Sanichi Technology Bhd (XKLS:0133) Beneish M-Score: -1.95 (As of Jul. 03, 2026)


What is Sanichi Technology Bhd Beneish M-Score?

Sanichi Technology Bhd XKLS:0133 Beneish M-Score is -1.95 as of Jul. 03, 2026. The stock has 3 warning signs investors should review. Among 2,918 Industrial Products companies, Sanichi Technology Bhd ranks worse than 79.51% 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 -1.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0133' s Beneish M-Score Range Over the Past 10 Years
Min: -7.69   Med: -3.04   Max: 4.36
Current: -1.95

During the past 13 years, the highest Beneish M-Score of Sanichi Technology Bhd was 4.36. The lowest was -7.69. And the median was -3.04.

Sanichi Technology Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sanichi 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.

Sanichi Technology Bhd Beneish M-Score Chart

Sanichi Technology Bhd Annual Data
Trend Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.82 -3.20 -7.69 -3.40 -1.95

Sanichi Technology Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 -3.40 0.00 0.00 0.00 -1.95

XKLS:0133 vs SNA, RBC, LECO: Beneish M-Score Comparison

For the Tools & Accessories subindustry, Sanichi 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.

Sanichi Technology Bhd Beneish M-Score vs Industrial Products Industry

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

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


Sanichi 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 Sanichi 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 * 1.5534+0.528 * 3.306+0.404 * 1.1057+0.892 * 1.0212+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.310055-0.327 * 0.9223
=-1.95

* 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 RM34.46 Mil.
Revenue was RM16.92 Mil.
Gross Profit was RM-2.11 Mil.
Total Current Assets was RM176.66 Mil.
Total Assets was RM246.83 Mil.
Property, Plant and Equipment(Net PPE) was RM22.06 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM9.75 Mil.
Long-Term Debt & Capital Lease Obligation was RM22.80 Mil.
Net Income was RM-30.63 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM45.90 Mil.
 Total Receivables was RM21.72 Mil.
Revenue was RM16.57 Mil.
Gross Profit was RM-6.84 Mil.
Total Current Assets was RM210.40 Mil.
Total Assets was RM285.70 Mil.
Property, Plant and Equipment(Net PPE) was RM24.94 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.22 Mil.
Selling, General, & Admin. Expense(SGA) was RM13.76 Mil.
Total Current Liabilities was RM15.36 Mil.
Long-Term Debt & Capital Lease Obligation was RM25.49 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)
=(34.456 / 16.924) / (21.721 / 16.573)
=2.035925 / 1.310626
=1.5534

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)
=(-6.844 / 16.573) / (-2.114 / 16.924)
=-0.412961 / -0.124911
=3.306

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 - (176.663 + 22.056) / 246.827) / (1 - (210.401 + 24.939) / 285.704)
=0.194906 / 0.17628
=1.1057

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
=16.924 / 16.573
=1.0212

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))
=(3.222 / (3.222 + 24.939)) / (0 / (0 + 22.056))
=0.114414 / 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 / 16.924) / (13.756 / 16.573)
=0 / 0.830025
=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)
=((22.797 + 9.748) / 246.827) / ((25.489 + 15.357) / 285.704)
=0.131853 / 0.142966
=0.9223

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
=(-30.632 - 0 - 45.898) / 246.827
=-0.310055

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.

Sanichi Technology Bhd has a M-score of -1.95 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 -1.95 mean?
Sanichi Technology Bhd (XKLS:0133) has a Beneish M-Score of -1.95 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sanichi Technology Bhd and its competitors. According to the industry distribution chart, Sanichi Technology Bhd ranks #2320 out of 2918 companies in the Industrial Products industry, placing it in the top 79.5%.
Is Sanichi Technology Bhd's Beneish M-Score too high?
Sanichi Technology Bhd's current Beneish M-Score is -1.95. Based on the distribution chart, Sanichi Technology Bhd ranks #2320 out of 2918 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Sanichi Technology Bhd's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Sanichi Technology Bhd ranks #2320 out of 2918 companies for Beneish M-Score. This places Sanichi Technology Bhd in the lower 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 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 Sanichi Technology Bhd and its competitors. Sanichi Technology Bhd's current Beneish M-Score is -1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanichi Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sanichi Technology Bhd (XKLS:0133) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.08 — trading 42.3% below its estimated fair value. The current Beneish M-Score is -1.95. 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 Sanichi Technology Bhd (XKLS:0133), the current Beneish M-Score is -1.95 as of Jul. 03, 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.

Sanichi Technology Bhd Business Description

Address Jalan Cyber 5, PLO 135, Kawasan Perindustrian Senai Fasa 3, Senai, JHR, MYS, 81400
Sanichi Technology Bhd is an investment holding company. Through its subsidiaries, the group is organised into the reportable operating segments of Plastic Mould, which is engaged in the designing and fabrication of precision moulds and tooling for use in the automobile; Property development, which involves property development activities; and Others, including investment holding and provision of management services. Maximum revenue for the group is generated from its property development segment. Geographically, it generated maximum revenue from Malaysia, and the rest from the United Kingdom.