Sumisaujana Group Bhd (XKLS:0349) Beneish M-Score: -0.98 (As of Jul. 06, 2026)


What is Sumisaujana Group Bhd Beneish M-Score?

Sumisaujana Group Bhd XKLS:0349 Beneish M-Score is -0.98 as of Jul. 06, 2026. The stock has 3 warning signs investors should review. Among 1,524 Chemicals companies, Sumisaujana Group Bhd ranks worse than 92.72% 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.

Warning Sign:

Beneish M-Score -0.98 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:0349' s Beneish M-Score Range Over the Past 10 Years
Min: -1.12   Med: -1.05   Max: -0.98
Current: -0.98

During the past 5 years, the highest Beneish M-Score of Sumisaujana Group Bhd was -0.98. The lowest was -1.12. And the median was -1.05.

Sumisaujana Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sumisaujana 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.

Sumisaujana Group Bhd Beneish M-Score Chart

Sumisaujana Group Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 -1.12

Sumisaujana Group Bhd Quarterly Data
Dec21 Dec22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.12 -0.98

XKLS:0349 vs DOW: Beneish M-Score Comparison

For the Chemicals subindustry, Sumisaujana 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.

Sumisaujana Group Bhd Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sumisaujana Group Bhd's Beneish M-Score distribution charts can be found below:

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


Sumisaujana 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 Sumisaujana 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 * 1.5153+0.528 * 1.0316+0.404 * 2.3504+0.892 * 1.414+0.115 * 0.9085
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6804+4.679 * -0.008731-0.327 * 0.7244
=-0.98

* 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 RM86.9 Mil.
Revenue was 42.18 + 65.359 + 43.586 + 36.896 = RM188.0 Mil.
Gross Profit was 11.077 + 16.528 + 8.794 + 13.184 = RM49.6 Mil.
Total Current Assets was RM171.8 Mil.
Total Assets was RM230.1 Mil.
Property, Plant and Equipment(Net PPE) was RM58.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM5.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM33.6 Mil.
Total Current Liabilities was RM44.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.4 Mil.
Net Income was 2.502 + 4.264 + 0.106 + 1.253 = RM8.1 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 5.667 + 6.042 + 2.526 + -4.101 = RM10.1 Mil.
 Total Receivables was RM40.5 Mil.
Revenue was 37.769 + 27.904 + 0 + 67.297 = RM133.0 Mil.
Gross Profit was 11.5 + 7.766 + 0 + 16.907 = RM36.2 Mil.
Total Current Assets was RM107.2 Mil.
Total Assets was RM141.3 Mil.
Property, Plant and Equipment(Net PPE) was RM34.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM34.9 Mil.
Total Current Liabilities was RM35.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.2 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)
=(86.862 / 188.021) / (40.539 / 132.97)
=0.46198 / 0.304873
=1.5153

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)
=(36.173 / 132.97) / (49.583 / 188.021)
=0.272039 / 0.26371
=1.0316

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 - (171.801 + 58.034) / 230.099) / (1 - (107.232 + 33.951) / 141.252)
=0.001147 / 0.000488
=2.3504

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
=188.021 / 132.97
=1.414

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))
=(2.726 / (2.726 + 33.951)) / (5.171 / (5.171 + 58.034))
=0.074325 / 0.081813
=0.9085

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)
=(33.58 / 188.021) / (34.903 / 132.97)
=0.178597 / 0.262488
=0.6804

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)
=((9.396 + 44.883) / 230.099) / ((10.211 + 35.784) / 141.252)
=0.235894 / 0.325624
=0.7244

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
=(8.125 - 0 - 10.134) / 230.099
=-0.008731

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.

Sumisaujana Group Bhd has a M-score of -0.98 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 -0.98 mean?
Sumisaujana Group Bhd (XKLS:0349) has a Beneish M-Score of -0.98 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sumisaujana Group Bhd and its competitors. According to the industry distribution chart, Sumisaujana Group Bhd ranks #1413 out of 1524 companies in the Chemicals industry, placing it in the top 92.7%.
Is Sumisaujana Group Bhd's Beneish M-Score too high?
Sumisaujana Group Bhd's current Beneish M-Score is -0.98. Based on the distribution chart, Sumisaujana Group Bhd ranks #1413 out of 1524 companies in the Chemicals industry, which is in the bottom quartile relative to peers.
How does Sumisaujana Group Bhd's Beneish M-Score compare to DOW?
According to the Chemicals industry distribution chart, Sumisaujana Group Bhd ranks #1413 out of 1524 companies for Beneish M-Score. This places Sumisaujana 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Sumisaujana Group Bhd and its competitors. Sumisaujana Group Bhd's current Beneish M-Score is -0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sumisaujana Group Bhd stock overvalued right now?
Sumisaujana Group Bhd (XKLS:0349) has a current Beneish M-Score of -0.98. The current Beneish M-Score is -0.98. 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 Sumisaujana Group Bhd (XKLS:0349), the current Beneish M-Score is -0.98 as of Jul. 06, 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.

Sumisaujana Group Bhd Business Description

Address No. 57, Jalan TIAJ 2/1, Taman Industri Alam Jaya, Bandar Puncak Alam, SGR, MYS, 42300
Sumisaujana Group Bhd is an investment holding company, through its Subsidiary it is principally involved in the manufacturing of O&G specialty chemicals, trading of O&G specialty and industrial chemicals, and provision of related support services. It is principally a manufacturer of O&G specialty chemicals focusing on drilling fluid chemicals, and production and refinery chemicals for the upstream, midstream and downstream segments in the O&G industry. The company operates in two segments: The manufacturing segment and the Trading and related support services segment. The majority of revenue is derived from the manufacturing segment.