Supreme Consolidated Resources Bhd (XKLS:0330) Beneish M-Score: -2.27 (As of Jun. 25, 2026)

What is Supreme Consolidated Resources Bhd Beneish M-Score?

Supreme Consolidated Resources Bhd XKLS:0330 57 Beneish M-Score is -2.27 as of Jun. 25, 2026. GuruFocus rates XKLS:0330 with a GF Score™ of 57/100 and a GF Value™ of RM0.22 (Fairly Valued). The stock has 3 warning signs investors should review. Among 293 Retail - Defensive companies, Supreme Consolidated Resources Bhd ranks worse than 74.06% 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.

Good Sign:

Beneish M-Score -2.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Supreme Consolidated Resources Bhd's Beneish M-Score or its related term are showing as below:

XKLS:0330' s Beneish M-Score Range Over the Past 10 Years
Min: -2.39 Med: -2.09 Max: -1.86
Current: -2.27

During the past 9 years, the highest Beneish M-Score of Supreme Consolidated Resources Bhd was -1.86. The lowest was -2.39. And the median was -2.09.

Supreme Consolidated Resources Bhd Beneish M-Score Related Terms

Supreme Consolidated Resources Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Supreme Consolidated Resources 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.

Supreme Consolidated Resources Bhd Beneish M-Score Chart

Supreme Consolidated Resources Bhd Annual Data

Trend

Sep16

Sep17

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Beneish M-Score

Get a 7-Day Free Trial

0.00

-2.39

Supreme Consolidated Resources Bhd Quarterly Data
	Jun18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-1.90	0.00	-2.39	-1.86	-2.27

XKLS:0330 vs SYY, USFD, PFGC: Beneish M-Score Comparison

For the Food Distribution subindustry, Supreme Consolidated Resources 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.

Supreme Consolidated Resources Bhd Beneish M-Score vs Retail - Defensive Industry

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

* The bar in red indicates where Supreme Consolidated Resources Bhd's Beneish M-Score falls into.

Save Embed

57GF Score

Supreme Consolidated Resources Bhd XKLS:0330

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Supreme Consolidated Resources 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 Supreme Consolidated Resources 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 * 1.0761

0.528 * 1.0201

0.404 * 0.9655

0.892 * 1.0147

0.115 * 1.0291

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9708

4.679 * 0.023935

0.327 * 0.9574

-2.27

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM42.4 Mil.
Revenue was 73.016 + 60.3 + 51.529 + 57.209 = RM242.1 Mil.
Gross Profit was 8.951 + 7.19 + 5.266 + 5.521 = RM26.9 Mil.
Total Current Assets was RM110.9 Mil.
Total Assets was RM167.3 Mil.
Property, Plant and Equipment(Net PPE) was RM32.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.4 Mil.
Total Current Liabilities was RM44.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.0 Mil.
Net Income was 3.536 + 2.568 + 2.093 + 1.737 = RM9.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 15.049 + -14.976 + -1.71 + 7.567 = RM5.9 Mil.

Total Receivables was RM38.9 Mil.
Revenue was 67.02 + 56.164 + 54.718 + 60.637 = RM238.5 Mil.
Gross Profit was 8.287 + 7.058 + 5.902 + 5.823 = RM27.1 Mil.
Total Current Assets was RM109.1 Mil.
Total Assets was RM161.7 Mil.
Property, Plant and Equipment(Net PPE) was RM29.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.5 Mil.
Total Current Liabilities was RM44.0 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)
	=	(42.447 / 242.054)	/	(38.873 / 238.539)
	=	0.175362	/	0.162963
	=	1.0761

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)
	=	(27.07 / 238.539)	/	(26.928 / 242.054)
	=	0.113482	/	0.111248
	=	1.0201

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 - (110.935 + 32.937) / 167.288)	/	(1 - (109.14 + 29.135) / 161.721)
	=	0.139974	/	0.144978
	=	0.9655

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
	=	242.054	/	238.539
	=	1.0147

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))
	=	(2.697 / (2.697 + 29.135))	/	(2.955 / (2.955 + 32.937))
	=	0.084726	/	0.08233
	=	1.0291

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)
	=	(12.353 / 242.054)	/	(12.54 / 238.539)
	=	0.051034	/	0.05257
	=	0.9708

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)
	=	((1.983 + 44.268) / 167.288)	/	((2.716 + 43.986) / 161.721)
	=	0.276475	/	0.288781
	=	0.9574

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
	=	(9.934 - 0	-	5.93)	/	167.288
	=	0.023935

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.

