Oriental Interest Bhd (XKLS:5827) Beneish M-Score : -2.50 (As of Mar. 17, 2025)

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What is Oriental Interest Bhd Beneish M-Score?

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.

Good Sign:

Beneish M-Score -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Oriental Interest Bhd's Beneish M-Score or its related term are showing as below:

XKLS:5827' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89 Med: -2.17 Max: -1.07
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Oriental Interest Bhd was -1.07. The lowest was -2.89. And the median was -2.17.

Oriental Interest Bhd Beneish M-Score Historical Data

The historical data trend for Oriental Interest 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.

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Oriental Interest Bhd Beneish M-Score Chart

Oriental Interest Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Aug21

Aug22

Aug23

Aug24

Beneish M-Score

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-2.56

-2.15

-1.77

-2.31

-2.45

Oriental Interest Bhd Quarterly Data
	Sep19	Dec19	Mar20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Beneish M-Score	Get a 7-Day Free Trial															-2.12	-2.02	-1.86	-2.45	-2.50

Competitive Comparison of Oriental Interest Bhd's Beneish M-Score

For the Real Estate - Development subindustry, Oriental Interest 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.

Oriental Interest Bhd's Beneish M-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Oriental Interest Bhd's Beneish M-Score distribution charts can be found below:

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

Oriental Interest 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 Oriental Interest Bhd for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.6905

0.528 * 0.9056

0.404 * 0.979

0.892 * 1.1609

0.115 * 0.7607

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0974

4.679 * 0.062673

0.327 * 1.2112

-2.50

This Year (Nov24) TTM:

Last Year (Nov23) TTM:

Total Receivables was RM259.3 Mil.
Revenue was 135.711 + 209.555 + 180.424 + 136.668 = RM662.4 Mil.
Gross Profit was 39.703 + 72.127 + 52.512 + 33.53 = RM197.9 Mil.
Total Current Assets was RM922.9 Mil.
Total Assets was RM1,747.1 Mil.
Property, Plant and Equipment(Net PPE) was RM78.5 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.8 Mil.
Selling, General, & Admin. Expense(SGA) was RM62.8 Mil.
Total Current Liabilities was RM715.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.7 Mil.
Net Income was 15.73 + 35.553 + 25.233 + 8.572 = RM85.1 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -8.269 + 17.329 + 1.728 + -35.197 = RM-24.4 Mil.

Total Receivables was RM323.5 Mil.
Revenue was 125.825 + 200.911 + 122.671 + 121.168 = RM570.6 Mil.
Gross Profit was 35.841 + 59.137 + 29.297 + 30.089 = RM154.4 Mil.
Total Current Assets was RM797.7 Mil.
Total Assets was RM1,528.9 Mil.
Property, Plant and Equipment(Net PPE) was RM64.6 Mil.
Depreciation, Depletion and Amortization(DDA) was RM4.8 Mil.
Selling, General, & Admin. Expense(SGA) was RM49.3 Mil.
Total Current Liabilities was RM517.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.2 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)
	=	(259.295 / 662.358)	/	(323.484 / 570.575)
	=	0.391473	/	0.566944
	=	0.6905

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)
	=	(154.364 / 570.575)	/	(197.872 / 662.358)
	=	0.270541	/	0.298739
	=	0.9056

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 - (922.931 + 78.454) / 1747.123)	/	(1 - (797.733 + 64.589) / 1528.928)
	=	0.426838	/	0.435996
	=	0.979

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
	=	662.358	/	570.575
	=	1.1609

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))
	=	(4.758 / (4.758 + 64.589))	/	(7.778 / (7.778 + 78.454))
	=	0.068611	/	0.090199
	=	0.7607

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)
	=	(62.811 / 662.358)	/	(49.306 / 570.575)
	=	0.094829	/	0.086415
	=	1.0974

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)
	=	((0.697 + 715.682) / 1747.123)	/	((0.196 + 517.391) / 1528.928)
	=	0.410034	/	0.338529
	=	1.2112

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
	=	(85.088 - 0	-	-24.409)	/	1747.123
	=	0.062673

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.

Oriental Interest Bhd has a M-score of -2.50 suggests that the company is unlikely to be a manipulator.

Oriental Interest Bhd Beneish M-Score Related Terms

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Oriental Interest Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Oriental Interest Bhd (XKLS:5827) » Definitions » Beneish M-Score

Traded in Other Exchanges

N/A

Address

Lengkok Cempaka 2, 34 and 35, Bandar Amanjaya, Sungai Petani, KDH, MYS, 08000

Website

https://www.oibgroup.com

Oriental Interest Bhd is an investment holding company. Along with its subsidiaries, it is involved in residential and commercial property development, general construction, oil palm cultivation, and hospitality operations. Its reportable operating segments are; Property development, Construction, Investment holding, and Others. Maximum revenue for the company is generated from its Property development segment which is engaged in commercial and residential property development in Malaysia.

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