KHPT Holdings Bhd (XKLS:0322) Beneish M-Score: 0.00 (As of Jul. 05, 2026)


What is KHPT Holdings Bhd Beneish M-Score?

KHPT Holdings Bhd XKLS:0322 +6.25% Beneish M-Score is 0.00 as of Jul. 05, 2026. The stock has 4 warning signs investors should review. Among 1,276 Vehicles & Parts companies, KHPT Holdings Bhd ranks worse than 78369.83% 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 KHPT Holdings Bhd's Beneish M-Score or its related term are showing as below:

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

KHPT Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KHPT Holdings 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.

KHPT Holdings Bhd Beneish M-Score Chart

KHPT Holdings Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

KHPT Holdings Bhd Quarterly Data
Dec21 Dec22 Dec23 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 0.00 0.00 0.00 0.00 0.00

XKLS:0322 vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, KHPT Holdings 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.

KHPT Holdings Bhd Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, KHPT Holdings Bhd's Beneish M-Score distribution charts can be found below:

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


KHPT Holdings 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 KHPT Holdings 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 RM14.34 Mil.
Revenue was 19.01 + 24.668 + 29.142 + 23.114 = RM95.93 Mil.
Gross Profit was 1.927 + 1.434 + 3.28 + 3.084 = RM9.73 Mil.
Total Current Assets was RM53.04 Mil.
Total Assets was RM75.45 Mil.
Property, Plant and Equipment(Net PPE) was RM22.41 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.70 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.90 Mil.
Total Current Liabilities was RM16.71 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.17 Mil.
Net Income was 0.4 + 0.156 + 1.408 + 1.165 = RM3.13 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -3.853 + 1.562 + 2.88 + -0.609 = RM-0.02 Mil.
 Total Receivables was RM12.50 Mil.
Revenue was 23.125 + 26.954 + 25.738 + 23.994 = RM99.81 Mil.
Gross Profit was 2.246 + 2.574 + 3.777 + 1.968 = RM10.57 Mil.
Total Current Assets was RM53.82 Mil.
Total Assets was RM76.94 Mil.
Property, Plant and Equipment(Net PPE) was RM23.12 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.43 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.36 Mil.
Total Current Liabilities was RM20.04 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.11 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)
=(14.337 / 95.934) / (12.498 / 99.811)
=0.149446 / 0.125217
=

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)
=(10.565 / 99.811) / (9.725 / 95.934)
=0.10585 / 0.101372
=

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 - (53.041 + 22.411) / 75.452) / (1 - (53.818 + 23.123) / 76.941)
=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
=95.934 / 99.811
=

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))
=(0.433 / (0.433 + 23.123)) / (1.702 / (1.702 + 22.411))
=0.018382 / 0.070584
=

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)
=(5.904 / 95.934) / (5.357 / 99.811)
=0.061542 / 0.053671
=

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)
=((0.167 + 16.707) / 75.452) / ((0.106 + 20.04) / 76.941)
=0.223639 / 0.261837
=

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
=(3.129 - 0 - -0.02) / 75.452
=0.041735

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?
KHPT Holdings Bhd (XKLS:0322) has a Beneish M-Score of 0.00 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KHPT Holdings Bhd and its competitors. According to the industry distribution chart, KHPT Holdings Bhd ranks #999999 out of 1276 companies in the Vehicles & Parts industry.
Is KHPT Holdings Bhd's Beneish M-Score too high?
KHPT Holdings Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, KHPT Holdings Bhd ranks #999999 out of 1276 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers.
How does KHPT Holdings Bhd's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, KHPT Holdings Bhd ranks #999999 out of 1276 companies for Beneish M-Score. This places KHPT Holdings 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 KHPT Holdings Bhd and its competitors. KHPT Holdings 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 KHPT Holdings Bhd stock overvalued right now?
KHPT Holdings Bhd (XKLS:0322) 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 KHPT Holdings Bhd (XKLS:0322), the current Beneish M-Score is 0.00 as of Jul. 05, 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.

KHPT Holdings Bhd Business Description

Address Kawasan Perusahaan Kebun Baru, Lot 2228, Jalan Kasawari, Batu 9, Kuala Langat, Kg. Kebun Baru, Telok Panglima Garang, Darul Ehsan, Petaling Jaya, SGR, MYS, 42500
KHPT Holdings Bhd is principally engaged in the business of an investment holding company. The company, through its subsidiary, is engaged in the manufacturing and sale of automotive parts and components, comprising body parts, seat structures, and other parts (i.e., engine parts and absorber parts). The company provides comprehensive products to cater to the essential needs of the automotive industry in Malaysia.