Bus Cap Bhd (XKLS:0455) Beneish M-Score: 0.00 (As of Aug. 05, 2026)

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XKLS:0455 Bus Cap Bhd XKLS:0455
15 GF Score
Price RM0.29
! 2 Warning Signs
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What is Bus Cap Bhd Beneish M-Score?

Bus Cap Bhd XKLS:0455 +1.75% 15 Beneish M-Score is 0.00 as of Aug. 05, 2026. GuruFocus rates XKLS:0455 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 1,274 Vehicles & Parts companies, Bus Cap Bhd ranks worse than 78492.86% 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 Bus Cap Bhd's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Bus Cap Bhd was 0.00. The lowest was 0.00. And the median was 0.00.

Bus Cap Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bus Cap 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.

Bus Cap Bhd Beneish M-Score Chart

Bus Cap Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Bus Cap Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00 0.00

XKLS:0455 vs TSLA, GM, F: Beneish M-Score Comparison

For the Auto Manufacturers subindustry, Bus Cap 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.

Bus Cap Bhd Beneish M-Score vs Vehicles & Parts Industry

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

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


XKLS:0455
15GF Score
Bus Cap Bhd XKLS:0455
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bus Cap 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 Bus Cap 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 * 0.4685+0.528 * 1.0449+0.404 * 0.6805+0.892 * 1.5605+0.115 * 0.8777
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.5114+4.679 * 0.066043-0.327 * 0.5657
=-2.23

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was RM5.88 Mil.
Revenue was RM88.08 Mil.
Gross Profit was RM18.18 Mil.
Total Current Assets was RM66.44 Mil.
Total Assets was RM74.53 Mil.
Property, Plant and Equipment(Net PPE) was RM7.33 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.64 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.51 Mil.
Total Current Liabilities was RM26.19 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.96 Mil.
Net Income was RM9.81 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM4.88 Mil.
 Total Receivables was RM8.04 Mil.
Revenue was RM56.45 Mil.
Gross Profit was RM12.17 Mil.
Total Current Assets was RM36.62 Mil.
Total Assets was RM44.71 Mil.
Property, Plant and Equipment(Net PPE) was RM7.42 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.56 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.06 Mil.
Total Current Liabilities was RM26.42 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.49 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)
=(5.881 / 88.083) / (8.044 / 56.446)
=0.066767 / 0.142508
=0.4685

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)
=(12.171 / 56.446) / (18.176 / 88.083)
=0.215622 / 0.206351
=1.0449

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 - (66.44 + 7.327) / 74.527) / (1 - (36.618 + 7.424) / 44.712)
=0.010198 / 0.014985
=0.6805

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
=88.083 / 56.446
=1.5605

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))
=(0.564 / (0.564 + 7.424)) / (0.641 / (0.641 + 7.327))
=0.070606 / 0.080447
=0.8777

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)
=(2.507 / 88.083) / (1.063 / 56.446)
=0.028462 / 0.018832
=1.5114

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)
=((2.961 + 26.186) / 74.527) / ((4.488 + 26.423) / 44.712)
=0.391093 / 0.691336
=0.5657

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
=(9.806 - 0 - 4.884) / 74.527
=0.066043

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.

Bus Cap Bhd has a M-score of -2.23 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 0.00 mean?
Bus Cap Bhd (XKLS:0455) has a Beneish M-Score of 0.00 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bus Cap Bhd and its competitors. According to the industry distribution chart, Bus Cap Bhd ranks #999999 out of 1274 companies in the Vehicles & Parts industry.
Is Bus Cap Bhd's Beneish M-Score too high?
Bus Cap Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Bus Cap Bhd ranks #999999 out of 1274 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Bus Cap Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bus Cap Bhd's Beneish M-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bus Cap Bhd ranks #999999 out of 1274 companies for Beneish M-Score. This places Bus Cap 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 Bus Cap Bhd and its competitors. Bus Cap 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 Bus Cap Bhd stock overvalued right now?
Bus Cap Bhd (XKLS:0455) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Bus Cap Bhd's overall GF Score™ is 15/100 with 2 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 Bus Cap Bhd (XKLS:0455), the current Beneish M-Score is 0.00 as of Aug. 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.

Bus Cap Bhd Business Description

Address No. 8-10, Solok Rishah 3, Kawasan Perindustrian Silibin, Ipoh, PRK, MYS, 30100
Bus Cap Bhd is an investment holding company. Through its Subsidiary, the company is principally involved in bus building, covering the design and manufacturing of bus bodies, assembly of bus bodies with chassis sourced from chassis principals/dealers, sourcing and installation of fittings and accessories to form CBU buses as well as provision of bus repair and maintenance services. The company's business segments are: (i) Sales of buses; and (ii) Provision of repair and maintenance services for buses. The majority of revenue is derived from the Sales of buses, mainly semi-high deck buses. Geographically, the maximum revenue is generated from Malaysia and the rest from Singapore.
15GF Score

Get the complete analysis for XKLS:0455

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

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