YXT (Yxt.Com Group Holding) Beneish M-Score : 0.00 (As of Mar. 04, 2025)

View and export this data going back to 2024. Start your Free Trial

What is Yxt.Com Group Holding Beneish M-Score?

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 Yxt.Com Group Holding's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Yxt.Com Group Holding was -2.96. The lowest was -4.00. And the median was -3.55.

Yxt.Com Group Holding Beneish M-Score Historical Data

The historical data trend for Yxt.Com Group Holding'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.

* Premium members only.

Yxt.Com Group Holding Beneish M-Score Chart

Yxt.Com Group Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

-2.96

Yxt.Com Group Holding Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial											-3.77	-2.96	-	-4.00	-

Competitive Comparison of Yxt.Com Group Holding's Beneish M-Score

For the Software - Application subindustry, Yxt.Com Group Holding'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.

Yxt.Com Group Holding's Beneish M-Score Distribution in the Software Industry

For the Software industry and Technology sector, Yxt.Com Group Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yxt.Com Group Holding's Beneish M-Score falls into.

Yxt.Com Group Holding 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 Yxt.Com Group Holding 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was $3.73 Mil.
Revenue was 10.736 + 11.377 + 11.555 + 13.331 = $47.00 Mil.
Gross Profit was 6.303 + 6.791 + 7.23 + 4.836 = $25.16 Mil.
Total Current Assets was $75.39 Mil.
Total Assets was $123.10 Mil.
Property, Plant and Equipment(Net PPE) was $5.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.46 Mil.
Selling, General, & Admin. Expense(SGA) was $36.36 Mil.
Total Current Liabilities was $54.62 Mil.
Long-Term Debt & Capital Lease Obligation was $19.81 Mil.
Net Income was -5.122 + -1.886 + 4.907 + 2.691 = $0.59 Mil.
Non Operating Income was 1.607 + 2.46 + 10.794 + 14.062 = $28.92 Mil.
Cash Flow from Operations was 0 + 0 + -8.122 + 0 = $-8.12 Mil.

Total Receivables was $0.00 Mil.
Revenue was 12.431 + 16.19 + 17.729 + 14.994 = $61.34 Mil.
Gross Profit was 5.901 + 10.378 + 11.265 + 7.222 = $34.77 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.37 Mil.
Selling, General, & Admin. Expense(SGA) was $66.90 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(3.73 / 46.999)	/	(0 / 61.344)
	=	0.079363	/	0
	=

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)
	=	(34.766 / 61.344)	/	(25.16 / 46.999)
	=	0.566738	/	0.535331
	=

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 - (75.392 + 5.147) / 123.102)	/	(1 - (0 + 0) / 0)
	=	0.345754	/
	=

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
	=	46.999	/	61.344
	=

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))
	=	(2.373 / (2.373 + 0))	/	(0.459 / (0.459 + 5.147))
	=	1	/	0.081877
	=

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)
	=	(36.364 / 46.999)	/	(66.904 / 61.344)
	=	0.773719	/	1.090636
	=

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)
	=	((19.812 + 54.623) / 123.102)	/	((0 + 0) / 0)
	=	0.604661	/
	=

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
	=	(0.59 - 28.923	-	-8.122)	/	123.102
	=	-0.164181

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.

Yxt.Com Group Holding Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Yxt.Com Group Holding's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Yxt.Com Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Yxt.Com Group Holding Ltd (NAS:YXT) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78 East Jinshan Road, Room 501-502, Huqiu District, Jiangsu, Suzhou, CHN, 215011

Website

https://www.yxt.com

Yxt.Com Group Holding Ltd operates as a technology company. The company has created a SaaS model that integrates software and content, assisting customers in the digital transformation of corporate learning. The company operates in the People's Republic of China.