Reneuco Bhd (XKLS:7130) Beneish M-Score: -3.72 (As of Jun. 26, 2026)

What is Reneuco Bhd Beneish M-Score?

Reneuco Bhd XKLS:7130 Beneish M-Score is -3.72 as of Jun. 26, 2026. The stock has 5 warning signs investors should review. Among 1,704 Construction companies, Reneuco Bhd ranks better than 93.6% 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 -3.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7130' s Beneish M-Score Range Over the Past 10 Years
Min: -4.51 Med: -0.77 Max: 16.23
Current: -3.72

During the past 13 years, the highest Beneish M-Score of Reneuco Bhd was 16.23. The lowest was -4.51. And the median was -0.77.

Reneuco Bhd Beneish M-Score Related Terms

Reneuco Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Reneuco 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.

Reneuco Bhd Beneish M-Score Chart

Reneuco Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Beneish M-Score

Get a 7-Day Free Trial

-1.98

4.64

2.22

1.11

0.44

Reneuco Bhd Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-0.99	-4.51	-2.75	-3.52	-3.72

XKLS:7130 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Reneuco 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.

Reneuco Bhd Beneish M-Score vs Construction Industry

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

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

Save Embed

Reneuco 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 Reneuco 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 * 0.8137

0.528 * 0.8861

0.404 * 0.3719

0.892 * 0.8178

0.115 * 1.0636

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0556

4.679 * -0.117562

0.327 * 1.1198

-3.72

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was RM56.33 Mil.
Revenue was 4.034 + 3.782 + 3.065 + 3.694 = RM14.58 Mil.
Gross Profit was 1.236 + 0.878 + 0.478 + 0.617 = RM3.21 Mil.
Total Current Assets was RM113.34 Mil.
Total Assets was RM624.78 Mil.
Property, Plant and Equipment(Net PPE) was RM502.16 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.28 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.58 Mil.
Total Current Liabilities was RM180.37 Mil.
Long-Term Debt & Capital Lease Obligation was RM286.58 Mil.
Net Income was -0.915 + -1.259 + -1.285 + -66.698 = RM-70.16 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was 1.968 + 0.531 + 0.794 + 0 = RM3.29 Mil.

Total Receivables was RM84.66 Mil.
Revenue was 4.182 + 4.086 + 4.442 + 5.112 = RM17.82 Mil.
Gross Profit was 0.928 + 0.595 + 1.038 + 0.916 = RM3.48 Mil.
Total Current Assets was RM156.82 Mil.
Total Assets was RM685.23 Mil.
Property, Plant and Equipment(Net PPE) was RM501.03 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.42 Mil.
Selling, General, & Admin. Expense(SGA) was RM14.57 Mil.
Total Current Liabilities was RM171.21 Mil.
Long-Term Debt & Capital Lease Obligation was RM286.13 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)
	=	(56.332 / 14.575)	/	(84.655 / 17.822)
	=	3.864974	/	4.750028
	=	0.8137

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)
	=	(3.477 / 17.822)	/	(3.209 / 14.575)
	=	0.195096	/	0.220172
	=	0.8861

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 - (113.335 + 502.159) / 624.779)	/	(1 - (156.821 + 501.027) / 685.227)
	=	0.014861	/	0.039956
	=	0.3719

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
	=	14.575	/	17.822
	=	0.8178

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))
	=	(2.417 / (2.417 + 501.027))	/	(2.277 / (2.277 + 502.159))
	=	0.004801	/	0.004514
	=	1.0636

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)
	=	(12.575 / 14.575)	/	(14.566 / 17.822)
	=	0.862779	/	0.817304
	=	1.0556

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)
	=	((286.581 + 180.371) / 624.779)	/	((286.132 + 171.213) / 685.227)
	=	0.747387	/	0.667436
	=	1.1198

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
	=	(-70.157 - 0	-	3.293)	/	624.779
	=	-0.117562

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.

Reneuco Bhd has a M-score of -3.72 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 -3.72 mean?

Reneuco Bhd (XKLS:7130) has a Beneish M-Score of -3.72 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Reneuco Bhd and its competitors. According to the industry distribution chart, Reneuco Bhd ranks #109 out of 1704 companies in the Construction industry, placing it in the top 6.4%.

Is Reneuco Bhd's Beneish M-Score too high?

Reneuco Bhd's current Beneish M-Score is -3.72. Based on the distribution chart, Reneuco Bhd ranks #109 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.

How does Reneuco Bhd's Beneish M-Score compare to PWR and FIX?

According to the Construction industry distribution chart, Reneuco Bhd ranks #109 out of 1704 companies for Beneish M-Score. This places Reneuco Bhd in the top 6% 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 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 Reneuco Bhd and its competitors. Reneuco Bhd's current Beneish M-Score is -3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Reneuco Bhd stock overvalued right now?

Reneuco Bhd (XKLS:7130) has a current Beneish M-Score of -3.72. The stock's GF Value™ is RM0.02, compared to a current price of RM0.01 — trading 75% below its estimated fair value. The current Beneish M-Score is -3.72. 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 Reneuco Bhd (XKLS:7130), the current Beneish M-Score is -3.72 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.

Reneuco Bhd Business Description

Industry Industrials Construction

Comparable Companies XKLS:0081 XKLS:0177 XKLS:0059 XKLS:5169 XKLS:7007 PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ SHSE:601668 STRL XPAR:EN TSX:WSP APG

Address No. 1, Jalan Dutamas 1, C1-1-1, Solaris Dutamas, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50480

Website https://www.reneuco.com

Reneuco Bhd an investment holding company is mainly involved in sustainable energy and utilities activities.is mainly involved in sustainable energy and utilities activities. The company's operating segments include Construction-related activities; Healthcare; Logistics; Investment and Property. It generates maximum revenue from the Construction related activities segment. The Construction-related activities segment includes engineering, procurement, construction and commissioning of energy utilities and infrastructure projects, and investment holding. Geographically it derives a majority of revenue from Malaysia. Geographical segments include Malaysia, ASEAN and Europe.