Skillful Craftsman Education Technology Limited
EDTK Consumer Defensive Education & Training Services
Skillful Craftsman Education Technology Limited’s revenue for fiscal 2026 (year ended March 2026) was $14,100.00, down 98.4% from fiscal 2025.
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Skillful Craftsman Education Technology Limited (EDTK) Beneish M-score
Skillful Craftsman Education Technology Limited's Beneish M-score for fiscal 2026 is −18.05; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −18.05 | (23.04) |
| FY2025 | 4.99 | 8.38 |
| FY2022 | −3.39 | (65.88) |
| FY2021 | 62.48 | 65.73 |
| FY2020 | −3.25 | (0.80) |
| FY2019 | −2.45 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 4.27 | — | 3.93 | |
| Gross margin index | 1.55 | — | 0.82 | |
| Asset quality index | 1.06 | — | 0.43 | |
| Sales growth index | 0.02 | — | 0.01 | |
| Depreciation index | 0.88 | — | 0.10 | |
| SG&A index | 80.70 | — | −13.88 | |
| Total accruals to total assets | (0.84) | — | −3.94 | |
| Leverage index | 2.07 | — | −0.68 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −18.05 | ||
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 |
|---|---|
| EDTK Skillful Craftsman Education Technology Limited | −18.0× |
| YQ 17 Education & Technology Group Inc. Sponsored ADR compare | −4.6× |
| GNS Genius Group Limited compare | −4.0× |
| FEDU Four Seasons Education (Cayman) Inc. Unsponsored ADR compare | −2.8× |
| MYND Mynd.ai, Inc. Unsponsored ADR compare | −2.6× |
| IH iHuman Inc. Sponsored ADR compare | −2.3× |
| YOUL Youlife Group Inc. compare | −1.7× |
| STG Sunlands Technology Group Sponsored ADR compare | — |
| ZME Zhangmen Education Inc. Sponsored ADR 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