Sedania Innovator Bhd (XKLS:0178) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Sedania Innovator Bhd Beneish M-Score?

Sedania Innovator Bhd XKLS:0178 -5.56% Beneish M-Score is 0.00 as of Jun. 26, 2026.

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 Sedania Innovator Bhd's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Sedania Innovator Bhd was 0.00. The lowest was 0.00. And the median was 0.00.

Sedania Innovator Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sedania Innovator 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.

Sedania Innovator Bhd Beneish M-Score Chart

Sedania Innovator Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Beneish M-Score
Get a 7-Day Free Trial -0.79 -3.48 -0.71 -4.54 0.74

Sedania Innovator Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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 -0.60 -3.40 -1.41 -9.70 -5.41

XKLS:0178 vs PG, CL, KMB: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Sedania Innovator 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.

Sedania Innovator Bhd Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sedania Innovator Bhd's Beneish M-Score distribution charts can be found below:

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


Sedania Innovator 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 Sedania Innovator 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 * 0.7835+0.528 * 0.9185+0.404 * 0.9055+0.892 * 1.262+0.115 * 7.5825
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 19.9733+4.679 * -0.071448-0.327 * 1.1362
=-5.41

* 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 (Jun24) TTM:Last Year (Mar23) TTM:
Total Receivables was RM18.86 Mil.
Revenue was 14.207 + 14.711 + 10.621 + 12.167 = RM51.71 Mil.
Gross Profit was 10.251 + 5.426 + 5.733 + 6.761 = RM28.17 Mil.
Total Current Assets was RM33.35 Mil.
Total Assets was RM74.45 Mil.
Property, Plant and Equipment(Net PPE) was RM21.05 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.52 Mil.
Selling, General, & Admin. Expense(SGA) was RM34.13 Mil.
Total Current Liabilities was RM14.71 Mil.
Long-Term Debt & Capital Lease Obligation was RM6.67 Mil.
Net Income was -4.716 + -2.701 + 0.801 + 1.56 = RM-5.06 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was 0 + 0 + -3.827 + 4.09 = RM0.26 Mil.
 Total Receivables was RM19.08 Mil.
Revenue was 11.66 + 8.068 + 12.16 + 9.084 = RM40.97 Mil.
Gross Profit was 5.494 + 5.3 + 6.206 + 3.503 = RM20.50 Mil.
Total Current Assets was RM35.94 Mil.
Total Assets was RM57.64 Mil.
Property, Plant and Equipment(Net PPE) was RM4.57 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.01 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.35 Mil.
Total Current Liabilities was RM6.24 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.33 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)
=(18.864 / 51.706) / (19.079 / 40.972)
=0.364832 / 0.465659
=0.7835

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)
=(20.503 / 40.972) / (28.171 / 51.706)
=0.500415 / 0.54483
=0.9185

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 - (33.353 + 21.05) / 74.446) / (1 - (35.937 + 4.566) / 57.641)
=0.269229 / 0.297323
=0.9055

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
=51.706 / 40.972
=1.262

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))
=(1.012 / (1.012 + 4.566)) / (0.516 / (0.516 + 21.05))
=0.181427 / 0.023927
=7.5825

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)
=(34.129 / 51.706) / (1.354 / 40.972)
=0.660059 / 0.033047
=19.9733

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)
=((6.668 + 14.709) / 74.446) / ((8.325 + 6.243) / 57.641)
=0.287148 / 0.252737
=1.1362

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
=(-5.056 - 0 - 0.263) / 74.446
=-0.071448

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.

Sedania Innovator Bhd has a M-score of -5.41 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 0.00 mean?
Sedania Innovator Bhd (XKLS:0178) 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 Sedania Innovator Bhd and its competitors.
Is Sedania Innovator Bhd's Beneish M-Score too high?
Sedania Innovator Bhd's current Beneish M-Score is 0.00.
How does Sedania Innovator Bhd's Beneish M-Score compare to PG and CL?
Sedania Innovator Bhd's Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Sedania Innovator Bhd and its competitors. Sedania Innovator 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 Sedania Innovator Bhd stock overvalued right now?
Sedania Innovator Bhd (XKLS:0178) has a current Beneish M-Score of 0.00. 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 Sedania Innovator Bhd (XKLS:0178), 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.

Sedania Innovator Bhd Business Description

Address Jalan SS6/2, Level 7, 10 and 11, Kelana Parkview Tower, Petaling Jaya, SGR, MYS, 47301
Sedania Innovator Bhd is an investment holding company. Along with its subsidiaries, the company provides energy efficiency and renewable energy solutions, digital and telecommunication solutions, Shariah-compliant banking platforms, and health products. It operates in the following reportable segments: Sustainable fast-moving consumer goods (FMCG), Sustainable Energy, and Sustainable consumer technology. Maximum revenue is generated from its Sustainable FMCG segment, which offers essential, eco-friendly products focused on mother care, healthcare, personal care, household, and baby products designed for health-conscious families. Geographically, the company derives a majority of its revenue from Malaysia and the rest from Europe, Other Asian countries, and other regions.