Odinwell AB (XSAT:ODIN) Beneish M-Score: 0.00 (As of Aug. 04, 2026)

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XSAT:ODIN Odinwell AB XSAT:ODIN
33 GF Score
Price kr0.17
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What is Odinwell AB Beneish M-Score?

Odinwell AB XSAT:ODIN -4.52% 33 Beneish M-Score is 0.00 as of Aug. 04, 2026. GuruFocus rates XSAT:ODIN with a GF Score™ of 33/100. Among 762 Medical Devices & Instruments companies, Odinwell AB ranks worse than 131233.46% 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.

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

During the past 7 years, the highest Beneish M-Score of Odinwell AB was 0.00. The lowest was 0.00. And the median was 0.00.


Odinwell AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Odinwell AB'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.

Odinwell AB Beneish M-Score Chart

Odinwell AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Odinwell AB 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 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 0.00 0.00 0.00 0.00

XSAT:ODIN vs ISRG, BDX, MDLN: Beneish M-Score Comparison

For the Medical Instruments & Supplies subindustry, Odinwell AB'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.


Odinwell AB Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Odinwell AB's Beneish M-Score distribution charts can be found below:

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


XSAT:ODIN
33GF Score
Odinwell AB XSAT:ODIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Odinwell AB 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 Odinwell AB 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 kr0.30 Mil.
Revenue was 0.106 + 0 + 0 + 0 = kr0.11 Mil.
Gross Profit was 1.008 + 1.082 + 0.825 + 0.976 = kr3.89 Mil.
Total Current Assets was kr3.14 Mil.
Total Assets was kr35.84 Mil.
Property, Plant and Equipment(Net PPE) was kr3.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1.10 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr1.33 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was -1.151 + -1.055 + -1.4 + -1.675 = kr-5.28 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was -0.748 + -1.115 + -0.878 + -1.144 = kr-3.89 Mil.
Total Receivables was kr0.99 Mil.
Revenue was 0 + 0 + 0 + 0 = kr0.00 Mil.
Gross Profit was 1.114 + 1.129 + 0.987 + 1.209 = kr4.44 Mil.
Total Current Assets was kr4.31 Mil.
Total Assets was kr33.92 Mil.
Property, Plant and Equipment(Net PPE) was kr4.10 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1.08 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr1.70 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 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)
=(0.301 / 0.106) / (0.992 / 0)
=2.839623 /
=

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)
=(4.439 / 0) / (3.891 / 0.106)
= / 36.707547
=

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 - (3.14 + 2.999) / 35.835) / (1 - (4.314 + 4.097) / 33.918)
=0.828687 / 0.75202
=

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
=0.106 / 0
=

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))
=(1.084 / (1.084 + 4.097)) / (1.098 / (1.098 + 2.999))
=0.209226 / 0.268001
=

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 / 0.106) / (0 / 0)
=0 /
=

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 + 1.331) / 35.835) / ((0 + 1.699) / 33.918)
=0.037142 / 0.050091
=

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
=(-5.281 - 0 - -3.885) / 35.835
=-0.038956

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Odinwell AB (XSAT:ODIN) has a Beneish M-Score of 0.00 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Odinwell AB and its competitors. According to the industry distribution chart, Odinwell AB ranks #999999 out of 762 companies in the Medical Devices & Instruments industry.
Is Odinwell AB's Beneish M-Score too high?
Odinwell AB's current Beneish M-Score is 0.00. Based on the distribution chart, Odinwell AB ranks #999999 out of 762 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Odinwell AB has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Odinwell AB's Beneish M-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Odinwell AB ranks #999999 out of 762 companies for Beneish M-Score. This places Odinwell AB 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Odinwell AB and its competitors. Odinwell AB's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Odinwell AB stock overvalued right now?
Odinwell AB (XSAT:ODIN) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Odinwell AB's overall GF Score™ is 33/100. 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 Odinwell AB (XSAT:ODIN), the current Beneish M-Score is 0.00 as of Aug. 04, 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.

Odinwell AB Business Description

Other Exchanges 0AF:Germany
Address Box 7109, Halmstad, SWE, SE-300 07
Odinwell AB is a medtech company with a patented optical technology for assessment of covered wounds.
33GF Score

Get the complete analysis for XSAT:ODIN

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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