ChowChow Cloud International Holdings Limited
CHOW Technology Software Infrastructure
ChowChow Cloud International Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $32.2 million, up 38.2% from fiscal 2024.
Follow CHOW
ChowChow Cloud International Holdings Limited (CHOW) Beneish M-score
ChowChow Cloud International Holdings Limited's Beneish M-score for fiscal 2025 is 0.42; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | 0.42 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.70 | — | 1.57 | |
| Gross margin index | 1.08 | — | 0.57 | |
| Asset quality index | 2.32 | — | 0.94 | |
| Sales growth index | 1.38 | — | 1.23 | |
| Depreciation index | 0.98 | — | 0.11 | |
| SG&A index | 3.58 | — | −0.62 | |
| Total accruals to total assets | 0.34 | — | 1.59 | |
| Leverage index | 0.42 | — | −0.14 | |
| Beneish M-score | Flagged by the model | 0.42 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| BTLN Brightline Interactive, Inc. compare | −21.9× |
| AIFA All In FutureTech Alliance Inc. compare | −4.0× |
| INTZ Intrusion Inc. compare | −3.5× |
| OLB OLB Group, Inc. compare | −3.3× |
| CHOW ChowChow Cloud International Holdings Limited | 0.4× |
| ORIO Orion Digital Corp. compare | — |
| TAOX Tao Synergies Inc. compare | — |
| FFR FF EAI Robotics Ecosystem Inc. compare | — |
| TGHL The GrowHub Limited compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI