Eco-Shop Marketing Bhd (XKLS:5337) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


XKLS:5337 Eco-Shop Marketing Bhd XKLS:5337
15 GF Score
Price RM1.31
! 1 Warning Sign
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What is Eco-Shop Marketing Bhd Beneish M-Score?

Eco-Shop Marketing Bhd XKLS:5337 -2.24% 15 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates XKLS:5337 with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 1,087 Retail - Cyclical companies, Eco-Shop Marketing Bhd ranks worse than 91996.23% 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 Eco-Shop Marketing Bhd's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Eco-Shop Marketing Bhd was -1.72. The lowest was -1.72. And the median was -1.72.

Eco-Shop Marketing Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Eco-Shop Marketing 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.

Eco-Shop Marketing Bhd Beneish M-Score Chart

Eco-Shop Marketing Bhd Annual Data
Trend May22 May23 May24 May25
Beneish M-Score
0.00 0.00 0.00 0.00

Eco-Shop Marketing Bhd Quarterly Data
May22 May23 Nov23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.72 0.00

XKLS:5337 vs DDS, M: Beneish M-Score Comparison

For the Department Stores subindustry, Eco-Shop Marketing 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.

Eco-Shop Marketing Bhd Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Eco-Shop Marketing Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Eco-Shop Marketing Bhd's Beneish M-Score falls into.


XKLS:5337
15GF Score
Eco-Shop Marketing Bhd XKLS:5337
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Eco-Shop Marketing 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 Eco-Shop Marketing 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was RM12 Mil.
Revenue was 743.726 + 714.831 + 684.332 + 688.977 = RM2,832 Mil.
Gross Profit was 251.173 + 234.042 + 217.648 + 220.05 = RM923 Mil.
Total Current Assets was RM741 Mil.
Total Assets was RM1,837 Mil.
Property, Plant and Equipment(Net PPE) was RM880 Mil.
Depreciation, Depletion and Amortization(DDA) was RM139 Mil.
Selling, General, & Admin. Expense(SGA) was RM601 Mil.
Total Current Liabilities was RM360 Mil.
Long-Term Debt & Capital Lease Obligation was RM357 Mil.
Net Income was 71.289 + 61.892 + 58.755 + 49.406 = RM241 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0 Mil.
Cash Flow from Operations was 68.503 + 98.776 + 126.354 + -1.183 = RM292 Mil.
 Total Receivables was RM0 Mil.
Revenue was 736.351 + 694.489 + 667.718 + 640.666 = RM2,739 Mil.
Gross Profit was 206.153 + 190.869 + 169.374 + 174.543 = RM741 Mil.
Total Current Assets was RM0 Mil.
Total Assets was RM0 Mil.
Property, Plant and Equipment(Net PPE) was RM0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM91 Mil.
Selling, General, & Admin. Expense(SGA) was RM471 Mil.
Total Current Liabilities was RM0 Mil.
Long-Term Debt & Capital Lease Obligation was RM0 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)
=(12.224 / 2831.866) / (0 / 2739.224)
=0.004317 / 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)
=(740.939 / 2739.224) / (922.913 / 2831.866)
=0.270492 / 0.325903
=

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 - (741.025 + 879.629) / 1837.105) / (1 - (0 + 0) / 0)
=0.117822 /
=

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
=2831.866 / 2739.224
=

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))
=(91.066 / (91.066 + 0)) / (138.97 / (138.97 + 879.629))
=1 / 0.136432
=

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)
=(601.305 / 2831.866) / (471.304 / 2739.224)
=0.212335 / 0.172057
=

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)
=((357.487 + 359.959) / 1837.105) / ((0 + 0) / 0)
=0.390531 /
=

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
=(241.342 - 0 - 292.45) / 1837.105
=-0.02782

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?
Eco-Shop Marketing Bhd (XKLS:5337) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eco-Shop Marketing Bhd and its competitors. According to the industry distribution chart, Eco-Shop Marketing Bhd ranks #999999 out of 1087 companies in the Retail - Cyclical industry.
Is Eco-Shop Marketing Bhd's Beneish M-Score too high?
Eco-Shop Marketing Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Eco-Shop Marketing Bhd ranks #999999 out of 1087 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Eco-Shop Marketing Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Eco-Shop Marketing Bhd's Beneish M-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Eco-Shop Marketing Bhd ranks #999999 out of 1087 companies for Beneish M-Score. This places Eco-Shop Marketing 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 - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Eco-Shop Marketing Bhd and its competitors. Eco-Shop Marketing 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 Eco-Shop Marketing Bhd stock overvalued right now?
Eco-Shop Marketing Bhd (XKLS:5337) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Eco-Shop Marketing Bhd's overall GF Score™ is 15/100 with 1 warning sign 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 Eco-Shop Marketing Bhd (XKLS:5337), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Eco-Shop Marketing Bhd Business Description

Address Lot 3913-3914, Kampung Sungai Siput, Segamat, JHR, MYS, 85200
Eco-Shop Marketing Bhd operates as a dollar store chain in Malaysia. It opened its first RM2.00 store in Gemas, Negeri Sembilan. It operates nearly 358 stores across Malaysia.
15GF Score

Get the complete analysis for XKLS:5337

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

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