Supreme Consolidated Resources Bhd has a M-score of -2.27 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.27 mean?

Supreme Consolidated Resources Bhd (XKLS:0330) has a Beneish M-Score of -2.27 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Supreme Consolidated Resources Bhd and its competitors. According to the industry distribution chart, Supreme Consolidated Resources Bhd ranks #217 out of 293 companies in the Retail - Defensive industry, placing it in the top 74.1%.

Is Supreme Consolidated Resources Bhd's Beneish M-Score too high?

Supreme Consolidated Resources Bhd's current Beneish M-Score is -2.27. Based on the distribution chart, Supreme Consolidated Resources Bhd ranks #217 out of 293 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Supreme Consolidated Resources Bhd has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Supreme Consolidated Resources Bhd's Beneish M-Score compare to SYY and USFD?

According to the Retail - Defensive industry distribution chart, Supreme Consolidated Resources Bhd ranks #217 out of 293 companies for Beneish M-Score. This places Supreme Consolidated Resources 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 Supreme Consolidated Resources Bhd and its competitors. Supreme Consolidated Resources Bhd's current Beneish M-Score is -2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Supreme Consolidated Resources Bhd stock overvalued right now?

Based on GuruFocus' analysis, Supreme Consolidated Resources Bhd (XKLS:0330) is currently considered Fairly Valued. The stock's GF Value™ is RM0.22, compared to a current price of RM0.20 — trading 9.1% below its estimated fair value. The current Beneish M-Score is -2.27. Supreme Consolidated Resources Bhd's overall GF Score™ is 57/100 with 3 warning signs to review. 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 Supreme Consolidated Resources Bhd (XKLS:0330), the current Beneish M-Score is -2.27 as of Jun. 25, 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.

Is Supreme Consolidated Resources Bhd (XKLS:0330) Overvalued in 2026?

Based on GuruFocus' analysis, Supreme Consolidated Resources Bhd stock appears to be undervalued. The current stock price of RM0.20 is trading 9.1% below its estimated GF Value™ of RM0.22. GuruFocus considers Supreme Consolidated Resources Bhd to be Fairly Valued.

Key valuation signals for XKLS:0330:

Beneish M-Score: -2.27
GF Value™: RM0.22 vs. price of RM0.20 (9.1% below fair value)
GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the XKLS:0330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Supreme Consolidated Resources Bhd Business Description

Industry Consumer Defensive Retail - Defensive

Comparable Companies XKLS:0309 XKLS:0180 XKLS:0158 XKLS:0304 XKLS:3948 XKLS:0271 SYY USFD PFGC XLIS:JMT LSE:BNZL HKSE:01768 JSE:BID BKK:CPAXT SGX:VC2 CHEF UNFI HAM:B4B ASX:MTS ANDE

Address Lorong Demak Laut 3A, Demak Laut Industrial Park, Lot 919, Block 7, Muara Tebas Land District, Sejingkat, Kuching, SWK, MYS, 93050

Website https://www.supremegroup.my

Supreme Consolidated Resources Bhd is an investment holding company with subsidiaries principally engaged in trading and distribution activities. The Group operates through two reportable segments: the Food and Beverages segment, which is involved in the trading of food and beverage products, logistics and transportation of goods, and investment holding, generating the maximum revenue; and the Non-Food and Beverages segment, which is involved in the trading of non-food and beverage products. The Group's products under the Food and Beverages segment include Frozen Food, Chilled Food, Dairy Products, and Dry F&B Products. The Group's operations and distribution network are focused in Malaysia, mainly in Sarawak and Sabah, with export activities to Myanmar.

57GF Score

Get the complete analysis for XKLS:0330

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

RM0.20

Price

RM0.22

GF Value

View XKLS:0330 Analysis

See Beneish M-Score data for all stocks →