Myaxis Group Bhd (XKLS:03064) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:03064 Myaxis Group Bhd XKLS:03064
13 GF Score
Price RM0.12
View Full Analysis

What is Myaxis Group Bhd Beneish M-Score?

Myaxis Group Bhd XKLS:03064 13 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates XKLS:03064 with a GF Score™ of 13/100. Among 294 Retail - Defensive companies, Myaxis Group Bhd ranks worse than 340135.71% 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 Myaxis Group Bhd's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Myaxis Group Bhd was 0.00. The lowest was 0.00. And the median was 0.00.

Myaxis Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Myaxis 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.

Myaxis Group Bhd Beneish M-Score Chart

Myaxis Group Bhd Annual Data
Trend Jul23 Jul24 Jul25
Beneish M-Score
0.00 0.00 0.00

Myaxis Group Bhd Semi-Annual Data
Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

XKLS:03064 vs SYY, USFD, PFGC: Beneish M-Score Comparison

For the Food Distribution subindustry, Myaxis 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.

Myaxis Group Bhd Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Myaxis Group Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:03064
13GF Score
Myaxis Group Bhd XKLS:03064
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Myaxis 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 Myaxis Group 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 (Jul25) TTM:Last Year (Jul24) TTM:
Total Receivables was RM9.0 Mil.
Revenue was RM191.7 Mil.
Gross Profit was RM11.2 Mil.
Total Current Assets was RM27.1 Mil.
Total Assets was RM36.6 Mil.
Property, Plant and Equipment(Net PPE) was RM9.5 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.4 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.2 Mil.
Total Current Liabilities was RM18.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.2 Mil.
Net Income was RM3.7 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM7.1 Mil.
 Total Receivables was RM6.7 Mil.
Revenue was RM125.7 Mil.
Gross Profit was RM7.2 Mil.
Total Current Assets was RM18.6 Mil.
Total Assets was RM19.5 Mil.
Property, Plant and Equipment(Net PPE) was RM1.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.1 Mil.
Selling, General, & Admin. Expense(SGA) was RM3.1 Mil.
Total Current Liabilities was RM11.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.7 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)
=(9.005 / 191.689) / (6.733 / 125.682)
=0.046977 / 0.053572
=

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)
=(7.21 / 125.682) / (11.228 / 191.689)
=0.057367 / 0.058574
=

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 - (27.052 + 9.501) / 36.553) / (1 - (18.589 + 0.951) / 19.54)
=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
=191.689 / 125.682
=

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))
=(0.141 / (0.141 + 0.951)) / (0.404 / (0.404 + 9.501))
=0.129121 / 0.040787
=

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)
=(5.169 / 191.689) / (3.138 / 125.682)
=0.026966 / 0.024968
=

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)
=((4.176 + 18.127) / 36.553) / ((2.675 + 11.47) / 19.54)
=0.610155 / 0.7239
=

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
=(3.659 - 0 - 7.134) / 36.553
=-0.095067

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?
Myaxis Group Bhd (XKLS:03064) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Myaxis Group Bhd and its competitors. According to the industry distribution chart, Myaxis Group Bhd ranks #999999 out of 294 companies in the Retail - Defensive industry.
Is Myaxis Group Bhd's Beneish M-Score too high?
Myaxis Group Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Myaxis Group Bhd ranks #999999 out of 294 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Myaxis Group Bhd has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Myaxis Group Bhd's Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Myaxis Group Bhd ranks #999999 out of 294 companies for Beneish M-Score. This places Myaxis Group 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 a Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Myaxis Group Bhd and its competitors. Myaxis Group 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 Myaxis Group Bhd stock overvalued right now?
Myaxis Group Bhd (XKLS:03064) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Myaxis Group Bhd's overall GF Score™ is 13/100. 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 Myaxis Group Bhd (XKLS:03064), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

Myaxis Group Bhd Business Description

Address Jalan Tandop 5, B72 & B73, Taman Perindustrian Tandop Utama, Lebuhraya Sultanah Bahiyah, Alor Setar, KDH, MYS, 05050
Myaxis Group Bhd is involved in the sourcing and distribution of frozen meat products. It also sources and distributes other types of meat, including frozen red meat products (namely beef, buffalo, lamb and mutton products). Its processed meat products are processed at its processing facility in Alor Setar, Kedah. The company also source and distribute other frozen food products such as frozen seafood, as and when requested by its customers.
13GF Score

Get the complete analysis for XKLS:03064

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.12
Price