ASM Automation Group Bhd (XKLS:0362) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


XKLS:0362 ASM Automation Group Bhd XKLS:0362
16 GF Score
Price RM0.13
! 3 Warning Signs
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What is ASM Automation Group Bhd Beneish M-Score?

ASM Automation Group Bhd XKLS:0362 -3.70% 16 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates XKLS:0362 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 2,918 Industrial Products companies, ASM Automation Group Bhd ranks worse than 34270.01% 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 ASM Automation 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 ASM Automation Group Bhd was -2.76. The lowest was -3.41. And the median was -3.09.

ASM Automation Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ASM Automation 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.

ASM Automation Group Bhd Beneish M-Score Chart

ASM Automation Group Bhd Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.76 -3.41 0.00

ASM Automation Group Bhd Quarterly Data
Mar22 Mar23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -3.41 0.00 0.00 0.00

XKLS:0362 vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, ASM Automation 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.

ASM Automation Group Bhd Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ASM Automation Group Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0362
16GF Score
ASM Automation Group Bhd XKLS:0362
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ASM Automation 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 ASM Automation 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM18.02 Mil.
Revenue was RM31.79 Mil.
Gross Profit was RM8.86 Mil.
Total Current Assets was RM58.87 Mil.
Total Assets was RM63.75 Mil.
Property, Plant and Equipment(Net PPE) was RM4.54 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.67 Mil.
Selling, General, & Admin. Expense(SGA) was RM7.97 Mil.
Total Current Liabilities was RM6.43 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.44 Mil.
Net Income was RM0.07 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM-1.66 Mil.
 Total Receivables was RM0.00 Mil.
Revenue was RM42.13 Mil.
Gross Profit was RM16.20 Mil.
Total Current Assets was RM0.00 Mil.
Total Assets was RM0.00 Mil.
Property, Plant and Equipment(Net PPE) was RM0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.59 Mil.
Selling, General, & Admin. Expense(SGA) was RM6.81 Mil.
Total Current Liabilities was RM0.00 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 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)
=(18.015 / 31.794) / (0 / 42.133)
=0.566616 / 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)
=(16.201 / 42.133) / (8.856 / 31.794)
=0.38452 / 0.278543
=

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 - (58.872 + 4.535) / 63.754) / (1 - (0 + 0) / 0)
=0.005443 /
=

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
=31.794 / 42.133
=

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))
=(0.594 / (0.594 + 0)) / (0.668 / (0.668 + 4.535))
=1 / 0.128387
=

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)
=(7.969 / 31.794) / (6.813 / 42.133)
=0.250645 / 0.161702
=

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)
=((0.442 + 6.425) / 63.754) / ((0 + 0) / 0)
=0.107711 /
=

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
=(0.069 - 0 - -1.655) / 63.754
=0.027041

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?
ASM Automation Group Bhd (XKLS:0362) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ASM Automation Group Bhd and its competitors. According to the industry distribution chart, ASM Automation Group Bhd ranks #999999 out of 2918 companies in the Industrial Products industry.
Is ASM Automation Group Bhd's Beneish M-Score too high?
ASM Automation Group Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, ASM Automation Group Bhd ranks #999999 out of 2918 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, ASM Automation Group Bhd has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ASM Automation Group Bhd's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ASM Automation Group Bhd ranks #999999 out of 2918 companies for Beneish M-Score. This places ASM Automation 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 ASM Automation Group Bhd and its competitors. ASM Automation 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 ASM Automation Group Bhd stock overvalued right now?
ASM Automation Group Bhd (XKLS:0362) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. ASM Automation Group Bhd's overall GF Score™ is 16/100 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 ASM Automation Group Bhd (XKLS:0362), the current Beneish M-Score is 0.00 as of Jul. 04, 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.

ASM Automation Group Bhd Business Description

Address No. 1, Persiaran Perindustrian Pengkalan 15, Kawasan Perindustrian Pengkalan, Lahat, PRK, MYS, 31500
ASM Automation Group Bhd is is principally involved in the provision of automation machinery solutions and complementary solutions, for the F&B manufacturing industry. It operates in two business segments: Automation machinery solutions and Complementary solutions. Automation machinery solutions segment designs, develops, fabricates, installs and commissions FOL processing solutions and EOL packaging solutions. Complementary solutions segment provides complementary solutions such as modification and upgrading services, maintenance services, and supply of spare parts and components for automation machinery solutions. Key revenue is generated from Automation machinery solutions.
16GF Score

Get the complete analysis for XKLS:0362

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

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