ZJK (ZJK Industrial Co) Beneish M-Score: -2.13 (As of Aug. 03, 2026)

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ZJK ZJK Industrial Co Ltd ZJK
23 GF Score
Price $1.56
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What is ZJK Industrial Co Beneish M-Score?

ZJK Industrial Co ZJK -0.64% 23 Beneish M-Score is -2.13 as of Aug. 03, 2026. GuruFocus rates ZJK with a GF Score™ of 23/100. Among 2,907 Industrial Products companies, ZJK Industrial Co ranks worse than 72.38% 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 -2.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ZJK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.05   Med: -2.35   Max: -2.13
Current: -2.13

During the past 5 years, the highest Beneish M-Score of ZJK Industrial Co was -2.13. The lowest was -3.05. And the median was -2.35.

ZJK Industrial Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ZJK Industrial Co'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.

ZJK Industrial Co Beneish M-Score Chart

ZJK Industrial Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.35 -3.05 -2.13

ZJK Industrial Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only -2.35 0.00 -3.05 0.00 -2.13

ZJK vs BWEN, HDRN, NPWR: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, ZJK Industrial Co'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.

ZJK Industrial Co Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ZJK Industrial Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ZJK Industrial Co's Beneish M-Score falls into.


ZJK
23GF Score
ZJK Industrial Co Ltd ZJK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ZJK Industrial Co 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 ZJK Industrial Co 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 * 0.9439+0.528 * 0.8216+0.404 * 0.9522+0.892 * 1.4839+0.115 * 1.5025
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8217+4.679 * -0.002565-0.327 * 0.9846
=-2.13

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $28.39 Mil.
Revenue was $56.10 Mil.
Gross Profit was $24.50 Mil.
Total Current Assets was $59.53 Mil.
Total Assets was $79.53 Mil.
Property, Plant and Equipment(Net PPE) was $16.19 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.38 Mil.
Selling, General, & Admin. Expense(SGA) was $13.92 Mil.
Total Current Liabilities was $32.10 Mil.
Long-Term Debt & Capital Lease Obligation was $2.88 Mil.
Net Income was $10.19 Mil.
Gross Profit was $3.83 Mil.
Cash Flow from Operations was $6.56 Mil.
 Total Receivables was $20.27 Mil.
Revenue was $37.81 Mil.
Gross Profit was $13.57 Mil.
Total Current Assets was $43.50 Mil.
Total Assets was $55.37 Mil.
Property, Plant and Equipment(Net PPE) was $9.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.21 Mil.
Selling, General, & Admin. Expense(SGA) was $11.42 Mil.
Total Current Liabilities was $23.98 Mil.
Long-Term Debt & Capital Lease Obligation was $0.76 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)
=(28.393 / 56.104) / (20.271 / 37.809)
=0.506078 / 0.536142
=0.9439

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)
=(13.565 / 37.809) / (24.501 / 56.104)
=0.358777 / 0.436707
=0.8216

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 - (59.531 + 16.194) / 79.528) / (1 - (43.498 + 9.095) / 55.374)
=0.04782 / 0.050222
=0.9522

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
=56.104 / 37.809
=1.4839

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))
=(1.212 / (1.212 + 9.095)) / (1.375 / (1.375 + 16.194))
=0.11759 / 0.078263
=1.5025

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)
=(13.92 / 56.104) / (11.417 / 37.809)
=0.248111 / 0.301965
=0.8217

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)
=((2.876 + 32.1) / 79.528) / ((0.755 + 23.978) / 55.374)
=0.439795 / 0.446654
=0.9846

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
=(10.185 - 3.829 - 6.56) / 79.528
=-0.002565

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.

ZJK Industrial Co has a M-score of -2.13 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 -2.13 mean?
ZJK Industrial Co (ZJK) has a Beneish M-Score of -2.13 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ZJK Industrial Co and its competitors. According to the industry distribution chart, ZJK Industrial Co ranks #2104 out of 2907 companies in the Industrial Products industry, placing it in the top 72.4%.
Is ZJK Industrial Co's Beneish M-Score too high?
ZJK Industrial Co's current Beneish M-Score is -2.13. Based on the distribution chart, ZJK Industrial Co ranks #2104 out of 2907 companies in the Industrial Products industry, which is below the industry midpoint. Overall, ZJK Industrial Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does ZJK Industrial Co's Beneish M-Score compare to BWEN and HDRN?
According to the Industrial Products industry distribution chart, ZJK Industrial Co ranks #2104 out of 2907 companies for Beneish M-Score. This places ZJK Industrial Co 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 ZJK Industrial Co and its competitors. ZJK Industrial Co's current Beneish M-Score is -2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZJK Industrial Co stock overvalued right now?
ZJK Industrial Co (ZJK) has a current Beneish M-Score of -2.13. The current Beneish M-Score is -2.13. ZJK Industrial Co's overall GF Score™ is 23/100. 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 ZJK Industrial Co (ZJK), the current Beneish M-Score is -2.13 as of Aug. 03, 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.

ZJK Industrial Co Business Description

Address No.8, Jingqiang Road, 138 Industrial Zone, Xiuxin Community, Kengzi Town, Pingshan New Area, Shenzhen, CHN, 518122
ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment.
23GF Score

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

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