SkyeChip Bhd (XKLS:5357) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


XKLS:5357 SkyeChip Bhd XKLS:5357
19 GF Score
Price RM3.03
! 1 Warning Sign
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What is SkyeChip Bhd Beneish M-Score?

SkyeChip Bhd XKLS:5357 +2.02% 19 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates XKLS:5357 with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 987 Semiconductors companies, SkyeChip Bhd ranks worse than 101317.02% 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 SkyeChip Bhd's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of SkyeChip Bhd was 0.00. The lowest was 0.00. And the median was 0.00.

SkyeChip Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SkyeChip 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.

SkyeChip Bhd Beneish M-Score Chart

SkyeChip Bhd Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 0.00

SkyeChip Bhd Semi-Annual Data
Mar23 Mar24 Mar25
Beneish M-Score 0.00 0.00 0.00

XKLS:5357 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, SkyeChip 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.

SkyeChip Bhd Beneish M-Score vs Semiconductors Industry

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

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


XKLS:5357
19GF Score
SkyeChip Bhd XKLS:5357
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SkyeChip 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 SkyeChip 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 * 1.2459+0.528 * 1.1076+0.404 * 2.676+0.892 * 1.5507+0.115 * 0.8922
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2295+4.679 * 0.091149-0.327 * 0.1726
=-0.38

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was RM27.1 Mil.
Revenue was RM119.5 Mil.
Gross Profit was RM50.4 Mil.
Total Current Assets was RM85.5 Mil.
Total Assets was RM133.9 Mil.
Property, Plant and Equipment(Net PPE) was RM42.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM6.9 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.1 Mil.
Total Current Liabilities was RM4.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.0 Mil.
Net Income was RM35.9 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM23.7 Mil.
 Total Receivables was RM14.0 Mil.
Revenue was RM77.1 Mil.
Gross Profit was RM36.0 Mil.
Total Current Assets was RM65.3 Mil.
Total Assets was RM83.9 Mil.
Property, Plant and Equipment(Net PPE) was RM17.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.5 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.7 Mil.
Total Current Liabilities was RM18.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.2 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)
=(27.135 / 119.503) / (14.045 / 77.063)
=0.227065 / 0.182253
=1.2459

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)
=(36.029 / 77.063) / (50.445 / 119.503)
=0.467527 / 0.422123
=1.1076

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 - (85.547 + 41.991) / 133.945) / (1 - (65.293 + 17.121) / 83.914)
=0.047833 / 0.017875
=2.676

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
=119.503 / 77.063
=1.5507

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))
=(2.48 / (2.48 + 17.121)) / (6.939 / (6.939 + 41.991))
=0.126524 / 0.141815
=0.8922

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)
=(5.125 / 119.503) / (2.688 / 77.063)
=0.042886 / 0.034881
=1.2295

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)
=((1.993 + 4.014) / 133.945) / ((3.177 + 18.625) / 83.914)
=0.044847 / 0.259814
=0.1726

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
=(35.943 - 0 - 23.734) / 133.945
=0.091149

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.

SkyeChip Bhd has a M-score of -0.38 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?
SkyeChip Bhd (XKLS:5357) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SkyeChip Bhd and its competitors. According to the industry distribution chart, SkyeChip Bhd ranks #999999 out of 987 companies in the Semiconductors industry.
Is SkyeChip Bhd's Beneish M-Score too high?
SkyeChip Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, SkyeChip Bhd ranks #999999 out of 987 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SkyeChip Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does SkyeChip Bhd's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, SkyeChip Bhd ranks #999999 out of 987 companies for Beneish M-Score. This places SkyeChip 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 SkyeChip Bhd and its competitors. SkyeChip 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 SkyeChip Bhd stock overvalued right now?
SkyeChip Bhd (XKLS:5357) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. SkyeChip Bhd's overall GF Score™ is 19/100 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 SkyeChip Bhd (XKLS:5357), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

SkyeChip Bhd Business Description

Address 1-18-12 Suntech, Penang Cybercity, Lintang Mayang Pasir 3, Bayan Baru, PNG, MYS, 11950
SkyeChip Bhd is principally involved in IC design specialising in silicon IPs and silicon products including custom ASIC. It provides licensable silicon IPs to the customers to integrate into their IC products. The company also designs and develops custom ASIC products tailored to meet specific customer requirements, delivering semiconductor chips that are optimised for a specific application rather than for general-purpose use. The company has only one reportable business segment which relates principally to the provision of semiconductor intellectual property, integrated circuit manufacturing, software design and development and engineering consultation. Its geographical segments include Malaysia and Singapore, with the majority of revenue generated from Malaysia.
19GF Score

Get the complete analysis for XKLS:5357

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

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