Jiankun International Bhd (XKLS:8923) Beneish M-Score: -3.71 (As of Jun. 27, 2026)


What is Jiankun International Bhd Beneish M-Score?

Jiankun International Bhd XKLS:8923 Beneish M-Score is -3.71 as of Jun. 27, 2026. The stock has 4 warning signs investors should review. Among 1,682 Real Estate companies, Jiankun International Bhd ranks better than 93.7% 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 -3.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:8923' s Beneish M-Score Range Over the Past 10 Years
Min: -7.22   Med: -1.96   Max: 37.31
Current: -3.71

During the past 13 years, the highest Beneish M-Score of Jiankun International Bhd was 37.31. The lowest was -7.22. And the median was -1.96.

Jiankun International Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jiankun International 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.

Jiankun International Bhd Beneish M-Score Chart

Jiankun International Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.25 -3.29 -0.29 -6.69 -0.65

Jiankun International Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 -1.56 -3.58 -3.07 -4.00 -3.71

Jiankun International Bhd Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Jiankun International 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.

Jiankun International Bhd Beneish M-Score vs Real Estate Industry

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

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


Jiankun International 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 Jiankun International 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 * 1.8438+0.528 * -0.0612+0.404 * 1.1842+0.892 * 0.4129+0.115 * 0.2577
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.9382+4.679 * -0.161972-0.327 * 0.9808
=-3.71

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM13.04 Mil.
Revenue was 0.613 + 0.022 + 0.747 + 1.431 = RM2.81 Mil.
Gross Profit was 0.051 + -5.225 + 0.136 + 0.176 = RM-4.86 Mil.
Total Current Assets was RM38.39 Mil.
Total Assets was RM105.62 Mil.
Property, Plant and Equipment(Net PPE) was RM4.35 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.11 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.55 Mil.
Total Current Liabilities was RM39.09 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.50 Mil.
Net Income was -0.93 + -15.204 + -0.761 + -1.231 = RM-18.13 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -0.489 + 0 + 0 + -0.53 = RM-1.02 Mil.
 Total Receivables was RM17.12 Mil.
Revenue was 5.377 + 0.282 + 0.302 + 0.851 = RM6.81 Mil.
Gross Profit was 0.569 + 0.027 + 0.068 + 0.057 = RM0.72 Mil.
Total Current Assets was RM65.76 Mil.
Total Assets was RM141.37 Mil.
Property, Plant and Equipment(Net PPE) was RM4.54 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.03 Mil.
Selling, General, & Admin. Expense(SGA) was RM6.93 Mil.
Total Current Liabilities was RM54.03 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.72 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)
=(13.037 / 2.813) / (17.123 / 6.812)
=4.634554 / 2.513652
=1.8438

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)
=(0.721 / 6.812) / (-4.862 / 2.813)
=0.105843 / -1.728404
=-0.0612

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 - (38.391 + 4.346) / 105.617) / (1 - (65.763 + 4.535) / 141.374)
=0.595359 / 0.502752
=1.1842

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
=2.813 / 6.812
=0.4129

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))
=(0.028 / (0.028 + 4.535)) / (0.106 / (0.106 + 4.346))
=0.006136 / 0.02381
=0.2577

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)
=(5.545 / 2.813) / (6.928 / 6.812)
=1.971205 / 1.017029
=1.9382

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)
=((2.497 + 39.086) / 105.617) / ((2.723 + 54.029) / 141.374)
=0.393715 / 0.401432
=0.9808

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
=(-18.126 - 0 - -1.019) / 105.617
=-0.161972

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.

Jiankun International Bhd has a M-score of -3.71 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 -3.71 mean?
Jiankun International Bhd (XKLS:8923) has a Beneish M-Score of -3.71 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jiankun International Bhd and its competitors. According to the industry distribution chart, Jiankun International Bhd ranks #106 out of 1682 companies in the Real Estate industry, placing it in the top 6.3%.
Is Jiankun International Bhd's Beneish M-Score too high?
Jiankun International Bhd's current Beneish M-Score is -3.71. Based on the distribution chart, Jiankun International Bhd ranks #106 out of 1682 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers.
How does Jiankun International Bhd's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Jiankun International Bhd ranks #106 out of 1682 companies for Beneish M-Score. This places Jiankun International 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Jiankun International Bhd and its competitors. Jiankun International Bhd's current Beneish M-Score is -3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiankun International Bhd stock overvalued right now?
Based on GuruFocus' analysis, Jiankun International Bhd (XKLS:8923) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.01, compared to a current price of RM0.05 — trading 350% above its estimated fair value. The current Beneish M-Score is -3.71. 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 Jiankun International Bhd (XKLS:8923), the current Beneish M-Score is -3.71 as of Jun. 27, 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.

Jiankun International Bhd Business Description

Address No. 16A, Persiaran Barat, L21-03, Level 21, PJX-HM Shah Tower, Petaling Jaya, SGR, MYS, 46050
Jiankun International Bhd is engaged in the provision of management services and investment holding. It operates in two segments: Property development and construction, which develops and provides construction services for residential, industrial, and commercial property; and Property management and investment holding, which is engaged in the provision of management, marketing, and consultancy services. It generates maximum revenue from the Property development and construction segment.