Komarkcorp Bhd (XKLS:7017) Beneish M-Score: -6.70 (As of Jul. 02, 2026)


What is Komarkcorp Bhd Beneish M-Score?

Komarkcorp Bhd XKLS:7017 Beneish M-Score is -6.70 as of Jul. 02, 2026. The stock has 5 warning signs investors should review. Among 1,021 Business Services companies, Komarkcorp Bhd ranks better than 98.14% 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.

Good Sign:

Beneish M-Score -6.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7017' s Beneish M-Score Range Over the Past 10 Years
Min: -13.81   Med: -3.75   Max: 13.49
Current: -6.7

During the past 13 years, the highest Beneish M-Score of Komarkcorp Bhd was 13.49. The lowest was -13.81. And the median was -3.75.

Komarkcorp Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Komarkcorp 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.

Komarkcorp Bhd Beneish M-Score Chart

Komarkcorp Bhd Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Mar22 Mar23 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.64 -13.81 0.00 0.00 -6.70

Komarkcorp Bhd Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -6.70 0.00 0.00 0.00

XKLS:7017 vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Komarkcorp 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.

Komarkcorp Bhd Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Komarkcorp Bhd's Beneish M-Score distribution charts can be found below:

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


Komarkcorp 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 Komarkcorp 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 * 0.5972+0.528 * -2.486+0.404 * 0.6224+0.892 * 0.489+0.115 * 0.898
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.267001-0.327 * 1.414
=-6.70

* 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 (Jun25) TTM:Last Year (Mar23) TTM:
Total Receivables was RM3.22 Mil.
Revenue was RM19.92 Mil.
Gross Profit was RM-0.80 Mil.
Total Current Assets was RM31.04 Mil.
Total Assets was RM111.04 Mil.
Property, Plant and Equipment(Net PPE) was RM74.67 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.88 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM22.84 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.22 Mil.
Net Income was RM-25.45 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM4.19 Mil.
 Total Receivables was RM11.04 Mil.
Revenue was RM40.74 Mil.
Gross Profit was RM4.04 Mil.
Total Current Assets was RM24.68 Mil.
Total Assets was RM118.82 Mil.
Property, Plant and Equipment(Net PPE) was RM84.98 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.97 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM17.35 Mil.
Long-Term Debt & Capital Lease Obligation was RM6.15 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)
=(3.223 / 19.921) / (11.038 / 40.741)
=0.161789 / 0.270931
=0.5972

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)
=(4.042 / 40.741) / (-0.795 / 19.921)
=0.099212 / -0.039908
=-2.486

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 - (31.041 + 74.668) / 111.037) / (1 - (24.679 + 84.981) / 118.821)
=0.047984 / 0.077099
=0.6224

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
=19.921 / 40.741
=0.489

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))
=(7.965 / (7.965 + 84.981)) / (7.877 / (7.877 + 74.668))
=0.085695 / 0.095427
=0.898

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)
=(0 / 19.921) / (0 / 40.741)
=0 / 0
=1

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)
=((8.216 + 22.835) / 111.037) / ((6.15 + 17.349) / 118.821)
=0.279646 / 0.197768
=1.414

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
=(-25.454 - 0 - 4.193) / 111.037
=-0.267001

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.

Komarkcorp Bhd has a M-score of -6.70 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 -6.70 mean?
Komarkcorp Bhd (XKLS:7017) has a Beneish M-Score of -6.70 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Komarkcorp Bhd and its competitors. According to the industry distribution chart, Komarkcorp Bhd ranks #19 out of 1021 companies in the Business Services industry, placing it in the top 1.9%.
Is Komarkcorp Bhd's Beneish M-Score too high?
Komarkcorp Bhd's current Beneish M-Score is -6.70. Based on the distribution chart, Komarkcorp Bhd ranks #19 out of 1021 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.
How does Komarkcorp Bhd's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Komarkcorp Bhd ranks #19 out of 1021 companies for Beneish M-Score. This places Komarkcorp Bhd in the top 2% of its industry — outperforming the majority of peers. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Komarkcorp Bhd and its competitors. Komarkcorp Bhd's current Beneish M-Score is -6.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komarkcorp Bhd stock overvalued right now?
Based on GuruFocus' analysis, Komarkcorp Bhd (XKLS:7017) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.07 — trading 62.5% above its estimated fair value. The current Beneish M-Score is -6.70. 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 Komarkcorp Bhd (XKLS:7017), the current Beneish M-Score is -6.70 as of Jul. 02, 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.

Komarkcorp Bhd Business Description

Address Lot 132, Jalan 16/1, Kawasan Perindustrian Cheras Jaya, Darul Ehsan, Balakong, SGR, MYS, 43200
Komarkcorp Bhd is a company engaged in the manufacturing of self-adhesive labels and flexible packaging. The company's segment includes Self-adhesive labels and stickers, Face masks, and others. The company generates maximum revenue from the Self-adhesive labels and stickers segment. Geographically, it derives a majority of its revenue from Malaysia.