HLT Global Bhd (XKLS:0188) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is HLT Global Bhd Beneish M-Score?

HLT Global Bhd XKLS:0188 +25.00% Beneish M-Score is 0.00 as of Jun. 26, 2026. The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, HLT Global 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 HLT Global Bhd's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of HLT Global Bhd was -0.44. The lowest was -6.71. And the median was -2.66.

HLT Global Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for HLT Global 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.

HLT Global Bhd Beneish M-Score Chart

HLT Global Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.81 -6.71 0.00 0.00 0.00

HLT Global 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 0.00 0.00 0.00 0.00 0.00

XKLS:0188 vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, HLT Global 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.

HLT Global Bhd Beneish M-Score vs Industrial Products Industry

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

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


HLT Global 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 HLT Global 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM10.14 Mil.
Revenue was 7.041 + 8.213 + 10.225 + 6.982 = RM32.46 Mil.
Gross Profit was -2.156 + -2.047 + -3.565 + -5.017 = RM-12.79 Mil.
Total Current Assets was RM47.30 Mil.
Total Assets was RM138.40 Mil.
Property, Plant and Equipment(Net PPE) was RM91.09 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.30 Mil.
Selling, General, & Admin. Expense(SGA) was RM14.17 Mil.
Total Current Liabilities was RM66.53 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.07 Mil.
Net Income was -3.726 + -10.405 + -5.123 + -6.584 = RM-25.84 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -1.966 + -7.755 + -7.87 + -1.194 = RM-18.79 Mil.
 Total Receivables was RM15.88 Mil.
Revenue was 6.849 + 5.379 + 11.031 + 11.27 = RM34.53 Mil.
Gross Profit was -2.277 + -2.906 + 0.931 + -2.287 = RM-6.54 Mil.
Total Current Assets was RM57.80 Mil.
Total Assets was RM147.17 Mil.
Property, Plant and Equipment(Net PPE) was RM89.38 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.24 Mil.
Selling, General, & Admin. Expense(SGA) was RM21.06 Mil.
Total Current Liabilities was RM73.49 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)
=(10.137 / 32.461) / (15.88 / 34.529)
=0.312282 / 0.459903
=

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)
=(-6.539 / 34.529) / (-12.785 / 32.461)
=-0.189377 / -0.393857
=

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 - (47.304 + 91.091) / 138.395) / (1 - (57.795 + 89.377) / 147.172)
=0 / 0
=

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
=32.461 / 34.529
=

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))
=(1.237 / (1.237 + 89.377)) / (1.298 / (1.298 + 91.091))
=0.013651 / 0.014049
=

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)
=(14.173 / 32.461) / (21.06 / 34.529)
=0.436616 / 0.609922
=

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)
=((0.065 + 66.533) / 138.395) / ((0 + 73.488) / 147.172)
=0.481217 / 0.499334
=

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
=(-25.838 - 0 - -18.785) / 138.395
=-0.050963

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?
HLT Global Bhd (XKLS:0188) 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 HLT Global Bhd and its competitors. According to the industry distribution chart, HLT Global Bhd ranks #999999 out of 2926 companies in the Industrial Products industry.
Is HLT Global Bhd's Beneish M-Score too high?
HLT Global Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, HLT Global Bhd ranks #999999 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does HLT Global Bhd's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLT Global Bhd ranks #999999 out of 2926 companies for Beneish M-Score. This places HLT Global 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 HLT Global Bhd and its competitors. HLT Global 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 HLT Global Bhd stock overvalued right now?
Based on GuruFocus' analysis, HLT Global Bhd (XKLS:0188) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.05, compared to a current price of RM0.03 — trading 50% 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 HLT Global Bhd (XKLS:0188), 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.

HLT Global Bhd Business Description

Address No. 6, Jalan Industri Mas 7, Taman Mas, Puchong, SGR, MYS, 47130
HLT Global Bhd is an investment holding company. The group is organised into three main reportable segments: Glove-dipping lines, Rubber gloves, and Corporate. The Glove-dipping lines segment is engaged in the manufacture of glove-dipping machines, fabrication works on metal and stainless steel products, and carries out all supporting services associated therewith. The Rubber gloves segment is engaged in manufacturing and trading of rubber gloves. The Corporate segment engages in the provision of corporate services to the entities within the Group. Geographically, it has operations in Malaysia, Japan, Thailand, Taiwan, the United States, and other countries.