Sum Technology Bhd (XKLS:0459) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


What is Sum Technology Bhd Beneish M-Score?

Sum Technology Bhd XKLS:0459 +2.00% Beneish M-Score is 0.00 as of Jun. 24, 2026. Among 1,704 Construction companies, Sum Technology Bhd ranks worse than 58685.39% 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 Sum Technology Bhd's Beneish M-Score or its related term are showing as below:

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

Sum Technology Bhd Beneish M-Score Historical Data

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The historical data trend for Sum Technology 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.

Sum Technology Bhd Beneish M-Score Chart

Sum Technology Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Sum Technology Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00 0.00

XKLS:0459 vs : Beneish M-Score Comparison

For the Engineering & Construction subindustry, Sum Technology 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.

Sum Technology Bhd Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Sum Technology Bhd's Beneish M-Score distribution charts can be found below:

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


Sum Technology 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 Sum Technology 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 * 1.1791+0.528 * 1.0094+0.404 * 0.7539+0.892 * 1.2788+0.115 * 1.0329
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.7241+4.679 * 0.17351-0.327 * 0.7034
=-1.37

* 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 RM43.41 Mil.
Revenue was RM65.67 Mil.
Gross Profit was RM15.65 Mil.
Total Current Assets was RM80.17 Mil.
Total Assets was RM87.53 Mil.
Property, Plant and Equipment(Net PPE) was RM6.97 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.44 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.21 Mil.
Total Current Liabilities was RM23.20 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.24 Mil.
Net Income was RM6.06 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM-9.13 Mil.
 Total Receivables was RM28.79 Mil.
Revenue was RM51.35 Mil.
Gross Profit was RM12.35 Mil.
Total Current Assets was RM35.06 Mil.
Total Assets was RM41.43 Mil.
Property, Plant and Equipment(Net PPE) was RM6.11 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.40 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.00 Mil.
Total Current Liabilities was RM13.82 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.31 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)
=(43.411 / 65.67) / (28.791 / 51.354)
=0.661048 / 0.560638
=1.1791

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)
=(12.353 / 51.354) / (15.649 / 65.67)
=0.240546 / 0.238298
=1.0094

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 - (80.165 + 6.966) / 87.534) / (1 - (35.058 + 6.114) / 41.425)
=0.004604 / 0.006107
=0.7539

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
=65.67 / 51.354
=1.2788

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))
=(0.397 / (0.397 + 6.114)) / (0.437 / (0.437 + 6.966))
=0.060974 / 0.05903
=1.0329

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)
=(2.207 / 65.67) / (1.001 / 51.354)
=0.033607 / 0.019492
=1.7241

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)
=((5.239 + 23.195) / 87.534) / ((5.308 + 13.822) / 41.425)
=0.324834 / 0.461798
=0.7034

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
=(6.059 - 0 - -9.129) / 87.534
=0.17351

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.

Sum Technology Bhd has a M-score of -1.37 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?
Sum Technology Bhd (XKLS:0459) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sum Technology Bhd and its competitors. According to the industry distribution chart, Sum Technology Bhd ranks #999999 out of 1704 companies in the Construction industry.
Is Sum Technology Bhd's Beneish M-Score too high?
Sum Technology Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Sum Technology Bhd ranks #999999 out of 1704 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Sum Technology Bhd's Beneish M-Score compare to ?
According to the Construction industry distribution chart, Sum Technology Bhd ranks #999999 out of 1704 companies for Beneish M-Score. This places Sum Technology 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Sum Technology Bhd and its competitors. Sum Technology 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 Sum Technology Bhd stock overvalued right now?
Sum Technology Bhd (XKLS:0459) 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 Sum Technology Bhd (XKLS:0459), the current Beneish M-Score is 0.00 as of Jun. 24, 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.

Sum Technology Bhd Business Description

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Address Jalan PJU 1A/4, Ara Damansara, D-2-6 and D-3-6, Pacific Place Commercial Centre, Petaling Jaya, SGR, MYS, 47301
Sum Technology Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in mechanical and electrical engineers and engineering works, contractors and consulting engineers for utilities piping and cleanroom architecture works, trading of customised industrial MVAC products and solar PV panels and manufacturing of customised industrial MVAC products. Its business segments: Turnkey solutions, Manufacturing of MVAC products, and Trading. The majority of revenue is derived from the Turnkey solutions segment, which covers controlled environment, such as cleanrooms, and mission critical MEPF utilities for customers and/ or end users in the semiconductor, consumer products, and data centre sectors.