KJTS Group Bhd (XKLS:0293) Beneish M-Score : 0.00 (As of Apr. 08, 2025)

View and export this data going back to 2024. Start your Free Trial

What is KJTS Group 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 KJTS Group Bhd's Beneish M-Score or its related term are showing as below:

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

KJTS Group Bhd Beneish M-Score Historical Data

The historical data trend for KJTS Group 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.

KJTS Group Bhd Beneish M-Score Chart

KJTS Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

KJTS Group Bhd Quarterly Data
	Dec20	Dec21	Dec22	Jul23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of KJTS Group Bhd's Beneish M-Score

For the Specialty Business Services subindustry, KJTS Group 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.

KJTS Group Bhd's Beneish M-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, KJTS Group Bhd's Beneish M-Score distribution charts can be found below:

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

Save Embed

;

Save Embed

;

KJTS Group 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 KJTS Group Bhd for today is based on a combination of the following eight different indices:

-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 *

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was RM59.5 Mil.
Revenue was 39.029 + 33.544 + 28.975 + 36.198 = RM137.7 Mil.
Gross Profit was 10.85 + 10.218 + 7.84 + 9.093 = RM38.0 Mil.
Total Current Assets was RM128.2 Mil.
Total Assets was RM150.7 Mil.
Property, Plant and Equipment(Net PPE) was RM4.7 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.6 Mil.
Selling, General, & Admin. Expense(SGA) was RM30.3 Mil.
Total Current Liabilities was RM31.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.0 Mil.
Net Income was 3.393 + 2.014 + 3.731 + -0.838 = RM8.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 1.359 + 2.024 + -0.744 + -4.982 = RM-2.3 Mil.

Total Receivables was RM0.0 Mil.
Revenue was 31.502 + 0 + 0 + 0 = RM31.5 Mil.
Gross Profit was 7.147 + 0 + 0 + 0 = RM7.1 Mil.
Total Current Assets was RM0.0 Mil.
Total Assets was RM0.0 Mil.
Property, Plant and Equipment(Net PPE) was RM0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.2 Mil.
Total Current Liabilities was RM0.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 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)
	=	(59.505 / 137.746)	/	(0 / 31.502)
	=	0.431991	/	0
	=

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)
	=	(7.147 / 31.502)	/	(38.001 / 137.746)
	=	0.226874	/	0.275877
	=

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 - (128.23 + 4.675) / 150.693)	/	(1 - (0 + 0) / 0)
	=	0.118041	/
	=

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
	=	137.746	/	31.502
	=

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))
	=	(0 / (0 + 0))	/	(1.615 / (1.615 + 4.675))
	=		/	0.256757
	=

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)
	=	(30.264 / 137.746)	/	(5.191 / 31.502)
	=	0.219709	/	0.164783
	=

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)
	=	((4.976 + 31.668) / 150.693)	/	((0 + 0) / 0)
	=	0.24317	/
	=

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
	=	(8.3 - 0	-	-2.343)	/	150.693
	=	0.070627

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.

KJTS Group Bhd Beneish M-Score Related Terms

Thank you for viewing the detailed overview of KJTS Group Bhd's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

KJTS Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » KJTS Group Bhd (XKLS:0293) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Damansara Heights, Level 3, Suite 3.03, Wisma E&C No. 2, Lorong Dungun Kiri, Kuala Lumpur, SGR, MYS, 50490

Website

https://www.kjts.com.my

KJTS Group Bhd is a provider of building support services focusing on providing cooling energy, cleaning, Facilities management, and Investment. Cooling Energy provides cooling energy management services, and EPCC includes new, retrofitting, and/or upgrading of cooling energy systems, Cleaning services are focused on ensuring the cleanliness, tidiness, and hygiene of buildings and facilities, Facilities management is focused on the repair and maintenance of M&E machinery and equipment, process utilities including plumbing, drainage and sewerage, and F&B and retail outlet equipment, and Investment segment is for Investment holding. Maximum revenue is generated from the Cooling Energy process.

KJTS Group Bhd Headlines

No Headlines