd ranks better than 56.98% 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 -2.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0092' s Beneish M-Score Range Over the Past 10 Years
Min: -8.96   Med: -1.94   Max: 737.42
Current: -2.86

During the past 13 years, the highest Beneish M-Score of Mtouche Technology Bhd was 737.42. The lowest was -8.96. And the median was -1.94.

Mtouche Technology Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mtouche 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.

Mtouche Technology Bhd Beneish M-Score Chart

Mtouche Technology Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Jun18 Jun19 Jun20 Sep22 Sep23 Sep24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.10 -2.69 2.21 -8.96 0.00

Mtouche Technology Bhd Quarterly Data
Dec20 Mar21 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 737.42 -2.72 -2.70 -3.07 -2.86

XKLS:0092 vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, Mtouche 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.

Mtouche Technology Bhd Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Mtouche Technology Bhd's Beneish M-Score distribution charts can be found below:

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


Mtouche 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 Mtouche 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 * 1.0579+0.528 * 1.1293+0.404 * 1+0.892 * 0.9453+0.115 * 0.3339
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1624+4.679 * -0.075149-0.327 * 1
=-2.86

* 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 RM14.44 Mil.
Revenue was 2.108 + 4.267 + 1.654 + 2.996 = RM11.03 Mil.
Gross Profit was 0.351 + 0.556 + 0.392 + 0.494 = RM1.79 Mil.
Total Current Assets was RM60.49 Mil.
Total Assets was RM94.73 Mil.
Property, Plant and Equipment(Net PPE) was RM32.81 Mil.
Depreciation, Depletion and Amortization(DDA) was RM5.57 Mil.
Selling, General, & Admin. Expense(SGA) was RM6.20 Mil.
Total Current Liabilities was RM15.81 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.85 Mil.
Net Income was -12.771 + -4.458 + -2.025 + -5.34 = RM-24.59 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -13.477 + 0 + -2.462 + -1.536 = RM-17.48 Mil.
 Total Receivables was RM14.44 Mil.
Revenue was 1.434 + 1.666 + 7.222 + 1.341 = RM11.66 Mil.
Gross Profit was 0.737 + 0.36 + 0.758 + 0.287 = RM2.14 Mil.
Total Current Assets was RM60.49 Mil.
Total Assets was RM94.73 Mil.
Property, Plant and Equipment(Net PPE) was RM32.81 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.67 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.64 Mil.
Total Current Liabilities was RM15.81 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.85 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)
=(14.441 / 11.025) / (14.441 / 11.663)
=1.309841 / 1.238189
=1.0579

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)
=(2.142 / 11.663) / (1.793 / 11.025)
=0.183658 / 0.16263
=1.1293

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 - (60.486 + 32.808) / 94.732) / (1 - (60.486 + 32.808) / 94.732)
=0.01518 / 0.01518
=1

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
=11.025 / 11.663
=0.9453

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))
=(1.67 / (1.67 + 32.808)) / (5.567 / (5.567 + 32.808))
=0.048437 / 0.145068
=0.3339

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)
=(6.195 / 11.025) / (5.638 / 11.663)
=0.561905 / 0.483409
=1.1624

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)
=((9.848 + 15.814) / 94.732) / ((9.848 + 15.814) / 94.732)
=0.270891 / 0.270891
=1

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
=(-24.594 - 0 - -17.475) / 94.732
=-0.075149

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.

Mtouche Technology Bhd has a M-score of -2.86 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 -2.86 mean?
Mtouche Technology Bhd (XKLS:0092) has a Beneish M-Score of -2.86 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mtouche Technology Bhd and its competitors. According to the industry distribution chart, Mtouche Technology Bhd ranks #151 out of 351 companies in the Telecommunication Services industry, placing it in the top 43%.
Is Mtouche Technology Bhd's Beneish M-Score too high?
Mtouche Technology Bhd's current Beneish M-Score is -2.86. Based on the distribution chart, Mtouche Technology Bhd ranks #151 out of 351 companies in the Telecommunication Services industry, which is above the industry midpoint.
How does Mtouche Technology Bhd's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Mtouche Technology Bhd ranks #151 out of 351 companies for Beneish M-Score. This puts Mtouche Technology 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Mtouche Technology Bhd and its competitors. Mtouche Technology Bhd's current Beneish M-Score is -2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mtouche Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mtouche Technology Bhd (XKLS:0092) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.03 — trading 16.7% below its estimated fair value. The current Beneish M-Score is -2.86. 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 Mtouche Technology Bhd (XKLS:0092), the current Beneish M-Score is -2.86 as of Jul. 14, 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.

Mtouche Technology Bhd Business Description

Address No. 8, Persiaran Tropicana, Lot 11.3, 11th Floor, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410
Mtouche Technology Bhd is engaged in mobile value-added services for smartphones, such as the development of mobile content, mobile messaging technologies, billing platforms, and interactive media solutions. The company's segment includes: Mobile Service segment which consists of provision of mobile applications and related technology services; Healthcare segment, which consists distribution and sale of Covid-19 rapid antigen test kits as well as other businesses which are related to the healthcare industry in Malaysia; and Trading segment, which consists of trading IT hardware and software in Malaysia. It generates maximum revenue from the Trading segment.