Velocity Capital Partner Bhd (XKLS:7165) Beneish M-Score: -1.44 (As of Jul. 06, 2026)

What is Velocity Capital Partner Bhd Beneish M-Score?

Velocity Capital Partner Bhd XKLS:7165 Beneish M-Score is -1.44 as of Jul. 06, 2026. The stock has 6 warning signs investors should review. Among 1,700 Construction companies, Velocity Capital Partner Bhd ranks worse than 86.88% 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.

Warning Sign:

Beneish M-Score -1.44 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:7165' s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -1.01 Max: 341.71
Current: -1.44

During the past 13 years, the highest Beneish M-Score of Velocity Capital Partner Bhd was 341.71. The lowest was -2.80. And the median was -1.01.

Velocity Capital Partner Bhd Beneish M-Score Related Terms

Velocity Capital Partner Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Velocity Capital Partner 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.

Velocity Capital Partner Bhd Beneish M-Score Chart

Velocity Capital Partner Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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6.11

0.01

-2.80

-2.33

-1.44

Velocity Capital Partner Bhd Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	-1.44	0.00	0.00	0.00

XKLS:7165 vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Velocity Capital Partner 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.

Velocity Capital Partner Bhd Beneish M-Score vs Construction Industry

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

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

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Velocity Capital Partner 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 Velocity Capital Partner 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 * 1.4328

0.528 * 0.5621

0.404 * 3.8606

0.892 * 0.7207

0.115 * 0.7582

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.282

4.679 * -0.018467

0.327 * 0.5954

-1.44

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was RM246.70 Mil.
Revenue was RM41.32 Mil.
Gross Profit was RM17.72 Mil.
Total Current Assets was RM321.07 Mil.
Total Assets was RM474.69 Mil.
Property, Plant and Equipment(Net PPE) was RM32.26 Mil.
Depreciation, Depletion and Amortization(DDA) was RM8.93 Mil.
Selling, General, & Admin. Expense(SGA) was RM14.09 Mil.
Total Current Liabilities was RM18.28 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.52 Mil.
Net Income was RM25.93 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM34.69 Mil.

Total Receivables was RM238.91 Mil.
Revenue was RM57.34 Mil.
Gross Profit was RM13.82 Mil.
Total Current Assets was RM345.79 Mil.
Total Assets was RM427.50 Mil.
Property, Plant and Equipment(Net PPE) was RM53.40 Mil.
Depreciation, Depletion and Amortization(DDA) was RM10.50 Mil.
Selling, General, & Admin. Expense(SGA) was RM15.25 Mil.
Total Current Liabilities was RM24.12 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.31 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)
	=	(246.703 / 41.324)	/	(238.906 / 57.338)
	=	5.969969	/	4.166626
	=	1.4328

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)
	=	(13.822 / 57.338)	/	(17.723 / 41.324)
	=	0.241062	/	0.428879
	=	0.5621

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 - (321.073 + 32.262) / 474.69)	/	(1 - (345.786 + 53.4) / 427.495)
	=	0.255651	/	0.066221
	=	3.8606

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
	=	41.324	/	57.338
	=	0.7207

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))
	=	(10.502 / (10.502 + 53.4))	/	(8.929 / (8.929 + 32.262))
	=	0.164345	/	0.216771
	=	0.7582

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)
	=	(14.091 / 41.324)	/	(15.251 / 57.338)
	=	0.340988	/	0.265984
	=	1.282

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)
	=	((0.521 + 18.276) / 474.69)	/	((4.311 + 24.118) / 427.495)
	=	0.039598	/	0.066501
	=	0.5954

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
	=	(25.926 - 0	-	34.692)	/	474.69
	=	-0.018467

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.

Velocity Capital Partner Bhd has a M-score of -1.44 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 -1.44 mean?

Velocity Capital Partner Bhd (XKLS:7165) has a Beneish M-Score of -1.44 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Velocity Capital Partner Bhd and its competitors. According to the industry distribution chart, Velocity Capital Partner Bhd ranks #1477 out of 1700 companies in the Construction industry, placing it in the top 86.9%.

Is Velocity Capital Partner Bhd's Beneish M-Score too high?

Velocity Capital Partner Bhd's current Beneish M-Score is -1.44. Based on the distribution chart, Velocity Capital Partner Bhd ranks #1477 out of 1700 companies in the Construction industry, which is in the bottom quartile relative to peers.

How does Velocity Capital Partner Bhd's Beneish M-Score compare to TT and JCI?

According to the Construction industry distribution chart, Velocity Capital Partner Bhd ranks #1477 out of 1700 companies for Beneish M-Score. This places Velocity Capital Partner 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 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 Velocity Capital Partner Bhd and its competitors. Velocity Capital Partner Bhd's current Beneish M-Score is -1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Velocity Capital Partner Bhd stock overvalued right now?

Based on GuruFocus' analysis, Velocity Capital Partner Bhd (XKLS:7165) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.07 — trading 75% above its estimated fair value. The current Beneish M-Score is -1.44. 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 Velocity Capital Partner Bhd (XKLS:7165), the current Beneish M-Score is -1.44 as of Jul. 06, 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.

Velocity Capital Partner Bhd Business Description

Industry Industrials Construction

Comparable Companies XKLS:7016 XKLS:7232 XKLS:9121 XKLS:0227 XKLS:7235 XKLS:7086 XKLS:7133 TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII MAIR DUB:KRX MAS CSL XSWX:BEAN WMS

Address No. 685, Jalan Damansara, 9-3, Oval Damansara, Taman Tun Dr. Ismail, Wilayah Persekutuan, Kuala Lumpur, MYS, 60000

Website https://www.velocitymy.com

Velocity Capital Partner Bhd is an investment holding company. The company's operating segment includes Ceramic; Construction and Property; Financial services; Transportation and logistics and Others. It generates maximum revenue from the Transportation and logistics segment. Geographically, it derives a majority of its revenue from Malaysia and also the United States, and other Countries.