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Synergy House Bhd (XKLS:0279) Beneish M-Score : 0.00 (As of Jan. 19, 2025)


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What is Synergy House Bhd Beneish M-Score?

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

During the past 5 years, the highest Beneish M-Score of Synergy House Bhd was 0.00. The lowest was 0.00. And the median was 0.00.


Synergy House Bhd Beneish M-Score Historical Data

The historical data trend for Synergy House 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.

* Premium members only.

Synergy House Bhd Beneish M-Score Chart

Synergy House Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
- - - - -

Synergy House Bhd Quarterly Data
Dec19 Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Synergy House Bhd's Beneish M-Score

For the Furnishings, Fixtures & Appliances subindustry, Synergy House 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.


Synergy House Bhd's Beneish M-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Synergy House Bhd's Beneish M-Score distribution charts can be found below:

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



Synergy House 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 Synergy House 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was RM63.7 Mil.
Revenue was RM270.2 Mil.
Gross Profit was RM86.4 Mil.
Total Current Assets was RM164.8 Mil.
Total Assets was RM220.4 Mil.
Property, Plant and Equipment(Net PPE) was RM55.6 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.9 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM90.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM26.4 Mil.
Net Income was RM27.1 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM-5.5 Mil.
Total Receivables was RM15.8 Mil.
Revenue was RM194.1 Mil.
Gross Profit was RM50.5 Mil.
Total Current Assets was RM76.2 Mil.
Total Assets was RM130.9 Mil.
Property, Plant and Equipment(Net PPE) was RM54.7 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM21.7 Mil.
Total Current Liabilities was RM43.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM38.3 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)
=(63.663 / 270.172) / (15.755 / 194.093)
=0.235639 / 0.081172
=

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)
=(50.522 / 194.093) / (86.396 / 270.172)
=0.260298 / 0.319781
=

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 - (164.818 + 55.586) / 220.403) / (1 - (76.212 + 54.734) / 130.946)
=-5.0E-6 / 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
=270.172 / 194.093
=

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))
=(1.722 / (1.722 + 54.734)) / (1.942 / (1.942 + 55.586))
=0.030502 / 0.033757
=

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 / 270.172) / (21.728 / 194.093)
=0 / 0.111946
=

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)
=((26.429 + 90.467) / 220.403) / ((38.31 + 43.598) / 130.946)
=0.530374 / 0.62551
=

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
=(27.148 - 0 - -5.502) / 220.403
=0.148138

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.


Synergy House Bhd Beneish M-Score Related Terms

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Synergy House Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 16, Persiaran Setia Dagang, Lot 18.A & 18.B & Lot 19.A, Level 18 & 19, Top Glove Tower, Seksyen U13, Bandar Setia Alam, Shah Alam, SGR, MYS, 40170
Synergy House Bhd is an investment holding company and through its subsidiaries, It is principally involved in the design, development, and sale of RTA home furniture. RTA a home furniture is a form of furniture where furniture parts are in flat-packed form for ease of storage and transportation. RTA home furniture requires customers to assemble themselves upon purchase. It sells its RTA home furniture to online retailers, chain-store retailers, and wholesalers via a B2B sales model, as well as directly to end-consumers through Its in-house online store and third-party e-commerce platforms via a B2C sales model.

Synergy House Bhd Headlines

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